VMSXX – Vanguard Municipal Money Market Inv Investment Strategy | Morningstar

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Strategy

The investment seeks to provide current income that is exempt from federal personal income taxes while maintaining liquidity and a stable share price of $1. The fund invests in a variety of high-quality, short-term municipal debt securities. Under normal circumstances, it invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal securities whose income is exempt from federal income tax. The fund may count securities that generate income subject to the federal alternative minimum tax (AMT) toward the 80% investment requirement.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
VMSXX	Vanguard Municipal Money Market Fund Investor Shares	—	Open	—	—	Jun 10, 1980	$18.23B	0.110%	—	$3,000	$401.21M

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