FNJHX: Fidelity® New Jersey Municipal Income Fund - MutualFunds.com

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Fidelity® New Jersey Municipal Income

FNJHX - Snapshot

Vitals

  • YTD Return -0.4%
  • 3 Yr Annualized Return 4.2%
  • 5 Yr Annualized Return 4.3%
  • Net Assets $601 M
  • Holdings in Top 10 17.0%

52 WEEK LOW AND HIGH

$12.22
$11.12
$12.69

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.47%

SALES FEES

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

BROKERAGE FEES

  • Turnover 16.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni New Jersey

Compare FNJHX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.64

0.00%

$78.20 B

0.00%

$0.00

1.17%

0.17%

$11.21

0.00%

$32.33 B

0.00%

$0.00

1.17%

0.17%

$13.38

0.00%

$24.21 B

0.00%

$0.00

0.38%

0.52%

$15.93

0.00%

$19.35 B

0.00%

$0.00

0.50%

0.17%

$115.25

-0.01%

$17.86 B

-

-

1.18%

0.07%

FNJHX - Profile

Distributions

  • YTD Total Return -0.4%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.55%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity® New Jersey Municipal Income Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Dec 31, 1987
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Cormac Cullen

Fund Description

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.


FNJHX - Performance

Return Ranking - Trailing

Period FNJHX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -8.5% 300.4% 67.93%
1 Yr 2.3% -5.9% 6.6% 60.35%
3 Yr 4.2%* -0.9% 7.4% 12.46%
5 Yr 4.3%* -0.2% 7.0% 9.55%
10 Yr 3.8%* -0.1% 8.1% 28.14%

* Annualized

Return Ranking - Calendar

Period FNJHX Return Category Return Low Category Return High Rank in Category (%)
2019 5.0% -0.3% 15.4% 15.97%
2018 -1.5% -10.3% 97.2% 26.21%
2017 3.2% -100.0% 7.6% 10.08%
2016 -3.2% -7.9% 96.8% 71.46%
2015 -1.5% -4.8% 3.0% 93.21%

Total Return Ranking - Trailing

Period FNJHX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -8.5% 300.4% 67.93%
1 Yr 2.3% -8.7% 6.6% 40.73%
3 Yr 4.2%* -2.4% 7.4% 10.93%
5 Yr 4.3%* -1.4% 7.0% 8.78%
10 Yr 3.8%* -0.5% 8.1% 25.68%

* Annualized

Total Return Ranking - Calendar

Period FNJHX Return Category Return Low Category Return High Rank in Category (%)
2019 5.0% -0.3% 15.4% 16.21%
2018 -1.5% -10.3% 11.0% 29.11%
2017 3.8% -100.0% 7.6% 6.79%
2016 -2.4% -7.9% 3.0% 37.84%
2015 -1.2% -4.8% 4.0% 91.14%

NAV & Total Return History


FNJHX - Holdings

Concentration Analysis

FNJHX Category Low Category High FNJHX % Rank
Net Assets 601 M 617 K 78.2 B 41.10%
Number of Holdings 235 3 10083 47.37%
Net Assets in Top 10 95.6 M -202 M 4.54 B 42.32%
Weighting of Top 10 17.00% 2.4% 99.7% 55.97%

Top 10 Holdings

  1. NEW JERSEY ST TRANSN TR FD AUTH 0% 2.56%
  2. NEW JERSEY HEALTH CARE FACS FING AUTH 5% 2.30%
  3. NEW JERSEY HEALTH CARE FACS FING AUTH REV 5% 2.16%
  4. NEW JERSEY ST TRANSN TR FD AUTH 0% 1.94%
  5. NEW JERSEY ST TRANSN TR FD AUTH 0% 1.54%
  6. PORT AUTH N Y & N J 5% 1.50%
  7. NEW JERSEY ST TRANSN TR FD AUTH 0% 1.30%
  8. NEW JERSEY ECONOMIC DEV AUTH REV 5% 1.26%
  9. GARDEN ST N J PRESERVATION TR OPEN SPACE & FARMLAND PRESERVATION 5% 1.24%
  10. NEW JERSEY ST TRANSN TR FD AUTH 0% 1.20%

Asset Allocation

Weighting Return Low Return High FNJHX % Rank
Bonds
99.19% 65.51% 149.06% 43.88%
Cash
0.81% -49.07% 34.49% 52.01%
Stocks
0.00% 0.00% 1.67% 60.36%
Preferred Stocks
0.00% -0.98% 1.04% 58.13%
Other
0.00% -1.48% 12.83% 59.60%
Convertible Bonds
0.00% 0.00% 1.83% 58.64%

Bond Sector Breakdown

Weighting Return Low Return High FNJHX % Rank
Municipal
99.19% 49.08% 100.00% 43.63%
Cash & Equivalents
0.81% 0.00% 34.49% 55.35%
Derivative
0.00% 0.00% 2.16% 58.30%
Securitized
0.00% 0.00% 6.06% 58.98%
Corporate
0.00% 0.00% 13.25% 65.72%
Government
0.00% 0.00% 49.86% 61.42%

Bond Geographic Breakdown

Weighting Return Low Return High FNJHX % Rank
US
98.72% 65.51% 142.92% 28.16%
Non US
0.47% 0.00% 27.43% 58.58%

FNJHX - Expenses

Operational Fees

FNJHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.47% 0.01% 4.01% 87.87%
Management Fee 0.35% 0.00% 1.10% 25.01%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

FNJHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FNJHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 100.00%

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.

FNJHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 0.00% 235.00% 38.36%

FNJHX - Distributions

Dividend Yield Analysis

FNJHX Category Low Category High FNJHX % Rank
Dividend Yield 0.00% 0.00% 3.82% 61.15%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FNJHX Category Low Category High FNJHX % Rank
Net Income Ratio 2.55% 0.04% 6.48% 46.50%

Capital Gain Distribution Analysis

FNJHX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

FNJHX - Fund Manager Analysis

Managers

Cormac Cullen


Start Date

Tenure

Tenure Rank

May 02, 2016

4.42

4.4%

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

2.05

2.1%

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

0.58

0.6%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.85 8.28 2.76