This is the composition of the Fidelity Government Money Market Fund (SPAXX):


How is it possible that the "Net Other Assets" is negative?


Net Other Assets include cash and receivables and payables related to open security or capital stock trades.

Presumably they have higher payables (a short-term liability) than receivables and cash, resulting in a net negative "asset" category.

  • How could a money market mutual fund have more payables than receivables and cash?
    – Flux
    Jun 7 at 15:06
  • 1
    It depends on netting agreements and credit terms (how long they have to settle) they have with counterparties, They may explain it in the annual reports and/or financial statements.
    – D Stanley
    Jun 7 at 15:18

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