Fidelity Money Market Funds Resource Center

Money market insights and resources

Fidelity is one of the largest and most trusted money market mutual fund providers in the industry. Our money market funds invest in high-quality money market securities and seek to provide safety, liquidity, and competitive returns for our customers.

Safety and liquidity have always been, and will continue to be, Fidelity's top priority objectives in managing money market funds. As one of the largest and most trusted money market providers in the industry, we are proud to manage nearly $1T1 in money market assets for millions of our customers. We continue to invest in high-quality money market securities and seek to provide safety, liquidity, and competitive returns for our customers.
Kevin Gaffney, Chief Investment Officer, Money Markets

Size and Scale

One of the most trusted names in money markets

LARGEST MANAGER OF MONEY MARKET FUNDS

$1,030.0$516.9$486.7$440.0$412.7$357.8$349.2$250.3$249.4$163.502004006008001,0001,200FidelityJPMorganBlackRockGoldmanSachsVanguardSchwabFederatedMorganStanleyDreyfusSSgAAssets ($B)

Source: iMoneyNet and Fidelity Investments as of 3/31/2023. Assets exclude central funds.

FIDELITY'S MARKET SHARE ~21%

0.0%2.5%5.0%7.5%10.0%12.5%15.0%17.5%20.0%22.5%25.0%02004006008001,0001,200200020022004200620082010201220142016201820202022Assets ($B)Assets Market Share

Source: iMoneyNet and Fidelity Investments as of 3/31/2023. Assets exclude central funds.

Types of Money Market Funds at Fidelity

Fund Type Net Asset Value (NAV) Liquidity Fee Redemption Gate
U.S. Treasury* Stable No No
Government* Stable No No
Retail Municipal Stable Yes Yes
Retail Prime^ Stable Yes Yes
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  • In order to avoid a negative yield, FMR may reimburse expenses or waive fees of certain funds and/or the funds' distributors may waive all or a portion of the 12b-1 fees. Any such waivers or expense reimbursements would be voluntary and could be discontinued at any time. There is no guarantee that these funds will be able to avoid a negative yield.
  • 1 Source: Fidelity Investments, as of 12/31/22.
  • * You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Fidelity Investments and its affiliates, the fund's sponsor, have no legal obligation to provide financial support to any Fidelity money market fund, and you should not expect that the sponsor will provide financial support to the fund at any time.
  • Fidelity's government and U.S. Treasury money market funds will not impose a fee upon the sale of your shares, nor temporarily suspend your ability to sell shares if the fund's weekly liquid assets fall below 30% of its total assets because of market conditions or other factors.
  • ^ You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Fidelity Investments and its affiliates, the fund's sponsor, have no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.
 
 

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