Nasdaq - Nasdaq Delayed Price. Currency in USD
FAQs
Why does my fidelity account have SPAXX? ›
Fidelity Government Money Market Fund (SPAXX)
The fund is typically 100% or more invested in cash or cash equivalents in the form of short-term U.S. government securities or repurchase agreements that are fully collateralized by cash or such securities.
Additional Information
| Return Type | 1 Yr | 5 Yrs |
|---|---|---|
| FUND Fidelity® Government Money Market Fund | 3.44% | 1.30% |
| PRIMARY BENCHMARK FTSE 3-Mo Treasury Bill Popover | 3.75% | 1.57% |
| MORNINGSTAR CATEGORY AVERAGE Money Market-Taxable Popover | 3.40% | 1.29% |
| AFTER TAXES ON DISTRIBUTIONS Popover |
Invests in US government securities and repurchase agreements for same and enters into reverse repurchase agreements. Invests in compliance with industry-standard agreements for money market funds.
What is the 7 day yield for SPAXX? ›Key Data
| Label | Value |
|---|---|
| 7 Day Yield | 4.9600 |
| Gross Seven Day Yield | N/A |
| Min Initial Subscription | N/A |
| Total Shares Outstanding | N/A |
Is SPAXX safe? SPAXX holds ultra short term, high quality debt instruments, and is thus very safe.
How safe is Fidelity money market? ›Stability & safety
While not insured by the FDIC, the funds are required by federal regulations to invest in short-maturity, low-risk investments, making them less prone to market fluctuations than many other types of investments.
There is no direct way to lose money in a money market account. However, it is possible to lose money indirectly. For example, if the interest rate you receive on your account balance can no longer keep up with any penalty fees you may be assessed, the value of the account can fall below the initial deposit.
How is SPAXX taxed? ›Distributions you receive from the fund are subject to federal income tax and generally will be taxed as ordinary income or capital gains, and may also be subject to state or local taxes, unless you are investing through a tax-advantaged retirement account (in which case you may be taxed later, upon withdrawal of your ...
Is it safe to leave money in SPAXX? ›Money market funds like SPAXX are generally considered to be low-risk investments, as they are typically invested in short-term, high-quality debt instruments such as Treasury bills and certificates of deposit. However, there is still a risk of loss associated with these funds.
How much dividend does SPAXX pay? ›Dividend Payout History
| Amount | Adj. Amount | Record Date |
|---|---|---|
| 0.0033 | 0.0033 | 1/31/2023 |
| 0.0031 | 0.0031 | 12/31/2022 |
| 0.0027 | 0.0027 | 11/30/2022 |
| 0.0022 | 0.0022 | 10/31/2022 |
What is the 7 day yield of a money market fund? ›
The seven-day yield is a method for estimating the annualized yield of a money market fund. It is calculated by taking the net difference of the price today and seven days ago and multiplying it by an annualization factor. Since money market funds tend to be very low risk, the higher the seven-day yield the better.
What is the rule of 6% fidelity? ›If the interest rate on your debt is 6% or greater, you should generally pay down debt before investing additional dollars toward retirement. This guideline assumes that you've already put away some emergency savings, you've fully captured any employer match, and you've paid off any credit card debt.
What is the return for SPAXX? ›| Return Type | 2023 | 2021 |
|---|---|---|
| PRIMARY BENCHMARK FTSE 3-Mo Treasury Bill Popover | 2.85% | 0.05% |
| MORNINGSTAR CATEGORY AVERAGE Money Market-Taxable | 2.57% | 0.02% |
| +/- FTSE 3-Mo Treasury Bill | -0.24% | -0.04% |
| +/- Money Market-Taxable | 0.04% | -0.01% |
Money market funds are traditionally super safe investments and pay out a higher return than what you might get from a regular bank account. But after recent bank failures and debates over the debt ceiling, this huge part of the financial system could be on shaky ground.
What is the risk of SPAXX? ›You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Why do I have SPAXX in my Fidelity account reddit? ›When you make a deposit, the funds are automatically invested into your core position. Since SPAXX is a default core position, it is likely that this is where your cash will be directed once you make a deposit.
What type of Fidelity account should I open for stocks? ›Chances are, you'll want to start investing with one of these 3 main account types: Brokerage account: When people talk about trading stocks, they're typically talking about doing so in a brokerage account. You can think of a brokerage account as your standard-issue investment account.