The Fidelity® Debit Card is issued by PNC Bank, N.A., and the debit card program is administered by BNY Mellon Investment Servicing Trust Company. Subject. * A repurchase agreement is an agreement to buy a security at one price and a simultaneous agreement to sell it back at an agreed-upon price. Fidelity Capital & Income Fund . Past performance is no guarantee of future results. Each ticker and name links to more detailed data about each fund… Fidelity is proud to now offer Fidelity Rewards+, a new program with exclusive benefits for eligible Wealth Management clients.5 Once you enroll, we'll waive the minimum investment on a select group of our lower-cost money market funds, giving you more choice for investing your cash. Money Market Money Market Funds and ETFs limit their investment selection to highly liquid instruments, including cash, cash-equivalent securities and high-credit-rating debt-based … At least 30% of the fund’s total assets must be invested in Weekly Liquid Assets, which can consist of cash, direct obligations of the U.S. government such as U.S. Treasury bills, certain other U.S. government agency debt that is issued at a discount and matures within 60 days or less, or securities that will mature or are payable within 5 business days. You could lose money by investing in a money market fund. Virtual Assistant is Fidelity’s automated natural language search engine to help you find information on the Fidelity.com site. Visa is a registered trademark of Visa International Service Association, and is used by PNC Bank pursuant to a license from Visa U.S.A. Inc. Important legal information about the email you will be sending. The rules that govern money market mutual funds permit the funds to buy only securities that mature in 397 days or less. Have an investment goal with a short time horizon, Have a low tolerance for volatility, or are looking to diversify with a more conservative investment, Need the investment to be extremely liquid, To offset the typically greater volatility of bond and equity investments, As short-duration investments for assets that may be needed in the near term (such as an emergency fund), As a holding place for assets while waiting for other investment opportunities to arise (such as in the core position for your brokerage account), The objective for many money market funds is typically to provide current income consistent with principal preservation, U.S. Treasury and government money market funds potentially can offer a lower credit risk and return profile than prime money market funds, Municipal money market funds may be appropriate for nonretirement accounts that are not already tax-shielded. WAL for money market funds is not the same as WAL … Fidelity does not provide legal or tax advice, and the information provided is general in nature and should not be considered legal or tax advice. The Fidelity Cash Management Account is a brokerage account designed for spending and cash management. Jan 23, 1989. USD. Place a tradeLog In Required The interest rate policy of the Federal Reserve (the Fed) is a key driver for money market rates. Fidelity® Government Money Market Fund mutual fund SPAXX Dividend policy Active Price as of: JUL 16, 08:00 PM EDT $1.0 +0.0 +0% primary theme Taxable Money Market share class Other (SPAXX) Other … For taxable funds, at least 10% of the fund’s total assets must be invested in Daily Liquid Assets, which can consist of cash, direct obligations of the U.S. government, or securities that will mature or are payable within one business day. Fidelity Rewards is not offered as a component of any advisory service or program through Fidelity, including, without limitation, Fidelity® Wealth Services and Fidelity® Strategic Disciplines. Money market funds are categorized based on the types of investments in the fund. Researchers at Duke recently assessed 21 comparable funds from Vanguard and Fidelity across multiple attributes. Fidelity offers government, prime, and municipal (or tax-exempt) money market funds, and is an industry leader, managing over $800 billion in total money market assets.1, Government: Fidelity Government Money Market Fund (SPAXX)2. Normally at least 80% of the fund’s assets are invested in municipal securities whose interest is exempt from federal and state personal income taxes. FIDELITY MONEY MARKET FUND - PREMIUM CLASS (FZDXX) As of: 12/14/2020, 4:00pm NAV 1.00 7-Day Yield 0.01% Net Change 0.00 Previous NAV 1.00 Net Change % Quotes are available for stocks, mutual funds, Fidelity … This article helps you choose the best Fidelity money market fund for your situation. FIDELITY LIFE ASSURANCE. Easily retrieve funds from a money market mutual fund to get cash, pay a bill, or make another investment in your account. We also regularly stress test our money market funds, and we're confident they can … Prime MMMFs have historically offered higher yields than government MMMFs. The indicated rate of return for each money market fund is an annualized historical yield based on the seven-day period ended as indicated and annualized in the case of effective yield by compounding the seven-day return and does not represent an actual one-year return. Fidelity® Investments Money Market Funds Money Market Portfolio Class I (FMPXX) 0.03% Yield +50.00% 1 Day-97.00% Year-to-Date Overall Morningstar Rating Prime money market Style … The Fidelity Capital & Income Fund is a good option for investors who want to allocate money into a tax sheltered account such as a 401(k) plan or an individual retirement account. The subject line of the email you send will be "Fidelity.com: ". Fidelity funds cover a comprehensive range of investment opportunities that includes equity, fixed income, multi asset, balanced, asset allocation and money market funds. Fidelity, he points out, was one of the first fund managers to introduce market index funds with a zero expense ratio. Fidelity Money Market Funds Current performance may be higher or lower than that quoted. Customers interested in securities trading should consider a Fidelity Account®. Normally at least 80% of the fund’s assets are invested in municipal securities whose interest is exempt from federal income tax. Share Class. Unlike the fund(s), bank products are FDIC-insured. Learn more about mutual funds at fidelity.com. While there are no program enrollment fees, eligible accounts are charged an advisory fee. As with any search engine, we ask that you not input personal or account information. Email . The types of debt securities held by money market mutual funds are required by federal regulation to be very short in maturity and high in credit quality. Its portfolio consists of a variety of underlying Fidelity stock, bond, and money market funds. Income generated by a money market fund is either taxable or tax-exempt, depending on the types of securities the fund invests in. 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