Fidelity Institutional Money Market Government Portfolio – Institutional Class is a government money market mutual fund designed to provide a high level of current income while emphasizing preservation of principal and daily liquidity. The portfolio invests primarily in high‑quality, short‑term U.S. government securities and repurchase agreements collateralized by those securities, adhering to money market fund requirements for quality, maturity, liquidity, and diversification. The advisor seeks to maintain a stable net asset value of $1.00 per share and does not impose liquidity fees or redemption gates on this share class. The fund’s institutional structure targets the cash management needs of corporations, public entities, endowments, and other large investors that require same‑day liquidity, daily income distributions, and tight risk controls under Rule 2a‑7. By concentrating on U.S. Treasury obligations, agency securities, and related repos, the fund plays a central role in institutional treasury operations, sweep programs, and collateral‑sensitive cash strategies, offering a conservative vehicle for operational cash and short‑term reserves within the regulated U.S. money markets.
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