How does SPAXX determine its dividend?

Great question, @Harrison! Let’s start with the basics. The Fidelity Government Cash Reserves (SPAXX) is one of the available core positions in your brokerage account. This is where your uninvested cash will remain until you determine what securities to invest in. Your core position will accrue monthly interest, and when interest payments are made, they will show as two line items in your account history. One will post as the dividend is received and the second will show reinvestment into the core. Money market yields are calculated daily, and accumulate over the entirety of the month to then pay out at the end of the month. You will receive a distribution based on how many days you held the money market position in your account during the month. Money Market Funds 101: https://www.reddit.com/r/fidelityinvestments/comments/12r4tg9/money_market_funds_101_a_guide_to_help_you/ To add a little bit more about money market yields; unlike securities such as stocks, most money market funds seek to maintain a stable net asset value (NAV), aka share price. For money market funds, the investor’s standard measure of performance is the 7-day yield. The 7-day yield is defined as the average income return over the previous seven days, assuming the rate stays the same for one year. It’s the fund’s total income net of expenses, divided by the total number of outstanding shares, and includes any applicable waiver or reimbursement in the fund expense ratio. Keep in mind that money market fund yields are subject to change based on movements in short-term interest rates and other factors.

The amount paid to those holding shares of these funds is based on the number of shares owned each day of the month. Generally, income on money market funds accrues daily and dividends are paid out on the last business day of each month. By default, those month-end distributions are reinvested into the money market fund that paid them. If you have any other questions about this, please don’t hesitate to follow up with us, we’re here to help! 🟢

Thank you for the follow-up, @Harrison. You can compare SPAXX to FZFXX by using our “Compare” feature. To compare the funds, pull a quote on one of them, then click “Compare” in the top right. Add the other symbol and click add to compare. You can use the tabs to compare the features to help you determine which fund you prefer. If you have additional questions, please let us know. 🟢

Hey, @Harrison. You can generally access the compare feature from the research page of one of the desired funds you’re looking to compare. That said, you can also get to this tool using our Mutual Fund Screener below. Mutual Fund Screener: https://fundresearch.fidelity.com/fund-screener Once you’ve selected desired criteria, click “View Funds” to review your results. Each fund will have a white check box allowing you to choose up to 5 funds at a time for comparison. After checking the boxes next to desired funds, select “Compare Funds” to utilize the tool. Let us know if more questions come up. We’re here to help! 🟢

Hi there, @Harrison. Fidelity does offer a Roth IRA for minors. This account can be opened and managed by any adult—parent, grandparent, aunt, uncle, or family friend—on behalf of a minor earning income. Roth IRA for kids: https://www.fidelity.com/retirement-ira/roth-ira-kids. Please let us know if you have additional questions. 🟢

Thank you for the kind words. I’ll let @FidelityCaitlin know. Please reach out if you ever need us. We’re happy to help. 🟢

Hey, @Harrison. I’m happy to chime in here regarding the maximum deposit amount for a Youth account. There is generally a $30K annual deposit limit for Fidelity Youth accounts. If annual activity exceeds this limit, the account holder and parent/guardian will be notified and asked to withdraw funds. You can learn more about money movement, trading, and other pertinent information regarding our Youth accounts by reviewing our FAQs. I’ll go ahead and link these for you below. Youth Account FAQs: https://www.fidelity.com/go/youth-account/faqs If you have other questions, you’re welcome to follow up with us here as well. We’re always glad to help! 🟢

Great question, @Harrison. I can certainly clarify. This limit refers to the amount deposited to the account annually. Therefore, deposits made to the account will be monitored to not exceed the annual limit. Let us know if you have any additional questions. 🟢

Another great question, @Harrison. Currently, the only limitation that applies to the Fidelity Youth account is the $30k annual deposit limit. If you need anything else, we are here to help! 🟢