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Total
11.30 Fidelity Government Cash Reserves PRO-11 | Fidelity® Government Cash Reserves

Supplement to the
Fidelity® Government Cash Reserves
January 29, 2020
Prospectus

<p style="font: bold 11pt Arial, sans-serif; margin-bottom: 0px;">Annual Operating Expenses</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">(expenses that you pay each year as a % of the value of your investment)</p>
Annual Operating Expenses {- Fidelity® Government Cash Reserves}
11.30 Fidelity Government Cash Reserves PRO-11
Fidelity® Government Cash Reserves
Fidelity Government Cash Reserves-Default
Management fee 0.17%
Distribution and/or Service (12b-1) fees none
Other expenses 0.21%
Total annual operating expenses 0.38% [1]
[1] In order to avoid a negative yield, FMR may reimburse expenses or waive fees of the fund. Any such waivers or expense reimbursement would be voluntary and could be discontinued at any time. There is no guarantee that the fund will be able to avoid a negative yield.