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Vanguard Money Market Portfolio

Overview

Unit Price as of 04/29/2025 $11.82
Change $0.00 0.00%
Expense Ratio as of 04/29/2025 0.66% †
Inception Date 11/16/2007

Investment Objective

The Portfolio seeks income consistent with the preservation of principal.

Investment Strategy

The Portfolio invests 100% of its assets in Vanguard Federal Money Market Fund. The Fund invests primarily in high-quality, short-term money market instruments issued by the U.S. government and its agencies and instrumentalities. Although these securities are high-quality, most of the securities held by the Fund are neither guaranteed by the U.S. Treasury nor supported by the full faith and credit of the U.S. government. The Fund maintains a dollar-weighted average maturity of 60 days or less and a dollar-weighted average life of 120 days or less.

Under the new money market reforms, government money market funds are required to invest at least 99.5% of their total assets in cash, government securities, and/or repurchase agreements that are collateralized solely by government securities or cash (collectively, government securities). The Fund generally invests 100% of its assets in government securities and therefore will satisfy the 99.5% requirement for designation as a government money market fund.

You could lose money by investing in the Income and Money Market Portfolio's investments in the Vanguard Federal Money Market Fund. Although the money market fund in which your investment option invests (the "underlying fund") seeks to preserve its value at $1.00 per share, the underlying fund cannot guarantee it will do so. An investment in this investment option is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The underlying fund's sponsor has no legal obligation to provide financial support to the underlying fund, and you should not expect that the sponsor will provide financial support to the underlying fund at any time.

Investment Risks

The Portfolio primarily is subject to income risk. It also has low levels of credit risk, manager risk, and derivatives risk.

Average Annual Returns - Updated Monthly as of 03/31/2025

Name 1 year 3 year 5 year 10 year Since Inception 11/16/2007
Name Vanguard Money Market Portfolio † 1 year 4.43% 3 year 3.74% 5 year 2.09% 10 year 1.36% Since Inception 11/16/2007 0.95%
Name Spliced HI Money Market Index** 1 year 4.47% 3 year 3.84% 5 year 2.30% 10 year 1.50% Since Inception 11/16/2007 1.02%

**The Spliced HI Money Market Index consists of the FTSE 3 Month Treasury Bill Index from November 16, 2007 to October 7, 2016 and the US Government Money Markets Average thereafter.

Annual Investment Returns

Year Ended Vanguard Money Market Portfolio
Year Ended 2024 Vanguard Money Market Portfolio 4.66%
Year Ended 2023 Vanguard Money Market Portfolio 4.49%
Year Ended 2022 Vanguard Money Market Portfolio 1.04%
Year Ended 2021 Vanguard Money Market Portfolio -0.38%
Year Ended 2020 Vanguard Money Market Portfolio 0.00%

Historical Prices

04/30/2025 $11.83
04/29/2025 $11.82
04/28/2025 $11.82
04/25/2025 $11.82
04/24/2025 $11.82

Search for more historical price information

† The Program Manager may voluntarily limit the Vanguard Money Market Portfolio's Plan Management Fee in an effort to maintain a net yield of 0.00%.

Index performance is provided as a benchmark but is not illustrative of any particular investment. An investment cannot be made in an index.

The performance data shown represents past performance. Past performance - especially short-term past performance - is not a guarantee of future results. Investment returns and principal value will fluctuate, so investors' units, when sold, may be worth more or less than their original cost. Current performance may be higher or lower than the performance data cited. For performance data current to the most recent month-end click here.