COMMENTS RECEIVED ON OCTOBER 29, 2020
FROM EDWARD BARTZ
THE NORTH CAROLINA CAPITAL MANAGEMENT TRUST (File Nos. 002-77169 and 811-03455)
Term Portfolio
PRELIMINARY PROXY STATEMENT FILED ON OCTOBER 22, 2020
SHAREHOLDER MEETING DATE DECEMBER 9, 2020
1.
C:
The Staff requests we include an estimate of the fund’s liquidation costs in the proxy statement.
R:
As described in the proxy statement and the Liquidation and Dissolution Plan (the Plan), FMR will bear all expenses incurred by Term Portfolio in connection with implementation of the Plan. As a result, we believe that our existing disclosure is sufficient.
2.
C:
The Staff would like to confirm supplementally that the fund will stay current on all filing obligations.
R:
Confirmed.
3.
C:
The Staff would like to confirm that all series and class codes are marked as inactive in EDGAR once the liquidation is concluded.
R:
Confirmed.