Fidelity Michigan Municipal Income Fund (FMHTX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
11.23
0.00 (0.00%)
Jun 4, 2025, 8:09 AM EDT
-0.71%
Fund Assets 451.23M
Expense Ratio 0.46%
Min. Investment $0.00
Turnover n/a
Dividend (ttm) 0.29
Dividend Yield 2.59%
Dividend Growth 7.25%
Payout Frequency Monthly
Ex-Dividend Date May 31, 2025
Previous Close 11.23
YTD Return -1.49%
1-Year Return 1.57%
5-Year Return -0.44%
52-Week Low 11.03
52-Week High 11.73
Beta (5Y) 0.23
Holdings 285
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
Stock Exchange NASDAQ
Ticker Symbol FMHTX
Index Bloomberg Municipal Bond TR

Performance

FMHTX had a total return of 1.57% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.27%.

Equivalent Funds

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

Symbol Provider Name Expense Ratio
VWAHX Vanguard Vanguard High-Yield Tax-Exempt Fund 0.17%
VWLTX Vanguard Vanguard Long-Term Tax-Exempt Fund 0.17%

Top 10 Holdings

19.42% of assets
Name Symbol Weight
Fidelity Revere Street Trust - Fidelity Municipal Cash Central Fund n/a 5.87%
MICHIGAN FIN AUTH RE - MICHIGAN FIN AU 5% 11/15/2048 n/a 2.61%
MICHIGAN FIN AUTH RE - MICHIGAN FIN AU 4% 12/1/2049 n/a 1.53%
MICHIGAN ST STRATEGIC FD LTD OBLIG REV - MI STRAT FND MT 3.875% 6/1/2053 @ MI.MISGEN 06.01.2053 1.52%
MICHIGAN ST BLDG AUTH REV - MI BLDG 3% 10/15/2045 MI.MISFAC 3 10.15.2045 1.48%
MICHIGAN FIN AUTH RE - MICHIGAN FIN AU 4% 6/1/2049 n/a 1.36%
WAYNE CNTY MICH ARPT AUTH REV - WAYNE CO MI AAR 5% 12/1/2030 @ MI.WAYAPT 5 12.01.2030 1.33%
WAYNE CNTY MICH ARPT AUTH REV - WAYNE CO MI AAR 5% 12/1/2036 MI.WAYAPT 5 12.01.2036 1.26%
MICHIGAN FIN AUTH RE - MICHIGAN FIN AU(MCLAREN HLTHCRE) 4% 2/15/50 MI.MISFIN 4 02.15.2050 1.24%
MICHIGAN ST STRATEGIC FD LTD OBLIG REV - MI STRAT FND 4.25% 12/31/2038@ MI.MISGEN 4.25 12.31.2038 1.21%
View More Holdings

Dividend History

Ex-Dividend Amount Pay Date
May 31, 2025 $0.02772 Jun 1, 2025
Apr 30, 2025 $0.02711 May 1, 2025
Mar 31, 2025 $0.02754 Apr 1, 2025
Feb 28, 2025 $0.0238 Mar 3, 2025
Jan 31, 2025 $0.02673 Feb 3, 2025
Dec 31, 2024 $0.02711 Jan 2, 2025
Full Dividend History