Fidelity Ohio Municipal Income Fund

Frequently Asked Questions About FOHFX

What does FOHFX invest in?

The fund primarily directs at least 80% of its holdings into investment-grade municipal debt, generating income that is exempt from both federal and Ohio personal income taxes. Furthermore, it commits more than a quarter of its total capital to municipal obligations supporting comparable categories of projects. The portfolio diversifies its investments across various market segments and different debt maturity profiles.

What is the expense ratio of FOHFX?

Fidelity Ohio Municipal Income Fund (FOHFX) charges an expense ratio of 0.46%. This is the annual fee deducted from fund assets to cover management and operations.

What is FOHFX's dividend yield?

FOHFX's trailing-twelve-month yield is 2.99%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of FOHFX?

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

What is the credit quality of FOHFX?

FOHFX'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 FOHFX?

Yield to maturity (YTM) is the total return you'd earn from FOHFX if every bond in the portfolio is held to maturity at the current price. FOHFX'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.