- What does FICNX invest in?
- The Fidelity Connecticut Municipal Income Fund primarily invests in high-quality municipal bonds, dedicating at least 80% of its assets to these securities. The interest earned from these investments is exempt from both federal and Connecticut personal income taxes. The fund strategically distributes its holdings across various market sectors and bond maturities. A notable characteristic is its ability to allocate more than 25% of its total assets to municipal securities financing similar project categories. Additionally, as a non-diversified fund, it may concentrate its investments, potentially leading to increased volatility compared to diversified funds.
- What is the expense ratio of FICNX?
- Fidelity Connecticut Municipal Incom Fund (FICNX) charges an expense ratio of 0.46%. This is the annual fee deducted from fund assets to cover management and operations.
- What is FICNX's dividend yield?
- FICNX's trailing-twelve-month yield is 2.60%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of FICNX?
- Effective duration measures FICNX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FICNX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of FICNX?
- FICNX'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 FICNX?
- Yield to maturity (YTM) is the total return you'd earn from FICNX if every bond in the portfolio is held to maturity at the current price. FICNX'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.
