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Morningstar

Fidelity® New Jersey Municipal Income FNJHX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 11.06  /  0.08 %
  • Total Assets 501.8 Mil
  • Adj. Expense Ratio
    0.480%
  • Expense Ratio 0.480%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni New Jersey
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.61%
  • Effective Duration 6.28 years

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 10:15 PM GMT+0

Morningstar’s Analysis FNJHX

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

People Pillar

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

Strength in Fidelity ® New Jersey 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 cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FNJHX

More FNJHX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 229
  • Other Holdings 3
  • % Assets in Top 10 Holdings 19.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Municipal Cash Central

7.50
38,320,000
Cash and Equivalents

RIB FLOATER TR VARIOUS STS 3.4%

4.38
22,400,000
municipal

NEW JERSEY ST TRANSN TR FD AUTH 0%

2.83
14,437,842
municipal

NEW JERSEY ST TRANSN TR FD AUTH 0%

2.22
11,329,878
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH 5%

2.21
11,297,366
municipal

NEW JERSEY ST TRANSN TR FD AUTH 5%

2.14
10,955,031
municipal

NEW JERSEY ST TRANSN TR FD AUTH 4%

1.99
10,147,365
municipal

NEW JERSEY ST TRANSN TR FD AUTH 0%

1.74
8,867,340
municipal

NEW JERSEY ST TRANSN TR FD AUTH 0%

1.58
8,083,693
municipal

SOUTH JERSEY TRANSN AUTH N J TRANSN SYS REV 5%

1.42
7,252,467
municipal