Fidelity Municipal Money Market Mutual Funds

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 available municipal funds.

Municipal fund features

  • Invest in municipal securities with income that is normally free from federal income tax, federal alternative minimum tax (AMT), and/or state income tax
  • For nonretirement accounts
  • May impose redemption fee or temporarily halt redemptions if fund liquidity falls below regulatory limits during a period of extraordinary market stress
  • Retail funds able to transact at traditional, stable $1.00 net asset value (NAV) per share
  • Available only to "natural person" investors who are not corporations or other types of organizations

Available funds

National retail

For investors seeking federal tax-free income
Fidelity Municipal

For investors seeking federal AMT-free income
Fidelity Tax-Exempt

For investments of $100,000+ or $1 million+
Fidelity Tax-Exempt – Premium Class
FIMM Tax-Exempt – Class I

State retail

Arizona Municipal
California Municipal
Connecticut Municipal
Massachusetts Municipal
Michigan Municipal
New Jersey Municipal
New York Municipal
Ohio Municipal
Pennsylvania Municipal

For investors seeking federal AMT-free income
California AMT Tax-Free
Massachusetts AMT Tax-Free
New Jersey AMT Tax-Free
New York AMT Tax-Free

For investments of $1 million+ 
California AMT Tax-Free – IL Class (FSBXX)
Massachusetts AMT Tax-Free – IL Class (FMAXX)
New Jersey AMT Tax-Free – IL Class (FSKXX)
New York AMT Tax-Free – IL Class (FNKXX)

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.