VYFXX yield: 2.28% as filed, and what it keeps after tax
VYFXX is the ticker of Vanguard New York Municipal Money Market Fund. Here is what it paid and what you keep after tax. Yield reported by the fund for October 30, 2026, its last business day in the October 2026 report; holdings as of October 31, 2026, the date of that report. The fund’s own site shows today’s figure. Not investment advice.
Example result
VYFXX after federal and New York tax
2.28%
$1,140 a year kept on $1,140 of dividends
| Dividends before tax | $1,140 |
| Federal tax at 24.0% | −$0 |
| State tax at 6.00% $1,140 of the $1,140 is free of New York tax | −$0 |
Yield reported by the fund for October 30, 2026; yields change daily. Estimate, not tax or investment advice. Nothing you type leaves your browser. How it is computed
What the filings say about VYFXX
Vanguard New York Municipal Money Market Fund plays the same role for New York residents that the California fund plays for Californians: dividends from New York state and local short-term debt, free of federal income tax, of New York State income tax and, for residents of the city, of New York City income tax. That third layer matters. A New York City resident in the 6.85% state bracket also pays up to 3.876% to the city on a fully taxable dividend, so a taxable fund can lose close to half its yield above the 32% federal bracket. VYFXX reported 2.28% for October 30, 2026. Compare that with the Treasury fund VUSXX at 3.89%: its dividend is exempt from state and city tax but not from federal tax. On this page the calculator has a New York City switch so the comparison includes the city rate.
VYFXX 7-day yield as filed, June 1, 2026 to October 30, 2026
| Last day reported in the month | 7-day net yield |
|---|---|
| June 30, 2026 | 2.62% |
| July 31, 2026 | 2.32% |
| August 31, 2026 | 2.31% |
| September 30, 2026 | 3.26% |
| October 30, 2026 | 2.28% |
A fund reports these yields once a month, within five business days of month end. Between two reports the figure here ages: by the time the October 2026 report is replaced, it is up to five weeks old. The fund’s own site shows today’s figure.
What VYFXX held on October 31, 2026
| Holding | Share of portfolio | Exempt from state tax? |
|---|---|---|
| Municipal securities | 98.2% | Federal: yes; state: usually only your own state |
| Company and bank debt (commercial paper, certificates of deposit) and other | 1.8% | No |
VYFXX at a glance
| Fund type | Single-state municipal (NY) money market fund; category on the filing: Single State |
| Legal entity that files the fund’s report | Vanguard New York Tax-Free Funds |
| Assets in this share class | $3.7 billion |
| Gross 7-day yield of the fund | 2.39% |
| Expenses taken from the yield (expense drag) | 0.11% |
| Average days until holdings repay or reset their rate (weighted average maturity) | 14 days (legal limit 60) |
| Average days until holdings are paid back in full (weighted average life) | 15 days (legal limit 120) |
| Minimum initial investment on file | $3,000 |
Where VYFXX ranks after tax
Among the 283 share classes in the data, for a single filer with $120,000 of taxable income and $50,000 in the fund:
| State | Rank | Yield after tax | Kept a year |
|---|---|---|---|
| California | 244 of 283 | 2.07% | $1,034 |
| New York | 229 of 283 | 2.28% | $1,140 |
| Texas | 243 of 283 | 2.28% | $1,140 |
The rank compares VYFXX with every other fund for a resident of that state. In a state with no income tax, such as Texas, funds whose dividends are taxed by states catch up, so the rank can be lower even though you keep more. In California, the fund ranked first kept $482 a year more than VYFXX on $50,000.
A rank of past yields, not a recommendation, and this site does not say which fund to hold. Moving cash to another fund can involve a minimum or a fee set by your brokerage. Rank every fund for your situation.
What to watch in VYFXX
The filed yield ranged from 1.51% on July 8, 2026 to 3.37% on October 5, 2026 between June and October, wider than any Treasury fund, and expenses on the filed figures were about 0.11%.
Questions about this page
Tap a question to see the answer.
Is VYFXX exempt from New York City tax?
Interest from New York State and municipal obligations is exempt from New York State and New York City personal income tax for residents, and a fund like VYFXX passes that exemption to shareholders on the part of dividends it reports as New York exempt-interest. The fund’s year-end letter gives the share.
VYFXX or VUSXX for a New Yorker?
VUSXX yielded 3.89% and is free of state and city tax but federally taxed; VYFXX yielded 2.28% and is free of all three. On the filed yields VYFXX keeps more only when federal tax takes more than 41% of a VUSXX dividend, more than the top federal rate with the 3.8% surtax. Run your own brackets in the calculator.
What does VYFXX hold?
At the end of the reported month the schedule of holdings showed 98% municipal securities, mainly variable-rate demand notes that can be sold back at par on short notice, with a weighted average maturity of 14 days. Rule 2a-7 caps that average at 60 days for every money market fund.
Other pages
Filings, rules and tax schedules behind this page
- Form N-MFP report of Vanguard New York Tax-Free Funds for October 31, 2026, filed November 6, 2026 (as filed)
- Securities and Exchange Commission, Form N-MFP data sets (monthly, as filed)
- 17 CFR 270.2a-7, money market funds (rule 2a-7)
- IRS Revenue Procedure 2025-32, 2026 tax rate tables
- California Franchise Tax Board, 2025 Schedule CA (540) instructions: funds with 50% of assets in U.S. or California obligations
- New York State Department of Taxation and Finance, 2025 Form IT-201 instructions (line 28, rate schedules)
Compiled by Radif Partners
Independent publisher of money market fund yield and after-tax calculators built on Form N-MFP filings
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Fund data as filed for 2026, site checked on