FMQXX — Fidelity SAI Municipal Money Market Fund
Data updated: 2026-06-11
FMQXX — Fidelity SAI Municipal Money Market Fund. Money Market · 0.07% expense ratio. Holdings, fees, performance and SEC filings.
FMQXX Fund Overview
FMQXX — Fidelity SAI Municipal Money Market Fund is a US mutual fund managed by Fidelity Salem Street Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Fidelity Salem Street Trust
- Category: Money Market
- Ticker: FMQXX
- SEC CIK: 0000035315
- SEC series ID: S000059873
- Share class ID: C000195869
FMQXX Investment Objective and Strategy
Fidelity SAI Municipal Money Market Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Fidelity Salem Street Trust.
Investment objective
Fidelity SAI Municipal Money Market Fund seeks as high a level of interest income exempt from federal income tax as is consistent with liquidity and stability of principal.
Principal investment strategy
"Normally investing in municipal money market securities. Normally investing at least 80% of assets in municipal securities whose interest is exempt from federal income tax (but may be subject to the federal alternative minimum tax). Municipal money market securities are high-quality, short-term debt securities that pay a fixed, variable, or floating interest rate, and include variable rate demand notes, commercial paper, and municipal notes. Municipal securities are issued to raise money for a variety of public and private purposes, including general financing for state and local governments, financing for eligible non-profit organizations, or financing for a specific project or public facility. Potentially investing up to 20% of assets in securities subject to state and/or federal income tax.
Potentially investing more than 25% of total assets in municipal securities that finance similar types of projects. Investing in compliance with industry-standard regulatory requirements for money market funds for the quality, maturity, liquidity, and diversification of investments. Investing in Fidelity's Central funds (specialized investment vehicles used by Fidelity funds to invest in particular security types or investment disciplines). Although the fund is a money market fund, it will price and transact at a ""floating"" net asset value per share (NAV) that will fluctuate based on changes in the value of the fund's investments."
FMQXX Holdings
Top 1 holdings of Fidelity SAI Municipal Money Market Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Revere Street Trust | 99.81% |
FMQXX Costs and Fees
FMQXX costs about $7 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.07%
- Gross expense ratio: 0.29%
FMQXX Debt Constituents
No individual debt constituents are reported in Fidelity SAI Municipal Money Market Fund's latest SEC N-PORT filing.
FMQXX Prospectus and SEC Filings
Official Fidelity SAI Municipal Money Market Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Money Market funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.