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FHEHXX

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

Analysis and statistics

  • Open
    768.1671$
  • Previous Close
    768.1671$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

FHEHXX.US represents Fidelity High Yield Municipal Money Market Fund. It's a money market fund that primarily invests in municipal securities, which are debt obligations issued by state and local governments. The fund aims to provide a high level of current income exempt from federal income tax, consistent with preserving capital and maintaining liquidity. Money market funds like FHEHXX are generally considered low-risk investments and are used by investors seeking a safe place to park their cash while earning a modest return.
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Factors

Interest Rates: Rising rates can decrease the fund's value as bond yields become more attractive. Falling rates can increase its value.

Credit Quality: Lower credit quality holdings may increase yield but also increase risk, potentially impacting price negatively if defaults rise.

Fund Expenses: Higher expense ratios can slightly lower returns and net asset value (NAV) relative to similar funds.

Market Demand: Increased demand for the fund can push its price up, while decreased demand can lower it.

Economic Conditions: Economic downturns can increase credit risk and impact bond values, indirectly affecting the fund's price.

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