Line of Credit Seeks a high level of current income, exempt from federal income tax and Massachusetts personal income tax.
Normally investing at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and Massachusetts personal income taxes. Engaging in transactions that have a leveraging effect on the fund.
The municipal market is volatile and can be significantly affected by adverse tax, legislative or political changes and the financial condition of the issuers of municipal securities. Interest rate increases can cause the price of a debt security to decrease. A portion of the dividends you receive may be subject to federal, state, or local income tax or may be subject to the federal alternative minimum tax. The fund may have additional volatility because it can invest a significant portion of assets in securities of individual issuers.
This description is only intended to provide a brief overview of the mutual fund. Read the fund's prospectus for more detailed information about the fund.
| Return Type | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | Life |
|---|---|---|---|---|---|
FUND Fidelity® Massachusetts Municipal Income Fund | 1.14% | 1.11% | 0.70% | 1.75% | 5.53% |
PRIMARY BENCHMARK | 1.22% | 1.53% | 1.07% | 2.13% | 5.91% |
SECONDARY BENCHMARK | 0.82% | 1.15% | 0.58% | 1.93% | -- |
MORNINGSTAR CATEGORY AVERAGE | 0.66% | 0.71% | 0.42% | 1.37% | -- |
Fidelity® Massachusetts Municipal Income Fund | 1.14% | 1.11% | 0.66% | 1.68% | -- |
| -0.39% | 0.42% | 0.23% | 1.24% | -- | |
Fidelity® Massachusetts Municipal Income Fund | 1.77% | 1.42% | 1.08% | 1.94% | -- |
| 0.86% | 0.91% | 0.72% | 1.54% | -- |