17 important things you should know about FDRXX mutual fund
Updated: August 16, 2022
Pros
No sales load or distribution fees
Cons
Low net assets

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. How many up and down years did FDRXX have historically?
  5. What is FDRXX dividend yield?
  6. What is FDRXX minimum initial investment amount?
  7. What is FDRXX expense ratio?
  8. Does FDRXX have any sales loads or 12b-1 distribution expenses?
  9. What is FDRXX tax efficiency (tax-cost ratio)?
  10. What is FDRXX beta? How would you assess FDRXX risk?
  11. What is FDRXX Sharpe ratio?
  12. What is FDRXX Finny Score? FDRXX buy or sell?
  13. What are the pros of investing in FDRXX? What are FDRXX buy reasons?
  14. What are the cons of investing in FDRXX? What are FDRXX sell reasons?
  15. Compare and contrast: FDRXX vs SPAXX.
  16. Compare and contrast: FDRXX vs FZDXX.
  17. 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).

2. What are FDRXX top holdings?

FDRXX has 0 stock holdings and 84 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:

4. How many up and down years did FDRXX have historically?

In the last 10 years, FDRXX had 10 up years and 0 down years.

FDRXX up and down years

5. What is FDRXX dividend yield?

FDRXX yield is %.

6. What is FDRXX minimum initial investment amount?

FDRXX minimum initial investment amount is N/A.

7. What is FDRXX expense ratio?

FDRXX expense ratio is %. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

FDRXX expenses

8. 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.

9. What is FDRXX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is %;
  • 3-year ax cost ratio is %.
FDRXX tax costs

10. What is FDRXX beta? How would you assess FDRXX risk?

FDRXX Beta

11. What is FDRXX Sharpe ratio?

  • 15-year Sharpe ratio is 0.03.
FDRXX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is N/A. Our quantitative analysis shows 1 reason to buy and 1 reason to sell. Finny Scores are not available if there are insufficient data points from the analysis.

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

The following are FDRXX strengths from our perspective:

  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

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

The following are FDRXX weaknesses from our perspective:

  • FDRXX net assets are $0.00 million. This fund is not a popular choice with retail investors.

Alternatives

15. Compare and contrast: FDRXX vs SPAXX.

Both FDRXX and SPAXX are mutual funds.

FDRXX and SPAXX have the same 5-year return (%).

FDRXX and SPAXX have the same expense ratio (%). Below is the comparison between FDRXX and SPAXX.

FDRXX SPAXX
Segment
Net Assets N/A N/A
Expense Ratio N/A N/A
Management Style N/A N/A
Underlying Index N/A N/A
Dividend Yield N/A N/A

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

16. Compare and contrast: FDRXX vs FZDXX.

Both FDRXX and FZDXX are mutual funds.

FDRXX and FZDXX have the same 5-year return (%).

FDRXX and FZDXX have the same expense ratio (%). Below is the comparison between FDRXX and FZDXX.

FDRXX FZDXX
Segment
Net Assets N/A N/A
Expense Ratio N/A N/A
Management Style N/A N/A
Underlying Index N/A N/A
Dividend Yield N/A N/A

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

17. Compare and contrast: FDRXX vs SPRXX.

Both FDRXX and SPRXX are mutual funds.

FDRXX and SPRXX have the same 5-year return (%).

FDRXX and SPRXX have the same expense ratio (%). Below is the comparison between FDRXX and SPRXX.

FDRXX SPRXX
Segment
Net Assets N/A N/A
Expense Ratio N/A N/A
Management Style N/A N/A
Underlying Index N/A N/A
Dividend Yield N/A N/A

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.