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Money market fund

investment products

What is Money market fund?

A money market fund is a type of fixed income mutual fund that invests only in highly liquid, short-term debt. These funds offer a low level of risk because they invest in low-risk investments like government-backed securities. You can use a money market fund to save for short-term goals such as a wedding, a down payment on a home, or an unexpected life event.

Recent performance (as of August 2025) shows total money market fund assets reached $7.15 trillion, with a weekly increase of $76.24 billion, driven by gains in government and prime funds. Yields have been competitive due to higher interest rates, with some funds offering 4-5% seven-day SEC yields, though returns vary based on fund type (e.g., government, prime, or municipal) and expense ratios. Inflation and fee impacts can erode real returns over time.

Easy access

Money market funds allow you to easily transfer money between our accounts.

Less volatility

Money market funds seek to maintain a stable $1 NAV (net asset value) and are less risky than other investment types—like stocks or bonds.

Get earnings on your savings

No matter the goal—you still have the potential to earn interest on your savings while reducing market risk.

Featured Insights

Explore the Best Ideas from Our Global Investment Team

Dive into a world of deep expertise across public and private money markets funds and get insights to help you gain an edge in an ever-changing world.
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A strong track record

Our low-cost funds are crafted to help you reach your goals and achieve investment success. Over the last 10 years, we've had a history of strong performance.

Perfomance

100 %
of our money market funds outperformed their peer-group averages

Perfomance

100 %
of our money market funds outperformed their peer-group averages
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