Fidelity Maryland Municipal Income Fund (SMDMX)
10.92
+0.01
(+0.09%)
USD |
May 06 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.55% | 160.79M | -- | 22.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 5.110M | 6.21% |
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of current income exempt from federal income tax and Maryland State and County income taxes. 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 Maryland 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 | Maryland Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Maryland 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:
53
-1.481M
Peer Group Low
12.71M
Peer Group High
1 Year
% Rank:
58
5.110M
-27.08M
Peer Group Low
63.94M
Peer Group High
3 Months
% Rank:
37
-2.608M
Peer Group Low
38.24M
Peer Group High
3 Years
% Rank:
74
-30.49M
Peer Group Low
65.58M
Peer Group High
6 Months
% Rank:
37
-12.60M
Peer Group Low
86.40M
Peer Group High
5 Years
% Rank:
64
-205.66M
Peer Group Low
36.49M
Peer Group High
YTD
% Rank:
37
-2.608M
Peer Group Low
64.70M
Peer Group High
10 Years
% Rank:
74
-240.69M
Peer Group Low
63.63M
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of May 06, 2026.
Asset Allocation
As of March 31, 2026.
| Type | % Net |
|---|---|
| Cash | 3.82% |
| Stock | 0.00% |
| Bond | 95.29% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.89% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
Fidelity Municipal Cash Central Fund
|
3.82% | -- | -- |
| BALTIMORE MD REV MD 5.000 07/01/2031 | 3.35% | 101.41 | -0.01% |
| MONTGOMERY CNTY MD MD 4.000 11/01/2033 | 1.93% | 103.36 | 0.04% |
| MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV MD 2.500 07/01/2051 | 1.92% | 63.36 | 0.48% |
| BALTIMORE MD PROJ REV MD 5.000 07/01/2033 | 1.88% | 100.14 | 0.00% |
| BALTIMORE CNTY MD MD 3.000 03/01/2039 | 1.82% | 92.49 | 0.22% |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV MD 2.600 03/01/2042 | 1.69% | 76.75 | 0.37% |
| MARYLAND ST ECONOMIC DEV CORP PRIVATE ACTIVITY REV MD 5.000 06/30/2037 | 1.60% | 104.05 | 0.15% |
| BALTIMORE MD PROJ REV MD 5.000 07/01/2050 | 1.58% | 101.73 | 0.11% |
| FREDERICK CNTY MD MD 1.750 10/01/2036 | 1.47% | 81.35 | 0.18% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.55% |
| 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 |
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of current income exempt from federal income tax and Maryland State and County income taxes. 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 Maryland 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 | Maryland Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Maryland Municipal Debt Funds |
| Fund Owner Firm Name | Fidelity Investments |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (5-5-26) | 2.57% |
| 30-Day SEC Yield (4-30-26) | 2.94% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 152 |
| Bond | |
| Yield to Maturity (3-31-26) | 3.87% |
| Effective Duration | 6.48 |
| Average Coupon | 4.03% |
| Calculated Average Quality | 2.281 |
| Effective Maturity | 7.983 |
| Nominal Maturity | 11.77 |
| Number of Bond Holdings | 149 |
As of March 31, 2026
Fund Details
| Key Dates | |
| Inception Date | 4/22/1993 |
| Last Annual Report Date | 8/31/2025 |
| Last Prospectus Date | 10/30/2025 |
| 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:SMDMX", "name") |
| Broad Asset Class: =YCI("M:SMDMX", "broad_asset_class") |
| Broad Category: =YCI("M:SMDMX", "broad_category_group") |
| Prospectus Objective: =YCI("M:SMDMX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |