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Morningstar

Fidelity Minnesota Municipal Income FIMIX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 10.95  /  −0.08 %
  • Total Assets 552.2 Mil
  • Adj. Expense Ratio
    0.470%
  • Expense Ratio 0.470%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Muni Minnesota
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.40%
  • Effective Duration 5.70 years

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:18 PM GMT+0

Morningstar’s Analysis FIMIX

Will FIMIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FIMIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FIMIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FIMIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Fidelity Minnesota Municipal Income's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the least expensive fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FIMIX

More FIMIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash

2.10 11.7 Mil
Cash and Equivalents

MINNEAPOLIS MINN HEALTH CARE SYS REV 5%

2.03 11.3 Mil
municipal

MINNESOTA ST 4%

1.84 10.2 Mil
municipal

MINNESOTA ST HSG FIN AGY 3.35%

1.80 10.0 Mil
municipal

MINNEAPOLIS MINN HEALTH CARE SYS REV 4%

1.58 8.8 Mil
municipal

MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV 4%

1.26 7.0 Mil
municipal

MINNESOTA ST HSG FIN AGY 3.5%

1.23 6.8 Mil
municipal

MINNESOTA ST HSG FIN AGY 6.25%

1.19 6.6 Mil
municipal

MINNEAPOLIS MINN HEALTH CARE SYS REV 2.93%

1.18 6.6 Mil
municipal

ST CLOUD MINN HEALTH CARE REV 5%

1.13 6.3 Mil
municipal