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Fidelity® Michigan Municipal Income FMHTX

Quantitative rating as of
  • NAV / 1-Day Return 11.49  /  0.09 %
  • Total Assets 495.3 Mil
  • Adj. Expense Ratio
  • Expense Ratio 0.480%
  • 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 2.13%
  • Effective Duration 6.52 years

Morningstar’s Analysis FMHTX

Will FMHTX outperform in future?

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



A decline in its Process Pillar rating is the primary driver of Fidelity® Michigan Municipal Income's downgrade to a Morningstar Quantitative Rating of Neutral from Bronze. The portfolio maintains a cost advantage over competitors, priced within the lowest fee quintile among peers.

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