
Seeks as high a level of current income as is consistent with preservation of capital and liquidity.
Is SPAXX's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Most Fidelity investors never question where their idle cash lands, but the default choice comes with a fee that quietly compounds against you every time short-term rates shift.

Fidelity quietly assigned your uninvested cash to a fund you never chose, and the fee structure baked into it means most investors are leaving money on the table without realizing it.

Most Vanguard account holders never chose to own VMFXX, yet it quietly controls what their uninvested cash earns every single day. What it does with that money, and whether it beats the alternatives, depends on details most investors never bother to check.

Most Vanguard investors never chose to own VMFXX, yet it quietly holds their cash by default and generates real yield on Treasury bills. Whether that default is actually working in your favor depends on a few factors most account holders have never checked.