FHIGX

About FHIGX

Fidelity Municipal Income Fund is an open-end mutual fund focused on providing investors with a high level of current income that is exempt from federal income tax. The fund invests at least 80% of its assets in investment-grade municipal securities, which are debt obligations issued by state and local governments or their agencies to finance public projects such as schools, roads, and utilities. Its portfolio is broadly diversified across sectors and maturities within the municipal bond market, with a potential for concentration in bonds supporting similar types of projects. Managed by the Fidelity Group since 1977, this fund is part of the Muni National Long category and is known for its risk-conscious and steady investment approach. It distributes monthly dividends, reflecting its focus on regular tax-exempt income generation. Capital gains, if any, are typically distributed twice annually. The fund's substantial asset base and consistent management underscore its significance as a tool for investors seeking tax-efficient income, particularly those in higher tax brackets who benefit from the federal tax-exempt status of its distributions.