Fidelity Fund Options for Institutional Investors

Fidelity money market mutual funds are aligned with new U.S. Securities and Exchange Commission (SEC) rules that Fidelity implemented on October, 1 2016. Below are details about funds available to institutional investors.

Government and core money market mutual funds1

Government fund features

  • Taxable funds investing in government securities
  • For retirement and nonretirement accounts
  • Available to both retail and institutional investors
  • Able to transact at traditional, stable $1.00 net asset value (NAV) per share
  • Not subject to potential redemption restrictions
    (unlike prime and municipal money market mutual funds)

Available funds

Fidelity Government (available for use as a core position in a retirement or non‐retirement account, used for processing cash transactions and for holding uninvested cash)

Fidelity Government Cash Reserves

For investors seeking more conservative funds with potentially lower yields
Fidelity Treasury (available for use as a core position in a retirement or non‐retirement account, used for processing cash transactions and for holding uninvested cash)
Fidelity Treasury Only

For investments of $100,000+, $1million+, or $10million+
Fidelity Government – Premium Class
FIMM Government – Class I
FIMM Government – IL Class (FRGXX)

For investors seeking more conservative funds with potentially lower yields
FIMM Treasury – Class I
FIMM Treasury – IL Class (FRBXX)
FIMM Treasury Only – Class I
FIMM Treasury Only – IL Class (FRSXX)

Available only through certain employer retirement plans
FMMT Retirement Government II
FMMT Retirement Government

Institutional prime money market mutual funds2

Institutional prime fund features

  • Taxable funds investing in corporate and government securities
  • For retirement and nonretirement accounts
  • May impose redemption fee or temporarily halt redemptions if fund liquidity falls below regulatory limits during a period of extraordinary market stress
  • Transact at a floating four-decimal NAV (e.g., $1.0000) and available to corporations and other types of organizations

For investments of $1million+ or $10million+
FIMM Prime Reserves – Class I
FIMM Prime Reserves – IL Class (FHPXX)

Learn more

What are money market funds?

Learn more about money market funds, a type of fixed income mutual fund that invests in debt securities characterized by their short maturities and minimal credit risk.