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WFFXX

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1m

Analysis and statistics

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About

WFFXX.US represents the Fidelity Treasury Only Money Market Fund. This fund invests at least 99.5% of its total assets in cash, U.S. Treasury securities, and/or repurchase agreements that are collateralized solely by U.S. Treasury securities, offering investors a high degree of safety and liquidity. The fund aims to provide a high level of current income consistent with the preservation of capital and liquidity, making it a popular choice for investors seeking a safe haven for short-term cash. Because of its focus on U.S. Treasuries, the fund's income is generally exempt from state and local taxes.
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Factors

Interest Rates: WFFXX's yield, and therefore its price, is heavily influenced by prevailing short-term interest rates set by the Federal Reserve. Higher rates generally lead to higher yields and potentially a higher price.

Credit Risk: Though generally low for money market funds, the creditworthiness of the securities held by WFFXX affects its price. Any perceived risk of default can lower the fund's value.

Maturity: The weighted average maturity of the fund's holdings impacts its sensitivity to interest rate changes. Longer maturities can result in greater price fluctuations when rates change.

Supply and Demand: Basic market forces of supply and demand can also affect the fund's price, although generally to a lesser extent than other factors.

Fund Management Fees: The fund's expense ratio, representing management fees, directly impacts the yield to investors and indirectly the attractiveness and price of the fund.

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