money market funds for the quality, maturity, liquidity and diversification of investments. The Adviser stresses maintaining a stable $1.00 share price, liquidity, and income. In addition the Adviser normally invests at least 80% of the fund's assets in U.S. Government securities and repurchase ...
As of 4Q 2023, the average money market interest rate is over 5% thanks to aggressive Fed rate hikes since 2022. For those who have money sitting around in a savings or checking account, please move your money into a money market fund like SPAXX. You'll likely earn much more interest ...
SPAXX | A complete Fidelity Government Money Market Fund mutual fund overview by MarketWatch. View mutual fund news, mutual fund market and mutual fund interest rates.
Fidelity launched the Fidelity Government Money Market Fund (SPAXX) in 1990, and boasts $267.99 billion in total net assets as of May 2023, making it one of the most widely held funds in this category. Similar to the American Century Capital Preservation Fund, SPAXX strives to usher in hi...
As a money market fund, SPAXX invests in short-term, high-quality debt securities such as Treasury bills, commercial paper, and certificates of deposit. These instruments are considered low-risk, providing a level of stability for investors. However, it’s important to note that like all inves...
Please note that on or around June 15, 2024, you’ll have the option to elect Fidelity(R) Government Money Market Fund (SPAXX) as your core sweep investment vehicle. You will not need to take any action if you wish to retain the Bank Sweep as your core position. For additional ...