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FGXXX

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    0.9939$
  • Previous Close
    0.9939$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

FGXXX.US represents the Fidelity Government Money Market Fund. It's a money market fund offered by Fidelity Investments that primarily invests in U.S. government securities and repurchase agreements backed by such securities. The fund 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 Rate Movements: When the Federal Reserve raises or lowers interest rates, the yields of money market funds like FGXXX.US tend to follow, directly impacting its attractiveness and thus its price.

Credit Quality: FGXXX.US invests in short-term debt securities. If the creditworthiness of these issuers weakens, it can negatively affect the fund's net asset value and price.

Supply and Demand: Higher demand for FGXXX.US can drive up its price, while increased selling pressure can lead to a price decrease, reflecting typical market dynamics.

Maturity of Holdings: The average maturity of the fund's holdings influences its price sensitivity to interest rate changes. Longer maturities tend to make the price more volatile.

Expense Ratio: A higher expense ratio can reduce the yield and therefore the perceived value of FGXXX.US, potentially impacting its price relative to other funds.

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