FETXX Fees and Costs — Fidelity Investments Money Market Tax-Exempt Portfolio, Class III
Data updated: 2026-06-11
The net expense ratio is 0.43%: a 0.14% management fee, a 0.25% 12b-1 fee plus 0.08% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees.
FETXX Fees and Expenses
Annual operating expenses and sales charges of FETXX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.14% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.47% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.43% |
| 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 |
FETXX Costs Over Time
On $10,000 invested in FETXX, assuming 5% a year before costs, total costs come to $272 over 5 years, cutting the return by 0.45% 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 0.43%) | $45 | $142 | $247 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $45 | $149 | $272 |
| Value after costs | $10,455 | $11,428 | $12,491 |
| Impact on return, per year | 0.45% | 0.45% | 0.45% |
FETXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $38.2B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
FETXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $11.6B | 32.66% |
| BARCLAYS PLC | $5.9B | 16.53% |
| BANK OF AMERICA CORPORATION | $5.4B | 15.32% |
| GOLDMAN SACHS GROUP INC (THE) | $2.5B | 7.13% |
| MORGAN STANLEY | $2.2B | 6.31% |
| WELLS FARGO and CO | $1.9B | 5.48% |
| THE TORONTO DOMINION BANK | $1.7B | 4.70% |
| US BANCORP DEL | $1.5B | 4.10% |
| TRUIST FINANCIAL CORP | $1.4B | 3.96% |
| ROYAL BANK OF CANADA | $1.4B | 3.81% |
Fidelity Investments Money Market Tax-Exempt Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FTCXX | Class I | 0.18% | — |
| FSXXX | Select Class | 0.23% | — |
| FEXXX | Class II | 0.33% | — |
| FETXX | Class III | 0.43% | — |
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.