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MFFOX

$--
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1d
1w
1m

Analysis and statistics

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About

MFFOX.US represents the Fidelity Municipal Money Market Fund. This fund seeks to maintain a stable $1.00 share price while providing investors with as high a level of current income exempt from federal income tax as is consistent with the preservation of capital. It primarily invests in short-term municipal securities, which are debt obligations issued by state and local governments. Because its income is tax-exempt at the federal level, it can be an attractive option for investors in higher tax brackets seeking to preserve capital and generate income. As a money market fund, it is subject to regulations designed to limit risk and maintain liquidity.
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Factors

The output should not include any extra information. Market Interest Rates: Rising rates often decrease bond values, lowering the fund's NAV.

Credit Quality: Downgrades in bond ratings held by the fund can negatively impact its price.

Economic Conditions: Economic downturns can increase default risks, lowering bond prices and fund value.

Inflation Expectations: Higher inflation expectations usually lead to lower bond prices, decreasing fund value.

Fund Management Decisions: Investment choices by the fund manager affect performance and therefore price.

Supply and Demand: Investor demand for MFFOX can influence its price in the market, although indirectly.

Geopolitical Events: Global events can impact bond markets and thus the fund's holdings.

Fund Expenses: Management fees and operating expenses reduce returns, affecting the fund's net asset value.

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