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Choosing a Government Money Market Provider
The relative stability of government money market funds (MMFs) and ease of use make them an attractive short-term investment option for institutional liquidity managers.
Key characteristics of government money market funds:
- Transact at $1.00 and are not subject to SEC liquidity “gates and fees”
- Are required to own 99.5% government securities, cash, and/or repurchase agreements collateralized by the same
- Generally offer continuous purchases and redemptions until 5 p.m. ET
Assets reflect demand for government MMFs
Assets under Management
Government money market mutual fund industry assets exceed $3.8 trillion.*
The approximately $10.7 trillion short-term government securities market provides a liquid investment universe for government money market funds.**
- Source: iMoneyNet as of 3/31/21. Includes both institutional and retail share classes.
- * Source: iMoneyNet as of 3/31/21.
- ** Source: JPMorgan, 12/31/20. Data as of 12/31/19. Assumes $8.7 trillion in eligible government securities and tri-party repurchase agreements plus $2 trillion in Federal Reserve Reverse Purchase Agreement capacity.
A trusted name in money markets, Fidelity offers:
Size and Scale
Fidelity is the largest provider of government money market funds and has vast experience to support a wide range of liquidity management needs.
Depth and Breadth of Resources
A highly experienced team of portfolio managers, analysts, and dedicated traders drive a robust investment process.
Intensive risk management and stress-testing helps minimize downside volatility.
Proven Track Record
- Over 40 years’ experience managing money market portfolios.
- Steadfast commitment to seeking SAFETY, LIQUIDITY, and RETURN
- You could lose money by investing in a money market 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. Fidelity Investments and its affiliates, the fund’s sponsor, have no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.
- Fidelity’s government and U.S. Treasury money market funds will not impose a fee upon the sale of your shares, or temporarily suspend your ability to sell shares if the fund’s weekly liquid assets fall below 30% of its total assets because of market conditions or other factors. Interest rate increases can cause the price of a money market security to decrease. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a money market security to decrease. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks.