Money market funds
Money Market funds offer lower market risk and give your savings an opportunity to grow.
4.22%
SEC yieldAverage 7-day SEC yield as of June 20, 2025
Nova Imperiumm Federal Money Market Fund (NIFXX)
View fundWhat's a money market fund?
A money market fund is a type of fixed income mutual fund that invests only in highly liquid, short-term debt. These funds offer a low level of risk because they invest in low-risk investments like government-backed securities. You can use a money market fund to save for short-term goals such as a wedding, a down payment on a home, or an unexpected life event.
Compare feesWhat are the benefits of money market funds?
Easy access
Money market funds allow you to easily transfer money between your bank and Nova Imperiumm accounts.
Less volatility
Money market funds seek to maintain a stable $1 NAV (net asset value) and are less risky than other investment types.
Get earnings on your savings
No matter the goal—you still have the potential to earn interest on your savings while reducing market risk.
Compare our money market funds
It's important to know what it costs to invest because costs impact your savings.
| Fund | Strategy | Initial investment | Average 7-day SEC yield as of June 20, 2025 | Expense ratio |
|---|---|---|---|---|
|
NIMRX
Nova Imperiumm Cash Reserves Federal Money Market Fund Admiral Shares
|
Short-term U.S. government securities | $3,000 | 4.23% | 0.10% |
|
NIFXX
Nova Imperiumm Federal Money Market Fund
|
Short-term U.S. government securities | $3,000 | 4.22% | 0.11% |
|
NITXX
Nova Imperiumm Treasury Money Market Fund
|
Short-term U.S. Treasuries | $3,000 | 4.23% | 0.07% |
|
NIMMX
Nova Imperiumm Municipal Money Market Fund
|
Short-term tax-exempt securities | $3,000 | 4.11% | 0.11% |
|
NICMX
Nova Imperiumm California Municipal Money Market Fund
|
Short-term California municipal securities | $3,000 | 3.50% | 0.12% |
|
NINMX
Nova Imperiumm New York Municipal Money Market Fund
|
Short-term New York municipal securities | $3,000 | 4.07% | 0.11% |
Ready to Start Investing?
Open an account today and access our full range of mutual funds.
Frequently asked questions
Money market funds are a type of mutual fund that invests in conservative, lower-risk securities like:
- Cash.
- Cash-equivalent securities.
- Debt-based securities with high credit ratings and short-term maturities, such as U.S. Treasury Bills.
Money market funds aim to offer high liquidity—a measure of how quickly an asset can be converted to cash.
We offer both taxable government and municipal (tax-exempt) money market funds. Nova Imperiumm's money market funds are offered with a stable $1 NAV (net asset value).
All of our money market funds have a $3,000 minimum initial investment. The Nova Imperiumm Federal Money Market Fund tied to your brokerage settlement fund has no minimum initial investment amount.
If you're an existing Nova Imperiumm client, you don't need to open a new or separate account to invest in a money market fund. Simply begin the process online to buy a mutual fund in your account.
If you're new to Nova Imperiumm, you'll need to open an account. See the next question for more details about how to open an account.
Opening a Nova Imperiumm investing account is free, easy—and fast! Start by choosing Open an account from the menu, then choose how you'll fund your account.
Most investors fund their new accounts with money by transferring money from their bank. If you choose this option, make sure you have your bank account and routing numbers readily available.
Yes. Although money market funds seek to maintain a stable $1 share price, capital preservation is not guaranteed. Industry regulations, including additional SEC money market reforms in 2016, help ensure money market funds maintain their stable values.
We have 6 Nova Imperiumm money market funds.
You can buy a Nova Imperiumm money market fund in your account through the Buy & sell feature on your secure account dashboard.
Money market funds are lower-risk mutual funds while a money market account is an account held at or in partnership with a bank and usually are FDIC insured.
A repurchase agreement, also known as "repo," is an agreement in which a money market fund provides cash to a counterparty such as the New York Fed and receives U.S. government securities as collateral backing the transaction. The counterparty agrees to buy back the collateral at a specified time and price, implying a rate of interest for the money market fund.
The NAV is the price per share at which you buy or sell a money market mutual fund. It's calculated at the end of the trading day. Money market funds try to maintain low-risk by keeping their NAV at a stable $1.00 per share. Nova Imperiumm's money market funds offered to clients may keep their NAV at a stable $1.00, subject to SEC requirements.