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UPRXX

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1d
1w
1m

Analysis and statistics

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About

UPRXX.US represents the Fidelity Money Market Fund. This fund is a type of mutual fund that invests in short-term, low-risk debt securities, such as Treasury bills, commercial paper, and repurchase agreements. Money market funds like UPRXX aim to provide investors with a safe and liquid investment option, offering returns that are generally higher than those of traditional bank savings accounts while maintaining a stable net asset value (NAV) of $1 per share. They are often used as a cash management tool for individuals and institutions seeking to preserve capital and earn modest returns.
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Factors

Fed Funds Rate: UPRXX invests in short-term debt; its yield and price are highly sensitive to changes in the Federal Reserve's target interest rate. Higher rates generally increase UPRXX's yield and price.

Short-Term Interest Rates: Beyond the Fed Funds Rate, broader short-term interest rate movements impact UPRXX. Factors influencing these rates (e.g., Treasury bill yields) will affect UPRXX's attractiveness and pricing.

Credit Risk: While UPRXX primarily holds high-quality debt, the perceived creditworthiness of its holdings influences its value. Downgrades or concerns about issuers could slightly decrease the fund's price.

Supply and Demand: Investor demand for money market funds affects UPRXX. Increased demand, often during economic uncertainty, can lead to inflows and potentially minor price appreciation.

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