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Fidelity Michigan Municipal Income FMHTX

Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 11.51  /  +0.18 %
  • Total Assets 472.5 Mil
  • Adj. Expense Ratio
    0.490%
  • Expense Ratio 0.490%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment
  • Status Open
  • TTM Yield 2.46%
  • Effective Duration 6.25 years

USD | NAV as of Feb 24, 2024 | 1-Day Return as of Feb 24, 2024, 5:37 AM GMT+0

Morningstar’s Analysis FMHTX

Will FMHTX outperform in future?

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

Strength in Fidelity Michigan 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.

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Portfolio Holdings FMHTX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 15.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

GREAT LAKES WTR AUTH MICH SEW DISP SYS REV 5%

2.24 10.6 Mil
municipal

MICHIGAN FIN AUTH REV 5%

2.18 10.2 Mil
municipal

Fidelity Municipal Cash Central

2.05 9.6 Mil
Cash and Equivalents

MICHIGAN FIN AUTH REV 4%

1.66 7.8 Mil
municipal

MICHIGAN ST BLDG AUTH REV 3%

1.57 7.4 Mil
municipal

MICHIGAN ST STRATEGIC FD LTD OBLIG REV 3.875%

1.49 7.0 Mil
municipal

MICHIGAN ST HOSP FIN AUTH REV 5%

1.36 6.4 Mil
municipal

MICHIGAN FIN AUTH REV 4%

1.31 6.2 Mil
municipal

MICHIGAN FIN AUTH REV 5%

1.28 6.0 Mil
municipal

WAYNE CNTY MICH ARPT AUTH REV 5%

1.26 5.9 Mil
municipal