FZEXX Fees and Costs — Fidelity Tax-Exempt Money Market Fund, Premium Class
Data updated: 2026-01-13
The net expense ratio is 0.30%: a 0.25% management fee plus 0.12% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees.
FZEXX Fees and Expenses
Annual operating expenses and sales charges of FZEXX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.37% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.30% |
| 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 |
FZEXX Costs Over Time
On $10,000 invested in FZEXX, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% 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 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
FZEXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $10.3B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
FZEXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $2.6B | 27.50% |
| BANK OF AMERICA CORPORATION | $1.4B | 14.46% |
| BARCLAYS PLC | $1.3B | 13.59% |
| GOLDMAN SACHS GROUP INC (THE) | $1.2B | 12.55% |
| THE TORONTO DOMINION BANK | $733.6M | 7.62% |
| WELLS FARGO and CO | $608.6M | 6.32% |
| MORGAN STANLEY | $536.5M | 5.57% |
| TRUIST FINANCIAL CORP | $480.1M | 4.99% |
| ROYAL BANK OF CANADA | $374.2M | 3.89% |
| US BANCORP DEL | $338.1M | 3.51% |
Fidelity Tax-Exempt 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 |
|---|---|---|---|
| FZEXX | Premium Class | 0.30% | — |
| FMOXX | Fidelity Tax-Exempt Money Market Fund | 0.42% | — |
| FDEXX | Daily Money Class | 0.70% | — |
| FERXX | Capital Reserves Class | 0.95% | — |
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.