FDLXX Money Market — Fidelity Treasury Only Money Market Fund

Fidelity Treasury Only Money Market Fund (FDLXX)

Updated November 13, 2026.

FDLXX is a money market fund. Its distribution rate is 3.64%, its trailing-12-month yield is 3.37%, its expense ratio is 0.4173%. Total return is 19.9% over the past 22 years, 831.6 points behind SPY at 851.5%.

At the current 3.64% distribution rate, a $10,000 investment would generate approximately $364 per year, or $30.33 per month.

Fidelity Treasury Only Money Market Fund is a money market fund that seeks current income while preserving capital and liquidity, investing at least 99.5% of assets in cash and U.S. Treasury securities. The Treasury-only mandate maximizes the portion of income exempt from state income taxes. The fund distributes monthly and currently carries a modest distribution rate.

FDLXX performance versus SPY

As of Nov 13, 2026

Total return is 19.9% over the past 22 years, 831.6 points behind SPY at 851.5%. Over the past year its total return — price change plus distributions reinvested — is 3.1%.

FDLXX key facts

Issuer

Fidelity Investments

Asset type

Money Market

Asset class

Fixed Income

Expense ratio

0.4173%

Distribution rate

3.64%

Distribution frequency

Monthly

Trailing yield

3.37%

Last close

$1.00 (as of 2026-11-13)

Average volume

0

Dividend

$0.00303

Ex-dividend date

10/31/2026

Payment date

11/01/2026

Beta

0.0065

How Dividend Vision calculates yield and returns

Distribution rate (3.64%) uses latest regular dividend ($0.00303) × 12 ÷ market price dated 2026-11-13; one-off specials excluded; identified recurring supplementals included. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.37%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Fidelity Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FDLXX risks and drawbacks

FDLXX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window.

Who may consider FDLXX — and who may not

FDLXX may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FDLXX

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Tagged: Money Market, Cash, Treasury.

Compare FDLXX

FDLXX vs similar funds:

• FDLXX vs SGOV

Frequently asked questions

More securities from Fidelity Investments.