I just called them and they had to research to find the answer. The prospectus is not clear. But I was told you only need the minimum initial investment of 100k to open the account. There is no minimum balance requirement after it has been opened.
I don’t believe it is an option to use as your core account but is owned as a mutual fund money market account within your brokerage account like any other mutual fund would be. So if you needed to use the funds you might have to transfer from the FZDXX to the core account and use the funds from there.
You have to purchase it like any other fund.
Thanks!
But just to be clear - the price per share remains at $1 over time, correct? There is no way to lose money by investing in it?