Fund Detail: Fidelity Instit MM: MM Port II
(as of Jun 30, 2008)
The following data is available free of charge, after registration.
| Basic | |||
|---|---|---|---|
| Ticker Symbol | Target | ||
| AM (days) | Category | ||
| Assets ($M) | Minimum ($K) | ||
| Expenses | Inception | ||
| 7-Day Effective | AAA-Rated | ||
| 7-Day Yield | 7-Day Rank1 | ||
| 30-Day Yield | 30-Day Rank1 | ||
| Contact | |||
| Fund Phone | |||
| Website | http://www.fidelity.com | ||
The following information is available to subscribers of Money Fund Intelligence:
| Returns | |||
|---|---|---|---|
| 1-Year 2 | 1-Year Rank1 | ||
| 3-Year2 | 3-Year Rank1 | ||
| 5-Year2 | 1-Month3 | ||
| 10-Year 2 | 3-Month3 | ||
| Since Inception2 | YTD3 | ||
| Legend | |
|---|---|
| 1) Rankings within fund's type and category.
2) Annualized compound returns. 3) Cumulative simple returns. 4) Approximation; may be inexact due to rounding errors. |
|
More information fields, and sorting capabilities, available in Money Fund Intelligence and Money Fund Intelligence XLS hardcopy.
Definitions & Formulas
Crane Data makes every effort to obtain the most accurate statistics possible but we cannot be held responsible for incorrect information. Information is obtained from multiple sources. Money Fund Intelligence™ is for informational purposes only and should not be considered investment advice. Prospectuses and advisers should be consulted before investing. Money funds are not guaranteed by the FDIC or any government agency and may lose value. Italics indicates dated or estimated information. Additional funds, fund types, and averages will be added in coming months. Fund: Name of portfolio and share class. We attempt to list the full legal name, but abbreviations and changes are often needed. MMF=Money Market Fund, Inst=Institutional, Govt=Government. Symbol: NASDAQ Ticker Symbol. If a fund has no ticker, we assign an ID with a number in it (e.g. AIM01). Assets: Total share class investments in millions of dollars. Portfolio assets are available in MFI XLS. AM: Average weighted maturity (in # of days). Exp%: Total Expense Ratio (after waivers) as annual percentage, includes all management, 12b-1, shareholder service and administrative fees. Obtained from prospectus, accountant, fund management company or website. 7Day%: 7-Day (SEC) simple annualized yield in percent. Dividends paid over 7 days are added, divided by 7, then multiplied by 365*100 (for %). (To compound, use the SEC's formula from Form N-1A. Effective Yield= [(Base Period Return + 1)365/7] -1) 1Month: monthly return annualized in percent. 3Mo: 3-month cumulative (unannualized) returns in %. YTD: Year-to-date returns (unannnualized in %). 1 Yr%: One year total return (annualized, compound). 3Yr%: Average annualized returns for prior 36 months. 5Yr%: Average annualized total returns for prior 60 months. 10Yr%: Average annualized total returns for prior 120 months. Incept: Average annualized return since inception. Inception Date: Fund's first day of operation. Gross7: Gross 7-day yield in % (simple), calculated by adding expense ratio to current 7-day yield (annualized).
Link of the Day
more links »"Money-Fund Chorus: We're Not Raters"
Today's Wall Street Journal writes "Money-Fund Chorus: We're Not Raters", which discusses the strong opposition to removing the ratings requirements from 2a-7. See our previous coverage on the topic: "SEC to Propose Removing Ratings Agency Requirements of Rule 2a-7 (6/24/08)," "SEC Proposes 'Alternate Path' to Reduce Ratings Reliance in Rule 2a-7 (6/25/08)," "Vanguard Strongly Opposes Eliminating Credit Ratings From Rule 2a-7 (8/18/08)," and "Fund Boards Against SEC Proposal to Remove NRSROs From Rule 2a-7."
"Money market funds get last laugh" says Contra Costa Times
"Money market funds get last laugh" says The Contra Costa Times. "Money market funds are nothing more than mutual funds that invest in short-term corporate debt or notes. Assuming that you have a true money market fund, there is essentially no risk. Shares always sell for $1.00 each and the rule in the industry is to never 'break the buck.' In a few unlikely cases where some securities actually lost value within a few months, the issuing investment company ponied up the difference to protect its reputation. There IS a risk for anyone who let themselves be talked into something that was represented as a money market fund, but that turned out to be something else -- like the auction-rate securities investments that have triggered lawsuits," says the article. See also, "Maine treasurer outlines Merrill Lynch agreement," which discusses Mainsail II.
SEC Announces Successor to EDGAR Database: IDEA
Recently, the Securities & Exchange Commission announced plans for a successor to its EDGAR database. The new Interactive Data Electronic Applications (IDEA) will "give investors faster and easier access to key financial information about public companies and mutual funds," said `SEC Chairman Christopher Cox at a recent press conference (see video here). "The SEC has formally proposed requiring U.S. companies to provide financial information using interactive data beginning as early as next year, and separately has proposed requiring mutual funds to submit their public filings using interactive data," says the release.