Fund Evaluator:
Fidelity Reserves Digital (FYMXX)
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Best Performing in Money Market-Taxable Over the Last Year
No funds meet the criteria for consistent category performer.Fund Details
Fidelity Reserves Digital Overview
Fidelity Reserves Digital (FYMXX) is an actively managed Money Market Money Market-Taxable fund. Fidelity Investments launched the fund in 2026.
The investment seeks to obtain as high a level of current income as is consistent with the preservation of capital and liquidity. The fund invests only in U.S. Treasury bills, notes and bonds with a remaining maturity of, or issued with a maturity of, 93 days or less, cash, overnight repurchase agreements fully collateralized by U.S. Treasury bills, notes and bonds, and other registered government money market funds that are compliant with the Guiding and Establishing National Innovation for U.S. Stablecoins Act (“GENIUS Act”).
About Fidelity Reserves Digital (FYMXX)
There are 1 members of the management team with an average tenure of 0.04 years: Management Team (2026). Management tenure is more important for actively managed funds than passive index funds.
Fidelity Reserves Digital has securities in its portfolio. The top 10 holdings constitute 0.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Fidelity Reserves Digital is part of the Capital Preservation global asset class and is within the Money Market fund group. Fidelity Reserves Digital has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Fidelity Reserves Digital has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $5 million in total assets, which is above the $5 million average for the Money Market-Taxable category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FYMXX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Fidelity Reserves Digital expense ratio is low compared to funds in the Money Market-Taxable category. Fidelity Reserves Digital has an expense ratio of 0.18%, which is the same as its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. A portfolio turnover rate cannot be currently calculated for Fidelity Reserves Digital.
Recently, in the month of June 2026, Fidelity Reserves Digital returned 0.0%, which earned it a grade of NA, as the Money Market-Taxable category had an average return of 0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Fidelity Reserves Digital has a trailing yield of 0.00%, which is above the 0.00% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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FYMXX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FYMXX Return (NAV) | na | na | na | na | na | na |
| FYMXX Grade | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na |
| Money Market-Taxable Avg | na | na | na | na | na | na |
| FYMXX Tax Cost Ratio | na | na | na | na | na | na |
FYMXX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FYMXX Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| FYMXX Grade | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Money Market-Taxable Avg | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | -- |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $5 Mil |
| Fund Total Assets: | $ 5 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | na |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 0.0 years | |||
| Average Tenure: 0.0 years | |||
| Managers (Year): Team Management (2026) | |||
Portfolio Composition (as of )
| # of Holdings: | |
| % in Top 10 Holdings: | 0.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Fund Family: | Fidelity Investments |
| Phone Number: | 202-371-8300 |
| Website: | www.institutional.fidelity.com |
| Status: | Open |
| Inception Date: | June 15, 2026 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.18% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 0.18% |
| Share Class: | Fidelity Reserves Digital |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
