What are the investment options for my core position?
Non-retirement accounts
Fidelity Government Money Market Fund (SPAXX), a taxable money market mutual fund investing in U.S. Government Agency and Treasury debt, and related repurchase agreements. Intended for investors seeking as high a level of current income as is consistent with the preservation of capital and liquidity.1,2
Fidelity Treasury Fund (FZFXX), a taxable money market mutual fund investing in U.S. Treasury securities and related repurchase agreements. Intended for investors seeking as high a level of current income as is consistent with the preservation of capital and liquidity.1,3
Taxable Interest Bearing Cash Option (FCASH), ), a free credit balance and is payable to you on demand by Fidelity. Fidelity may use this free credit balance in connection with its business, subject to applicable law. Fidelity may pay you interest on this free credit balance, and this interest will be based on a schedule set by Fidelity, which may change from time to time. As of July 31, 2023, the interest rate for this option is 2.69%.
Generally speaking, these are the options available to you at the time you open your account. However, certain types of accounts may offer different options from those listed here. Please keep in mind that once your account has been established, you can change your core position to any other option that Fidelity might make available for that purpose.4
Retirement accounts
Fidelity Government Money Market Fund (SPAXX), a taxable money market mutual fund investing in U.S. Government Agency and Treasury debt, and related repurchase agreements. Intended for investors seeking as high a level of current income as is consistent with the preservation of capital and liquidity.1,2
Fidelity's FDIC Insured Deposit Sweep Program (the "Program")
Through the Program, the uninvested cash balance in certain Fidelity accounts is swept into an FDIC-Insured interest-bearing account at one or more program banks and, under certain circ*mstances, a money market mutual fund (the "Money Market Overflow"). For more information, please refer to the FDIC-Insured Deposit Sweep Program Disclosures (PDF). See the current interest rates available through the FDIC-Insured Deposit Sweep Program.
After your account has been established, you can change your core position to any other core position Fidelity might make available for this purpose.4
Although you can have only one core position, you can still invest in other money market funds. If you would like to change your core position after your account has been established, you can do so online or by calling a Fidelity representative at 800-544-6666.
Learn more about Money Market Mutual Funds
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1.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 money market funds 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, nor 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.
2. Normally at least 99.5% of the fund's total assets are invested in cash, U.S. Government securities and/or repurchase agreements that are collateralized fully (i.e., collateralized by cash or government securities). Normally at least 80% of the fund's assets are invested in U.S. Government securities and repurchase agreements for those securities. Certain issuers of U.S. Government securities are sponsored or chartered by Congress, but their securities are neither issued nor guaranteed by the U.S. Treasury. Investing in compliance with industry standard regulatory requirements for money market funds for the quality, maturity, and diversification of investments.
3. Normally at least 99.5% of the fund's total assets are invested in cash, U.S. Treasury securities and/or repurchase agreements for those securities. Normally at least 80% of the fund's assets are invested in U.S. Treasury securities and repurchase agreements for those securities. Investing in compliance with industry standard regulatory requirements for money market funds for the quality, maturity, and diversification of investments.
4. Additional options might be available by calling your representative.
