Money Market Funds That Invest in Treasuries
- Treasury money market funds for safety.cash image by Alexey Klementiev from Fotolia.com
Money market funds hold short term debt instruments to earn competitive rates and maintain stability of principal. Money market funds that own only U.S. Treasuries hold the safest money market instruments. Treasury interest has the bonus feature of being exempt from state income taxes. The very low rates of 2009 and 2010 had many of these funds paying yields at or near zero percent. Fund data is as of Spring 2010. - Allegiant Funds has a Treasury only money market fund, the Allegiant Treasury MMF, Class A. The fund has $100 million in assets and an expense ratio of 0.18 percent. The minimum initial investment is $1,000.
Allegiant Funds
800-622-3863
allegiantfunds.com - The AIM family of mutual funds has the AIM STIT Treasury Personal, Treasury only money market fund. The fund has assets of $200 million and an expense ratio of 0.40 percent. The minimum initial investment is $1,000.
AIM Investments
800-659-1005
aiminvestments.com - Columbia Management offers the Columbia Treasury Reserves money market fund. The fund has $60 million in assets and a 0.13 percent expense ratio. The minimum initial investment is $1,000.
Columbia Management
800-345-661
columbiafunds.com - Dreyfus funds calls their Treasury only money market fund the Dreyfus Treasury Prime Cash Management Fund. The fund has $3.8 billion in assets and an expense ratio of 0.21 percent. The minimum initial investment is $10,000.
Dreyfus Corporation
800-346-3621
dreyfus.com - Federated Investments manages a very large number of money market funds including over 80 funds available to individual investors. The Federated Treasury Cash series holds $1.3 billion in assets and has expenses of 0.16 percent. The minimum investment is $10,000.
Federated
800-341-7400
federatedinvestors.com - Mutual fund giant Fidelity offers a Treasury only money market fund, the Fidelity US Treasury MMF. The fund is available to individual investors with a minimum initial deposit of $25,000. The fund has assets of $5.5 billion and a reported expense ratio of 0.40 percent.
Fidelity Investments
800-343-3548
fidelity.com - Northern Funds offers the Northern Trust Treasury Money Market Fund. The fund has assets of $3.7 billion and a 0.40 percent expense ratio. The minimum investment in the fund is $2,000.
Northern Funds
800-595-9111
northernfunds.com - Discount broker Schwab offers the Schwab US Treasury Money Fund. The fund has $19.5 billion in assets and an expense ratio of 0.40 percent. The minimum investment for the fund is $500.
Schwab
800-435-4000
schwab.com/schwabfunds - Mutual funds manager T Rowe Price offers the T Rowe Price US Treasury Money Fund. The fund has $1.8 billion of assets and expenses of 0.40 percent. The minimum investment in the fund is $2,500.
T Rowe Price
800-225-5132
troweprice.com - Insurer USAA offers the USAA Treasury Money Market Trust in their family of mutual funds. The fund has assets of $182 million and an expense ratio of 0.10 percent. The minimum initial investment for the fund is $3,000.
USAA
800-759-8722
usaa.com
Allegiant Treasury MMF
AIM STIT Treasury Personal
Columbia Treasury Reserves
Dreyfus Treasury Prime Cash Management
Federated Treasury Cash
Fidelity US Treasury MMF
Northern Trust Treasury Money Market
Schwab US Treasury Money Fund
T Rowe Price US Treasury Money
USAA Treasury Money MarketTrust
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