Morningstar

Fidelity Michigan Municipal Income Fund FMHTX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 11.66  /  0.00
  • Total Assets 506.5M
  • Adj. Expense Ratio
    0.460%
  • Expense Ratio 0.460%
  • 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 0
  • Status Open
  • TTM Yield 2.90%
  • Effective Duration 6.74 years

USD | NAV as of Jun 11, 2026 | 1-Day Return as of Jun 11, 2026, 9:36 PM GMT+0

Morningstar’s Analysis FMHTX

Will FMHTX outperform in the 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 FMHTX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Fidelity Michigan Municipal Income holds a quantitatively derived Gold Morningstar Medalist Rating. The rating reflects that it has scored particularly well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FMHTX

More FMHTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MICHIGAN ST BLDG AUTH REV 2.48%

3.67 18M
municipal

MICHIGAN FIN AUTH REV 4%

1.43 7M
municipal

MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV 2.41%

1.40 7M
municipal

MICHIGAN ST STRATEGIC FD LTD OBLIG REV 3.875%

1.40 7M
municipal

MICHIGAN ST BLDG AUTH REV 3%

1.38 7M
municipal

MICHIGAN FIN AUTH REV 4%

1.25 6M
municipal

WAYNE CNTY MICH ARPT AUTH REV 5%

1.23 6M
municipal

LANSING MICH BRD WTR & LT UTIL SYS REV 5%

1.21 6M
municipal

MICHIGAN ST STRATEGIC FD LTD OBLIG REV 4.25%

1.17 6M
municipal

MICHIGAN FIN AUTH REV 4%

1.12 6M
municipal

Sponsor Center