Mutual Fund Summary Prospectus (497k)
29 Enero 2013 - 11:07AM
Edgar (US Regulatory)
Fund
/Ticker
Fidelity
®
Cash Reserves
/FDRXX
Summary Prospectus
January 29, 2013
Fund Summary
Fund:
Fidelity
®
Cash Reserves
Investment Objective
The fund seeks as high a level of current income as is consistent with the preservation of capital and liquidity.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy, hold, or sell shares of the fund.
|
Shareholder fees
(fees paid directly from your investment)
|
|
|
Wire redemption fee
|
$5.00
|
Annual fund operating expenses
(expenses that you pay each year as a % of the value of your investment)
|
Management fee
|
0.17%
|
|
Distribution and/or Service (12b-1) fees
|
None
|
|
Other expenses
|
0.21%
|
|
Total annual fund operating expenses
|
0.38%
|
This
example
helps compare the cost of investing in the fund with the cost of investing in other mutual funds.
Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses
for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in
total expenses if you sell all of your shares at the end of each time period indicated:
|
1 year
|
$ 39
|
|
3 years
|
$ 122
|
|
5 years
|
$ 213
|
|
10 years
|
$ 480
|
Principal Investment Strategies
-
Investing in U.S. dollar-denominated money market securities of domestic and foreign issuers and repurchase agreements.
-
Potentially entering into reverse repurchase agreements.
Summary Prospectus
-
Investing more than 25% of total assets in the financial services industries.
-
Investing in compliance with industry-standard regulatory requirements for money market funds for the quality, maturity, and diversification of
investments.
Principal Investment Risks
-
Interest Rate Changes.
Interest rate increases can cause the price of a money market security to decrease.
-
Foreign Exposure.
Entities located in foreign countries can be affected by adverse political, regulatory, market, or economic developments
in those countries.
-
Financial Services Exposure.
Changes in government regulation and interest rates and economic downturns can have a significant negative
effect on issuers in the financial services sector, including the price of their securities or their ability to meet their payment obligations.
-
Issuer-Specific Changes.
A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a
security can cause the price of a money market security to decrease.
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other
government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing
in the fund.
Performance
The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the
performance of the fund's shares from year to year. Past performance is not an indication of future performance.
Visit www.fidelity.com for updated return information.
Summary Prospectus
Fund Summary - continued
Year-by-Year Returns
|
Calendar Years
|
2003
|
2004
|
2005
|
2006
|
2007
|
2008
|
2009
|
2010
|
2011
|
2012
|
|
|
0.90%
|
1.06%
|
2.93%
|
4.75%
|
5.06%
|
2.89%
|
0.61%
|
0.06%
|
0.01%
|
0.02%
|
|
During the periods shown in the chart:
|
Returns
|
Quarter ended
|
|
Highest Quarter Return
|
1.27%
|
September 30, 2007
|
|
Lowest Quarter Return
|
0.00%
|
June 30, 2011
|
Average Annual Returns
|
For the periods ended
December 31, 2012
|
Past 1
year
|
Past 5
years
|
Past 10
years
|
|
Fidelity Cash Reserves
|
0.02%
|
0.71%
|
1.81%
|
Investment Advisers
Fidelity Management & Research Company (FMR) is the fund's manager. Fidelity Investments Money Management, Inc. (FIMM) and other investment advisers serve as sub-advisers for the fund.
Purchase and Sale of Shares
You may buy or sell shares of the fund through a Fidelity brokerage or mutual fund account, through a retirement account, or through an investment professional. You may buy or sell shares in various ways:
|
Internet
www.fidelity.com
|
|
Phone
Fidelity Automated Service Telephone (FAST
®
) 1-800-544-5555
To reach a Fidelity representative 1-800-544-6666
|
|
Mail
|
|
Additional purchases:
Fidelity Investments
P.O. Box 770001
Cincinnati, OH 45277-0003
|
Redemptions:
Fidelity Investments
P.O. Box 770001
Cincinnati, OH 45277-0035
|
|
TDD - Service for the Deaf and Hearing Impaired
1-800-544-0118
|
The price to buy one share of the fund is its net asset value per share (NAV). Your shares will be bought at the NAV next calculated after your
investment is received in proper form.
Summary Prospectus
The price to sell one share of the fund is its NAV. Your shares will be sold at the NAV next calculated after your order is received in proper form.
The fund is open for business each day the New York Stock Exchange (NYSE) is open. Even if the NYSE is closed, the fund will be open for business on those days on which the Federal Reserve Bank of New York (New York Fed) is open, the primary trading markets for the fund's portfolio
instruments are open, and the fund's management believes there is an adequate market to meet purchase and redemption requests.
|
Initial Purchase Minimum
|
$2,500
|
|
For Fidelity Simplified Employee Pension-IRA and Keogh accounts, and Non-Fidelity Prototype Retirement accounts
|
$500
|
|
Through regular investment plans in Fidelity Traditional IRAs, Roth IRAs, and Rollover IRAs (requires monthly purchases of $200 until fund balance is $2,500)
|
$200
|
The fund may waive or lower purchase minimums in other circumstances.
Tax Information
Distributions you receive from the fund are subject to federal income tax and generally will be taxed as ordinary income or capital gains, and
may also be subject to state or local taxes, unless you are investing through a tax-advantaged retirement account (in which case you may be
taxed later, upon withdrawal of your investment from such account).
Payments to Financial Intermediaries
The fund, FMR, Fidelity Distributors Corporation (FDC), and/or their affiliates may pay intermediaries, including retirement plan sponsors, administrators, or service-providers (who may be affiliated with FMR or FDC), for the sale of fund shares and related services. These payments
may create a conflict of interest by influencing your intermediary and your investment professional to recommend the fund over another investment. Ask your investment professional or visit your intermediary's web site for more information.
Summary Prospectus
FDC is a member of the Securities Investor Protection Corporation (SIPC). You may obtain information about SIPC, including the SIPC brochure, by visiting www.sipc.org or calling SIPC at
202-371-8300.
Fidelity, Fidelity Investments & Pyramid Design and FAST are registered service marks of FMR LLC. © 2013 FMR LLC. All rights reserved.
The third-party marks appearing above are the marks of their respective owners.
1.915445.103 CAS-SUM-0113
NASB Financial (QX) (USOTC:NASB)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
NASB Financial (QX) (USOTC:NASB)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
