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CRKXX

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1d
1w
1m

Analysis and statistics

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About

CRKXX.US represents the Federated Hermes Government Ultrashort Duration Fund Institutional Shares. It is a money market fund that invests primarily in U.S. government securities, aiming to provide current income consistent with preserving capital and maintaining liquidity. Investors seeking a low-risk, short-term investment option often consider this type of fund.
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Factors

Interest Rates: CRKXX is a money market fund, so its yield, and thus price (NAV typically stays at $1), closely tracks short-term interest rates. Rising rates generally lead to higher yields and potentially a slightly higher NAV, while falling rates do the opposite.

Credit Quality: The creditworthiness of the securities held by the fund (e.g., Treasury bills, commercial paper) influences its perceived risk. Lower credit quality can lead to slightly lower NAV due to increased risk of default.

Fund Expenses: Management fees and other operating expenses reduce the fund's yield, impacting its attractiveness compared to other similar funds and indirectly affecting its price. Higher expenses can lead to lower net yields.

Supply and Demand: Increased demand for the fund can slightly push up its share price (NAV), while decreased demand can have the opposite effect, although money market funds are designed to maintain a stable $1 NAV.

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