Fidelity Phillips Street Trust has released its latest financial report, showcasing robust liquid assets and a stable net asset value. This update is significant as it reflects the company’s ongoing strength in the investment sector, particularly within government money market funds.

According to the filing dated November 6, 2026, Fidelity Phillips Street Trust reported a total value of daily liquid assets amounting to approximately $159.8 billion and weekly liquid assets of about $183.8 billion. The net asset value per share was maintained at $1.0000, indicating stability in its pricing and investor confidence.

Background

Fidelity Phillips Street Trust, incorporated in Delaware, operates as an investment entity. The company is known for its Fidelity Government Cash Reserves series, which is classified under the investment sector. The trust has been actively filing reports, with the most recent ones being N-MFP3 forms. The trust previously operated under the name Fidelity Cash Reserves until a name change in January 1993.

What the Filing Says

The recent filing outlined key financial metrics, including:

  • Total value of portfolio securities: $247.2 billion
  • Total cash: $450 million
  • Average portfolio maturity: 34 days
  • Average life maturity: 108 days

Additionally, the trust reported a seven-day gross yield of 0.0391% as of September 30, 2026, reflecting its competitive positioning in the market.

Impact

This financial update may influence various stakeholders, including investors seeking stable returns in a fluctuating market. The trust’s substantial liquid assets and stable net asset value could attract more investors, potentially impacting competitors in the government money market fund sector.

What's Next

The filing does not specify what happens next, but continued monitoring of investor flows and market conditions will be essential for Fidelity Phillips Street Trust as it navigates the investment landscape.