Fidelity Michigan Municipal Income Fund (FMHTX) Research
This fund typically dedicates a minimum of 80% of its capital to high-quality municipal bonds. A significant advantage is that the income derived from these investments is exempt from both federal and Michigan personal income taxes. Furthermore, it allocates more than 25% of its total holdings to municipal securities that support comparable types of projects. While the fund's strategy involves distributing capital across various market segments and bond maturities, it is classified as non-diversified.
Market snapshot
- Symbol
- FMHTX
- Price
- $11.69
- Day change
- 0.00%
- Market cap
- $506.5M
- 52-week range
- 11.19-11.81
- Sector
- Financial Services
- Industry
- Asset Management - Income
Peer companies
- Buffalo Flexible Income Fund (BUFBX)
- Fidelity Minnesota Municipal Income Fund (FIMIX)
- Fidelity New Jersey Municipal Income Fund (FNJHX)
- Fidelity Ohio Municipal Income Fund (FOHFX)
- Fidelity Pennsylvania Municipal Income Fund (FPXTX)
- BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)
- John Hancock Preferred Income Fund (HPI)
- Nuveen Taxable Municipal Income Fund (NBB)
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