I’m not sure what gave you the idea that money market funds can’t hold “bonds”. It must have a very short average maturity, but that doesn’t meet it can’t hold bonds that are close to maturity (but had a longer maturity originally) or hold a small percentage of bonds that have a longer maturity.
FDLXX only has 1.3% of its assets in securities with a maturity longer than 180 days, so I don’t know where you get your notion of 9% “non-short term bonds”.
FDLXX only has 1.3% of its assets in securities with a maturity longer than 180 days, so I don’t know where you get your notion of 9% “non-short term bonds”.
Statistics: Posted by Geologist — Thu Apr 25, 2024 6:25 pm — Replies 4 — Views 191