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Address And Details

82 Devonshire St , Boston, MA 02109
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The fund seeks a high level of current income exempt from federal income tax and Michigan personal income tax. Normally investing at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and Michigan personal income taxes. Managing the fund to have similar overall interest rate risk to an index designed to represent Fidelity Management & Research Company LLC (FMR)'s view of how the fund's competitive universe will perform over time. Allocating assets across different market sectors and maturities. Potentially investing more than 25% of total assets in municipal securities that finance similar types of projects. Analyzing the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments.

Net Asset Value

as of 5:23 PM ET 12/01/2021


  • 1 Week
  • -0.16%
  • 1 Month
  • +0.08%
  • 3 Months
  • -1.10%
  • 1 Yr Return
  • -0.78%
  • 5 Yr Return
  • +7.21%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 99.40%
Other 0.60%
Stocks 0.00%
Cash 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 727.81 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 0.57 0.06 0.14
Beta 0.88 0.93 0.92
R Squared 0.98 0.98 0.98
Std Deviation 3.53 3.65 3.36
Sharpe Ratio 1.23 0.62 n/a

Purchase Information

as of 5:17 PM ET 11/30/2021
Minimum Initial $0
Minimum Additional $0
Minimum Initial IRA $0


Timeframe Average Annual Current Performance Monthly As Of 11/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 11/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +2.54%
  • +2.29%
+2.54% +2.29%
3 Year
  • +5.16%
  • +4.93%
+5.16% +4.93%
10 Year
  • +3.74%
  • +3.70%
+3.74% +3.70%
Life Of Fund
  • +5.69%
  • +5.70%
+5.69% +5.70%

Top 10 Holdings

Symbol Company Name % Of Assets

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