Fidelity Michigan Municipal Income Fund (FMHTX)
NASDAQ · Mutual Fund
· Delayed Price · Currency is USD
11.37
-0.02 (-0.18%)
Jan 14, 2025, 8:01 PM EST
-1.73% (1Y)
| Fund Assets | 472.52M |
| Expense Ratio | 0.46% |
| Min. Investment | $0.00 |
| Turnover | 21.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 2.74% |
| Dividend Growth | 11.64% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 11.39 |
| YTD Return | -0.96% |
| 1-Year Return | 0.71% |
| 5-Year Return | 1.05% |
| 52-Week Low | 11.30 |
| 52-Week High | 11.73 |
| Beta (5Y) | 0.94 |
| Holdings | 277 |
| Inception Date | Nov 12, 1985 |
About FMHTX
The fund normally invests at least 80% of its 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.
Fund Family Fidelity
Category Muni Single State Long
Performance Rating Average
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol FMHTX
Index Bloomberg Municipal Bond TR
Performance
FMHTX had a total return of 0.71% in the past year. Since the fund's inception, the average annual return has been 4.33%, including dividends.
Top 10 Holdings
19.54% of assets| Name | Symbol | Weight |
|---|---|---|
| Fidelity Municipal Cash Central | n/a | 5.22% |
| MICHIGAN FIN AUTH REV 5% | MI MISFIN 5 11.15.2048 | 2.63% |
| MICHIGAN ST HOSP FIN AUTH REV 5% | n/a | 1.80% |
| MICHIGAN FIN AUTH REV 4% | MI MISFIN 4 12.01.2049 | 1.68% |
| MICHIGAN ST BLDG AUTH REV 3% | MI MISFAC 3 10.15.2045 | 1.60% |
| MICHIGAN ST STRATEGIC FD LTD OBLIG REV 3.875% | MI MISGEN 06.01.2053 | 1.51% |
| MICHIGAN FIN AUTH REV 4% | n/a | 1.32% |
| WAYNE CNTY MICH ARPT AUTH REV 5% | n/a | 1.31% |
| MICHIGAN ST STRATEGIC FD LTD OBLIG REV 4.25% | MI MISGEN 4.25 12.31.2038 | 1.24% |
| MICHIGAN FIN AUTH REV 5% | MI MISFIN 5 11.15.2041 | 1.24% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.02711 | Jan 2, 2025 |
| Dec 6, 2024 | $0.001 | Dec 9, 2024 |
| Nov 29, 2024 | $0.02589 | Dec 2, 2024 |
| Oct 31, 2024 | $0.02671 | Nov 1, 2024 |
| Sep 30, 2024 | $0.02563 | Oct 1, 2024 |
| Aug 30, 2024 | $0.02662 | Sep 3, 2024 |