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 stability, 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

$1,059.7 $574.0 $499.5 $435.6 $428.6 $392.9 $353.7 $263.3 $238.3 $170.4 Assets ($B) Fidelity JPMorgan BlackRock Goldman Sachs Vanguard Schwab Federated Morgan Stanley Dreyfus SSgA 0 200 400 600 800 1,000 1,200

Source: iMoneyNet and Fidelity Investments as of 6/30/23. Assets exclude central funds.

FIDELITY'S MARKET SHARE ~21%

0 200 400 600 800 1,000 1,200 0.0% 2.5% 5.0% 7.5% 10.0% 12.5% 15.0% 17.5% 20.0% 22.5% 25.0% 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 YTD-2023 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 Assets ($B) Market Share Assets

Source: iMoneyNet and Fidelity Investments as of 6/30/23. Assets exclude central funds.

Types of Money Market Funds at Fidelity

Fund Type* Net Asset Value (NAV) Mandatory Liquidity Fee^ Discretionary Liquidity Fee^
U.S. Treasury Stable No No
Government Stable No No
Retail Municipal Stable No Yes
Retail Prime^ Stable No Yes
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  • 1 Source: Fidelity Investments, as of 6/30/23.
  • * 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.
  • ^ On July 12, 2023, the SEC adopted amendments to Rule 2a-7 ("ew rules") to be implemented over 2023 and 2024. Under the new rules, only institutional prime and institutional tax-exempt money market funds are subject to the mandatory liquidity fee framework. Discretionary liquidity fees apply for all prime and tax-exempt money market funds, and do not apply to U.S. Treasury or government money market funds unless they opt in (after advance notice to shareholders). The compliance date for the mandatory liquidity fee framework is October 2, 2024, and for the discretionary liquidity fee framework is April 2, 2024.
 
 

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