Vanguard Treasury Money Market Fund only invests in Treasury bonds and fully collateralized repurchase agreements, which sell the security at one price and buy it back at a higher price.
The Fidelity Government Cash Reserves fund seeks to generate a high level of current income while preserving capital and liquidity.
This actively managed fund's primary goal is to provide maximum safety and liquidity. Second, it seeks to earn the highest rate of return possible while maintaining safety and liquidity.
The JPMorgan Liquid Assets Money Market Fund invests in high-quality short-term assets such as certificates of deposit (28.6%) and financial company commercial paper (15.8%).
The Schwab Value Advantage Money Fund, as an actively managed fund, has a weighted average maturity of only 34.1 days. Its goal is to maximize current income while preserving capital and liquidity.
U.S. dollar-denominated money market securities of domestic and foreign issuers, U.S. government securities, and repurchase agreements make up 39.81% of this fund's portfolio to achieve its goals of high current income and principal and liquidity preservation.
Vanguard Municipal Money Market Fund is one of the most conservative Vanguard investments. Its goal is to provide current income that is tax-free while maintaining liquidity and a $1 net asset value.
Fidelity's Municipal Money Market Fund typically invests 80% of its assets in federally exempt municipal securities. Securities that generate federal and state taxable gains may account for up to 20% of assets.