Vanguard Federal Money Market Fund Investor Shares

VMFXX

GovernmentInstitutional
7-day Yield
#112
3.90%
as of 11/30/2025
Net assets
$372.2B
Expense ratio
0.11%
WAM
36
WAL
54
Minimum
$3K
Holding details
40% Treasuries
29% Treasury Repos
20% Agency Coupon Securities
11% Agency Zero Coupon
as of 11/30/2025

Performance

Portfolio Securities

SecurityYield%
United States Treasury Bill3.96%3.59%
United States Treasury Bill3.96%3.52%
United States Treasury Bill3.90%2.25%
United States Treasury Bill3.87%2.18%
United States Treasury Bill3.98%2.13%
United States Treasury Bill3.96%2.05%
United States Treasury Bill3.96%2.03%
United States Treasury Bill3.99%1.93%
United States Treasury Bill3.97%1.93%
United States Treasury Bill3.80%1.52%
United States Treasury Bill3.79%1.50%
United States Treasury Bill3.86%1.49%
United States Treasury Bill3.98%1.46%
United States Treasury Bill3.79%0.98%
United States Treasury Bill3.78%0.98%
United States Treasury Bill3.76%0.98%
United States Treasury Bill3.88%0.97%
United States Treasury Bill3.79%0.96%
United States Treasury Bill3.83%0.94%
United States Treasury Bill3.78%0.91%
United States Treasury Floating Rate Note 3.962393%3.96%0.73%
United States Treasury Bill3.82%0.65%
United States Treasury Bill3.88%0.57%
United States Treasury Floating Rate Note 3.939393%3.94%0.50%
United States Treasury Bill3.87%0.49%
United States Treasury Bill3.88%0.49%
United States Treasury Bill3.83%0.49%
United States Treasury Bill3.79%0.49%
United States Treasury Bill3.77%0.49%
United States Treasury Bill3.86%0.48%
United States Treasury Floating Rate Note 4.025393%3.95%0.45%
United States Treasury Bill3.98%0.23%
United States Treasury Floating Rate Note 3.930393%3.96%0.11%
Fixed Income Clearing Corp. - State Street Bank and Trust Co. 4.080000%4.08%3.72%
Fixed Income Clearing Corp. - The Bank of New York Mellon 4.080000%4.08%1.94%
Citigroup Global Markets Ltd. 4.020000%4.02%1.50%
JP Morgan Securities LLC 4.080000%4.08%1.43%
Fixed Income Clearing Corp. - Northern Trust 4.080000%4.08%1.30%
Standard Chartered Bank 4.080000%4.08%1.26%
BNP Paribas Fortis SA 4.080000%4.08%1.19%
Banco Bilbao Vizcaya Argentaria SA 4.080000%4.08%1.02%
Goldman Sachs & Co. LLC 4.030000%4.03%0.99%
Canadian Imperial Bank of Commerce 3.950000%3.95%0.97%
Citigroup Global Markets Ltd. 4.080000%4.08%0.89%
Societe Generale SA 4.030000%4.03%0.76%
Royal Bank of Canada 3.870000%3.87%0.67%
Deutsche Bank AG 4.030000%4.03%0.61%
Fixed Income Clearing Corp. - The Bank of New York Mellon 3.950000%3.95%0.54%
Barclays Bank plc 4.080000%4.08%0.52%
Societe Generale SA 3.960000%3.96%0.51%
Royal Bank of Canada 3.900000%3.90%0.51%
Barclays Bank plc 3.950000%3.95%0.49%
Fixed Income Clearing Corp. - Credit Agricole Corporate and Investment Branch / New York 4.080000%4.08%0.39%
Wells Fargo Bank NA 4.080000%4.08%0.39%
BNP Paribas Fortis SA 3.830000%3.83%0.39%
Goldman Sachs & Co. LLC 4.080000%4.08%0.38%
BNP Paribas Fortis SA 4.025000%4.03%0.34%
Barclays Bank plc 3.950000%3.95%0.34%
Societe Generale SA 4.030000%4.03%0.33%
Wells Fargo Bank NA 4.030000%4.03%0.33%
Royal Bank of Canada 3.910000%3.91%0.33%
BNP Paribas Fortis SA 3.980000%3.98%0.27%
Banco Santander SA 4.080000%4.08%0.26%
Credit Agricole Corporate & Investment Bank SA 4.080000%4.08%0.26%
Natixis SA 4.080000%4.08%0.26%
Nomura Securities International Inc. 4.080000%4.08%0.26%
Standard Chartered Bank 4.080000%4.08%0.23%
Canadian Imperial Bank of Commerce 3.970000%3.97%0.21%
Royal Bank of Canada 3.890000%3.89%0.21%
BNP Paribas Fortis SA 3.940000%3.94%0.20%
BNP Paribas Fortis SA 3.930000%3.93%0.20%
Canadian Imperial Bank of Commerce 3.840000%3.84%0.20%
HSBC Securities USA Inc. 4.080000%4.08%0.19%
MUFG Securities Canada Ltd. 4.080000%4.08%0.19%
Bank of Montreal 4.010000%4.01%0.17%
BNP Paribas Fortis SA 4.030000%4.03%0.17%
RBC Dominion Securities Inc. 3.970000%3.97%0.17%
BNP Paribas Fortis SA 3.900000%3.90%0.17%
Bank of Nova Scotia 4.070000%4.07%0.16%
Credit Agricole Corporate & Investment Bank SA 4.030000%4.03%0.16%
Smbc Nikko Securities America 4.050000%4.05%0.16%
Deutsche Bank AG 3.900000%3.90%0.15%
DNB Bank ASA 4.080000%4.08%0.15%
ING Financial Markets LLC 4.030000%4.03%0.13%
Deutsche Bank AG 3.950000%3.95%0.12%
Canadian Imperial Bank of Commerce 3.970000%3.97%0.11%
Credit Agricole Corporate & Investment Bank SA 4.030000%4.03%0.08%
TD Securities USA LLC 4.070000%4.07%0.08%
Royal Bank of Canada 3.900000%3.90%0.08%
Credit Agricole Corporate & Investment Bank SA 4.080000%4.08%0.07%
ING Financial Markets LLC 4.080000%4.08%0.07%
Smbc Nikko Securities America 4.080000%4.08%0.06%
RBC Dominion Securities Inc. 4.080000%4.08%0.03%
Bank of Montreal 4.080000%4.08%0.02%
Credit Agricole Corporate & Investment Bank SA 4.080000%4.08%0.02%
Bank of Montreal 3.760000%3.76%0.01%
Federal Home Loan Banks 3.600000%3.58%0.98%
Federal Home Loan Banks 3.650000%3.61%0.66%
Federal Home Loan Banks 3.650000%3.60%0.59%
Federal Home Loan Banks 3.620000%3.62%0.58%
Federal Home Loan Banks 3.600000%3.57%0.54%
Federal Home Loan Banks 3.650000%3.59%0.50%
Federal Home Loan Banks 3.650000%3.59%0.50%
Federal Home Loan Banks 4.050000%4.12%0.47%
Federal Home Loan Banks 4.035000%4.11%0.42%
Federal Home Loan Banks 4.035000%4.10%0.40%
Federal Home Loan Banks 4.040000%4.13%0.40%
Federal Home Loan Banks 4.040000%4.13%0.38%
Federal Home Loan Banks 3.600000%3.55%0.36%
Federal Home Loan Banks 3.750000%3.89%0.35%
Federal Home Loan Banks 4.050000%4.14%0.33%
Federal Home Loan Banks 1.000000%1.00%0.33%
Federal Home Loan Banks 4.050000%4.02%0.32%
Federal Home Loan Banks 4.050000%4.02%0.30%
Federal Home Loan Banks 4.055000%4.09%0.30%
Federal Home Loan Banks 3.750000%3.89%0.30%
Federal Home Loan Banks 4.050000%4.13%0.29%
Federal Home Loan Banks 4.050000%4.02%0.26%
Federal Home Loan Banks 4.050000%4.02%0.26%
Federal Home Loan Banks 4.050000%4.04%0.26%
Federal Home Loan Banks 3.600000%3.54%0.24%
Federal Home Loan Banks 4.055000%4.10%0.23%
Federal Home Loan Banks 4.230000%4.21%0.22%
Federal Home Loan Banks 1.000000%4.05%0.21%
Federal Home Loan Banks 4.040000%4.13%0.20%
Federal Home Loan Banks 4.000000%4.08%0.20%
Federal Home Loan Banks 4.000000%4.09%0.20%
Federal Home Loan Banks 4.000000%4.09%0.20%
Federal Home Loan Banks 4.200000%4.16%0.20%
Federal Home Loan Banks 4.060000%4.02%0.17%
Federal Home Loan Banks 4.050000%4.02%0.17%
Federal Home Loan Banks 4.060000%4.02%0.17%
Federal Home Loan Banks 4.050000%4.02%0.17%
Federal Home Loan Banks 4.065000%4.02%0.17%
Federal Home Loan Banks 4.055000%4.10%0.17%
Federal Home Loan Banks 4.055000%4.10%0.17%
Federal Home Loan Banks 4.040000%4.14%0.17%
Federal Home Loan Banks 4.045000%4.05%0.17%
Federal Home Loan Banks 4.050000%4.11%0.17%
Federal Home Loan Banks 4.055000%4.03%0.17%
Federal Home Loan Banks 1.000000%4.10%0.17%
Federal Home Loan Banks 4.060000%4.02%0.16%
Federal Home Loan Banks 1.000000%1.00%0.16%
Federal Home Loan Banks 4.230000%4.16%0.16%
Federal Home Loan Banks 4.050000%4.02%0.15%
Federal Home Loan Banks 4.040000%4.14%0.14%
Federal Home Loan Banks 4.050000%4.13%0.13%
Federal Home Loan Banks 4.050000%4.02%0.12%
Federal Home Loan Banks 4.050000%4.12%0.12%
Federal Home Loan Banks 4.050000%4.04%0.12%
Federal Home Loan Banks 4.050000%4.04%0.12%
Federal Home Loan Banks 4.050000%4.13%0.12%
Federal Home Loan Banks 4.230000%4.21%0.12%
Federal Home Loan Banks 4.230000%4.21%0.12%
Federal Home Loan Banks 4.050000%4.02%0.11%
Federal Home Loan Banks 4.050000%4.02%0.11%
Federal Home Loan Banks 4.060000%4.14%0.11%
Federal Home Loan Banks 4.060000%4.02%0.10%
Federal Home Loan Banks 4.035000%4.11%0.10%
Federal Farm Credit Banks Funding Corp. 4.035000%4.11%0.10%
Federal Home Loan Banks 4.040000%4.14%0.10%
Federal Home Loan Banks 4.045000%4.12%0.10%
Federal Home Loan Banks 4.045000%4.04%0.10%
Federal Home Loan Banks 4.055000%4.04%0.10%
Federal Home Loan Banks 4.050000%4.04%0.10%
Federal Home Loan Banks 4.050000%4.02%0.09%
Federal Home Loan Banks 4.050000%4.02%0.09%
Federal Home Loan Banks 4.050000%4.02%0.09%
Federal Home Loan Banks 4.050000%4.02%0.09%
Federal Home Loan Banks 4.050000%4.02%0.09%
Federal Home Loan Banks 4.050000%4.02%0.09%
Federal Home Loan Banks 4.050000%4.14%0.09%
Federal Home Loan Banks 4.050000%4.12%0.09%
Federal Home Loan Banks 4.055000%4.11%0.09%
Federal Home Loan Banks 4.055000%4.14%0.09%
Federal Home Loan Banks 4.060000%4.02%0.08%
Federal Home Loan Banks 4.060000%4.02%0.08%
Federal Home Loan Banks 4.055000%4.11%0.08%
Federal Home Loan Banks 4.055000%4.10%0.08%
Federal Home Loan Banks 4.055000%4.16%0.08%
Federal Home Loan Banks 4.045000%4.12%0.08%
Federal Home Loan Banks 4.055000%4.04%0.08%
Federal Home Loan Banks 4.060000%4.02%0.07%
Federal Home Loan Banks 4.050000%4.02%0.07%
Federal Home Loan Banks 4.055000%4.14%0.07%
Federal Farm Credit Banks Funding Corp. 4.075000%4.16%0.07%
Federal Home Loan Banks 4.065000%4.04%0.07%
Federal Home Loan Banks 4.240000%4.13%0.07%
Federal Home Loan Banks 4.055000%4.03%0.06%
Federal Farm Credit Banks Funding Corp. 4.045000%4.02%0.06%
Federal Home Loan Banks 4.050000%4.02%0.06%
Federal Home Loan Banks 4.045000%4.12%0.06%
Federal Home Loan Banks 4.055000%4.04%0.05%
Federal Home Loan Banks 4.045000%4.11%0.05%
Federal Home Loan Banks 4.050000%4.04%0.05%
Federal Home Loan Banks 4.050000%4.02%0.04%
Federal Home Loan Banks 4.050000%4.02%0.04%
Federal Home Loan Banks 4.055000%4.10%0.04%
Federal Home Loan Banks 4.070000%4.04%0.04%
Federal Home Loan Banks 4.055000%4.15%0.04%
Federal Home Loan Banks 4.055000%4.04%0.04%
Federal Home Loan Banks 4.050000%4.04%0.04%
Federal Home Loan Banks 4.045000%4.04%0.04%
Federal Home Loan Banks 4.045000%4.05%0.04%
Federal Home Loan Banks 4.060000%4.04%0.04%
Federal Farm Credit Banks Funding Corp. 4.065000%4.04%0.04%
Federal Home Loan Banks 4.055000%4.04%0.04%
Federal Home Loan Banks 4.065000%4.02%0.04%
Federal Home Loan Banks 4.070000%4.03%0.04%
Federal Home Loan Banks 1.000000%4.09%0.04%
Federal Home Loan Banks 4.050000%4.02%0.03%
Federal Home Loan Banks 4.055000%4.10%0.03%
Federal Home Loan Banks 4.060000%4.10%0.03%
Federal National Mortgage Association 4.190000%4.14%0.03%
Federal Home Loan Banks 4.060000%4.02%0.02%
Federal Home Loan Banks 4.050000%4.02%0.02%
Federal Home Loan Banks 4.060000%4.15%0.02%
Federal Farm Credit Banks Funding Corp. 4.055000%4.04%0.02%
Federal Farm Credit Banks Funding Corp. 4.055000%4.01%0.01%
Federal Farm Credit Banks Funding Corp. 4.070000%4.02%0.01%
Federal Farm Credit Banks Funding Corp. 4.045000%4.15%0.01%
Federal Farm Credit Banks Funding Corp. 4.040000%4.13%0.01%
Federal Farm Credit Banks Funding Corp. 4.060000%4.04%0.01%
Federal Farm Credit Banks Funding Corp. 4.050000%4.02%0.00%
Federal Home Loan Bank Discount Notes3.89%0.82%
Federal Home Loan Bank Discount Notes3.91%0.65%
Federal Home Loan Bank Discount Notes3.90%0.62%
Federal Home Loan Bank Discount Notes3.98%0.58%
Federal Home Loan Bank Discount Notes3.92%0.56%
Federal Home Loan Bank Discount Notes3.93%0.52%
Federal Home Loan Bank Discount Notes3.77%0.48%
Federal Home Loan Bank Discount Notes3.81%0.45%
Federal Home Loan Bank Discount Notes3.95%0.44%
Federal Home Loan Bank Discount Notes3.97%0.40%
Federal Home Loan Bank Discount Notes3.92%0.40%
Federal Home Loan Bank Discount Notes3.81%0.37%
Federal Home Loan Bank Discount Notes3.89%0.27%
Federal Home Loan Bank Discount Notes3.94%0.26%
Federal Home Loan Bank Discount Notes3.90%0.24%
Federal Home Loan Bank Discount Notes3.92%0.23%
Federal Home Loan Bank Discount Notes3.79%0.23%
Federal Home Loan Bank Discount Notes3.91%0.22%
Federal Home Loan Bank Discount Notes3.96%0.21%
Federal Home Loan Bank Discount Notes3.94%0.21%
Federal Home Loan Bank Discount Notes3.91%0.21%
Federal Home Loan Bank Discount Notes3.98%0.20%
Federal Home Loan Bank Discount Notes3.96%0.20%
Federal Home Loan Bank Discount Notes3.78%0.20%
Federal Home Loan Bank Discount Notes3.97%0.18%
Federal Home Loan Bank Discount Notes3.89%0.17%
Federal Home Loan Bank Discount Notes3.78%0.17%
Federal Home Loan Bank Discount Notes3.88%0.15%
Federal Home Loan Bank Discount Notes3.98%0.15%
Federal Home Loan Bank Discount Notes3.95%0.15%
Federal Home Loan Bank Discount Notes3.92%0.13%
Federal Home Loan Bank Discount Notes3.80%0.12%
Federal Home Loan Bank Discount Notes3.92%0.09%
Federal Home Loan Bank Discount Notes4.01%0.09%
Federal Home Loan Bank Discount Notes3.80%0.09%
Federal Home Loan Bank Discount Notes3.90%0.08%
Federal Farm Credit Discount Notes3.99%0.08%
Federal Farm Credit Discount Notes3.97%0.08%
Federal Home Loan Bank Discount Notes3.93%0.08%
Federal Home Loan Bank Discount Notes3.77%0.08%
Federal Home Loan Bank Discount Notes3.93%0.07%
Federal Home Loan Bank Discount Notes3.92%0.07%
Freddie Mac Discount Notes3.92%0.06%
Federal Home Loan Bank Discount Notes3.95%0.06%
Federal Home Loan Bank Discount Notes3.91%0.04%
Freddie Mac Discount Notes3.91%0.04%
Federal Home Loan Bank Discount Notes3.95%0.03%
Federal Home Loan Bank Discount Notes3.93%0.03%
Federal Home Loan Bank Discount Notes3.96%0.02%
Federal Home Loan Bank Discount Notes3.96%0.02%
Federal Home Loan Bank Discount Notes3.93%0.02%
Federal Farm Credit Discount Notes3.95%0.02%
Federal Home Loan Bank Discount Notes3.79%0.02%
Federal Home Loan Bank Discount Notes3.78%0.02%
Federal Farm Credit Discount Notes3.84%0.01%