Fidelity Massachusetts Municipal Income Fund (FDMMX)
11.21
-0.01
(-0.09%)
USD |
Sep 04 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.44% | 1.631B | -- | 16.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -103.23M | 3.02% |
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of current income, exempt from federal income tax and Massachusetts personal income tax. Under normal market and economic conditions, the Fund invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and Massachusetts personal income taxes. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | Massachusetts Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Massachusetts Municipal Debt Funds |
| Fund Owner Firm Name | Fidelity Investments |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
7
-4.207M
Peer Group Low
64.63M
Peer Group High
1 Year
% Rank:
100
-103.23M
-103.23M
Peer Group Low
566.86M
Peer Group High
3 Months
% Rank:
7
-5.137M
Peer Group Low
106.77M
Peer Group High
3 Years
% Rank:
100
-353.60M
Peer Group Low
1.038B
Peer Group High
6 Months
% Rank:
21
-11.48M
Peer Group Low
271.68M
Peer Group High
5 Years
% Rank:
100
-621.30M
Peer Group Low
1.016B
Peer Group High
YTD
% Rank:
100
-107.63M
Peer Group Low
325.76M
Peer Group High
10 Years
% Rank:
100
-857.84M
Peer Group Low
1.964B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of September 05, 2026.
Asset Allocation
As of June 30, 2026.
| Type | % Net |
|---|---|
| Cash | 1.83% |
| Stock | 0.00% |
| Bond | 99.54% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | -1.37% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
Fidelity Municipal Cash Central Fund
|
4.67% | -- | -- |
| MASSACHUSETTS ST MA 5.000 09/01/2049 | 3.15% | 102.04 | -0.05% |
| MASSACHUSETTS ST MA 5.000 12/01/2037 | 2.31% | 108.64 | -0.07% |
| MASSACHUSETTS ST MA 5.000 11/01/2052 | 2.04% | 101.26 | 0.00% |
| MASSACHUSETTS ST TPK AUTH MET HWY SYS REV MA 0.000 01/01/2029 | 1.90% | 93.10 | 0.04% |
| MASSACHUSETTS ST MA 3.000 02/01/2048 | 1.79% | 73.22 | -0.13% |
| MASSACHUSETTS ST MA 5.000 12/01/2036 | 1.30% | 109.64 | -0.13% |
| MASSACHUSETTS ST MA 5.250 06/01/2056 | 1.30% | 103.77 | 0.00% |
| MASSACHUSETTS ST TRANSN FD REV MA 5.000 06/01/2053 | 1.28% | 101.84 | 0.00% |
| MASSACHUSETTS ST SPL OBLIG DEDICATED TAX REV MA 5.500 01/01/2030 | 1.13% | 108.74 | -0.06% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.44% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | 0.00% |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 0.00 None |
| Minimum Subsequent Investment | 0.00 None |
TTM Distributions
| Type | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of August 31, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of current income, exempt from federal income tax and Massachusetts personal income tax. Under normal market and economic conditions, the Fund invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and Massachusetts personal income taxes. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | Massachusetts Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Massachusetts Municipal Debt Funds |
| Fund Owner Firm Name | Fidelity Investments |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (9-4-26) | 2.83% |
| 30-Day SEC Yield (7-31-26) | 3.37% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 468 |
| Bond | |
| Yield to Maturity (6-30-26) | 3.65% |
| Effective Duration | 7.22 |
| Average Coupon | 4.63% |
| Calculated Average Quality | 2.231 |
| Effective Maturity | 11.17 |
| Nominal Maturity | 14.31 |
| Number of Bond Holdings | 466 |
As of June 30, 2026
Fund Details
| Key Dates | |
| Inception Date | 11/10/1983 |
| Last Annual Report Date | 1/31/2026 |
| Last Prospectus Date | 4/1/2026 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:FDMMX", "name") |
| Broad Asset Class: =YCI("M:FDMMX", "broad_asset_class") |
| Broad Category: =YCI("M:FDMMX", "broad_category_group") |
| Prospectus Objective: =YCI("M:FDMMX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |