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FMMMX

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1m

Analysis and statistics

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About

FMMMX.US is the ticker symbol for Fidelity Money Market Fund. It is a type of mutual fund that invests in short-term, low-risk debt securities, such as Treasury bills, commercial paper, and repurchase agreements. The fund aims to provide investors with a high level of liquidity and preserve capital while generating income. Money market funds are generally considered to be a safe haven for investors seeking to avoid market volatility.
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Factors

Interest Rates: Changes in short-term interest rates set by the Federal Reserve directly impact the yields of money market funds like FMMMX, influencing its price.

Credit Quality: The creditworthiness of the securities held by the fund (e.g., U.S. Treasury bills, commercial paper) affects its perceived risk and, consequently, its price.

Maturity of Holdings: The average maturity of the fund's holdings influences its sensitivity to interest rate changes; shorter maturities generally lead to less price volatility.

Supply and Demand: Investor demand for money market funds and the overall supply of these funds can influence prices, especially during periods of market uncertainty.

Fund Management Fees: The fees charged by Fidelity for managing FMMMX directly reduce the fund's yield, influencing its attractiveness and ultimately, its price.

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