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Vanguard New York Tax-Exempt Money Market Fundâdesigned only for New York residentsâseeks to provide federal and New York state tax-exempt income and preserve shareholdersâ principal investment by maintaining a share price of $1. As such it is considered one of the most conservative investment options offered by Vanguard. Although the fund invests in short-term, high-quality securities, the amount of income that a shareholder may receive will be largely dependent on the current interest-rate environment and the availability of eligible New York municipal securities. Investors in a higher tax bracket who have a short-term savings goal and seek a competitive tax-free yield may wish to consider this option. Installment loan is a consumer loan in which principal and interest are paid off through equal monthly payments. Money funds have achieved price stability by holding liquid short-term investments such as high-rated commercial paper, government-backed financial instruments and U.S. Treasury securities. SEC regulations now require that money fund managers hold in their portfolio short-term debt obligations and cash instruments with a weighted average maturity of 90 days or less. Same Day Online Payday Advance
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