Fidelity Tax-Exempt Money Market Fund (FMOXX) Fund Overview
Educational signal · not a buy or sell recommendation · How to read this
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 17, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerFidelity Tax-Exempt Money Market Fund (FMOXX) trades at $1.00. Fidelity Tax-Exempt Money Market Fund (FMOXX) is a money market fund managed by Fidelity Investments, focusing on providing tax-exempt income to investors. Sector: Financials.
Price as of · Last analyzed: Mar 17, 2026Analyst Coverage for FMOXX: FMOXX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
Fidelity Tax-Exempt Money Market Fund (FMOXX) Financial Services Profile
Fidelity Tax-Exempt Money Market Fund (FMOXX) is a leading tax-exempt money market fund managed by Fidelity Investments, offering investors a stable and liquid investment option focused on short-term municipal securities. It aims to provide competitive, federally tax-exempt income while preserving capital and maintaining a high degree of liquidity, catering to risk-averse investors.
What Is the Investment Thesis for FMOXX?
Fidelity Tax-Exempt Money Market Fund (FMOXX) presents a compelling option for investors seeking capital preservation and tax-exempt income. The fund's primary value driver is its ability to provide a stable net asset value (NAV) while generating a competitive yield compared to other tax-exempt money market funds. Growth catalysts include increased demand for tax-advantaged investments, particularly in a rising tax environment, and the fund's strong track record of consistent performance. Key metrics to monitor include the fund's yield, expense ratio, and the credit quality of its underlying holdings. Potential risks include changes in interest rates, which could impact the fund's yield and NAV, as well as regulatory changes affecting the tax-exempt status of municipal securities. However, Fidelity's experienced management team and rigorous risk management practices mitigate these risks, making FMOXX a suitable choice for risk-averse investors looking to preserve capital and earn tax-free income.
Based on FMP financials and quantitative analysis
FMOXX Key Highlights
FMOXX aims to maintain a stable net asset value (NAV) of $1.00 per share, providing capital preservation for investors.
- The fund invests primarily in short-term municipal securities, offering income exempt from federal income taxes.
- Fidelity Investments actively manages the fund, adjusting its portfolio based on market conditions and interest rate movements.
- FMOXX is designed for investors who prioritize capital preservation and seek a steady stream of tax-exempt income.
- The fund's performance is benchmarked against other tax-exempt money market funds and relevant indices to ensure competitiveness.
Who Are FMOXX's Competitors?
FMOXX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| VMSXX Vanguard Municipal Money Market | $1.00 | 0.00% | — | |
| BLK BlackRock, Inc. | $1059.63 | -0.44% | $164B | 49 5-pillar |
| BX Blackstone Inc. | $111.74 | -0.45% | $135B | 67 5-pillar |
| APOS Apollo Global Management, Inc. | $25.59 | -0.23% | $74.8B | 55 5-pillar |
| BAM Brookfield Asset Management | $44.85 | +0.65% | $71.6B | 58 5-pillar |
| AMP Ameriprise Financial, Inc. | $490.91 | -0.79% | $44.1B | 76 5-pillar |
| ARES Ares Management Corporation | $117.55 | +0.84% | $38.6B | 56 5-pillar |
| TROW T. Rowe Price Group, Inc. | $104.62 | -1.14% | $22.4B | 84 5-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are FMOXX's Key Strengths?
Strong brand reputation of Fidelity Investments
- Extensive research capabilities in the municipal bond market
- Large asset base providing economies of scale
- Established distribution network
What Are FMOXX's Weaknesses?
Vulnerability to interest rate changes
- Reliance on the tax-exempt status of municipal securities
- Potential for regulatory changes affecting money market funds
- Limited growth potential compared to other asset classes
What Are the Key Risks for FMOXX?
Changes in interest rates could negatively impact the fund's yield and NAV.
- Regulatory changes affecting the tax-exempt status of municipal securities.
- Economic downturn leading to credit downgrades of municipal issuers.
- Competition from other tax-exempt money market funds.
What Are FMOXX's Competitive Advantages?
- Strong brand reputation of Fidelity Investments.
- Extensive research capabilities in the municipal bond market.
- Large asset base providing economies of scale.
- Established distribution network through various brokerage platforms and financial advisors.
What Does FMOXX Do?
Fidelity Tax-Exempt Money Market Fund (FMOXX) is a money market fund managed by Fidelity Investments, one of the largest and most well-respected asset management firms globally. Established to provide investors with tax-advantaged investment options, FMOXX focuses on generating income that is exempt from federal income taxes by investing primarily in short-term municipal securities. These securities include municipal bonds, notes, and other obligations issued by state and local governments. The fund's investment strategy centers around maintaining a stable net asset value (NAV), typically at $1.00 per share, while offering a competitive yield. This makes it a noteworthy option for investors seeking a safe haven for their cash, particularly those in higher tax brackets. Fidelity Investments leverages its extensive research capabilities and deep understanding of the municipal bond market to select securities that meet the fund's objectives of safety, liquidity, and yield. FMOXX is designed for investors who prioritize capital preservation and seek a steady stream of tax-exempt income. The fund is widely available through various brokerage platforms and financial advisors, making it accessible to a broad range of investors. Fidelity Investments actively manages the fund, adjusting its portfolio composition based on market conditions and interest rate movements to optimize performance and manage risk. The fund's performance is benchmarked against other tax-exempt money market funds and relevant indices to ensure it remains competitive and aligned with its investment objectives.
What Products and Services Does FMOXX Offer?
- Invests primarily in short-term municipal securities.
- Aims to provide income exempt from federal income taxes.
- Seeks to maintain a stable net asset value (NAV) of $1.00 per share.
- Offers a liquid investment option for cash management.
- Provides a tax-advantaged investment for investors in higher tax brackets.
- Actively manages the portfolio to optimize performance and manage risk.
- Benchmarks performance against other tax-exempt money market funds.
How Does FMOXX Make Money?
- Generates income by investing in short-term municipal securities.
- Passes on the tax-exempt income to investors.
- Charges an expense ratio to cover the costs of managing the fund.
- Attracts investors seeking capital preservation and tax-advantaged income.
What Industry Does FMOXX Operate In?
Fidelity Tax-Exempt Money Market Fund (FMOXX) operates within the asset management industry, specifically in the money market fund segment. This segment is characterized by a focus on providing investors with safe, liquid, and low-yielding investments. Money market funds, including tax-exempt options like FMOXX, are often used as a cash management tool or a temporary holding place for funds before they are deployed into other investments. The competitive landscape includes other large asset managers offering similar tax-exempt money market funds, as well as alternative short-term investment options such as Treasury bills and certificates of deposit. The industry is influenced by interest rate movements, regulatory changes, and investor demand for tax-advantaged investments.
Who Are FMOXX's Key Customers?
- Individual investors in higher tax brackets.
- Financial advisors seeking tax-advantaged investment options for their clients.
- Institutions looking for a safe and liquid place to park cash.
- Retirement plans seeking to offer tax-exempt investment options to their participants.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is a fund, not an operating company
FMOXX Financials
Bull Case vs Bear Case
Bull Case
- Strong brand reputation of Fidelity Investments
- Extensive research capabilities in the municipal bond market
- Large asset base providing economies of scale
- Established distribution network
Bear Case
- Vulnerability to interest rate changes
- Reliance on the tax-exempt status of municipal securities
- Potential for regulatory changes affecting money market funds
- Limited growth potential compared to other asset classes
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
FMOXX Latest News
No recent news available for FMOXX.
FMOXX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for FMOXX.
Price Targets
Wall Street price target analysis for FMOXX.
FMOXX MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for FMOXX; grades run from A+ (80-100) to F (below 30).
FMOXX Financials Stock FAQ
What are the main risks for FMOXX?
The main risks for Fidelity Tax-Exempt Money Market Fund (FMOXX) include interest rate risk, credit risk, and regulatory risk. Interest rate risk refers to the potential for the fund's yield and NAV to decline if interest rates rise. Credit risk is the risk that the issuers of the municipal securities held by the fund may default on their obligations.
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
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- The information provided is based on publicly available data and is not intended to be investment advice.
- Investors should consult with a financial advisor before making any investment decisions.