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13 important things you should know about FDRXX mutual fund

Updated: September 10, 2021
50
Bull Case
  • High net assets
  • 15-year return above the benchmark
  • No sales load or distribution fees
Bear Case
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • 10-year return below the benchmark

Before we start: if you’re looking for FDRXX “stock” price, you can quickly find it out by visiting Finny and typing "FDRXX quote". If you’re looking for a quick scoop on FDRXX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "FDRXX". You’ll get all this info in one place.

Are you looking to buy or sell FDRXX? Or perhaps you’re looking for FDRXX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this FDRXX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: FDRXX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: FDRXX buy or sell; the pros and cons of investing in FDRXX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to FDRXX.

And here is the list of questions we’ll answer:

  1. Describe Fidelity Phillips Street Trust: Fidelity Government Cash Reserves (FDRXX).
  2. What are FDRXX holdings?
  3. What is FDRXX performance? What are FDRXX historical returns?
  4. What is FDRXX dividend yield?
  5. What is FDRXX minimum initial investment amount?
  6. Does FDRXX have any sales loads or 12b-1 distribution expenses?
  7. What is FDRXX Finny Score? FDRXX buy or sell?
  8. What are the pros of investing in FDRXX? What are FDRXX buy reasons?
  9. What are the cons of investing in FDRXX? What are FDRXX sell reasons?
  10. Compare and contrast: FDRXX vs FZDXX.
  11. Compare and contrast: FDRXX vs SPAXX.
  12. Compare and contrast: FDRXX vs SPRXX.

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Fidelity Phillips Street Trust: Fidelity Government Cash Reserves (FDRXX).

The Fund seeks high level of current income as is consistent with preservation of capital and liquidity.

2. What are FDRXX top holdings?

FDRXX has 0 stock holdings and 141 bond holdings.

The top 10 holdings represent 69.08% of total assets. Here are the top holdings:

Name Symbol % Assets
Federal Home Loan Bank 3/1/19 To N/A 42.92%
In A Joint Trading Account At 2.6% Dated 2/28/19 Due (Collateralized By (U. N/A 8.13%
U.S. Treasury Bills 3/1/19 To N/A 7.72%
U.S. Treasury Notes 3/31/19 To N/A 3.30%
Nomura Securities International, Inc. At: 2.4%, Dated 2/22/19 Due 3/1/19 (C N/A 1.88%
Commerz Markets Llc At: 2.59%, Dated 2/28/19 Due 3/1/19 (Collateralized By N/A 1.39%
Mizuho Securities U.S.A., Inc. At 2.57%, Dated 2/28/19 Due 3/1/19 (Collater N/A 1.19%
Fannie Mae 4/30/19 To N/A 1.01%
Mufg Securities (Canada), Ltd. At: 2.57%, Dated 2/28/19 Due 3/1/19 (Collate N/A 0.80%
Bnp Paribas, Sa At: 2.46%, Dated: 1/17/19 Due 3/7/19 (Collateralized By U.S N/A 0.74%

3. What is FDRXX performance? What are FDRXX historical returns?

FDRXX has generated the following returns:

  • 3-year return is 0.93%;
  • 5-year return is 0.86%;
  • 10-year return is 0.44%;
  • 15-year return is 0.97%.

4. What is FDRXX dividend yield?

FDRXX yield is 0.01%.

5. What is FDRXX minimum initial investment amount?

FDRXX minimum initial investment amount is N/A.

6. Does FDRXX have any sales loads or 12b-1 distribution expenses?

FDRXX 12b-1 distribution fee is 0. FDRXX front-end sales load is 0. FDRXX back-end sales load is 0.

Analysis

7. What is Finny Score? buy or sell?

Finny Score is 50. Our quantitative analysis shows 3 reasons to buy and 3 reasons to sell it, resulting in the Finny Score of 50.

8. What are the pros of investing in FDRXX? What are FDRXX buy reasons?

The following are FDRXX strengths from our perspective:

  • FDRXX net assets are $206.03 billion. This fund is a popular choice with retail and institutional investors.
  • FDRXX 15-year return is 0.97%, which is higher than the 15-year return of the benchmark index (USTREAS Treasury Bill Auction Average 3 Month), 0.96%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

9. What are the cons of investing in FDRXX? What are FDRXX negatives?

The following are FDRXX weaknesses from our perspective:

  • FDRXX 3-year return is 0.93%, which is lower than the 3-year return of the benchmark index (USTREAS Treasury Bill Auction Average 3 Month), 1.11%.
  • FDRXX 5-year return is 0.86%, which is lower than the 5-year return of the benchmark index (USTREAS Treasury Bill Auction Average 3 Month), 1.14%.
  • FDRXX 10-year return is 0.44%, which is lower than the 10-year return of the benchmark index (USTREAS Treasury Bill Auction Average 3 Month), 0.61%.

Alternatives

10. Compare and contrast: FDRXX vs FZDXX.

Both FDRXX and FZDXX are mutual funds. FDRXX has a lower 5-year return than FZDXX (0.86% vs 1.13%). FDRXX has a higher expense ratio than FZDXX (0.26% vs 0.23%). Below is the comparison between FDRXX and FZDXX.

FDRXX FZDXX
Segment
Net Assets $206.03B $31.67B
Expense Ratio 0.26% 0.23%
Management Style N/A N/A
Underlying Index N/A N/A
YTD Return 0.01% 0.01%
1-Year Return N/A N/A
3-Year Return 0.93% 1.09%
5-Year Return 0.86% 1.13%
10-Year Return 0.44% 0.6%
Dividend Yield 0.01% 0.01%

FZDXX profile: The Fund seeks a high level of current income, consistent with preservation of capital and liquidity, by investing in US dollar-denominated money market securities, repurchase agreements, and possibly reverse repurchase agreements. The Fund intends to invest at least 25% of its assets in the financial services sector.

For further information, check out FDRXX vs FZDXX comparison details.

11. Compare and contrast: FDRXX vs SPAXX.

Both FDRXX and SPAXX are mutual funds. FDRXX has a higher 5-year return than SPAXX (0.86% vs 0.82%). FDRXX has a higher expense ratio than SPAXX (0.26% vs 0.15%). Below is the comparison between FDRXX and SPAXX.

FDRXX SPAXX
Segment
Net Assets $206.03B $206.14B
Expense Ratio 0.26% 0.15%
Management Style N/A N/A
Underlying Index N/A N/A
YTD Return 0.01% 0.01%
1-Year Return N/A N/A
3-Year Return 0.93% 0.9%
5-Year Return 0.86% 0.82%
10-Year Return 0.44% 0.42%
Dividend Yield 0.01% 0.01%

SPAXX profile: The Fund seeks as high a level of current income as is consistent with preservation of capital and liquidity. 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.

For further information, check out FDRXX vs SPAXX comparison details.

12. Compare and contrast: FDRXX vs SPRXX.

Both FDRXX and SPRXX are mutual funds. FDRXX has a lower 5-year return than SPRXX (0.86% vs 1.03%). FDRXX has a higher expense ratio than SPRXX (0.26% vs 0.25%). Below is the comparison between FDRXX and SPRXX.

FDRXX SPRXX
Segment
Net Assets $206.03B $4.08B
Expense Ratio 0.26% 0.25%
Management Style N/A N/A
Underlying Index N/A N/A
YTD Return 0.01% 0.01%
1-Year Return N/A N/A
3-Year Return 0.93% 1.01%
5-Year Return 0.86% 1.03%
10-Year Return 0.44% 0.54%
Dividend Yield 0.01% 0.01%

SPRXX profile: The Fund seeks a high level of current income, consistent with preservation of capital and liquidity, by investing in US dollar-denominated money market securities, repurchase agreements, and possibly reverse repurchase agreements. The Fund intends to invest at least 25% of its assets in the financial services sector.

For further information, check out FDRXX vs SPRXX comparison details.

In the FDRXX review, we covered FDRXX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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