XML 25 R8.htm IDEA: XBRL DOCUMENT v3.22.4
Risk/Return Detail Data - FidelityGovernmentCashReserves-RetailPRO
Jan. 28, 2023
USD ($)
Risk/Return:  
Registrant Name Fidelity Phillips Street Trust
FidelityGovernmentCashReserves-RetailPRO | Fidelity Government Cash Reserves  
Risk/Return:  
Risk/Return [Heading] Fund Summary Fund: Fidelity® Government Cash Reserves
Objective [Heading] Investment Objective
Objective, Primary [Text Block] Fidelity® Government Cash Reserves seeks as high a level of current income as is consistent with the preservation of capital and liquidity.
Expense [Heading] Fee Table
Expense Narrative [Text Block] The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. In addition to the fees and expenses described below, your broker may also require you to pay brokerage commissions on purchases and sales of the fund.
Shareholder Fees Caption [Text] Shareholder fees
(fees paid directly from your investment) none
Operating Expenses Caption [Text] Annual Operating Expenses
Expense Example Narrative [Text Block] This example helps compare the cost of investing in the fund with the cost of investing in other funds.Let's say, hypothetically, that the annual return for shares of the fund is 5% and that the 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:
Strategy [Heading] Principal Investment Strategies
Strategy Narrative [Text Block] Normally investing at least 99.5% of total assets in cash, U.S. Government securities and/or repurchase agreements that are collateralized fully (i.e., collateralized by cash or government securities). Investing in U.S. Government securities issued by entities that are chartered or sponsored by Congress but whose securities are neither issued nor guaranteed by the U.S. Treasury. Investing in compliance with industry-standard regulatory requirements for money market funds for the quality, maturity, liquidity, and diversification of investments. In addition, the fund normally invests at least 80% of its assets in U.S. Government securities and repurchase agreements for those securities.
Risk [Heading] Principal Investment Risks
Risk Narrative [Text Block] Interest Rate Changes. Interest rate increases can cause the price of a money market security to decrease. Income Risk. A low or negative interest rate environment can adversely affect the fund's yield. 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. You could lose money by investing in the fund .   Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so .   An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency .   Fidelity Investments and its affiliates, the fund's sponsor, have no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time. The fund will not impose a fee upon the sale of your shares, nor temporarily suspend your ability to sell shares if the fund's weekly liquid assets fall below 30% of its total assets because of market conditions or other factors.
Risk Lose Money [Text] You could lose money by investing in the fund .
Risk Money Market Fund Sponsor May Not Provide Support [Text]   Fidelity Investments and its affiliates, the fund's sponsor, have no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.
Risk Money Market Fund May Not Preserve Dollar [Text] Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so .
Risk Not Insured Depository Institution [Text] An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency .
Bar Chart and Performance Table [Heading] Performance
Performance Narrative [Text Block] 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. Prior to December 1, 2015, the fund operated under certain different investment policies. The fund's historical performance may not represent its current investment policies. Visit www.fidelity.com for more recent performance information.
Performance Information Illustrates Variability of Returns [Text] The information illustrates the changes in the performance of the fund's shares from year to year.
Performance Availability Website Address [Text] www.fidelity.com
Performance Past Does Not Indicate Future [Text] Past performance is not an indication of future performance.
Bar Chart [Heading] Year-by-Year Returns
Highest Quarterly Return, Label    Highest Quarter Return
Highest Quarterly Return, Date Dec. 31, 2022
Highest Quarterly Return 0.80%
Lowest Quarterly Return, Label    Lowest Quarter Return
Lowest Quarterly Return, Date Mar. 31, 2021
Lowest Quarterly Return none
Performance Table Heading Average Annual Returns
FidelityGovernmentCashReserves-RetailPRO | Fidelity Government Cash Reserves | Fidelity Government Cash Reserves  
Risk/Return:  
Management fee 0.16%
Distribution and/or Service (12b-1) fees none
Other expenses 0.18%
Total annual operating expenses 0.34%
1 year $ 35
3 years 109
5 years 191
10 years $ 431
2013 0.01%
2014 0.01%
2015 0.01%
2016 0.09%
2017 0.56%
2018 1.52%
2019 1.90%
2020 0.27%
2021 0.01%
2022 1.34%
FidelityGovernmentCashReserves-RetailPRO | Fidelity Government Cash Reserves | Return Before Taxes | Fidelity Government Cash Reserves  
Risk/Return:  
Label Fidelity® Government Cash Reserves
Past 1 year 1.34%
Past 5 years 1.01%
Past 10 years 0.57%