FNKXX Fees and Costs — Fidelity New York Municipal Money Market Fund, Institutional Class
Data updated: 2026-04-13
The net expense ratio is 0.20%: a 0.20% management fee plus 0.05% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees.
FNKXX Fees and Expenses
Annual operating expenses and sales charges of FNKXX. Prospectus, as of April 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.25% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.20% |
| 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 |
FNKXX Costs Over Time
On $10,000 invested in FNKXX, assuming 5% a year before costs, total costs come to $127 over 5 years, cutting the return by 0.21% 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 0.20%) | $21 | $66 | $116 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $69 | $127 |
| Value after costs | $10,479 | $11,507 | $12,636 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
FNKXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $5.8B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
FNKXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $1.5B | 27.26% |
| BANK OF AMERICA CORPORATION | $1.0B | 18.85% |
| JEFFERIES FINANCIAL GROUP INC | $532.8M | 9.98% |
| BARCLAYS PLC | $501.3M | 9.39% |
| GOLDMAN SACHS GROUP INC (THE) | $470.3M | 8.81% |
| US BANCORP DEL | $327.5M | 6.14% |
| THE TORONTO DOMINION BANK | $317.9M | 5.96% |
| MORGAN STANLEY | $280.1M | 5.25% |
| WELLS FARGO and CO | $248.4M | 4.65% |
| BANK NEW YORK MELLON CORP | $197.7M | 3.70% |
Fidelity New York 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 |
|---|---|---|---|
| FNKXX | Institutional Class | 0.20% | — |
| FSNXX | Premium Class | 0.30% | — |
| FAWXX | Fidelity New York 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.