SPAXX tracks T-bill yields near 4% but its 0.42% expense ratio ranks among the highest in its money market peer group.
VMFXX runs historically cheaper than SPAXX, and FDLXX delivers state-tax advantages, giving cost-focused investors two direct upgrades to consider.
Don't wait: the ****** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
If you have a Fidelity brokerage account, there is a good chance your uninvested cash is already sitting in Fidelity Government Money Market Fund (NASDAQ:SPAXX) and you have never given it a second thought. Fidelity parks uninvested cash in SPAXX by default, and most investors never look. That is fine for a while. It becomes expensive the moment short rates start moving and you do not notice.
SPAXX is a government money market mutual fund run by Fidelity that holds short-term U.S. government securities, Treasury repurchase agreements, and cash. Its job is simple: preserve $1 per share, pay interest daily, and stay liquid. It sits inside the Fidelity Hereford Street Trust and doubles as the core position, meaning it is where trade proceeds, dividends, and deposits land automatically until you invest them.
#spaxx #money #fund
VMFXX runs historically cheaper than SPAXX, and FDLXX delivers state-tax advantages, giving cost-focused investors two direct upgrades to consider.
Don't wait: the ****** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
If you have a Fidelity brokerage account, there is a good chance your uninvested cash is already sitting in Fidelity Government Money Market Fund (NASDAQ:SPAXX) and you have never given it a second thought. Fidelity parks uninvested cash in SPAXX by default, and most investors never look. That is fine for a while. It becomes expensive the moment short rates start moving and you do not notice.
SPAXX is a government money market mutual fund run by Fidelity that holds short-term U.S. government securities, Treasury repurchase agreements, and cash. Its job is simple: preserve $1 per share, pay interest daily, and stay liquid. It sits inside the Fidelity Hereford Street Trust and doubles as the core position, meaning it is where trade proceeds, dividends, and deposits land automatically until you invest them.
#spaxx #money #fund
2 months ago
