Fidelity Maryland Municipal Income Fund (SMDMX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
10.72
-0.03 (-0.28%)
Oct 29, 2024, 8:01 PM EDT
7.31%
Fund Assets 164.53M
Expense Ratio 0.55%
Min. Investment $0.00
Turnover 12.00%
Dividend (ttm) 0.27
Dividend Yield 2.53%
Dividend Growth 8.08%
Payout Frequency Monthly
Ex-Dividend Date Sep 30, 2024
Previous Close 10.75
YTD Return 0.54%
1-Year Return 9.91%
5-Year Return 2.88%
52-Week Low 9.98
52-Week High 10.98
Beta (5Y) 0.97
Holdings 132
Inception Date Apr 22, 1993

About SMDMX

The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and Maryland personal income taxes. It allocates assets across different market sectors and maturities. The fund potentially invests more than 25% of total assets in municipal securities that finance similar types of projects. It is non-diversified.

Fund Family Fidelity
Category Muni Single State Long
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol SMDMX
Index Bloomberg Municipal Bond TR

Performance

SMDMX had a total return of 9.91% in the past year. Since the fund's inception, the average annual return has been 3.75%, including dividends.

Top 10 Holdings

24.08% of assets
Name Symbol Weight
Fidelity Municipal Cash Central n/a 5.73%
BALTIMORE MD REV 5% MD BALGEN 5 07.01.2031 3.35%
WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV 5% DC DCTTRN 5 07.15.2046 2.19%
MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5% MD MDSMED 5 07.01.2038 1.99%
MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 2.5% MD MDSMED 2.5 07.01.2051 1.97%
MONTGOMERY CNTY MD 4% MD MON 4 11.01.2033 1.91%
BALTIMORE MD PROJ REV 5% MD BALGEN 5 07.01.2033 1.84%
BALTIMORE CNTY MD 3% MD BAL 3 03.01.2039 1.77%
MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 4% MD MDSMED 4 07.01.2042 1.67%
MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV 2.6% MD MDSDEV 2.6 03.01.2042 1.66%
View More Holdings

Dividend History

Ex-Dividend Amount Pay Date
Sep 30, 2024 $0.02261 Oct 1, 2024
Aug 30, 2024 $0.02304 Sep 3, 2024
Jul 31, 2024 $0.02306 Aug 1, 2024
Jun 30, 2024 $0.02212 Jul 1, 2024
May 31, 2024 $0.02306 Jun 3, 2024
Apr 30, 2024 $0.0223 May 1, 2024
Full Dividend History