Fidelity® Investments Money Market Funds Money Market Portfolio Class I (FMPXX) 0.03% Yield +50.00% 1 Day-97.00% Year-to-Date Overall Morningstar Rating Prime money market Style … Although such funds may appear simple investments, you need to look beyond just current yield and expense ratio to figure out the best Fidelity money market fund for your hard-earned dollars. The Fidelity Total Market Index Fund (FSKAX, $89.32) is cheaper than many other broad-market funds with a mere 1.5 basis points charged in annual fees, adding up to a … Shares Outstanding. The rules that govern money market mutual funds permit the funds to buy only securities that mature in 397 days or less. Some investors choose a government money market fund as the core position in a brokerage account to receive or make recurring payments, or hold money before moving to another investment. Normally at least 80% of the fund’s assets are invested in municipal securities whose interest is exempt from federal and state personal income taxes. Learn more about mutual funds at fidelity.com. The annual rate shown above is the standard trailer fee payment rate for Fidelity money market funds. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Learn how to navigate bond market fluctuations. By using this service, you agree to input your real email address and only send it to people you know. Past performance is no guarantee of future results. Beginner. Fidelity, he points out, was one of the first fund managers to introduce market index funds with a zero expense ratio. It is a violation of law in some jurisdictions to falsely identify yourself in an email. Unlike the fund(s), bank products are FDIC-insured. Other. Money market funds are fixed income mutual funds that invest in debt securities characterized by short maturities and minimal credit risk. Analyze the Fund Fidelity ® Investments Money Market Government Portfolio - Class I having Symbol FIGXX for type mutual-funds and perform research on other mutual funds. At least 30% of the fund’s total assets must be invested in Weekly Liquid Assets, which can consist of cash, direct obligations of the U.S. government such as U.S. Treasury bills, certain other U.S. government agency debt that is issued at a discount and matures within 60 days or less, or securities that will mature or are payable within 5 business days. Normally at least 99.5% of the fund’s total assets are invested in cash and U.S. Treasury securities—including at least 80% of the fund’s assets in U.S. Treasury securities. Standard Performance As of Sep 30, 2020; Fund/Benchmark Name Qtr YTD 1-Yr 3-Yr 5-Yr 10-Yr Since Inception; Fidelity Money Market Govt Por a: 0.00%: 0.25%: 0.60%: 1.24% Performance data shown represents past performance and is no guarantee of future results. Fidelity Money Market. Get a convenient way to save, spend, and manage your cash.4. Get access to regulatory documents for Fidelity Money Market Funds below. Inception Date. If used as a core position in a brokerage account, the fund offers a convenient way to earn a return on money before investing further, or while saving. Fidelity Capital & Income Fund . The results may surprise you. While not insured by the FDIC, the funds are required by federal regulations to invest in short-maturity, low-risk investments, making them less prone to market fluctuations than many other types of investments. The top ten holdings or top five issuers for fixed-income and money market funds are presented to illustrate examples of the securities that the fund has bought and the diversity of the areas in which the fund may invest, may not be the representative of the fund’s current or future investments, and may change at any time. Trade Fidelity Series Government Money Market Fund: Yield and return will fluctuate. Information that you input is not stored or reviewed for any purpose other than to provide search results. Votes are submitted voluntarily by individuals and reflect their own opinion of the article's helpfulness. Certain issuers of U.S. government securities (e.g., “Government-Sponsored Enterprises” such as Fannie Mae, Freddie Mac, and the Federal Home Loan Banks) are sponsored or chartered by Congress, but their securities are neither issued by nor guaranteed by the U.S. Treasury. Compare. Fidelity offers government, prime, and municipal (or tax-exempt) money market funds, and is an industry leader, managing over $800 billion in total money market assets.1, Government: Fidelity Government Money Market Fund (SPAXX)2. N/A. Fidelity’s closure of some prime money- market funds won’t create any immediate issues for foreign banks, but it is a negative omen of long-term developments. Researchers at Duke recently assessed 21 comparable funds from Vanguard and Fidelity across multiple attributes. Some investors use money market funds to save for short-term goals or emergencies, or as a low-volatility allocation in their portfolio of stocks and bonds. Fidelity offers government, prime, and municipal (or tax-exempt) money market funds, and is an industry leader, managing over $800 billion in total money market assets. Investments can include short-term U.S. Treasury securities, federal agency notes, Eurodollar deposits, repurchase agreements, certificates of deposit, corporate commercial paper, and obligations of states, cities, or other types of municipal agencies—depending on the focus of the fund. Quickly and easily enter your order. These entities are not affiliated with each other or with Fidelity Investments. Customers interested in securities trading should consider a Fidelity Account®. Government money market mutual funds, including U.S. Treasury funds, are available to both retail and institutional investors, and are not subject to potential liquidity fees, redemption gates, or a floating NAV. 1. Why doesn’t the government offer insurance on money market mutual funds? Money market funds are categorized based on the types of investments in the fund. The Fidelity ZERO Total Market Index Fund is one of the initial zero-fee index funds that Fidelity introduced. It is a violation of law in some jurisdictions to falsely identify yourself in an email. Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917, (Separate multiple email addresses with commas). The subject line of the email you send will be "Fidelity.com: ". Fidelity’s Total Market Index Fund provides exposure to a broader swath of the U.S. stock market than S&P 500 funds like FXAIX. The Fidelity Cash Management Account is a brokerage account designed for spending and cash management. Income generated by a money market fund is either taxable or tax-exempt, depending on the types of securities the fund invests in. These funds are subject to potential liquidity fees and redemption gates, and will price and transact at a floating NAV (meaning that the NAV will be priced to 4 decimal places, e.g. Best Money Market Mutual Funds 2020 Updated on December 12, 2020 , 22700 views In common terms, Best Liquid Funds (Money market funds) are Debt Mutual Funds or rather money market Mutual Funds … Income generated by a money market fund can be either taxable or tax-exempt, depending on the types of securities in which the fund invests. The top ten holdings or top five issuers for fixed-income and money market funds are presented to illustrate examples of the securities that the fund has bought and the diversity of the areas in which the fund may invest, may not be the representative of the fund’s current or future investments, and may change at any time. Income generated by a money market fund is either taxable or tax-exempt, depending on the types of securities the fund invests in. Copyright 1998-2020 FMR LLC. By using this service, you agree to input your real email address and only send it to people you know. The move follows the "soft-close" in March of three other money market funds to new investors: The Treasury Only Money Market … Generally, the higher the value, the greater the sensitivity. How short is “short term” for the securities in which money market mutual funds can invest? Our funds invest in high-quality money market securities and we are vigilant in keeping our money market funds safe, which has always been our highest priority. Analyze the Fund Fidelity ® Investments Money Market Government Portfolio - Class I having Symbol FIGXX for type mutual-funds and perform research on other mutual funds. Assets in other registration types, such as irrevocable trusts, partnerships, or LLCs, will not be included when determining program eligibility. Money market mutual funds are among the lowest-volatility types of investments. Money market mutual funds are among the lowest-volatility types of investments. Place a tradeLog In Required The reimbursement will be credited to the account the same day the ATM fee is debited from the account. All money market funds comply with industry-standard regulatory requirements regarding the quality, maturity, liquidity, and diversification of the fund’s investments. Please note that there may be a foreign transaction fee of 1% that is not waived, which will be included in the amount charged to your account. Email . ǂ Series E refers to, Series E1, E2, E3, E4, E5 and Series E1T5, E2T5, E3T5, E4T5, E5T5. Subject. The indicated rates of return do not take into account sales, redemption, distribution or option charges or income taxes payable by any … While there are no program enrollment fees, eligible accounts are charged an advisory fee. This fund normally invests at least 80% of assets in municipal securities whose interest is exempt from federal income tax. FIDELITY LIFE ASSURANCE. The U.S. government does not offer insurance on any type of mutual fund. Past performance is no guarantee of future results. The actual trailer fee payment rate for the current period may be lower. Distributions. Regulations from the U.S. Securities and Exchange Commission (SEC) define 3 categories of money market funds based on investments of the fund—government, prime, and municipal. Prime: Fidelity Money Market Fund (SPRXX)3. Fidelity Brokerage Services LLC, Member NYSE. Choose funds from more than 100 of the UK's leading fund managers, including Fidelity, Jupiter, M&G and Rathbone; Find your own funds, see our Select 50 expert fund picks or invest in our ready-made funds; Manage and track your funds easily at any time through your secure online account Fidelity Money Market Funds Current performance may be higher or lower than that quoted. Important legal information about the email you will be sending. Fidelity funds cover a comprehensive range of investment opportunities that includes equity, fixed income, multi asset, balanced, asset allocation and money market funds. Fidelity’s government and U.S. Treasury money market funds will not impose a fee upon the sale of your shares, nor temporarily suspend your ability to sell shares if the fund's weekly liquid assets fall below 30% of its total assets because of market conditions or other factors. At Fidelity, we take a very conservative approach to managing our money market funds and we closely monitor fund liquidity. Each ticker and name links to more detailed data about each fund… This article helps you choose the best Fidelity money market fund for your situation. 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