Fidelity Ohio Municipal Income Fund is a municipal bond mutual fund designed to provide a high level of current income that is exempt from federal and Ohio personal income taxes. The fund primarily invests at least 80% of its assets in investment-grade municipal securities issued in Ohio, making it particularly relevant for investors seeking tax-advantaged fixed income exposure within the state. It maintains broad diversification across types of municipal projects—including education, healthcare, transportation, and public utilities—by allocating assets among various sectors and maturities. The fund is managed by an experienced team at Fidelity Management & Research Company. With a below-average risk profile and competitive expense ratio, the fund plays a significant role in the municipal bond market by supporting essential public infrastructure projects while helping Ohio-based investors manage tax liabilities. Its income distributions are made monthly, and it has a long-standing track record since its inception in 1985, contributing to its relevance within the Ohio municipal category.
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