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Questions about Vanguard Prime Money Market
Old 11-30-2018, 10:42 AM   #1
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Questions about Vanguard Prime Money Market

I have a lot of cash sitting in Vanguard Prime MM. I know MM accounts are not FDIC insured, and could technically drop below the $1 per share price they aim to maintain. So I looked at the holdings and saw that 61% of the funds money is in "Yankee/Foreign". Does anyone know what this means? Is it foreign bonds from other countries? What do they mean by "Yankee"?
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Old 11-30-2018, 01:03 PM   #2
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I think they are financial instruments issued by foreign banks that are denominated in USD.... could be bonds, CDs or whatever.
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Old 11-30-2018, 02:38 PM   #3
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Originally Posted by pb4uski View Post
I think they are financial instruments issued by foreign banks that are denominated in USD.... could be bonds, CDs or whatever.

Yankee market is foreign issuer but dollar denominated debt instruments.
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Old 11-30-2018, 07:57 PM   #4
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Old 11-30-2018, 11:32 PM   #5
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I thought it was what Southern folks called the Northern banking stuff
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Old 12-01-2018, 05:13 AM   #6
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You can easily buy t-bills. A little more yield, no commission, and you know what you're getting. Plus they're easily sold.
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Old 12-01-2018, 07:14 AM   #7
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I thought it was what Southern folks called the Northern banking stuff
Yeah - sounds like something right out of the civil war!
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Old 12-02-2018, 08:23 AM   #8
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So I looked at the holdings and saw that 61% of the funds money is in "Yankee/Foreign". Does anyone know what this means? Is it foreign bonds from other countries?
The SEC filings for Vanguard Prime show details of every holding. This one was filed last week (2018-11-28) for the period (2018-06-30):
https://www.sec.gov/Archives/edgar/d...rimary_doc.xml

Lots of information here. For each holding in Part C, entry C.6 shows the type of holding and entry C.19 for "The percentage of the money market fund's net assets invested in the security, to the nearest hundredth of a percent."
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