Fidelity Cash Reserves (FDRXX) is a mutual fund provided by Fidelity Investments. The primary investment strategy is to invest in money market securities from foreign and domestic issuers, as well as repurchase agreements (repos).
Is Fidelity Fdrxx insured?
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.
What is the interest rate for Fdrxx?
Lipper Ranking & Performance
| Fund Return | Category 1 | |
|---|---|---|
| 1yr | 0.01% | 0.02% |
| 3yr 2 | 0.96% | 0.82% |
| 5yr 2 | 0.86% | 0.68% |
| 10yr 2 | 0.44% | 0.34% |
Is money safe in fidelity?
Yes, the cash balance in the Fidelity® Cash Management Account is swept into an FDIC-insured interest-bearing account at one or more program banks. The deposit at the banks is eligible for FDIC insurance and subject to FDIC insurance coverage limits. You cannot access your funds directly from a program bank.
Can you lose money on a money market account?
A money market account is a savings account with some checking features. Money market accounts are insured by the Federal Deposit Insurance Corp. (at banks) and the National Credit Union Administration (at credit unions), so you won’t lose your deposits even if the financial institution goes out of business.
Is my money safe with Fidelity?
What kind of securities does fdrxx invest in?
The fund invests in a variety of both domestic and foreign U.S. dollar-denominated money-market securities as well as various repurchase agreements. FDRXX holds no more than 25% of its portfolio in financials. The fund uses credit research to determine the best possible holdings for yield and safety of principal.
Is there a fidelity government cash reserves fund?
On December 1, 2015, this fund (formerly Fidelity ® Cash Reserves) was approved to operate as a government fund with different investment policies. The historical performance may not represent its current investment policies.
What do you need to know about fidelity funds?
Current performance may be higher or lower than the performance data quoted. These are high-level facts about a fund that an investor can use to help evaluate an investment option, including total net assets of a fund, expense ratio, and the current net asset value of the fund.
Is the Fidelity Mutual Fund insured by the FDIC?
While the following investment products are not insured or eligible for FDIC, SIPC, or any specific coverage, Fidelity is proactive in keeping assets safe. Mutual funds If you own Fidelity mutual fund shares directly, not through a brokerage account, your investment is in assets that are the property of the funds, not Fidelity.