Morningstar

Fidelity Maryland Municipal Income Fund SMDMX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 10.96  /  +0.09 %
  • Total Assets 163.3M
  • Adj. Expense Ratio
    0.550%
  • Expense Ratio 0.550%
  • Distribution Fee Level 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 2.56%
  • Effective Duration 6.48 years

USD | NAV as of Jun 16, 2026 | 1-Day Return as of Jun 16, 2026, 5:11 AM GMT+0

Morningstar’s Analysis SMDMX

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

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Fidelity Maryland 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

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Portfolio Holdings SMDMX

More SMDMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Municipal Cash Central

3.42 5M
Cash and Equivalents

BALTIMORE MD REV 5%

3.31 5M
municipal

MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 2.5%

1.95 3M
municipal

MONTGOMERY CNTY MD 4%

1.93 3M
municipal

BALTIMORE MD PROJ REV 5%

1.87 3M
municipal

BALTIMORE CNTY MD 3%

1.85 3M
municipal

MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV 2.6%

1.71 3M
municipal

MARYLAND ST ECONOMIC DEV CORP PRIVATE ACTIVITY REV 5%

1.60 3M
municipal

BALTIMORE MD PROJ REV 5%

1.58 3M
municipal

FREDERICK CNTY MD 1.75%

1.49 2M
municipal

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