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FGDXX

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--%
1d
1w
1m

Analysis and statistics

  • Open
    0.9977$
  • Previous Close
    0.9977$
  • 52 Week Change
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  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

FGDXX.US refers to Fidelity Government Money Market Fund, which is a money market fund offered by Fidelity Investments. These funds typically invest in short-term U.S. government securities and repurchase agreements collateralized by U.S. government securities, aiming to provide a high level of current income consistent with the preservation of capital and liquidity. It is used by individuals and institutions looking for a safe and easily accessible investment option for short-term cash management.
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Factors

Interest Rate: Changes in the federal funds rate influence FGDXX's yield and price. Higher rates generally increase yields, making the fund more attractive and potentially increasing its price, and vice-versa. Credit Risk: While FGDXX primarily invests in high-quality securities, potential downgrades or defaults of underlying assets can negatively impact the fund's net asset value (NAV). Market Liquidity: In periods of market stress, decreased liquidity in short-term markets can cause selling pressure and affect the price of fund shares. Fund Management: The fund manager's investment strategy, ability to select high-performing securities, and expense ratio can influence the fund's overall return and, consequently, its price. Supply and Demand: Investor demand for money market funds can impact the price of FGDXX shares. Higher demand could lead to increased buying pressure and a potentially higher price.

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