Continue to site >
Trending ETFs
You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

Fidelity® Municipal Income Fund

FHIGX | Fund

$12.03

$4.41 B

2.95%

$0.36

0.45%

Vitals

YTD Return

1.3%

1 yr return

-2.0%

3 Yr Avg Return

-2.8%

5 Yr Avg Return

-1.2%

Net Assets

$4.41 B

Holdings in Top 10

7.7%

52 WEEK LOW AND HIGH

$12.0
$11.28
$12.37

Expenses

OPERATING FEES

Expense Ratio 0.45%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 5.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

Fidelity® Municipal Income Fund

FHIGX | Fund

$12.03

$4.41 B

2.95%

$0.36

0.45%

FHIGX - Profile

Distributions

  • YTD Total Return 1.6%
  • 3 Yr Annualized Total Return -2.8%
  • 5 Yr Annualized Total Return -1.2%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.65%
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity® Municipal Income Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Dec 01, 1977
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Cormac Cullen

Fund Description

Normally investing at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal income tax. 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.
Read More

FHIGX - Performance

Return Ranking - Trailing

Period FHIGX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -86.8% 7.5% 15.95%
1 Yr -2.0% -48.9% 15.3% 64.36%
3 Yr -2.8%* -21.5% 51.9% 78.00%
5 Yr -1.2%* -5.9% 29.0% 57.84%
10 Yr -1.0%* -3.6% 13.2% 61.96%

* Annualized

Return Ranking - Calendar

Period FHIGX Return Category Return Low Category Return High Rank in Category (%)
2022 -12.5% -91.1% 101.7% 67.20%
2021 -0.1% -79.2% 102.5% 47.77%
2020 0.5% -66.1% 60.0% 47.47%
2019 1.3% -57.4% 7.6% 21.26%
2018 -0.6% -35.9% 3.2% 64.60%

Total Return Ranking - Trailing

Period FHIGX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% -86.8% 7.5% 8.36%
1 Yr -2.0% -48.9% 15.4% 64.70%
3 Yr -2.8%* -21.5% 51.9% 78.59%
5 Yr -1.2%* -5.9% 29.0% 60.47%
10 Yr -0.7%* -3.6% 13.3% 43.62%

* Annualized

Total Return Ranking - Calendar

Period FHIGX Return Category Return Low Category Return High Rank in Category (%)
2022 -12.7% -91.1% 101.7% 70.65%
2021 -0.1% -79.2% 102.5% 47.80%
2020 0.5% -66.1% 60.0% 47.44%
2019 1.3% -57.4% 7.6% 21.25%
2018 -0.4% -35.9% 3.2% 45.24%

NAV & Total Return History

FHIGX - Holdings

Concentration Analysis

FHIGX Category Low Category High FHIGX % Rank
Net Assets 4.41 B 2.87 M 73.9 B 8.01%
Number of Holdings 1336 1 14000 5.66%
Net Assets in Top 10 331 M -317 M 8.64 B 7.76%
Weighting of Top 10 7.72% 2.4% 100.0% 92.66%

Top 10 Holdings

  1. CALIFORNIA ST 5% 1.31%
  2. NEW JERSEY ECONOMIC DEV AUTH REV 5% 1.07%
  3. METROPOLITAN TRANSN AUTH N Y REV 4% 0.88%
  4. ILLINOIS FIN AUTH REV 5% 0.87%
  5. Fidelity Municipal Cash Central 0.76%
  6. SOUTH CAROLINA ST PUB SVCS AUTH REV 5.5% 0.75%
  7. ILLINOIS FIN AUTH REV 5% 0.74%
  8. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% 0.69%
  9. ILLINOIS ST 5% 0.66%
  10. NEW YORK ST URBAN DEV CORP REV 4% 0.65%

Asset Allocation

Weighting Return Low Return High FHIGX % Rank
Bonds 		98.49% 0.00% 150.86% 62.96%
Cash 		1.51% -50.86% 100.00% 36.03%
Stocks 		0.00% -0.03% 4.63% 89.92%
Preferred Stocks 		0.00% -1.79% 0.04% 92.37%
Other 		0.00% -13.03% 30.01% 91.83%
Convertible Bonds 		0.00% 0.00% 0.93% 92.69%

Bond Sector Breakdown

Weighting Return Low Return High FHIGX % Rank
Municipal 		98.49% 0.00% 100.00% 60.27%
Cash & Equivalents 		1.51% 0.00% 100.00% 37.99%
Derivative 		0.00% 0.00% 21.68% 92.01%
Securitized 		0.00% 0.00% 5.93% 92.15%
Corporate 		0.00% 0.00% 9.99% 93.33%
Government 		0.00% 0.00% 52.02% 92.28%

Bond Geographic Breakdown

Weighting Return Low Return High FHIGX % Rank
US 		98.46% 0.00% 142.23% 41.51%
Non US 		0.03% 0.00% 62.14% 61.14%

FHIGX - Expenses

Operational Fees

FHIGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% 0.02% 3.60% 64.32%
Management Fee 0.35% 0.00% 1.10% 29.87%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

FHIGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 4.90% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

FHIGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 94.78%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FHIGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 5.00% 0.00% 283.00% 6.08%

FHIGX - Distributions

Dividend Yield Analysis

FHIGX Category Low Category High FHIGX % Rank
Dividend Yield 2.95% 0.00% 35.27% 21.62%

Dividend Distribution Analysis

FHIGX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

FHIGX Category Low Category High FHIGX % Rank
Net Income Ratio 1.65% -0.53% 24.00% 65.39%

Capital Gain Distribution Analysis

FHIGX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Distributions History

View More +

FHIGX - Fund Manager Analysis

Managers

Cormac Cullen

Start Date

Tenure

Tenure Rank

May 02, 2016

6.08

6.1%

Mr. Cullen has worked as a research analyst and portfolio manager with Fidelity since 2010. Prior to assuming his current position, from 2007 to 2010, Mr. Cullen supported FIAM’s Fixed Income Division as senior legal counsel.

Elizah McLaughlin

Start Date

Tenure

Tenure Rank

Sep 11, 2018

3.72

3.7%

Since joining Fidelity Investments in 1997, Ms. McLaughlin has worked as an analyst and portfolio manager.

Michael Maka

Start Date

Tenure

Tenure Rank

Mar 01, 2020

2.25

2.3%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.21 1.58

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.