Sector Allocation - FMHTX
as of 04/30/2013
| Basic Materials | -- | |
|---|---|---|
| Consumer Cyclical | -- | |
| Financial Services | -- | |
| Real Estate | -- | |
| Consumer Defensive | -- | |
| Healthcare | -- | |
| Utilities | -- | |
| Communication Services | -- | |
| Energy | -- | |
| Industrials | -- | |
| Technology | -- |
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FMHTX:NASDAQ
Fidelity Michigan Municipal Income Fund – FMHTX Fund Overview
| Last Price | Today's Change | 52-Week Range | Trading Volume |
|---|---|---|---|
| 12.51 | -0.01 (-0.08%) | 12.42 - 12.70 | 0.0 |
Market data as of 6:05PM 05/20/13. Quotes are delayed by at least 15 min.
Overview - FMHTX
The investment seeks a high level of current income exempt from federal income tax and Michigan personal income tax. The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and Michigan personal income taxes. It invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund allocates assets across different market sectors and maturities. It is non-diversified.
Growth of $10,000 (10 Years)
| Total Return | 6.47% |
|---|---|
| Yield (Trailing 12 Mo.) | 3.48% |
| Expense Ratio | 0.49% |
| Front Load | None |
| Deferred Load | None |
| Minimum Investment | $10,000 |
| Management Tenure | 7 Years |
| Fund Inception | 11/12/1985 |
Trailing Total Returns - FMHTX
as of 04/30/2013
| Timeframe | FMHTX | S&P 500 | Muni Single State Interm |
|---|---|---|---|
| 1 Month | 1.01% | 1.93% | 0.94% |
| 3 Month | 1.15% | 7.18% | 0.77% |
| Year-to-Date | 1.45% | 12.74% | 1.04% |
| 1 Year | 4.90% | 16.89% | 3.78% |
| 3 Year | 5.74% | 12.80% | 4.87% |
| 5 Year | 5.49% | 5.21% | 4.82% |
| 10 Year | 4.59% | 7.88% | 3.85% |
| Since Inception | 6.47% | 10.38% | -- |
Asset Allocation - FMHTX
as of 04/30/2013
| By Percent | Short | 0% | Long | Net | |
|---|---|---|---|---|---|
| Stock | -- | 0.00 | 0.00 | ||
| Bond | -- | 98.91 | 98.91 | ||
| Other | -- | 0.00 | 0.00 | ||
| Foreign Stock | -- | 0.00 | 0.00 | ||
| Foreign Bond | -- | 0.00 | 0.00 | ||
| Total | -- | 98.91 | 98.91 | ||
| Cash | -- | 1.09 | 1.09 | ||
| Total Net Assets | $712.16M |
|---|---|
| Total Stock Holdings | 0 |
| Total Bond Holdings | 258 |
Bond Credit Quality - FMHTX
as of 04/30/2013
| AAA | 6.51% | |
|---|---|---|
| AA | 63.01% | |
| A | 25.35% | |
| BBB | 3.20% |
| BB | 0.58% | |
|---|---|---|
| B | 0.81% | |
| Below B | 0.00% | |
| Not Rated | 0.54% |
Top Ten Holdings - FMHTX
as of 04/30/2013
| Company | YTD Return | % of Assets |
|---|---|---|
| Michigan Fin Auth 5% | -- | 1.75% |
| Michigan St Bldg Auth 5.5% | -- | 1.64% |
| Michigan St Strategic Fd Ltd O Ltd Ob 7% | -- | 1.61% |
| Brighton Mich Area Sch Dist | -- | 1.42% |
| Michigan St Hosp Fin Auth 5% | -- | 1.26% |
| Detroit Mich Sew Disp Rev Second Li 5% | -- | 1.15% |
| Michigan Fin Auth 5% | -- | 1.13% |
| Michigan St Hosp Fin Auth 5.75% | -- | 1.13% |
| Univ Mich Univ Revs Gen Rev B 5% | -- | 1.03% |
| Detroit Mich Wtr Sply Sys Re Wtr Sy 6.5% | -- | 0.99% |
Valuation & Growth - FMHTX
as of 04/30/2013
| Valuation | FMHTX | Category Range |
|---|---|---|
| Price/Earnings | -- | |
| Price/Book | -- | |
| Price/Sales | -- | |
| Price/Cash Flow | -- | |
| Dividend Yield | ||
| LT Earnings | ||
| Historical Earnings | ||
| Sales Growth | ||
| Cash-Flow Growth | ||
| Book-Value Growth |
Key: Lo Hi
Morningstar Summary - FMHTX, 3 Year
| Rate Sensitivity | |||
|---|---|---|---|
| High | |||
| Mid | |||
| Low | |||
 |  |  |
| Rating | vs Category | |
|---|---|---|
| Overall |  | |
| Risk | Below Avg | |
| Return | Above Avg |
Key: Lo Hi
Tax Analysis - FMHTX, 3 Year Avg
| Pretax Return | 5.74% |
|---|---|
| Tax-adjusted Return | 5.73% |
| Tax Cost Ratio | 0.01% |
| Potential Cap Gains | 7.15% |
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