VMFXX vs FDLXX
Side-by-side 7-day yields from the July 2026 month-end N-MFP filings.
Data: July 2026 month-end SEC filings
All figures are from the July 2026 month-end Form N-MFP filings (report date ) - money-market funds must file within five business days of month-end. Regulatory data, not live quotes.
- As of the July 2026 month-end filings, VMFXX's 7-day yield of 3.62% is 0.26 points above FDLXX's 3.36%.
| VMFXX | FDLXX | |
|---|---|---|
| Fund | Vanguard Federal Money Market Fund | Fidelity Treasury Only Money Market Fund |
| Category | Government | Government |
| 7-day net yield | 3.62% | 3.36% |
| Yield as of | ||
| Net assets (class) | $373.1B | $13.7B |
| Series gross 7-day yield | 3.73% | 3.77% |
| Implied expense gap (gross − net) | 0.11% | 0.41% |
| WAM / WAL (days) | 25 / 56 | 49 / 98 |
| Daily / weekly liquid assets | 48.7% / 68.5% | 100.0% / 100.0% |
| Minimum initial investment | $3,000 | None |
| 2025 USGO income (state tax) | 66.61% | 98.67% |
| Manager | Vanguard Money Market Reserves | Fidelity Hereford Street Trust |
Five-year yield history
FAQ
Which has a higher 7-day yield, VMFXX or FDLXX?
VMFXX - as of the July 2026 month-end SEC Form N-MFP filings, VMFXX's 7-day net yield of 3.62% is 0.26 percentage points above FDLXX's 3.36%.
Numbers only - this site makes no recommendation between funds. Both rows come from each fund's own July 2026 month-end Form N-MFP filing; yields move daily, so check each fund company for live figures (links on the VMFXX and FDLXX pages).