FDMMX

About FDMMX

Fidelity Massachusetts Municipal Income Fund is a municipal bond mutual fund designed to provide investors with a high level of current income exempt from both federal and Massachusetts personal income taxes. The fund primarily invests at least 80% of its assets in investment-grade municipal securities that finance public projects within Massachusetts, focusing on securities such as general obligation and revenue bonds used for state infrastructure, development, and other public purposes. With a large and diversified portfolio typically exceeding 400 holdings, the fund offers monthly distributions and is managed to maintain medium credit quality and interest rate sensitivity. Its low expense ratio and no minimum initial investment requirement highlight its accessibility, while its role in the market centers on offering tax-advantaged income solutions tailored specifically for Massachusetts residents or others seeking exposure to the state's municipal securities market. Established in 1983, the fund is recognized for its experienced management and disciplined investment process, positioning it as a specialized vehicle for municipal income within a single-state focus.