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Morningstar

Fidelity® Massachusetts Municipal Income FDMMX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 11.28  /  0.27 %
  • Total Assets 1.8 Bil
  • Adj. Expense Ratio
    0.460%
  • Expense Ratio 0.460%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni Massachusetts
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.44%
  • Effective Duration 7.31 years

USD | NAV as of Dec 01, 2023 | 1-Day Return as of Dec 01, 2023, 11:20 PM GMT+0

Morningstar’s Analysis FDMMX

Will FDMMX 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 FDMMX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FDMMX 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 FDMMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Fidelity ® Massachusetts 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 FDMMX

More FDMMX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 468
  • Other Holdings 7
  • % Assets in Top 10 Holdings 17.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Municipal Cash Central

4.91
85,140,000
Cash and Equivalents

MASSACHUSETTS ST 5%

3.05
52,939,252
municipal

MASSACHUSETTS ST 5%

2.91
50,547,300
municipal

MASSACHUSETTS ST HEALTH & EDL FACS AUTH 2.17%

2.36
40,940,000
municipal

MASSACHUSETTS ST TPK AUTH MET HWY SYS REV 0%

1.52
26,415,522
municipal

MASSACHUSETTS ST 3%

1.48
25,695,214
municipal

MASSACHUSETTS ST 5%

1.37
23,680,815
municipal

MASSACHUSETTS ST 5.25%

1.30
22,550,601
municipal

MASSACHUSETTS ST DEV FIN AGY REV 2.05%

1.29
22,295,000
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

1.26
21,916,494
municipal