FMIXX: Fidelity MI Municipal Money Market

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FMIXX Fidelity MI Municipal Money Market

  • Fund
  • FMIXX
  • Price as of: Jan 17, 2020
  • $1.00
    - $0.00 - 0.00%

Profile

FMIXX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 0.0%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $253 M
  • Holdings in Top 10 51.1%

52 WEEK LOW AND HIGH

$1.00
$1.00
$1.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.55%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Money Market Fund
  • Investment Style Money Market-Tax-Free

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.90%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity Michigan Municipal Money Market Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Jan 12, 1990
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Management Team

Fund Description

The fund normally invests at least 80% of its assets in municipal securities whose interest is exempt from federal and Michigan personal income taxes. It invests up to 20% of assets in municipal securities whose interest is subject to Michigan personal income tax. The fund invests more than 25% of total assets in municipal securities that finance similar types of projects. It invests in municipal money market securities.


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Categories

Fund Company Quick Screens

FMIXX - Fund Company Quick Screens


Performance

FMIXX - Performance

Return Ranking - Trailing

Period FMIXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.0% 97.59%
1 Yr 0.0% 0.0% 2.4% 98.14%
3 Yr 0.0%* 0.0% 1.8% 98.08%
5 Yr 0.0%* 0.0% 1.2% 98.23%
10 Yr 0.0%* 0.0% 1.1% 98.21%

* Annualized

Return Ranking - Calendar

Period FMIXX Return Category Return Low Category Return High Rank in Category (%)
2019 0.0% 0.0% 0.0% 92.50%
2018 0.0% 0.0% 0.0% 92.26%
2017 0.0% 0.0% 0.0% 92.04%
2016 0.0% 0.0% 0.0% 92.22%
2015 0.0% 0.0% 0.0% 91.86%

Total Return Ranking - Trailing

Period FMIXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.0% 97.59%
1 Yr 0.0% -5.2% 2.4% 97.36%
3 Yr 0.0%* -1.6% 1.8% 93.26%
5 Yr 0.0%* -1.0% 1.2% 93.30%
10 Yr 0.0%* -0.5% 1.1% 94.05%

* Annualized

Total Return Ranking - Calendar

Period FMIXX Return Category Return Low Category Return High Rank in Category (%)
2019 0.0% 0.0% 0.0% 92.69%
2018 0.0% 0.0% 0.0% 92.47%
2017 0.0% 0.0% 0.0% 92.47%
2016 0.0% 0.0% 0.0% 92.71%
2015 0.0% 0.0% 0.0% 92.11%

NAV & Total Return History


Holdings

FMIXX - Holdings

Concentration Analysis

FMIXX Category Low Category High FMIXX % Rank
Net Assets 253 M 53.3 K 164 B 85.45%
Number of Holdings 68 2 1098 62.30%
Net Assets in Top 10 144 M 53.1 K 98.7 B 83.29%
Weighting of Top 10 51.13% 9.4% 112.9% 27.64%

Top 10 Holdings

  1. Fhlmc Livonia Econ. Dev. Corp. (Madonna Univ. Proj.) Series 2009, 1.9% , Lo 7.01%
  2. Michigan Strategic Fund Ltd. Oblig. Rev.: (Consumers Energy Co. Proj.) 1.89 6.44%
  3. Michigan Strategic Fund Ltd. Oblig. Rev.: (The Kroger Co. Recovery Zone Fac 5.23%
  4. Kent Hosp. Fin. Auth. Hosp. Facilities Rev. Bonds (Spectrum Health Sys. Pro 4.95%
  5. Eastern Michigan Univ. Revs. Participating Vrdn Series Floaters 009, 1.94% 4.91%
  6. Michigan Strategic Fund Ltd. Oblig. Rev.: (Air Products And Chemicals, Inc. 4.90%
  7. Michigan Strategic Fund Ltd. Oblig. Rev.: (Henry Ford Museum & Greenfield V 4.88%
  8. Grand Traverse County Hosp. Fin. Auth. Series 2011 B, 1.94% , Loc Jp Morgan 4.78%
  9. Grand Valley Michigan State Univ. Rev. Series 2008 B, 1.89% , Loc U.S. Bank 4.43%
  10. Michigan Fin. Auth. Rev. Participating Vrdn: Series Rbc 2016 Xm0132, 1.93% 3.58%

Asset Allocation

Weighting Return Low Return High FMIXX % Rank
Cash
91.57% 0.00% 100.40% 24.50%
Bonds
6.95% 0.00% 103.85% 76.02%
Other
1.48% -5.71% 100.00% 1.52%
Stocks
0.00% 0.00% 5.55% 92.45%
Preferred Stocks
0.00% 0.00% 0.12% 92.40%
Convertible Bonds
0.00% 0.00% 6.76% 92.69%

Bond Sector Breakdown

Weighting Return Low Return High FMIXX % Rank
Cash & Equivalents
92.95% 0.00% 100.00% 23.74%
Municipal
7.05% 0.00% 100.00% 20.61%
Derivative
0.00% 0.00% 1.59% 92.40%
Securitized
0.00% 0.00% 35.65% 93.45%
Corporate
0.00% 0.00% 21.65% 95.16%
Government
0.00% 0.00% 100.00% 97.25%

Bond Geographic Breakdown

Weighting Return Low Return High FMIXX % Rank
US
6.95% 0.00% 103.85% 74.83%
Non US
0.00% 0.00% 16.67% 94.21%

Expenses

FMIXX - Expenses

Operational Fees

FMIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% 0.00% 6.36% 42.19%
Management Fee 0.36% 0.00% 0.57% 87.13%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

FMIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

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

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.

FMIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 27434.00% 72.93%

Distributions

FMIXX - Distributions

Dividend Yield Analysis

FMIXX Category Low Category High FMIXX % Rank
Dividend Yield 0.26% 0.00% 3.34% 77.96%

Dividend Distribution Analysis

FMIXX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FMIXX Category Low Category High FMIXX % Rank
Net Income Ratio 0.90% 0.00% 4.52% 89.91%

Capital Gain Distribution Analysis

FMIXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

Dividend Payout History

View More +

Fund Manager Analysis

FMIXX - Fund Manager Analysis

Managers

Management Team


Start Date

Tenure

Tenure Rank

Mar 01, 2007

12.84

12.8%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 44.27 13.83 10.67