Fidelity Ohio Municipal Money Market Fund (FOMXX) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Fidelity Ohio Municipal Money Market Fund (FOMXX) trades at $1.00 with AI Score 46/100 (Grade C). Fidelity Ohio Municipal Money Market Fund (FOMXX) is a financial services company specializing in asset management. Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Mar 18, 2026Analyst Coverage for FOMXX: FOMXX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates FOMXX against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
FOMXX: the 3 scored disciplines are evenly split. Dominant signal: Ray Dalio bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Fidelity Ohio Municipal Money Market Fund (FOMXX) Financial Services Profile
Fidelity Ohio Municipal Money Market Fund (FOMXX) offers Ohio residents a tax-advantaged investment option, focusing on high current income exempt from both federal and Ohio state income taxes. As a municipal money market fund, FOMXX competes within the broader asset management landscape, emphasizing capital preservation and liquidity.
What Is the Investment Thesis for FOMXX?
Fidelity Ohio Municipal Money Market Fund (FOMXX) presents a compelling option for Ohio residents seeking tax-advantaged income. The fund's focus on high-quality, short-term municipal securities aims to preserve capital and maintain liquidity, making it suitable for risk-averse investors. Key value drivers include the fund's ability to generate income exempt from both federal and Ohio state income taxes, which can be particularly attractive for high-income earners in Ohio. Growth catalysts include potential increases in Ohio's municipal bond issuance and continued demand for tax-efficient investment options. However, potential risks include changes in tax laws that could reduce the attractiveness of municipal bonds and fluctuations in interest rates that could impact the fund's yield. As of 2026, the fund's performance and expense ratio should be continuously monitored to ensure it remains competitive within the money market fund landscape.
Based on FMP financials and quantitative analysis
FOMXX Key Highlights
FOMXX aims to provide high current income exempt from federal and Ohio state income taxes.
- The fund invests primarily in municipal securities issued by the State of Ohio and its political subdivisions.
- FOMXX focuses on short-term, high-quality securities to minimize risk and maintain a stable net asset value (NAV).
- As a money market fund, FOMXX is designed to provide liquidity and capital preservation.
- Fidelity Investments manages FOMXX, leveraging its expertise in the municipal bond market.
Who Are FOMXX's Competitors?
FOMXX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| VMSXX Vanguard Municipal Money Market | $1.00 | +0.00% | 46 | |
| FDLXX Fidelity Treasury Only Money Markey Fund | $1.00 | +0.00% | 46 | |
| ABALX American Funds American Balanced Fund Class A | $41.00 | +0.37% | $292B | 72 |
| BX Blackstone Inc. | $141.41 | -2.54% | $171B | 81 |
| AMFCX American Funds American Mutual Fund | $63.80 | -0.72% | $77.4B | 71 |
| RNNEX American Funds The New Economy Fund Class R-2E | $80.46 | -0.29% | $52.9B | 91 |
| AMP Ameriprise Financial, Inc. | $554.06 | -1.02% | $49.8B | 70 |
| IDDTF AB Industrivärden (publ) | $54.65 | -0.36% | $23.6B | 70 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are FOMXX's Key Strengths?
Tax-exempt income for Ohio residents.
- Capital preservation and liquidity.
- Professional management by Fidelity Investments.
- Established presence in the Ohio market.
What Are FOMXX's Weaknesses?
Limited to Ohio municipal bonds.
- Sensitivity to interest rate changes.
- Dependence on Ohio's economic health.
- Expense ratio may impact returns.
What Could Drive FOMXX Stock Higher?
Potential changes in Ohio's tax laws that could increase the attractiveness of municipal bonds.
- Continued demand for tax-advantaged investment options in Ohio.
- Infrastructure development projects in Ohio leading to increased municipal bond issuance.
What Are the Key Risks for FOMXX?
Changes in federal tax laws that could reduce the tax benefits of municipal bonds.
- Rising interest rates that could decrease the value of municipal bonds.
- Economic downturn in Ohio that could impact the creditworthiness of municipal bonds.
- Increased competition from other money market funds and investment options.
What Are the Growth Opportunities for FOMXX?
- Increased Demand for Tax-Exempt Income: As Ohio's population and income levels grow, the demand for tax-exempt investment options like FOMXX is likely to increase. This growth opportunity is driven by the desire of high-income earners to minimize their tax burden. The market size for tax-exempt investments in Ohio is substantial, with billions of dollars held in municipal bonds and related funds. The timeline for this growth is ongoing, as tax considerations remain a constant factor for investors. FOMXX can capitalize on this trend by effectively marketing its tax-advantaged benefits to Ohio residents.
- Expansion of Ohio's Municipal Bond Market: The State of Ohio and its political subdivisions regularly issue municipal bonds to finance infrastructure projects, education, and other public services. As Ohio's economy grows and its infrastructure needs evolve, the volume of municipal bond issuance is expected to increase. This expansion of the municipal bond market provides FOMXX with a larger pool of potential investments, allowing the fund to diversify its holdings and potentially enhance its yield. The timeline for this growth is dependent on Ohio's economic development and infrastructure planning. FOMXX can benefit from this trend by actively participating in the primary market for Ohio municipal bonds.
- Strategic Partnerships with Financial Advisors: Fidelity can forge strategic partnerships with financial advisors and wealth management firms in Ohio to promote FOMXX as a core holding in their clients' portfolios. By educating advisors about the fund's tax benefits and risk profile, Fidelity can increase its distribution reach and attract new investors. The market size for financial advisory services in Ohio is significant, with thousands of advisors serving a diverse range of clients. The timeline for this growth is ongoing, as financial advisors continue to play a crucial role in investment decision-making. FOMXX can leverage these partnerships to expand its investor base and increase its assets under management.
- Technological Innovation in Fund Management: Fidelity can leverage technological advancements, such as artificial intelligence and machine learning, to optimize FOMXX's portfolio management and risk assessment. By using data analytics to identify undervalued municipal bonds and manage credit risk, Fidelity can potentially enhance the fund's performance and reduce its expenses. The market size for fintech solutions in asset management is rapidly growing, with billions of dollars being invested in innovative technologies. The timeline for this growth is ongoing, as technology continues to transform the financial services industry. FOMXX can benefit from these advancements by adopting cutting-edge tools and techniques to improve its investment process.
- Increased Focus on ESG Investing: Environmental, Social, and Governance (ESG) factors are becoming increasingly important to investors. FOMXX can attract socially conscious investors by focusing on municipal bonds that finance environmentally friendly projects or support social initiatives in Ohio. By highlighting the positive impact of its investments, FOMXX can differentiate itself from other money market funds and appeal to a growing segment of the market. The market size for ESG investing is rapidly expanding, with trillions of dollars being allocated to sustainable and responsible investments. The timeline for this growth is ongoing, as ESG considerations become more mainstream. FOMXX can capitalize on this trend by incorporating ESG criteria into its investment selection process and communicating its commitment to social responsibility.
What Are FOMXX's Competitive Advantages?
- Tax-exempt status of municipal bond income.
- Fidelity Investments' brand reputation and expertise.
- Established presence in the Ohio municipal bond market.
- Economies of scale in fund management.
What Does FOMXX Do?
Fidelity Ohio Municipal Money Market Fund (FOMXX) is a specialized investment vehicle managed by Fidelity Investments, one of the world's largest asset managers. The fund's primary objective is to provide Ohio residents with a high level of current income that is exempt from both federal and Ohio state income taxes, while also preserving capital and maintaining liquidity. FOMXX achieves this by investing primarily in municipal securities issued by the State of Ohio and its political subdivisions. These securities are typically short-term and of high credit quality, which helps to minimize risk and maintain a stable net asset value (NAV). The fund is designed to be a convenient and tax-efficient option for Ohio residents seeking to earn income from municipal bonds without the complexities of directly purchasing individual securities. FOMXX is part of Fidelity's broader suite of money market funds, which cater to a variety of investment objectives and risk tolerances. The fund's performance is closely monitored and compared against relevant benchmarks to ensure it meets its stated goals. Fidelity Investments, the parent company, has a long history of providing investment management services to individuals and institutions, and FOMXX benefits from Fidelity's extensive resources and expertise in the municipal bond market.
What Products and Services Does FOMXX Offer?
- Invests primarily in municipal securities issued by the State of Ohio and its political subdivisions.
- Seeks to provide Ohio residents with a high level of current income exempt from federal and Ohio state income taxes.
- Preserves capital by investing in short-term, high-quality securities.
- Maintains liquidity to meet investor redemption requests.
- Offers a tax-efficient investment option for Ohio residents.
- Provides professional management by Fidelity Investments.
- Monitors and compares performance against relevant benchmarks.
How Does FOMXX Make Money?
- Generates income by investing in municipal bonds.
- Passes through tax-exempt income to investors.
- Charges an expense ratio to cover operating costs and management fees.
- Attracts investors seeking tax-advantaged income and capital preservation.
What Industry Does FOMXX Operate In?
Fidelity Ohio Municipal Money Market Fund operates within the asset management industry, specifically in the municipal bond market. The municipal bond market is influenced by factors such as interest rates, tax policies, and the financial health of state and local governments. Money market funds, like FOMXX, compete with other low-risk investment options, including savings accounts and certificates of deposit. The demand for tax-exempt income drives the growth of municipal money market funds, particularly in states with high income taxes. The competitive landscape includes other asset management firms offering similar municipal bond funds, each vying for investor capital based on factors such as yield, expense ratio, and fund performance.
Who Are FOMXX's Key Customers?
- Ohio residents seeking tax-exempt income.
- Individuals with high income tax brackets.
- Retirees looking for stable income streams.
- Investors seeking capital preservation and liquidity.
How Fidelity Ohio Municipal Money Market Fund Is Valued
Relative to its peer group, FOMXX's quantitative score of 46/100 is below the peer average of 63/100.
FOMXX Financials
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the fund's stability and performance.
- Community sentiment has shifted positively, with discussions highlighting the fund's conservative approach in uncertain markets.
- Investors are increasingly attracted to money market funds for their low-risk profile amid rising interest rates.
- Positive media coverage emphasizes the fund's ability to preserve capital, appealing to risk-averse investors.
Bear Case
- Some community members express concerns about the fund's low yield compared to other investment options.
- Recent market volatility raises questions about the fund's ability to maintain its capital preservation strategy.
- Insider selling activity could indicate a lack of confidence among some stakeholders.
- The overall sentiment in the money market space has been cautious, with discussions around potential liquidity issues.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
FOMXX Latest News
No recent news available for FOMXX.
FOMXX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for FOMXX.
Price Targets
Wall Street price target analysis for FOMXX.
FOMXX MoonshotScore
What does this score mean?
The MoonshotScore rates FOMXX 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
FOMXX Financial Services Stock FAQ
What does the AI Score mean for FOMXX?
FOMXX holds an AI Score of 46/100 (Grade: C). This is an educational research signal, not a buy or sell recommendation. Fidelity Ohio Municipal Money Market Fund (FOMXX) is a financial services company specializing in asset management. The fund seeks to provide investors with as high a level of current income exempt …
What does Fidelity Ohio Municipal Money Market Fund do?
Fidelity Ohio Municipal Money Market Fund (FOMXX) is designed to provide Ohio residents with a high level of current income that is exempt from both federal and Ohio state income taxes. The fund invests primarily in short-term, high-quality municipal securities issued by the State of Ohio and its political subdivisions.
How sensitive is FOMXX to interest rate changes?
As a money market fund, FOMXX is generally less sensitive to interest rate changes than longer-term bond funds. However, rising interest rates can still impact the fund's yield and net asset value (NAV). When interest rates rise, the fund may be able to reinvest in higher-yielding municipal securities, which could lead to increased income for investors.
What is Fidelity Ohio Municipal Money Market Fund's credit quality and risk management approach?
Fidelity Ohio Municipal Money Market Fund prioritizes credit quality and employs a rigorous risk management approach to protect investors' capital. The fund invests primarily in high-quality municipal securities issued by the State of Ohio and its political subdivisions. Fidelity's investment team conducts thorough credit analysis to assess the financial health of these issuers and minimize the risk of default.
What are the key factors to evaluate for FOMXX?
Fidelity Ohio Municipal Money Market Fund (FOMXX) holds an AI score of 46/100 (low). Fidelity Ohio Municipal Money Market Fund (FOMXX) presents a compelling option for Ohio residents seeking tax-advantaged income. Not financial advice.
How frequently does FOMXX data refresh on this page?
FOMXX's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven FOMXX's recent stock price performance?
Fidelity Ohio Municipal Money Market Fund (FOMXX) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Tax-exempt income for Ohio residents. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider FOMXX overvalued or undervalued right now?
Fidelity Ohio Municipal Money Market Fund (FOMXX) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research FOMXX before investing?
Before investing in Fidelity Ohio Municipal Money Market Fund (FOMXX), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis is pending and may provide further insights.
- Investment decisions should be based on individual risk tolerance and financial circumstances.