Fidelity Michigan Municipal Income Fund (FMHTX)
NASDAQ · Mutual Fund
· Delayed Price · Currency is USD
11.29
0.00 (0.00%)
Jun 27, 2025, 4:00 PM EDT
-1.57% (1Y)
| Fund Assets | 454.00M |
| Expense Ratio | 0.46% |
| Min. Investment | $0.00 |
| Turnover | n/a |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 2.82% |
| Dividend Growth | 7.25% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 30, 2025 |
| Previous Close | 11.29 |
| YTD Return | -0.96% |
| 1-Year Return | 0.68% |
| 5-Year Return | -0.39% |
| 52-Week Low | 11.03 |
| 52-Week High | 11.73 |
| Beta (5Y) | 0.23 |
| Holdings | 289 |
| 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 0.68% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.28%.
Top 10 Holdings
16.25% of assets| Name | Symbol | Weight |
|---|---|---|
| MICHIGAN FIN AUTH REV 5% | MI.MISFIN 5 11.15.2048 | 2.62% |
| Fidelity Municipal Cash Central | n/a | 2.56% |
| MICHIGAN FIN AUTH REV 4% | MI.MISFIN 4 12.01.2049 | 1.56% |
| MICHIGAN ST STRATEGIC FD LTD OBLIG REV 3.875% | MI.MISGEN 06.01.2053 | 1.54% |
| MICHIGAN ST BLDG AUTH REV 3% | MI.MISFAC 3 10.15.2045 | 1.49% |
| MICHIGAN FIN AUTH REV 4% | MI.MISFIN 4 06.01.2049 | 1.36% |
| WAYNE CNTY MICH ARPT AUTH REV 5% | MI.WAYAPT 5 12.01.2030 | 1.34% |
| WAYNE CNTY MICH ARPT AUTH REV 5% | MI.WAYAPT 5 12.01.2036 | 1.28% |
| MICHIGAN FIN AUTH REV 4% | MI.MISFIN 4 02.15.2050 | 1.26% |
| MICHIGAN ST STRATEGIC FD LTD OBLIG REV 4.25% | MI.MISGEN 4.25 12.31.2038 | 1.23% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 30, 2025 | $0.02772 | Jun 2, 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 |