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MMDMX

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1d
1w
1m

Analysis and statistics

  • Open
    18.619$
  • Previous Close
    18.619$
  • 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
    --
  • Beta
    --
  • Volume
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About

MMDMX.US represents the Fidelity Money Market Fund (Premium Class). This fund is a money market mutual fund that seeks to maintain a stable net asset value of $1.00 per share while providing investors with a high level of current income consistent with the preservation of capital and liquidity. It invests primarily in short-term, high-quality money market instruments, such as U.S. government securities, repurchase agreements, and commercial paper. Money market funds like MMDMX are generally considered to be low-risk investments suitable for cash management and short-term savings goals.

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Factors

Interest Rates: Changes in interest rates, especially short-term rates, impact MMDMX.US as it invests in money market instruments. Higher rates generally increase yields and potentially the fund's price.

Credit Quality: The creditworthiness of the securities held within MMDMX.US influences its price. Deterioration in credit quality can lead to price declines.

Fund Flows: Significant inflows or outflows of money into or out of MMDMX.US can affect its price, though typically to a lesser extent than other funds.

Market Conditions: Overall economic conditions and investor sentiment can indirectly influence the demand for and price of MMDMX.US.

Maturity: The average maturity of the fund's holdings influences price sensitivity to interest rate changes. Longer maturities are more sensitive.

Expense Ratio: The fund's expense ratio, while relatively small, impacts net yield and thus its relative attractiveness compared to other funds, affecting demand.

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