FAYXX Fees and Costs — Fidelity New Jersey Municipal Money Market Fund
Data updated: 2026-02-11
The net expense ratio is 0.42%: a 0.20% management fee plus 0.22% other expenses. There are no sales loads or redemption fees.
FAYXX Fees and Expenses
Annual operating expenses and sales charges of FAYXX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.42% |
| Fee waiver | — |
| Net expense ratio | 0.42% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FAYXX Costs Over Time
On $10,000 invested in FAYXX, assuming 5% a year before costs, total costs come to $266 over 5 years, cutting the return by 0.44% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.42%) | $44 | $138 | $242 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $44 | $145 | $266 |
| Value after costs | $10,456 | $11,431 | $12,497 |
| Impact on return, per year | 0.44% | 0.44% | 0.44% |
FAYXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $878.3M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
FAYXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $366.0M | 43.60% |
| BARCLAYS PLC | $110.6M | 13.17% |
| JEFFERIES FINANCIAL GROUP INC | $81.7M | 9.73% |
| BANK OF AMERICA CORPORATION | $72.5M | 8.64% |
| MORGAN STANLEY | $64.6M | 7.69% |
| TRUIST FINANCIAL CORP | $42.6M | 5.07% |
| THE TORONTO DOMINION BANK | $35.1M | 4.18% |
| ROYAL BANK OF CANADA | $25.4M | 3.03% |
| WELLS FARGO and CO | $23.9M | 2.85% |
| UBS GROUP AG | $17.2M | 2.04% |
Fidelity New Jersey Municipal Money Market Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FSKXX | Institutional Class | 0.20% | — |
| FSJXX | Premium Class | 0.30% | — |
| FAYXX | Fidelity New Jersey Municipal Money Market Fund | 0.42% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.