Fidelity� New Jersey Municipal Income Fund

 (MUTF:FNJHX)   Watch this mutual fund  
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Performance

Trailing returns

1 day
   
-0.16%  
1 week
   
-0.28%  
4 week   +0.58%
   
3 month   +1.68%
   
YTD   +3.22%
   
1 year   +7.12%
   
3 years*   +3.19%
   
5 years*   +4.81%
   
*annualized
Best 3 month return+6.67%  
Worst 3 month return-5.20%  

Morningstar statistics

Morningstar category: Muni New Jersey
  Return Risk Rating
3 years Average Average
5 years Average Below Average
10 years Average Below Average
Overall Average Below Average

Key statistics

Total assets558.62M 
Front load-  
Deferred load-  
Expense ratio0.48%  
Management fee-  
Fund familyFidelity Investments 

Asset allocation

Cash0.91%  
Stocks0.00%  
Bonds99.09%  
Other0.00%  

Purchase information

Initial$10,000  
12.120.00(0.00%)
May 22, 8:00PM EDT Overall Morningstar RatingTM

Description

The investment seeks a high level of current income exempt from federal and New Jersey personal income taxes. The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and New Jersey personal income taxes. It allocates assets across different market sectors and maturities. The fund invests more than 25% of total assets in municipal securities that finance similar types of projects. It is non-diversified.
Fund filings (PDF) »
Asset managers:
Kevin Ramundo (Started: May 2, 2016)
Cormac Cullen (Started: May 2, 2016)
Mark Sommer (Started: May 2, 2016)
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* -3.06 -0.84 -0.68 -0.36
Beta* 1.62 1.09 1.07 0.99
Mean annual return 0.44 0.25 0.42 0.38
R-squared* 81.05 94.00 95.16 96.04
Standard deviation 2.54 3.82 3.64 4.37
Sharpe ratio 2.02 0.76 1.35 0.79
* Against standard index

Top 10 holdings