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FAAXX

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1m

Analysis and statistics

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About

FAAXX.US represents the Fidelity Government Money Market Fund. This fund is a money market mutual fund offered by Fidelity Investments that primarily invests in U.S. government securities and repurchase agreements backed by such securities. It aims to provide investors with a high level of current income consistent with the preservation of capital and liquidity.
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Factors

Interest Rates: FAAXX's yield, and thus its price, closely follows prevailing short-term interest rates set by the Federal Reserve.

Credit Risk: While FAAXX invests in high-quality securities, slight variations in the perceived creditworthiness of those holdings can subtly influence its value.

Supply and Demand: Investor demand for FAAXX as a safe haven asset can lead to price changes, albeit typically very small, due to fund flows.

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