Frequently Asked Questions About FMHTX

What are the top holdings of FMHTX?

A machine-readable holdings disclosure for Fidelity Michigan Municipal Income Fund (FMHTX) is not available from our data sources. Fund families sometimes register portfolio filings under a sibling share class or outside the SEC's structured datasets. Rather than estimate, we leave the section blank; the issuer's website carries the authoritative portfolio list.

What sectors does FMHTX invest in?

Fidelity Michigan Municipal Income Fund (FMHTX) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.

What sector is FMHTX most exposed to?

FMHTX's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.

Is FMHTX a US-only fund?

The country allocation card on this page shows FMHTX's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.

What does FMHTX invest in?

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.

FMHTX

Fidelity Michigan Municipal Income Fund

NASDAQ·Asset Management, Income · Financial Services

$11.23$0.03+0.27%

Market closed·Oct 23 4:00 PM EDT

Portfolio as of March 31, 2026, from the fund's SEC Form N-PORT filing. Funds disclose holdings quarterly, with a ~60-day publication delay. Sector breakdowns aren't part of this filing, so none is shown.

Top Holdings

313

holdings

594615HB5
MICHIGAN ST BLDG AUTH REV
3.72%
594654QD0
MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV
2.03%
59447TXH1
MICHIGAN FIN AUTH RE
1.43%
594698TD4
MICHIGAN ST STRATEGIC FD LTD OBLIG REV
1.41%
594615HK5
MICHIGAN ST BLDG AUTH REV
1.37%
944514ZX9
WAYNE CNTY MICH ARPT AUTH REV
1.25%
59447TL76
MICHIGAN FIN AUTH RE
1.24%
516391FP9
LANSING MICH BRD WTR and LT UTIL SYS REV
1.22%
594698QS4
MICHIGAN ST STRATEGIC FD LTD OBLIG REV
1.17%
59447TVE0
MICHIGAN FIN AUTH RE
1.13%
Other
303 more holdings
83.79%

Top 10 holdings

15.97%

Top 25 holdings

29.15%

Concentration index

0.0067

Effective holdings

149

Chart tools

Open Top Holdings in Chart Builder to fine-tune colors, labels, and timeframe, then download a high-res PNG.

All Holdings (313)

#	TickerHolding	Name	Weight	Shares	Market Value
1	594615HB5594615HB5MICHIGAN ST BLDG AUTH REV	MICHIGAN ST BLDG AUTH REV	3.72%	18.30M	$18.30M
2	594654QD0594654QD0MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV	MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV	2.03%	10.00M	$10.00M
3	59447TXH159447TXH1MICHIGAN FIN AUTH RE	MICHIGAN FIN AUTH RE	1.43%	8.18M	$7.04M
4	594698TD4594698TD4MICHIGAN ST STRATEGIC FD LTD OBLIG REV	MICHIGAN ST STRATEGIC FD LTD OBLIG REV	1.41%	7.00M	$6.96M
5	594615HK5594615HK5MICHIGAN ST BLDG AUTH REV	MICHIGAN ST BLDG AUTH REV	1.37%	8.67M	$6.74M
6	944514ZX9944514ZX9WAYNE CNTY MICH ARPT AUTH REV	WAYNE CNTY MICH ARPT AUTH REV	1.25%	5.87M	$6.13M
7	59447TL7659447TL76MICHIGAN FIN AUTH RE	MICHIGAN FIN AUTH RE	1.24%	7.25M	$6.10M
8	516391FP9516391FP9LANSING MICH BRD WTR and LT UTIL SYS REV	LANSING MICH BRD WTR and LT UTIL SYS REV	1.22%	5.50M	$6.01M
9	594698QS4594698QS4MICHIGAN ST STRATEGIC FD LTD OBLIG REV	MICHIGAN ST STRATEGIC FD LTD OBLIG REV	1.17%	5.84M	$5.76M
10	59447TVE059447TVE0MICHIGAN FIN AUTH RE	MICHIGAN FIN AUTH RE	1.13%	6.53M	$5.55M
11	59465HYB659465HYB6MICHIGAN ST HOSP FIN AUTH RE	MICHIGAN ST HOSP FIN AUTH RE	1.12%	5.00M	$5.51M
12	594698QT2594698QT2MICHIGAN ST STRATEGIC FD LTD OBLIG REV	MICHIGAN ST STRATEGIC FD LTD OBLIG REV	1.02%	5.00M	$5.02M
13	594698SR4594698SR4MICHIGAN ST STRATEGIC FD LTD OBLIG REV	MICHIGAN ST STRATEGIC FD LTD OBLIG REV	1.02%	5.00M	$5.00M
14	483233RF1483233RF1KALAMAZOO MI HFA HOSP FAC REV	KALAMAZOO MI HFA HOSP FAC REV	1.01%	4.97M	$4.98M
15	516372TW9516372TW9LANSING MICH	LANSING MICH	0.99%	4.81M	$4.86M
16	39081JKM939081JKM9GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV	GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV	0.91%	4.18M	$4.48M
17	594698QJ4594698QJ4MICHIGAN ST STRATEGIC FD LTD OBLIG REV	MICHIGAN ST STRATEGIC FD LTD OBLIG REV	0.86%	4.08M	$4.21M
18	386289NT5386289NT5GRAND RAPIDS MI SAN SWR SYS	GRAND RAPIDS MI SAN SWR SYS	0.84%	3.83M	$4.14M
19	59447TU6859447TU68MICHIGAN FIN AUTH RE	MICHIGAN FIN AUTH RE	0.81%	4.19M	$4.00M
20	2510936V72510936V7DETROIT MI	DETROIT MI	0.80%	3.70M	$3.95M

Showing 20 of 313

Sectors

The fund issuer's factsheet may carry this breakdown directly.

Countries

Domicile

United States · 99.76%

Asset Classes

Primary asset class

Fixed income

Strategy

Thematic

Income strategy

Bond yield

Issuer-reported asset class: Bond

Frequently Asked Questions About FMHTX

What are the top holdings of FMHTX?: A machine-readable holdings disclosure for Fidelity Michigan Municipal Income Fund (FMHTX) is not available from our data sources. Fund families sometimes register portfolio filings under a sibling share class or outside the SEC's structured datasets. Rather than estimate, we leave the section blank; the issuer's website carries the authoritative portfolio list.
What sectors does FMHTX invest in?: Fidelity Michigan Municipal Income Fund (FMHTX) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
What sector is FMHTX most exposed to?: FMHTX's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
Is FMHTX a US-only fund?: The country allocation card on this page shows FMHTX's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
What does FMHTX invest in?: 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.

TickerHolding

Name

Weight

Market Value

594615HB5594615HB5MICHIGAN ST BLDG AUTH REV

MICHIGAN ST BLDG AUTH REV

3.72%

18.30M

$18.30M

594654QD0594654QD0MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV

MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV

2.03%

10.00M

$10.00M

59447TXH159447TXH1MICHIGAN FIN AUTH RE

MICHIGAN FIN AUTH RE

1.43%

8.18M

$7.04M

594698TD4594698TD4MICHIGAN ST STRATEGIC FD LTD OBLIG REV

MICHIGAN ST STRATEGIC FD LTD OBLIG REV

1.41%

7.00M

$6.96M

594615HK5594615HK5MICHIGAN ST BLDG AUTH REV

MICHIGAN ST BLDG AUTH REV

1.37%

8.67M

$6.74M

944514ZX9944514ZX9WAYNE CNTY MICH ARPT AUTH REV

WAYNE CNTY MICH ARPT AUTH REV

1.25%

5.87M

$6.13M

59447TL7659447TL76MICHIGAN FIN AUTH RE

MICHIGAN FIN AUTH RE

1.24%

7.25M

$6.10M

516391FP9516391FP9LANSING MICH BRD WTR and LT UTIL SYS REV

LANSING MICH BRD WTR and LT UTIL SYS REV

1.22%

5.50M

$6.01M

594698QS4594698QS4MICHIGAN ST STRATEGIC FD LTD OBLIG REV

MICHIGAN ST STRATEGIC FD LTD OBLIG REV

1.17%

5.84M

$5.76M

59447TVE059447TVE0MICHIGAN FIN AUTH RE

MICHIGAN FIN AUTH RE

1.13%

6.53M

$5.55M

59465HYB659465HYB6MICHIGAN ST HOSP FIN AUTH RE

MICHIGAN ST HOSP FIN AUTH RE

1.12%

5.00M

$5.51M

594698QT2594698QT2MICHIGAN ST STRATEGIC FD LTD OBLIG REV

MICHIGAN ST STRATEGIC FD LTD OBLIG REV

1.02%

5.00M

$5.02M

594698SR4594698SR4MICHIGAN ST STRATEGIC FD LTD OBLIG REV

MICHIGAN ST STRATEGIC FD LTD OBLIG REV

1.02%

5.00M

$5.00M

483233RF1483233RF1KALAMAZOO MI HFA HOSP FAC REV

KALAMAZOO MI HFA HOSP FAC REV

1.01%

4.97M

$4.98M

516372TW9516372TW9LANSING MICH

LANSING MICH

0.99%

4.81M

$4.86M

39081JKM939081JKM9GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV

GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV

0.91%

4.18M

$4.48M

594698QJ4594698QJ4MICHIGAN ST STRATEGIC FD LTD OBLIG REV

MICHIGAN ST STRATEGIC FD LTD OBLIG REV

0.86%

4.08M

$4.21M

386289NT5386289NT5GRAND RAPIDS MI SAN SWR SYS

GRAND RAPIDS MI SAN SWR SYS

0.84%

3.83M

$4.14M

59447TU6859447TU68MICHIGAN FIN AUTH RE

MICHIGAN FIN AUTH RE

0.81%

4.19M

$4.00M

2510936V72510936V7DETROIT MI

DETROIT MI

0.80%

3.70M

$3.95M