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

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

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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.

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  • 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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