I'm curious why Schwab has so many MM funds - any ideas?
Fund 1 holds corporate debt, so that's different from the other 3, that don't.
But funds 2, 3, 4 all have the same yield. And they are all >70% US Gov (so are all state tx free in CA).
Why have 3 funds (2,3,4) that are identical in yield, and differ only by the % of US Gov. Repos? What is the significance of Gov. Repos?
1) SWVXX: only 30% US Gov. - so isn't tax free in CA. 5.19%
2) SNVXX: 36% Gov. Repos, 24% Treasury Repos, 6% treasury debt 5.02%
3) SNOXX: 70% Gov Repos, 30% Treasury Debt 5.03%
4) SNSXX: 100% Treasury debt 5.03%
sorry, I must have been sleeping in my economics class in school (was too long ago to remember anyway)
Fund 1 holds corporate debt, so that's different from the other 3, that don't.
But funds 2, 3, 4 all have the same yield. And they are all >70% US Gov (so are all state tx free in CA).
Why have 3 funds (2,3,4) that are identical in yield, and differ only by the % of US Gov. Repos? What is the significance of Gov. Repos?
1) SWVXX: only 30% US Gov. - so isn't tax free in CA. 5.19%
2) SNVXX: 36% Gov. Repos, 24% Treasury Repos, 6% treasury debt 5.02%
3) SNOXX: 70% Gov Repos, 30% Treasury Debt 5.03%
4) SNSXX: 100% Treasury debt 5.03%
sorry, I must have been sleeping in my economics class in school (was too long ago to remember anyway)
Statistics: Posted by LISD — Mon Mar 04, 2024 8:21 pm — Replies 2 — Views 407