Fidelity Michigan Municipal Income Fund (FMHTX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
11.19
-0.02 (-0.18%)
Jul 18, 2025, 4:00 PM EDT
-3.03%
Fund Assets448.78M
Expense Ratio0.46%
Min. Investment$0.00
Turnovern/a
Dividend (ttm)0.32
Dividend Yield2.85%
Dividend Growth6.61%
Payout FrequencyMonthly
Ex-Dividend DateJun 30, 2025
Previous Close11.21
YTD Return-1.84%
1-Year Return-0.82%
5-Year Return-2.30%
52-Week Low11.03
52-Week High11.73
Beta (5Y)0.23
Holdings295
Inception DateNov 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
Stock Exchange NASDAQ
Ticker Symbol FMHTX
Index Bloomberg Municipal Bond TR

Performance

FMHTX had a total return of -0.82% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.25%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

SymbolProviderNameExpense Ratio
VWAHXVanguardVanguard High-Yield Tax-Exempt Fund0.17%
VWLTXVanguardVanguard Long-Term Tax-Exempt Fund0.17%

Top 10 Holdings

16.36% of assets
NameSymbolWeight
Fidelity Municipal Cash Centraln/a2.98%
MICHIGAN FIN AUTH REV 0.05%MI.MISFIN 5 11.15.20482.55%
MICHIGAN FIN AUTH REV 0.04%MI.MISFIN 4 12.01.20491.52%
MICHIGAN ST STRATEGIC FD LTD OBLIG REV 0.03875%MI.MISGEN 06.01.20531.48%
MICHIGAN ST BLDG AUTH REV 0.03%MI.MISFAC 3 10.15.20451.45%
WAYNE CNTY MICH ARPT AUTH REV 0.05%MI.WAYAPT 5 12.01.20301.33%
MICHIGAN FIN AUTH REV 0.04%MI.MISFIN 4 06.01.20491.33%
WAYNE CNTY MICH ARPT AUTH REV 0.05%MI.WAYAPT 5 12.01.20361.27%
MICHIGAN ST STRATEGIC FD LTD OBLIG REV 0.0425%MI.MISGEN 4.25 12.31.20381.24%
MICHIGAN FIN AUTH REV 0.04%MI.MISFIN 4 02.15.20501.22%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Jun 30, 2025$0.02666Jul 1, 2025
May 30, 2025$0.02772Jun 2, 2025
Apr 30, 2025$0.02711May 1, 2025
Mar 31, 2025$0.02754Apr 1, 2025
Feb 28, 2025$0.0238Mar 3, 2025
Jan 31, 2025$0.02673Feb 3, 2025
Full Dividend History