Fidelity Newbury Street Trust - Tax-Exempt Fund(NASDAQMUTFUND) FMOXX

Fidelity Tax-Exempt Money Market Fund is a money market fund focused on providing high current income that is exempt from federal income taxes. The fund invests primarily in municipal securities, ensuring liquidity and stability of principal for investors.

Products and Services

• Invests at least 80% of assets in municipal securities
• Avoids AMT-subject municipal securities under normal circumstances
• Portfolio includes municipal notes, bonds, and commercial paper

Growth Outlook

• Stable price range maintained between $1.00 for the year
• Consistent focus on higher tax bracket individuals enhances demand
• Liquidity and stability attract conservative investors seeking tax-exempt income

Financial Highlights

• Revenue of $0, reflecting a stable fund structure
• Dividend yield remains at 0%, aligning with money market fund characteristics
• Yearly price stability with no fluctuations, ensuring investor confidence

Fidelity Tax-Exempt Money Market Fund is designed for investors seeking a reliable source of tax-exempt income. The fund's strategy of investing in municipal securities allows it to cater to individuals in higher tax brackets, providing a unique advantage in the market. The consistent price stability and focus on liquidity make it an appealing option for conservative investors. With a well-defined investment approach, the fund aims to maintain its position as a trusted choice in the asset management industry.