![]() ![]() ![]() The company earned a fantastic 19% return on equity. EPS growth was even faster at 39% to $0.97 from $0.70 last year. In the company's second quarter, net revenue rose by 13% to $5.1 billion while net income excluding one-time items rose 34% to $1.98 billion. I would recommend continuing to own the stock. While this has left the stock with a somewhat higher multiple, SCHW is well positioned to benefit from rising interest rates, driving material earnings upside. Considering the performance of many bank stocks, insurers, and other brokerages like Robinhood ( HOOD ), SCHW stands out as a relatively strong performer. Shares of The Charles Schwab Corporation ( NYSE: SCHW) have held in quite well this year considering all of the market turmoil, flat over the last twelve months, though they are down 20% from their high. Its $16.4 billion in assets include 780 holdings with an average maturity of 10 days.JHVEPhoto/iStock Editorial via Getty Images Its objective is to provide current income that’s exempt from federal income tax while maintaining liquidity and a $1 NAV. The Vanguard Municipal Money Market Fund is one of Vanguard’s most conservative investments. Vanguard Municipal Money Market Fund (VMSXX) Over 25% of assets may be invested in financial services industries. government securities and repurchase agreements - the latter of which currently make up 59.32% of the portfolio. dollar-denominated money market securities of domestic and foreign issuers as well as U.S. This fund seeks to achieve its goals of high current income and principal and liquidity preservation by investing in U.S. Top 10 holdings include the Federal Reserve Bank of New York (27.99% of portfolio), J.P. It aims to achieve the highest current income possible while preserving capital and liquidy. Schwab Value Advantage Money Fund - Investor Shares (SWVXX)Īs an actively managed fund, the Schwab Value Advantage Money Fund has a weighted average maturity of just 18.2 days. Minimum Investment: $1,000 for initial investment, then $50.The fund has a highly experienced management team with a combined 81 years of industry experience and 43 years of experience managing this fund. The JPMorgan Liquid Assets Money Market Fund invests in high-quality short-term assets, such as time deposits (30.3% of portfolio), CDs (28.6%) and financial company commercial paper (18.3%). Investing for Everyone JPMorgan Liquid Assets Money Market Fund (MJLXX) Minimum Investment: $500 with $100 automatic investment, $2,500 without automatic investment.It does that by investing in short-term Treasury securities, income from which is exempt from state income tax. Secondarily, it looks to earn shareholders the highest rate of return consistent with safety and liquidity. This actively managed fund’s primary goal is to provide maximum safety and liquidity. government repurchase agreements make up most of the rest - 24.22% and 66.14%, respectively.Īmerican Century Investments Capital Preservation Fund (CPFXX) While the fund’s primary benchmark is the three-month Treasury bill, T-bills make up less than 3% of the portfolio. The goal of the Fidelity Government Cash Reserves fund is to provide a high level of current income while preserving capital and liquidity. Fidelity Government Cash Reserves (FDRXX) ![]()
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