Fidelity Municipal Money Market Fund

Money market fund seeking high current income exempt from federal income tax, consistent with liquidity and stability of principal. Invests at least 80% of assets in municipal securities with tax-exempt interest. Up to 20% may be subject to state/federal income tax. Portfolio includes variable-rate demand notes, commercial paper, and municipal bonds. Effective December 31, 2015, new positions limited to accounts beneficially owned by natural persons.