5 / 5 Stars
4 4 3 5 1
Zacks Investment Research
Standard & Poor's
5 / 5 Stars
#2 in Muni Massachusetts
U.S. News evaluated 18 Muni Massachusetts Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -0.29 percent over the past year, 5.43 percent over the past three years, 5.45 percent over the past five years, and 4.18 percent over the past decade.
|Trailing Returns||Updated 03.31.2014|
|Year to date||3.2%|
|3 Years (Annualized)||5.4%|
|5 Years (Annualized)||5.4%|
|10 Years (Annualized)||4.2%|
The investment seeks a high level of current income, exempt from federal income tax and Massachusetts personal income tax. The fund invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and Massachusetts personal income taxes. It allocates assets across different market sectors and maturities. The fund potentially invests more than 25% of total assets in municipal securities that finance similar types of projects. It is non-diversified.
Fees are Low compared to funds in the same category.
Fidelity® Massachusetts Municipal Income Fund has an expense ratio of 0.46 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.