Fidelity Cash Reserves, or FDRXX, is a well-established money market mutual fund. These types of mutual funds pool together monies from many different investors to purchase securities. Money market funds invest in debt securities and have minimal credit risk and short maturities for investors. They...
Here are a few of the most popular government and treasury focused money market mutual fund options offered by Fidelity, Schwab, and Vanguard, along with their ticker symbols and minimum investment amounts: Fidelity:FDRXX,FZFXX,SPAXX– all have no minimum investment amount, fees vary Schwab:SNO...
Source: BofA Merrill Lynch Global Research, Investment Company Institute Table 6: Sample MMF shadow NAVs Money fund Fidelity Cash Reserves Vanguard Prime Schwab Value Advantage Ticker FDRXX VMMXX SWVXX Shadow NAV $1.0004 $1.0002 $1.0001 Source: BofA Merrill Lynch Global Research, SEC regulatory ...