FDRXX - Fidelity Government Cash Reserves
7-day yield, assets, and how it ranks - from the September 2026 month-end N-MFP filing.
Data: September 2026 month-end SEC filings
All figures are from the September 2026 month-end Form N-MFP filings (report date ) - money-market funds must file within five business days of month-end. Regulatory data, not live quotes.
- As of the Form N-MFP filing (September 2026 month-end), FDRXX (Fidelity Government Cash Reserves) has a 7-day net yield of 3.55%.
- FDRXX's 7-day yield ranks #471 of 886 US money-market fund ticker share classes reporting a yield for September 2026.
- FDRXX is a Government money-market fund share class with $248.0B in net assets (#4 of 886 ticker classes by size).
- The fund's series-level 7-day gross yield was 3.91% - the 0.36-point gap to this class's net yield reflects fund expenses.
- At September 2026 month-end the fund's portfolio had a weighted average maturity (WAM) of 35 days and a weighted average life (WAL) of 106 days, with 57.0% of assets in daily liquid assets and 73.0% in weekly liquid assets (SEC minimums: 25% daily, 50% weekly).
- Twelve months earlier (September 2025) FDRXX's 7-day yield was 3.84% - it has moved down 0.29 points over the year.
- FDRXX's highest month-end 7-day yield in the SEC's structured data (since April 2016) is 5.03%, reported for December 2023.
Yield history
Portfolio (series level)
Compare
FDRXX vs SPAXX · FDRXX vs FDLXX · FDRXX vs SPRXX · VMFXX vs FDRXX · SWVXX vs FDRXX · SNSXX vs FDRXX · VMRXX vs FDRXX · FDRXX vs VUSXX · FDRXX vs FZFXX · FDRXX vs SNVXX · FDRXX vs SNOXX · FDRXX vs FZDXX · FDRXX vs SNAXX · FDRXX vs VMSXX · FDRXX vs SWOXX · FDRXX vs TSCXX · FDRXX vs GABXX
Fund context & source
Fidelity Government Cash Reserves is a series of Fidelity Phillips Street Trust (SEC series ID S000007149). The whole series held $248.0B across all share classes at September 2026 month-end.
This page shows the class's month-end regulatory filing, not a live quote - 7-day yields move daily. For today's yield, check Fidelity. Verify the filing itself on EDGAR: N-MFP filings for this series.
State-tax note (2025 tax year)
Fidelity reports that 52.17% of FDRXX's 2025 dividend income came from US government obligations - the portion most states exempt from income tax. The fund did not meet the 50%-of-assets test that California, Connecticut, and New York require (source). Figures change each tax year. Full table and calculator: tax-equivalent yield.
FAQ
What is FDRXX's 7-day yield?
As of the September 2026 month-end SEC Form N-MFP filing (September 30, 2026), FDRXX (Fidelity Government Cash Reserves) has a 7-day net yield of 3.55%.
Is FDRXX a government money market fund?
Yes - FDRXX is classified as a Government money-market fund in its own September 2026 Form N-MFP filing.
What is the minimum initial investment for FDRXX?
FDRXX reports a minimum initial investment of None on its September 2026 Form N-MFP filing.