Fidelity® Michigan Municipal Income Fund

Class No Load (FMHTX)
Scorecard
4 / 5 Stars
Lipper
3 4 3 5 1
Zacks Investment Research
2 (Buy)
Standard & Poor's
5 / 5 Stars
TheStreet.com
A- (Buy)

#9 in Muni Single State Interm

U.S. News evaluated 68 Muni Single State Interm Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned -0.75 percent over the past year, 4.73 percent over the past three years, 4.83 percent over the past five years, and 3.88 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 2.7%
1 Year -0.7%
3 Years (Annualized) 4.7%
5 Years (Annualized) 4.8%
10 Years (Annualized) 3.9%

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Summary

The investment seeks a high level of current income exempt from federal income tax and Michigan personal income tax. The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and Michigan personal income taxes. It invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund allocates assets across different market sectors and maturities. It is non-diversified.

Fees

Fees are Low compared to funds in the same category.
Fidelity® Michigan Municipal Income Fund has an expense ratio of 0.48 percent.

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Risk

Risk is Average compared to funds in the same category according to Morningstar.

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