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MMFWX

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1d
1w
1m

Analysis and statistics

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About

MMFWX.US represents the Fidelity Government Money Market Fund. It's a mutual fund offered by Fidelity Investments that primarily invests in short-term U.S. government securities. The goal of the fund is to provide a high level of current income consistent with the preservation of capital and liquidity.
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Factors

Federal Funds Rate: The target rate set by the Federal Reserve for overnight lending between banks significantly impacts MMFWX.US's yield and therefore its price. Higher rates lead to higher yields, potentially increasing its price.

Treasury Bill Yields: As MMFWX.US invests in short-term Treasury bills, their yields directly influence the fund's return. Rising Treasury yields generally push the fund's price upwards.

Demand for Safe Assets: Increased demand for safe-haven assets, like money market funds, during times of economic uncertainty can drive inflows into MMFWX.US, potentially increasing its price.

Fund Management Fees: The expense ratio charged by the fund's management affects the net yield and total return, influencing its attractiveness and consequently its price.

Credit Risk: Though minimal, perceived credit risk associated with the fund's holdings (e.g., commercial paper) can slightly impact its price if investors become risk-averse.

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