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How to calculate investment returns for cash sweep in Fidelity accounts

Chillbill

In several of my Fidelity accounts, I have SPAXX selected as the cash sweep, which has been working fine since this feature was added in Quicken Windows this past November. What I would like to be able to do is to calculate the returns of the cash sweep account (e.g., SPAXX) but without having to change the Quicken selection to treat the money market fund as an investment position with corresponding buys and sells. All the dividend payouts for SPAXX are downloading correctly, but since I have selected SPAXX to be the cash sweep (rather than as investment position), the investment returns by security all show N/A for SPAXX.

I understand that the N/A for the IRR calculation for SPAXX is expected behavior when there is no underlying investment position when the money market fund (SPAXX) is treated as the cash sweep in Quicken. But I thought with the recent program updates that Quicken would be able to calculate the investment returns of the cash sweep in the background. But this does not look like it is possible unless the selection is made to treat the money market fund as an investment position rather than cash. Just checking to make sure this is accurate.

Thanks.

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Quicken Kristina

Hello @Chillbill,

Thank you for reaching out! We have a help article about how to track the performance of cash in an investment account: https://info.quicken.com/win/how-do-i-track-the-performance-of-cash-in-an-inves#HowdoItracktheperformanceofcashinaninvestmentaccount?-Ifyousetupyourinvestmentaccountfortransactiondownload

If you track the account manually, you would need to create a security for the cash (naming it something like MMF) so that you can track the transaction as appropriate.

If the account is a connected account, Quicken should be able to calculate the performance based on the dividend transactions. If tracking the fund as cash prevents the dividend transactions from downloading, then Quicken would be unable to calculate performance.

I hope this helps!

Chillbill

My dividend transactions for the money market (cash sweep) are downloading correctly. None of my Fidelity accounts where I have the money market selected to be treated as cash are calculating the perfromance of the money market fund. All the investment reports show "NA" for the money market fund in all the investmet performance by security reports. Like this:

Quicken Kristina

Thank you for your reply,

For further assistance with this issue, I recommend that you contact Quicken Support directly, as they have tools we can't access in the Community, and they can escalate the issue as needed. The Quicken Support phone number can be found through this link here. Phone support is available from 5:00 am PT to 5:00 pm PT, Monday through Friday.

I apologize that I could not be of more assistance!