FDMMX Fees and Costs — Fidelity Massachusetts Municipal Income Fund
Data updated: 2026-09-23
The net expense ratio is 0.44%. There are no sales loads or redemption fees. Portfolio turnover was 16%.
FDMMX Fees and Expenses
Annual operating expenses and sales charges of FDMMX. Prospectus, as of April 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.44% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.44% |
| Fee waiver | — |
| Net expense ratio | 0.44% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FDMMX Costs Over Time
On $10,000 invested in FDMMX, assuming 5% a year before costs, total costs come to $278 over 5 years, cutting the return by 0.46% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.44%) | $46 | $145 | $253 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $46 | $152 | $278 |
| Value after costs | $10,454 | $11,424 | $12,484 |
| Impact on return, per year | 0.46% | 0.46% | 0.46% |
FDMMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $495.6M
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
FDMMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO and CO | $71.9M | 20.60% |
| MORGAN STANLEY | $67.6M | 19.36% |
| JPMORGAN CHASE and CO | $57.2M | 16.38% |
| RAYMOND JAMES FINANCIAL INC. | $44.0M | 12.60% |
| TRUIST FINANCIAL CORP | $27.2M | 7.79% |
| UBS GROUP AG | $20.2M | 5.78% |
| JEFFERIES FINANCIAL GROUP INC | $16.0M | 4.59% |
| BARCLAYS PLC | $15.4M | 4.42% |
| HILLTOP HOLDINGS INC | $15.0M | 4.30% |
| STIFEL FINANCIAL CORP | $14.6M | 4.19% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.