4 / 5 Stars
4 4 4 5 2
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 5 Stars
#1 in Muni Single State Interm
U.S. News evaluated 72 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 4.90 percent over the past year, 5.74 percent over the past three years, 5.49 percent over the past five years, and 4.59 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||1.5%|
|3 Years (Annualized)||5.7%|
|5 Years (Annualized)||5.5%|
|10 Years (Annualized)||4.6%|
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.