Fidelity Municipal Income Fund

Frequently Asked Questions About FHIGX

What does FHIGX invest in?

This fund typically allocates at least 80% of its investments to high-quality municipal bonds, the income from which is exempt from federal taxation. The portfolio is strategically diversified across various market sectors and debt maturities. It's possible for over 25% of the fund's total assets to be invested in municipal securities that finance similar categories of projects.

What is the expense ratio of FHIGX?

Fidelity Municipal Income Fund (FHIGX) charges an expense ratio of 0.43%. This is the annual fee deducted from fund assets to cover management and operations.

What is FHIGX's dividend yield?

FHIGX's trailing-twelve-month yield is 3.29%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of FHIGX?

Effective duration measures FHIGX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FHIGX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of FHIGX?

FHIGX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of FHIGX?

Yield to maturity (YTM) is the total return you'd earn from FHIGX if every bond in the portfolio is held to maturity at the current price. FHIGX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.