JPMorgan Trust I - JPMorgan Federal Money Market Fund
VFPXX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 277 Park Avenue New York NY 10172
- CIK
- 0001217286
- Website
- am.jpmorgan.com
- Similar Companies
- Business
- JPMorgan Federal Money Market Fund Premier Shares (VFPXX) is a money market mutual fund that seeks current income consistent with the preservation of capital and maintenance of liquidity by investing primarily in U.S. Treasury bills, notes, and bonds, as well as other U.S. government obligations exempt from state and local income taxes. The fund maintains a stable net asset value of $1.00 per share, complies with SEC Rule 2a-7 requirements, and features a dollar-weighted average maturity not exceeding 60 days; it holds a portfolio concentrated in U.S. Treasury debt (60%), U.S. government agency debt categorized as coupon-paying notes (29%), and no-coupon discount notes (11%), with daily and weekly liquid assets at 61.57% and 68.22%, respectively, as of August 2025. Launched on April 20, 1994, with the Premier share class inception on April 22, 1994, VFPXX operates within JPMorgan Trust I, part of J.P. Morgan Asset Management, and targets institutional investors with a $1 million minimum investment, an expense ratio of 0.43%, and a Moody's Aaa-mf rating. The fund supports temporary or medium-term cash investments, seasonal operating cash needs, automated cash sweeps, and liquidity components of portfolios, with assets under management at approximately $8.51 billion. In recent developments, J.P. Morgan Asset Management, the fund's sponsor, launched its first tokenized money market fund, My OnChain Net Yield Fund (MONY), on the Ethereum blockchain in December 2025, seeding it with $100 million of its own capital before opening to institutional and high-net-worth investors with a $1 million minimum; this initiative leverages the Kinexys Digital Assets platform for tokenized short-term debt holdings and daily interest payouts redeemable in cash or USDC stablecoin. The broader JPMorgan Chase organization marked a major operational milestone in October 2025 by opening its new global headquarters at 270 Park Avenue in New York City, enhancing infrastructure for asset management operations including money market funds like VFPXX. These advancements reflect ongoing strategic expansions in digital assets and facilities amid a competitive yield environment, with VFPXX's 7-day SEC yield at 3.98% (subsidized and unsubsidized) and 30-day average yield at 3.91% as of August 2025. The fund, headquartered through its trust at 270 Park Avenue, New York, New York, primarily serves U.S. institutional clients with a focus on tax-exempt federal securities.