Fidelity’s core money market fund positions – which ones do we hold & why? How do you change your core money market fund position (step-by-step)? What other money market fund options might you want to consider?

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Fidelity Core Money Market Funds | SPAXX, FZFXX & FDRXX vs FCASH | How To Change Core Position

As an investor looking to park your cash in a safe and low-risk investment option, Fidelity Core Money Market Funds might be just what you need. With several different funds available, each with its own set of features and benefits, it’s important to compare and understand the differences between them to make an informed decision.

Fidelity offers three primary Core Money Market Funds: SPAXX, FZFXX, and FDRXX. These funds are designed to provide investors with a stable investment option that has the potential to earn competitive yields. They invest in high-quality, short-term money market instruments, such as U.S. Treasury securities, commercial paper, and certificates of deposit, aiming to preserve principal and provide liquidity.

Let’s take a closer look at each of these funds:

1. SPAXX (Fidelity Government Money Market Fund): SPAXX focuses on investing in U.S. government securities and aims to provide investors with a higher level of stability. It is a great choice for conservative investors who seek minimal risk.

2. FZFXX (Fidelity Treasury Money Market Fund): FZFXX invests primarily in U.S. Treasury bills, notes, and bonds, making it an ultra-safe investment option. It is suitable for investors looking for minimal credit risk.

3. FDRXX (Fidelity Government Cash Reserves): FDRXX invests in U.S. government obligations, including securities issued or guaranteed by federal agencies and instrumentalities. It aims to maintain a stable $1 net asset value (NAV) and generate income consistent with the preservation of capital.

While SPAXX, FZFXX, and FDRXX are closely related, the variations in the types of securities they invest in differentiate them to some extent. It’s important to assess your risk tolerance and investment objectives before choosing among these funds.

These Fidelity Core Money Market Funds are often used as “core positions” in investor accounts, serving as a place to park cash temporarily or as a cash allocation within a diversified portfolio. They offer daily liquidity, which means you can easily access your funds when needed.

If you decide to change your core position within Fidelity, whether it be from one Core Money Market Fund to another or to switch to another investment option like FCASH, the process is relatively straightforward:

1. Log in to your Fidelity account: Access your Fidelity account through their website or mobile app using your login credentials.

2. Navigate to the “Accounts” section: Look for the section that displays your investment accounts.

3. Select the relevant account: Choose the account in which you want to change your core position.

4. Explore investment options: Within the account, find the section that allows you to invest or trade in different funds.

5. Choose the desired fund: If you want to switch to FCASH, search for it among Fidelity’s available investment options and select it. If you prefer to switch between the Core Money Market Funds, choose the desired fund accordingly.

6. Confirm the transaction: Follow the prompts to confirm your investment transaction. Be aware of any fees or restrictions that may apply.

Remember, it’s always wise to consult with a financial advisor or conduct thorough research before making any investment decisions. Everyone’s financial situation and risk tolerance are unique, so what works for one individual may not necessarily be the best option for another.

In conclusion, Fidelity Core Money Market Funds offer investors a stable and low-risk option for cash allocation. Whether you choose SPAXX, FZFXX, FDRXX, or even FCASH, understanding your investment objectives and assessing the differences between these funds will help you make an informed decision.

Comparing Fidelity’s Core Money Market Funds (SPAXX, FZFXX, and FDRXX) and FCASH: A Guide on Core Position Changes appeared first on Inflation Protection.