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by toomuchtodo
1051 days ago
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> VMFXX > The fund invests at least 99.5% of its total assets in cash, U.S. government securities, and/or repurchase agreements that are collateralized solely by U.S. government securities or cash (collectively, government securities). While not explicitly FDIC insured, you can consider it backed by the full faith and credit of the US government. FDIC, Federal Reserve, it’s just splitting hairs wrt these instruments. |
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