Before making any investment decisions in mutual funds or exchange-traded funds, it is essential to thoroughly examine their investment goals, potential risks, associated charges, and expenses. For detailed information, investors should reach out to Fidelity Investments to obtain a prospectus, an offering circular, or a summary prospectus, if available. Careful review of these documents is crucial for informed investment choices.
It’s important to understand that past investment performance is not indicative of future success. Investment returns and the principal value of investments can fluctuate, meaning investors may experience gains or losses when selling shares. Current performance figures may be higher or lower than previously reported data.
Investing in money market funds carries inherent risks. While these funds aim to maintain a stable share value of $1.00, this is not guaranteed. Therefore, it is possible to lose money when investing in money market funds. It’s also critical to note that investing in a money market fund is not equivalent to opening a bank account. These funds are not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other governmental body. Fidelity Investments, along with its affiliates as the fund’s sponsor, is not obligated to cover any losses incurred by the fund, and investors should not anticipate financial support from the sponsor, even during periods of market instability. Notably, Fidelity’s government and U.S. Treasury money market funds typically do not impose fees on share sales.
However, it’s important to be aware that not all money market funds operate identically. It remains possible to lose money investing in a money market fund, and while the fund strives to keep a $1.00 per share value, this objective cannot be fully guaranteed. Certain money market funds may impose fees at the time of share redemption. Again, it’s crucial to reiterate that money market funds are not bank accounts and lack FDIC or any governmental agency insurance or guarantees. Fidelity Investments and its affiliates are not required to compensate for fund losses, and investors should not expect sponsor support, including during times of market volatility.
For individuals seeking a brokerage account tailored for investing, spending, and managing cash, the Fidelity Cash Management Account is an option. This account is designed for these purposes, with the exception of options and margin trading. For those seeking a more conventional brokerage account experience, the Fidelity Account is also available.
Fidelity Brokerage Services LLC, a member of NYSE and SIPC, operates at 900 Salem Street, Smithfield, RI 02917.
