FICNX

About FICNX

Fidelity Connecticut Municipal Income Fund is an open‑end municipal bond mutual fund focused on **Connecticut-issued** general obligation and revenue-backed securities to deliver a high level of current income that is **exempt from federal and Connecticut personal income taxes**. The strategy emphasizes fundamental credit research, yield-curve positioning, and security structure analysis, while targeting interest‑rate sensitivity close to its benchmark to avoid undue rate speculation and prioritize capital preservation. The portfolio spans the municipal market’s **health care, higher education, tax‑backed, and state agency** sectors, with diversified holdings across the curve and a moderate interest‑rate risk profile. Managed by a seasoned team, the fund applies a total‑return approach that balances income generation with risk‑adjusted performance over time. As a single‑state muni fund in the long-duration category, it serves investors seeking tax‑advantaged income sourced from public financing in Connecticut—such as state general obligations and revenue bonds tied to essential services and infrastructure—within a cost structure that is competitive among peers.