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GNMFX

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Analysis and statistics

  • Open
    9.4523$
  • Previous Close
    9.4523$
  • 52 Week Change
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  • Day Range
    0.00$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
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  • Beta
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  • Volume
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About

GNMFX.US refers to the Government Money Market Fund (GNMFX) offered by Fidelity Investments and listed on the U.S. stock market. This fund seeks to maximize current income, consistent with the preservation of capital and liquidity, by investing in U.S. government securities and repurchase agreements backed by such securities. The fund primarily focuses on high-quality, short-term investments, aiming to provide a stable net asset value (NAV) and is typically used by investors seeking a low-risk, liquid place to park cash. As a money market fund, GNMFX is subject to regulations designed to mitigate risks associated with maintaining a stable NAV, although it is not guaranteed.

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Factors

Interest Rates: Changes in interest rates, especially those impacting mortgage-backed securities, significantly affect GNMFX.US as it invests in Ginnie Mae securities.

Economic Conditions: The overall health of the economy influences mortgage defaults and prepayments, thus affecting the fund's performance.

Prepayment Rates: Unexpected increases in mortgage prepayments can reduce the fund's yield and potentially its net asset value.

Ginnie Mae Guarantee: GNMFX.US benefits from the U.S. government's guarantee on Ginnie Mae securities, making it relatively safe but still subject to market fluctuations.

Inflation: Rising inflation can erode the real value of the fixed income payments from the mortgages underlying the fund.

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