PGVXX — Government Money Market Fund
Data updated: 2026-02-27
PGVXX — Government Money Market Fund. Money Market · 0.20% expense ratio. Holdings, fees, performance and SEC filings.
PGVXX Fund Overview
PGVXX — Government Money Market Fund is a US mutual fund managed by Principal Funds, Inc., categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Principal Funds, Inc.
- Category: Money Market
- Ticker: PGVXX
- SEC CIK: 0000898745
- SEC series ID: S000060089
- Share class ID: C000196721
PGVXX Investment Objective and Strategy
Government Money Market Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Principal Funds, Inc..
Investment objective
The Fund seeks as high a level of current income as is considered consistent with preservation of principal and maintenance of liquidity.
Principal investment strategy
The Fund will invest at least 99.5% of its total assets in cash, government securities, and/or repurchase agreements that are collateralized fully by cash or government securities (government securities can include shares of other government money market funds). The Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in government securities and repurchase agreements that are collateralized by government securities. Specifically, the Fund will invest in U.S. treasury bills, bonds, and other obligations issued or guaranteed by the U.S. government or its agencies or instrumentalities (which will include instruments with variable or floating interest rates), as well as shares of other government money market funds. The Fund seeks to maintain a stable net asset value of $1.00 per share.
The Fund maintains a dollar weighted average portfolio maturity of 60 days or less. As with all mutual funds, the value of the Fund's assets may rise or fall.
PGVXX Holdings
Top 10 holdings of Government Money Market Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| The Bank of New York Mellon Repurchase Agreement | 6.47% |
| Barclays Capital Inc Repurchase Agreement | 4.98% |
| JP Morgan Securities LLC Repurchase Agreement | 4.61% |
| HSBC Securities (USA) Inc. Repurchase Agreement | 4.48% |
| Goldman Sachs & Co. LLC Repurchase Agreement | 4.23% |
| BNP Paribas Securities Corp. Repurchase Agreement | 4.23% |
| Bank of Montreal Repurchase Agreement | 3.73% |
| Merrill Lynch, Pierce, Fenner & Smith Repurchase Agreement | 3.73% |
| Invesco Government & Agency Portfolio - Institutional Class | 3.41% |
| DWS Government Money Market Series - Institutional Class | 3.28% |
PGVXX Costs and Fees
PGVXX costs about $20 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.20%
- Gross expense ratio: 0.22%
PGVXX Debt Constituents
No individual debt constituents are reported in Government Money Market Fund's latest SEC N-PORT filing.
PGVXX Prospectus and SEC Filings
Official Government Money Market Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Money Market funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.