Skip to Content
Morningstar

Fidelity Massachusetts Municipal Income FDMMX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 11.33  /  +0.10 %
  • Total Assets 1.7 Bil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni Massachusetts
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.62%
  • Effective Duration 6.60 years

USD | NAV as of Jul 02, 2024 | 1-Day Return as of Jul 02, 2024, 10:13 PM GMT+0

Morningstar’s Analysis FDMMX

Will FDMMX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FDMMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FDMMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FDMMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A strong management team and sound investment process underpin Fidelity Massachusetts Municipal Income's Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FDMMX

More FDMMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MASSACHUSETTS ST 5%

3.06 52.9 Mil
municipal

MASSACHUSETTS ST 5%

2.60 45.1 Mil
municipal

Fidelity Municipal Cash Central

2.24 38.8 Mil
Cash and Equivalents

MASSACHUSETTS ST 3%

1.67 28.8 Mil
municipal

MASSACHUSETTS ST TPK AUTH MET HWY SYS REV 0%

1.62 28.0 Mil
municipal

MASSACHUSETTS ST 5%

1.42 24.6 Mil
municipal

MASSACHUSETTS ST 5.25%

1.34 23.2 Mil
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

1.30 22.5 Mil
municipal

MASSACHUSETTS ST TRANSN FD REV 5%

1.17 20.3 Mil
municipal

MASSACHUSETTS ST DEV FIN AGY REV 4%

1.17 20.2 Mil
municipal