4 / 5 Stars
3 3 4 5 1
Zacks Investment Research
Standard & Poor's
5 / 5 Stars
#4 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.
The fund has returned -0.50 percent over the past year, 4.84 percent over the past three years, 4.78 percent over the past five years, and 3.93 percent over the past decade.
|Trailing Returns||Updated 03.31.2014|
|Year to date||2.8%|
|3 Years (Annualized)||4.8%|
|5 Years (Annualized)||4.8%|
|10 Years (Annualized)||3.9%|
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 are Low compared to funds in the same category.
Fidelity® Michigan Municipal Income Fund has an expense ratio of 0.48 percent.
Risk is Average compared to funds in the same category according to Morningstar.