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SMGXX

$--
--%
1d
1w
1m

Analysis and statistics

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  • 52 Week Change
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  • Dividend Per Share
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About

SMGXX.US represents the State Street Institutional U.S. Government Money Market Fund, a collective investment scheme focused on providing current income while seeking to preserve capital and maintain liquidity. It invests primarily in U.S. government securities, repurchase agreements backed by such securities, and cash, aiming to offer investors a low-risk option for short-term investments and cash management. The fund's objective is to maintain a stable net asset value of $1.00 per share, although this is not guaranteed. It is commonly used by institutional investors, including corporations and governmental entities, for parking cash and managing their short-term liquidity needs.
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Factors

Federal Funds Rate: Changes to the Fed Funds rate directly impact SMGXX, as it invests in short-term debt.

Treasury Bill Yields: The yields on short-term Treasury bills influence SMGXX's returns and attractiveness.

Demand for Short-Term Investments: Increased demand drives prices up; decreased demand drives prices down.

Overall Market Conditions: Broad economic sentiment and risk appetite affect fund flows into or out of money market funds.

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