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GRFXX

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1d
1w
1m

Analysis and statistics

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About

GRFXX.US represents the Government Retail Fund, a money market fund offered by Fidelity Investments. This fund primarily invests in U.S. government securities, repurchase agreements backed by such securities, and cash, aiming to provide a high level of current income consistent with preserving 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. Investors should review the fund's prospectus for complete information on its investment strategy, risks, and expenses.
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Factors

Federal Funds Rate: GRFXX's yield, and thus its price, closely tracks the Federal Reserve's federal funds rate. As the Fed raises rates, GRFXX's yield increases, potentially affecting its attractiveness and price.

Treasury Bill Yields: GRFXX invests in short-term Treasury bills. Changes in T-bill yields directly influence GRFXX's returns and price. Higher T-bill yields generally lead to higher GRFXX yields.

Demand for Short-Term Investments: Increased demand for safe, liquid short-term investments can drive up GRFXX's price. This demand is influenced by broader economic uncertainty and risk aversion.

Overall Market Liquidity: The overall liquidity in the money market affects the pricing of GRFXX. Tightening liquidity can make GRFXX more attractive, potentially influencing its price.

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