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% (1Y)
| Fund Assets | 448.78M |
| Expense Ratio | 0.46% |
| Min. Investment | $0.00 |
| Turnover | n/a |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 2.85% |
| Dividend Growth | 6.61% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 11.21 |
| YTD Return | -1.84% |
| 1-Year Return | -0.82% |
| 5-Year Return | -2.30% |
| 52-Week Low | 11.03 |
| 52-Week High | 11.73 |
| Beta (5Y) | 0.23 |
| Holdings | 295 |
| 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 -0.82% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.25%.
Top 10 Holdings
16.36% of assets| Name | Symbol | Weight |
|---|---|---|
| Fidelity Municipal Cash Central | n/a | 2.98% |
| MICHIGAN FIN AUTH REV 0.05% | MI.MISFIN 5 11.15.2048 | 2.55% |
| MICHIGAN FIN AUTH REV 0.04% | MI.MISFIN 4 12.01.2049 | 1.52% |
| MICHIGAN ST STRATEGIC FD LTD OBLIG REV 0.03875% | MI.MISGEN 06.01.2053 | 1.48% |
| MICHIGAN ST BLDG AUTH REV 0.03% | MI.MISFAC 3 10.15.2045 | 1.45% |
| WAYNE CNTY MICH ARPT AUTH REV 0.05% | MI.WAYAPT 5 12.01.2030 | 1.33% |
| MICHIGAN FIN AUTH REV 0.04% | MI.MISFIN 4 06.01.2049 | 1.33% |
| WAYNE CNTY MICH ARPT AUTH REV 0.05% | MI.WAYAPT 5 12.01.2036 | 1.27% |
| MICHIGAN ST STRATEGIC FD LTD OBLIG REV 0.0425% | MI.MISGEN 4.25 12.31.2038 | 1.24% |
| MICHIGAN FIN AUTH REV 0.04% | MI.MISFIN 4 02.15.2050 | 1.22% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.02666 | Jul 1, 2025 |
| 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 |