Yield Trends: Compare current yield vs prior year to understand rate direction.
Expense Ratio: Lower fees help preserve earnings.
Liquidity: Most MMFs allow quick access to cash.
Fund Type: Treasury = safer, Prime = higher yield potential.
State Tax Efficiency: Treasury funds may be exempt from PA state income tax.
If you live in Pennsylvania, Treasury money market funds can provide better after-tax yield due to state tax exemption.
| Fund Company | Fund Name | Expense Ratio | 2025 Avg Yield | 7-Day SEC Yield | As Of | Fund Type | PA State Tax Advantage |
|---|---|---|---|---|---|---|---|
| Vanguard | Vanguard Treasury Money Market Fund (VUSXX) | 0.09% | ~5.10% | 3.62% | 03/17/2026 | Treasury | Yes (Generally Exempt) |
| Vanguard | Vanguard Federal Money Market Fund (VMFXX) | 0.11% | ~5.20% | -- | -- | Government | Partial |
| Vanguard | Vanguard Cash Reserves Federal Money Market Fund (VMRXX) | 0.10% | ~5.15% | -- | -- | Government | Partial |
| Schwab | Schwab Value Advantage Money Fund (SWVXX) | 0.34% | ~5.05% | -- | -- | Prime | No |
| Fidelity | Fidelity Government Money Market Fund (SPAXX) | 0.42% | ~4.95% | -- | -- | Government | Partial |
2025 Avg Yield is estimated. Treasury funds are generally exempt from PA state income tax; government funds may be partially exempt depending on holdings.