FTCXX: Fidelity® Investments Money Market Funds Tax Exempt Portfolio - MutualFunds.com

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Fidelity® Inv MM Fds Tax Exempt I

FTCXX - Snapshot

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 1.1%
  • 5 Yr Annualized Return 0.9%
  • Net Assets $5.72 B
  • Holdings in Top 10 18.9%

52 WEEK LOW AND HIGH

$1.00
$1.00
$1.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.21%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Aug 14, 2020
  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification


Compare FTCXX to Popular Tax-Free Money Market Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$1.00

0.00%

$17.74 B

-

$0.00

0.00%

-

$1.00

0.00%

$15.14 B

-

$0.01

-

$1.00

0.00%

$13.05 B

-

$0.00

0.00%

-

$1.00

0.00%

$9.27 B

-

$0.00

0.00%

-

FTCXX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.34%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity® Investments Money Market Funds Tax Exempt Portfolio
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Jul 25, 1985
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Management Team

Fund Description

The fund normally invests at least 80% of assets in municipal securities whose interest is exempt from federal income tax. It potentially invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund invests in compliance with industry-standard regulatory requirements for money market funds for the quality, maturity, liquidity, and diversification of investments.


FTCXX - Performance

Return Ranking - Trailing

Period FTCXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.0% 8.96%
1 Yr 0.7% 0.0% 0.8% 8.42%
3 Yr 1.1%* 0.0% 1.5% 8.11%
5 Yr 0.9%* 0.0% 1.0% 5.20%
10 Yr 0.4%* 0.0% 0.5% 4.43%

* Annualized

Return Ranking - Calendar

Period FTCXX Return Category Return Low Category Return High Rank in Category (%)
2019 0.0% 0.0% 0.0% 8.76%
2018 N/A 0.0% 0.0% 14.97%
2017 N/A 0.0% 0.0% 15.28%
2016 N/A 0.0% 0.0% 15.80%
2015 N/A 0.0% 0.0% 15.78%

Total Return Ranking - Trailing

Period FTCXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.0% 8.96%
1 Yr 0.7% -0.9% 0.8% 8.42%
3 Yr 1.1%* 0.0% 1.5% 8.11%
5 Yr 0.9%* 0.0% 1.0% 5.20%
10 Yr 0.4%* 0.0% 0.5% 4.43%

* Annualized

Total Return Ranking - Calendar

Period FTCXX Return Category Return Low Category Return High Rank in Category (%)
2019 0.0% 0.0% 0.0% 8.76%
2018 N/A 0.0% 0.0% 14.97%
2017 N/A 0.0% 0.0% 15.29%
2016 N/A 0.0% 0.0% 15.80%
2015 N/A 0.0% 0.0% 15.78%

NAV & Total Return History


FTCXX - Holdings

Concentration Analysis

FTCXX Category Low Category High FTCXX % Rank
Net Assets 5.72 B 24.8 M 17.7 B 5.34%
Number of Holdings 683 1 991 2.43%
Net Assets in Top 10 1.07 B 9.52 M 15.1 B 9.22%
Weighting of Top 10 18.89% 9.7% 100.0% 87.86%

Top 10 Holdings

  1. Fidelity Revere Str Tr 7.46%
  2. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 2.35%
  3. CONNECTICUT ST 1.58%
  4. TEXAS ST 1.57%
  5. RBC MUN PRODS INC TR VARIOUS STS 1.31%
  6. VALDEZ ALASKA MARINE TERM REV 1.02%
  7. TEXAS ST 0.99%
  8. RBC MUN PRODS INC TR VARIOUS STS 0.99%
  9. VALDEZ ALASKA MARINE TERM REV 0.94%
  10. DEUTSCHE BK SPEARS/LIFERS SER DBE-7001 TR 0.88%

Asset Allocation

Weighting Return Low Return High FTCXX % Rank
Bonds
82.07% 0.00% 100.00% 66.50%
Cash
10.47% 0.00% 100.00% 59.22%
Other
7.46% 0.00% 14.97% 7.28%
Stocks
0.00% 0.00% 0.00% 8.74%
Preferred Stocks
0.00% 0.00% 0.00% 8.74%
Convertible Bonds
0.00% 0.00% 0.00% 8.74%

Bond Sector Breakdown

Weighting Return Low Return High FTCXX % Rank
Municipal
88.49% 0.00% 100.00% 48.54%
Cash & Equivalents
11.31% 0.00% 100.00% 51.46%
Government
0.20% 0.00% 35.75% 4.85%
Derivative
0.00% 0.00% 0.00% 8.74%
Securitized
0.00% 0.00% 0.00% 8.74%
Corporate
0.00% 0.00% 0.00% 8.74%

Bond Geographic Breakdown

Weighting Return Low Return High FTCXX % Rank
US
82.07% 0.00% 100.00% 66.50%
Non US
0.00% 0.00% 0.00% 8.74%

FTCXX - Expenses

Operational Fees

FTCXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.21% 0.15% 1.67% 94.06%
Management Fee 0.14% 0.08% 0.50% 19.42%
12b-1 Fee N/A 0.00% 0.75% N/A
Administrative Fee N/A 0.03% 0.50% N/A

Sales Fees

FTCXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

FTCXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FTCXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 16.00% N/A

FTCXX - Distributions

Dividend Yield Analysis

FTCXX Category Low Category High FTCXX % Rank
Dividend Yield 0.00% 0.00% 0.42% 9.22%

Dividend Distribution Analysis

FTCXX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FTCXX Category Low Category High FTCXX % Rank
Net Income Ratio 1.34% 0.01% 2.09% 8.42%

Capital Gain Distribution Analysis

FTCXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

FTCXX - Fund Manager Analysis

Managers

Management Team


Start Date

Tenure

Tenure Rank

Jul 01, 2003

17.35

17.4%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.67 32.53 13.55 13.68
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