Fidelity� Massachusetts Municipal Income

 (MUTF:FDMMX)   Watch this mutual fund  
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Performance

Trailing returns

1 day   +0.01%
   
1 week
   
-0.18%  
4 week
   
-1.25%  
3 month
   
-0.92%  
YTD
   
-0.39%  
1 year   +3.51%
   
3 years*   +2.97%
   
5 years*   +4.40%
   
*annualized
Best 3 month return+6.55%  
Worst 3 month return-5.73%  

Morningstar statistics

Morningstar category: Muni Massachusetts
  Return Risk Rating
3 years Above Average Below Average
5 years Above Average Below Average
10 years Above Average Below Average
Overall Above Average Below Average

Key statistics

Total assets2.21B 
Front load-  
Deferred load-  
Expense ratio0.46%  
Management fee-  
Fund familyFidelity Investments 

Asset allocation

Cash0.41%  
Stocks0.00%  
Bonds99.59%  
Other0.00%  

Purchase information

Initial$10,000  
12.34+0.02(0.16%)
May 26, 4:00PM EDT Overall Morningstar RatingTM

Description

The investment seeks a high level of current income, exempt from federal income tax and Massachusetts personal income tax. The fund invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and Massachusetts 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 filings (PDF) »
Asset manager:
Kevin Ramundo (Started: Jun 30, 2010)
Advisor Company:
Fidelity Management & Research Company
Fund family reports on Morningstar »
Fidelity Investments, 483 Bay Street, Boston, MA 02109, USA
1-800-387-8092 (Fax)

Risk

  1 year 3 years 5 years 10 years  
Alpha* -0.04 -0.43 -0.32 -0.24
Beta* 1.15 1.11 1.07 1.01
Mean annual return 0.45 0.29 0.39 0.37
R-squared* 98.81 98.59 98.22 98.50
Standard deviation 3.10 4.12 4.19 4.46
Sharpe ratio 1.73 0.82 1.11 0.67
* Against standard index

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