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You are correct a GNMA fund will definalely have NAV fluctuation and is NOT appropriate for short term funds. Most MM funds are applying for participation in the Treasury Dept's Temporary Guarantee Program so why not go for the highest yielding MM fund that is participating? The Fed is going to gurarantee the fund will maintain a 1.00 NAV.
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Tom J.
911SC Cab
SCWDP
CaymanS
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