The vanguard prime money market fund investor class (vmmxx) seeks to provide the highest income while maintaining liquidity and a stable share price of $1 The vanguard prime money market fund, or vmmxx, is an investment fund offered through vanguard that invests in u.s Government securities and foreign bonds As its main goal is to provide current income and preserve shareholders’ principal investments, the fund maintains a share price of $1. Vanguard offered two “prime” money market mutual funds The vanguard cash reserves federal money market fund admiral shares (vmrxx) and the vanguard cash reserves federal money market fund (vmmxx)
However, vmmxx shares were converted to vmrxx back in 2021.
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