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Fidelity® Government Money Market Fund (SPAXX)

0.79%
Yield
0.00%
1 Day
-21.00%
Year-to-Date
Overall Morningstar Rating
Money market-taxable
Style or Category
No Load
Sales Expenses
0.42%
Expense Ratio
--
Morningstar Risk Rating™
Investment Objective The investment seeks as high a level of current income as is consistent with preservation of capital and liquidity. The fund normally invests at least 99.5% of its total assets in cash- U.S. government securities and/or repurchase agreements that are collateralized fully (i.e.- collateralized by cash or government securities). It normally invests at least 80% of its assets in U.S. government securities and repurchase agreements for those securities. The fund invests in U.S. government securities issued by entities that are chartered or sponsored by Congress- but whose securities are neither issued nor guaranteed by the U.S. Treasury.

Performance

1 month-- 3 years--
3 months-- 5 years--
1 year-- Since inception+2.84%
Data through --

Peer Comparisonvs. Money market-taxable

 SPAXXCategory
Performance 5-yr return--+0.09%
Expense ratio0.42%0.50%
Risk 5 year sharpe ratio-3.22-2.90
Net assets$100.8B$12.1B
Average market cap----
Average P/E----
Portfolio turnover----

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureManagement Team / 10 Years
Minimal initial investment$2,500.00
Minimum IRA investment$500.00

Holdings

Fixed income64.52%
Cash36.58%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
Holdings not available.