14 important things you should know about FRGXX mutual fund
Updated: December 01, 2021
Bull case
3-year return above the benchmark
5-year return above the benchmark
Low expense ratio
No sales load or distribution fees
Bear case
10-year return below the benchmark

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

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

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

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

  1. Describe Fidelity Colchester Street Trust: Government Portfolio; Institutional Class Shares (FRGXX).
  2. What are FRGXX holdings?
  3. What is FRGXX performance? What are FRGXX historical returns?
  4. How many up and down years did FRGXX have historically?
  5. What is FRGXX dividend yield?
  6. What is FRGXX minimum initial investment amount?
  7. What is FRGXX expense ratio?
  8. Does FRGXX have any sales loads or 12b-1 distribution expenses?
  9. What is FRGXX tax efficiency (tax-cost ratio)?
  10. What is FRGXX beta? How would you assess FRGXX risk?
  11. What is FRGXX Sharpe ratio?
  12. What is FRGXX Finny Score? FRGXX buy or sell?
  13. What are the pros of investing in FRGXX? What are FRGXX buy reasons?
  14. What are the cons of investing in FRGXX? What are FRGXX sell reasons?

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

Fact Sheet

1. Describe Fidelity Colchester Street Trust: Government Portfolio; Institutional Class Shares (FRGXX).

The Fund seeks a high level of current income consistent with the preservation of principal and liquidity within the limitations prescribed for the Fund.

2. What are FRGXX top holdings?

FRGXX has 0 stock holdings and 121 bond holdings.

The top 10 holdings represent 69.27% of total assets. Here are the top holdings:

Name Symbol % Assets
Federal Home Loan Bank 4/1/19 To N/A 33.85%
U.S. Treasury Bills 4/2/19 To N/A 11.01%
In A Joint Trading Account At: 2.63% Dated 3/29/19 Due (Collateralized By ( N/A 6.06%
U.S. Treasury Notes 4/30/19 To N/A 4.77%
Freddie Mac 4/10/19 To N/A 3.59%
Federal Farm Credit Bank 5/7/19 To N/A 3.21%
United States Treasury Notes 2.55% N/A 2.68%
Barclays Bank Plc At: 2.6% Dated 3/29/19 Due 4/1/19 (Collateralized By U.S. N/A 1.53%
Nomura Securities International, Inc. At 2.6% Dated 3/29/19 Due 4/1/19 (Col N/A 1.33%
Fixed Income Clearing Corp. - Bnym At 2.65% Dated 3/29/19 Due 4/1/19 (Colla N/A 1.24%

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

FRGXX has generated the following returns:

  • 3-year return is 0.91%;
  • 5-year return is 1.02%;
  • 10-year return is 0.54%.

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

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

FRGXX up and down years

5. What is FRGXX dividend yield?

FRGXX yield is 0.01%.

6. What is FRGXX minimum initial investment amount?

FRGXX minimum initial investment amount is N/A.

7. What is FRGXX expense ratio?

FRGXX expense ratio is 0.13%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

FRGXX expenses

8. Does FRGXX have any sales loads or 12b-1 distribution expenses?

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

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

  • 1-year ax cost ratio is 0%;
  • 3-year ax cost ratio is 0.39%.
FRGXX tax costs

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

FRGXX Beta

11. What is FRGXX Sharpe ratio?

  • 3-year Sharpe ratio is -2.01;
  • 5-year Sharpe ratio is -2.41.
FRGXX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 80. Our quantitative analysis shows 4 reasons to buy and 1 reason to sell it, resulting in the Finny Score of 80.

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

The following are FRGXX strengths from our perspective:

  • FRGXX 3-year return is 0.91%, which is in line with the 3-year return of the benchmark index (USTREAS Treasury Bill Auction Average 3 Month), 0.99%.
  • FRGXX 5-year return is 1.02%, which is in line with the 5-year return of the benchmark index (USTREAS Treasury Bill Auction Average 3 Month), 1.13%.
  • FRGXX expense ratio is 0.13%, which is considered low. Nice job picking a low-cost fund.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

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

The following are FRGXX weaknesses from our perspective:

  • FRGXX 10-year return is 0.54%, which is lower than the 10-year return of the benchmark index (USTREAS Treasury Bill Auction Average 3 Month), 0.61%.
In the FRGXX review, we covered FRGXX 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.