Fidelity Massachusetts Municipal Income Fund (FDMMX)
| Fund Assets | 1.79B |
| Expense Ratio | 0.45% |
| Min. Investment | $0.00 |
| Turnover | 19.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 2.66% |
| Dividend Growth | 2.48% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 11.61 |
| YTD Return | 1.27% |
| 1-Year Return | 5.59% |
| 5-Year Return | 3.39% |
| 52-Week Low | 10.63 |
| 52-Week High | 11.62 |
| Beta (5Y) | 0.26 |
| Holdings | 460 |
| Inception Date | Nov 10, 1983 |
About FDMMX
Fidelity Massachusetts Municipal Income Fund is a municipal bond mutual fund designed to provide investors with a high level of current income exempt from both federal and Massachusetts personal income taxes. The fund primarily invests at least 80% of its assets in investment-grade municipal securities that finance public projects within Massachusetts, focusing on securities such as general obligation and revenue bonds used for state infrastructure, development, and other public purposes. With a large and diversified portfolio typically exceeding 400 holdings, the fund offers monthly distributions and is managed to maintain medium credit quality and interest rate sensitivity. Its low expense ratio and no minimum initial investment requirement highlight its accessibility, while its role in the market centers on offering tax-advantaged income solutions tailored specifically for Massachusetts residents or others seeking exposure to the state's municipal securities market. Established in 1983, the fund is recognized for its experienced management and disciplined investment process, positioning it as a specialized vehicle for municipal income within a single-state focus.
Performance
FDMMX had a total return of 5.59% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.00%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.02544 | Feb 2, 2026 |
| Dec 31, 2025 | $0.02656 | Jan 2, 2026 |
| Dec 5, 2025 | $0.001 | Dec 8, 2025 |
| Nov 30, 2025 | $0.02557 | Dec 1, 2025 |
| Oct 31, 2025 | $0.02646 | Nov 1, 2025 |
| Sep 30, 2025 | $0.02566 | Oct 1, 2025 |