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FODXX

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Analysis and statistics

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About

FODXX.US is the ticker symbol for the Fidelity Government Money Market Fund. This fund seeks to provide as high a level of current income as is consistent with the preservation of capital and liquidity. It invests primarily in U.S. government securities and repurchase agreements collateralized by U.S. government securities, aiming to maintain a stable net asset value of $1. It is a money market fund managed by Fidelity Investments.
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Factors

Interest Rate Changes: FODXX's price reacts inversely to interest rate changes. Rising rates lower its price; falling rates increase it.

Market Demand: High demand for the fund can slightly increase its price, while low demand can decrease it.

Fund Management Fees: Higher management fees can indirectly affect returns, potentially impacting the price slightly.

Credit Risk: Perceived risk of underlying holdings defaulting can negatively impact the fund's price.

Economic Conditions: Overall economic health influences interest rates and investment decisions, impacting FODXX's price.

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