Fidelity Massachuseets Municipal Income Fund
FDMMX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Nov 10, 1983
- CIK
- 0000357057
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Massachusetts Municipal Income Fund (FDMMX) is an open-end mutual fund that seeks a high level of current income exempt from federal and Massachusetts personal income taxes by investing primarily in investment-grade municipal securities issued by or on behalf of the Commonwealth of Massachusetts and its political subdivisions; it normally invests at least 80% of assets in such securities, with allocations across various market sectors and maturities, and may invest more than 25% of assets in municipal securities financing similar types of projects. The fund is non-diversified and emphasizes investment-grade debt obligations, including Massachusetts state general obligations, turnpike authority revenue bonds, and miscellaneous municipal bonds, alongside limited cash equivalents; top holdings as of mid-2025 typically include Massachusetts State General Obligations (approximately 3% of portfolio) and cash positions (around 4-8%). Managed within Fidelity's municipal bond lineup under Fidelity Salem Street Trust, it targets tax-sensitive investors such as Massachusetts residents seeking income from high-quality, tax-exempt fixed income instruments. Established in 1983 and domiciled in Boston, Massachusetts—the headquarters of Fidelity Investments—the fund operates principally within the U.S. municipal bond market, with a focus on Massachusetts-issued debt to maximize state tax exemptions. Recent portfolio updates as of April 30, 2025, reflect ongoing active management with miscellaneous bonds comprising about 49% of assets, cash at 8%, and continued emphasis on Massachusetts state general obligations at 3%; the fund maintained its investment strategy amid market conditions, with no reported mergers, acquisitions, major partnerships, or structural changes in 2024-2025, though annual shareholder reports through January 31, 2025, confirm stable operations and compliance with tax-exempt objectives.