Breaking the Buck
Breaking the buck occurs when a money market fund's net asset value falls below its stable one-dollar target.
Forward pricing, offer price, and breaking-the-buck terms used in fund pricing events.
Fund Pricing Events and Offer Prices terms explain how funds calculate value, report performance, quote yields, handle flows, and trade at premiums or discounts to portfolio value.
Use this branch when the key issue is NAV, per-share value, offer price, historical performance, yield reporting, fund flows, or liquidity pressure.
| Term | Use it for |
|---|---|
| Breaking the Buck | A fund valuation, performance, yield, flow, or market-price term. |
| Forward Pricing | A fund term that narrows the branch to a specific wrapper, exposure, cost, or operating feature. |
| Offer Price | A fund valuation, performance, yield, flow, or market-price term. |
Check valuation time, portfolio inputs, stale or illiquid holdings, bid-ask spread, premium or discount, yield formula, distribution policy, flow pressure, and whether performance is before or after fees.
This page is educational and does not recommend a specific fund, security, tax treatment, or account choice.
Choose a subsection first. Deeper term pages live inside each subsection, which keeps large topic hubs readable.
Breaking the buck occurs when a money market fund's net asset value falls below its stable one-dollar target.
Forward pricing sets mutual fund transaction prices at the next calculated net asset value after an order is received.
Offer price is the price at which fund shares or securities are offered to buyers, including any applicable sales charge.