Fidelity Massachusetts Tax Free Money Market
FDMXX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Financial - Capital Markets
- Address
- 245 Summer Street Boston MA United States of America 2210
- CIK
- 0000357057
- Similar Companies
- Business
- Fidelity Massachusetts Municipal Money Market Fund (FDMXX) is a tax-exempt money market fund managed by Fidelity Investments that seeks a high level of current income exempt from federal income tax and Massachusetts personal income tax, consistent with the preservation of capital and liquidity. The fund normally invests at least 80% of assets in high-quality, short-term municipal money market securities whose interest is exempt from these taxes; up to 20% may be allocated to municipal securities subject to Massachusetts personal income tax; and more than 25% of assets may finance similar projects such as public facilities or essential services. It maintains a stable net asset value of $1.00 per share through compliance with industry-standard regulatory requirements for money market funds, including high credit quality and short average maturities. The fund operates within Fidelity's fixed-income segment, targeting Massachusetts residents and tax-sensitive investors seeking liquidity and tax advantages in municipal securities. Geographic focus centers on Massachusetts municipal issuers, with investments in short-term debt obligations from state, local governments, or related entities. Fidelity Investments, headquartered in Boston, Massachusetts, and founded in 1946, oversees the fund as part of its extensive lineup of mutual funds managing trillions in assets. Recent operational aspects include a 7-day yield of approximately 0.96% and total assets around $1 million as of late 2025, reflecting ongoing market conditions in municipal money markets amid interest rate dynamics. The fund may impose a discretionary liquidity fee of up to 2% on redemptions if deemed necessary by the board to protect remaining shareholders. No major acquisitions, new product launches, partnerships, or strategic shifts specific to FDMXX have been reported in the last 1-2 years, with management emphasizing steady compliance and tax-exempt income generation.