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MYMXX

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1m

Analysis and statistics

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About

MYMXX.US represents Fidelity Investments Money Market Government Portfolio, a money market fund. Money market funds are a type of mutual fund that invests in very short-term, low-risk debt securities issued by the U.S. government and its agencies. This fund aims to provide investors with current income consistent with stability of principal. The portfolio maintains a net asset value (NAV) of $1.00 per share and seeks to generate returns competitive with other government money market funds. It is considered a relatively safe investment option suitable for cash management and short-term savings goals, though it is not FDIC insured.
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Factors

Interest Rates: MYMXX.US is a money market fund; its price primarily reflects prevailing short-term interest rates. When interest rates rise, the fund's yield and price tend to increase and vice-versa.

Credit Risk: The creditworthiness of the securities held in the fund impacts its perceived safety. Higher perceived risk can slightly lower the price.

Fund Expenses: The fund's operating expenses (management fees, etc.) directly affect its net yield and thus indirectly the price. Higher expenses may lead to a slightly lower price.

Supply and Demand: Investor demand for the fund can create minor price fluctuations. High demand may slightly increase the price, and low demand may decrease it.

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