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Gross Expense Ratio question

138 45 August 1, 2024 at 07:24 PM
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I have two accounts
One is an HYS making 5%
One is a cash management account making 5% but has a gross expense ratio of .42%.
Am I correct to think the CMA is making less than the HYS?
Thanks in advance.
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simiglen
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kcobra
08-02-2024 at 08:44 AM.
08-02-2024 at 08:44 AM.
Quote from simiglen :
I have two accounts
One is an HYS making 5%
One is a cash management account making 5% but has a gross expense ratio of .42%.
Am I correct to think the CMA is making less than the HYS?
Thanks in advance.
Guessing you are talking Fidelity here and probably SPAXX money market fund? If so, the yield listed in the prospectus is after the expense ratio. So for SPAXX, your current 7 day yield is 4.98%.

https://fundresearch.fidelity.com.../31617H102
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