Fidelity Maryland Municipal Income Fund (SMDMX)

Fund Assets	154.35M
Expense Ratio	0.57%
Min. Investment	$0.00
Turnover	22.00%
Dividend (ttm)	0.28
Dividend Yield	2.71%
Dividend Growth	1.71%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	10.34
YTD Return	-2.97%
1-Year Return	-1.71%
5-Year Return	0.69%
52-Week Low	10.14
52-Week High	11.14
Beta (5Y)	0.28
Holdings	156
Inception Date	Apr 22, 1993

About SMDMX

Fidelity Maryland Municipal Income Fund is an open-end mutual fund focused on providing investors with a high level of current income that is exempt from both federal and Maryland personal income taxes. The fund primarily invests at least 80% of its assets in investment-grade municipal securities issued by Maryland state and local governments, as well as certain entities supporting public infrastructure and services. By concentrating on tax-exempt securities, the fund is specifically structured to appeal to investors seeking tax-advantaged income, particularly those residing in Maryland. This fund takes a non-diversified approach, often allocating more than 25% of assets to municipal securities associated with similar types of projects or sectors, such as health, transportation, and education. Its holdings typically span multiple maturities and sectors within Maryland’s municipal bond market, aiming to balance yield with credit quality while maintaining moderate interest rate sensitivity. As part of the broader municipal bond market, the fund plays a vital role in supporting public finance and infrastructure development within Maryland, while offering individual and institutional investors a means to pursue stable, tax-exempt income through professionally managed fixed income investments.

• Fund Family: Fidelity
• Category: MD Municipal Debt
• 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 -1.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.62%.

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02394	Oct 1, 2026
Aug 31, 2026	$0.02446	Sep 1, 2026
Jul 31, 2026	$0.0245	Aug 3, 2026
Jun 30, 2026	$0.02333	Jul 1, 2026
May 31, 2026	$0.02392	Jun 1, 2026
Apr 30, 2026	$0.02311	May 1, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

Data Sources Report a data error