Fidelity Investments^® Money Market Mutual Funds

U.S. dollar-denominated money market securities of domestic and foreign issuers, U.S. government securities, repurchase agreements as well as reverse repurchase agreements.

• Historically stable $1 share price^*
• Potential high current yield
• NAIC rated

U.S. dollar-denominated money market securities of domestic and foreign issuers rated in the highest category by at least 2 nationally-recognized rating services, U.S. government securities, and repurchase agreements.

• Historically stable $1 share price^*
• Potential high current yield
• Rating: Aaa (Moody's), AAAm (S&P)
• NAIC rated

U.S. government securities and repurchase agreements for those securities.

• Historically stable $1 share price^*
• Added credit of U.S. government and agency backing
• Rating: Aaa (Moody's), AAAm (S&P)
• NAIC rated

U.S. Treasury securities and repurchase agreements for those securities.

• Historically stable $1 share price^*
• Added credit of U.S. Treasury backing
• Rating: Aaa (Moody's), AAAm (S&P)
• NAIC rated

Municipal money market securities. The fund does not currently intend to invest its assets in municipal securities whose interest is subject to federal income tax or in municipal securities whose interest is subject to the federal alternative minimum tax.

• Historically stable $1 share price^*
• At least 80% federal tax-free income^**
• Rating: Aaa (Moody's), AAAm (S&P)
• Non AMT (alternative minimum tax)
• NAIC rated

Municipal money market securities issued by the state of Massachusetts and local government.

• Historically stable $1 share price^*
• Normally at least 65% Massachusetts tax-free income, and at least 80% federal tax-free income^**

Municipal money market securities issued by the state of New York and local government.

• Historically stable $1 share price^*
• Normally at least 65% New York tax-free income, and at least 80% federal tax-free income^**