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GOFXX

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

Analysis and statistics

  • Open
    1.0065$
  • Previous Close
    1.0065$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

GOFXX.US represents the Fidelity Government Money Market Fund. It's a money market mutual fund that invests primarily in U.S. government securities, repurchase agreements fully collateralized by U.S. government securities, and cash. The fund aims to provide a high level of current income consistent with the preservation of capital and liquidity. As a money market fund, it seeks to maintain a stable net asset value (NAV) of $1 per share, although this is not guaranteed and it's possible to lose money investing in the fund.
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Factors

Interest Rates: GOFXX's yield, and thus its price, is directly affected by short-term interest rates. When rates rise, GOFXX's yield increases, potentially making it more attractive.

Market Demand: High demand for money market funds can slightly increase the price due to inflows, but this effect is generally small and short-lived for large funds like GOFXX.

Credit Risk: While GOFXX primarily invests in very short-term, high-quality debt, slight variations in perceived credit risk of its holdings can have a minor impact.

Fund Expenses: The fund's expense ratio is deducted from its yield, effectively lowering the return and thus marginally affecting the price.

Economic Conditions: Overall economic health influences interest rate expectations and investor sentiment, indirectly affecting GOFXX through broader market forces.

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