3 / 5 Stars
2 2 4 5 2
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
#4 in Muni Minnesota
U.S. News evaluated 15 Muni Minnesota 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 -0.70 percent over the past year, 4.58 percent over the past three years, 4.38 percent over the past five years, and 3.83 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||1.5%|
|3 Years (Annualized)||4.6%|
|5 Years (Annualized)||4.4%|
|10 Years (Annualized)||3.8%|
The investment seeks a high level of current income exempt from federal income tax and Minnesota personal income tax. The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and Minnesota personal income taxes. It manages the fund to have similar overall interest rate risk to an index designed to represent Fidelity Management & Research Company's view of how the fund's competitive universe will perform over time. The fund allocates assets across different market sectors and maturities. It is non-diversified.
Fees are Low compared to funds in the same category.
Fidelity Minnesota Municipal Income Fund has an expense ratio of 0.49 percent.
Risk is Low compared to funds in the same category according to Morningstar.