FDMMX Performance — Fidelity Massachusetts Municipal Income Fund
Data updated: 2026-09-23
FDMMX returned +0.11% year to date and +4.93% over one year to Jul 2026. Annualised returns are +2.99% over 3 years and +0.27% over 5 years. The fund trailed its Long-Term Municipal Bond category average: $100 invested three years ago grew to $109, against $110 for the category, and to $105 over one year, against $106. Volatility over the past three years was 5.24% a year. In the 12 months to Jul 2026 the fund lost a net $104.6M, and assets reached $1.62B.
FDMMX Growth of $100
What $100 invested in Fidelity Massachusetts Municipal Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | FDMMX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $105 | $106 |
| 3 years (Aug 2023 – Jul 2026) | $109 | $110 |
| 5 years (Aug 2021 – Jul 2026) | $101 | $101 |
| Since data start (Aug 2019 – Jul 2026) | $109 | $110 |
FDMMX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.11% |
| 1 year | +4.93% |
| 3 years (annualised) | +2.99% |
| 5 years (annualised) | +0.27% |
FDMMX Annual Returns
Calendar-year total returns of Fidelity Massachusetts Municipal Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.11% |
| 2025 | +4.32% |
| 2024 | +1.25% |
| 2023 | +5.76% |
| 2022 | −9.06% |
| 2021 | +1.43% |
| 2020 | +4.44% |
| 2019 (Aug–Dec) | +1.35% |
FDMMX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.7% | +1.4% | −2.2% | +1.0% | +0.5% | +0.8% | −1.9% | — | — | — | — | — |
| 2025 | +0.4% | +0.9% | −1.5% | −0.5% | −0.1% | +0.6% | −0.2% | +0.8% | +2.1% | +1.2% | +0.3% | +0.3% |
| 2024 | −0.1% | −0.1% | +0.1% | −1.3% | 0.0% | +1.6% | +0.8% | +0.8% | +0.9% | −1.4% | +1.4% | −1.2% |
| 2023 | +2.5% | −2.1% | +1.8% | −0.1% | −0.8% | +0.8% | +0.3% | −1.0% | −2.4% | −1.2% | +5.8% | +2.4% |
| 2022 | −2.6% | −0.6% | −2.9% | −2.9% | +1.1% | −1.7% | +2.8% | −2.3% | −3.4% | −0.7% | +4.2% | −0.1% |
| 2021 | +0.6% | −1.7% | +0.6% | +1.1% | +0.3% | +0.2% | +0.7% | −0.4% | −0.8% | −0.2% | +0.9% | +0.1% |
| 2020 | +1.8% | +1.2% | −3.6% | −1.8% | +2.9% | +0.8% | +1.6% | −0.4% | +0.1% | −0.1% | +1.4% | +0.6% |
| 2019 | — | — | — | — | — | — | — | +1.7% | −0.8% | +0.1% | +0.1% | +0.3% |
FDMMX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 5.24%
- 3-year Sharpe ratio: -0.29 (vs 4.5% risk-free rate)
- Best month: +5.76% (Nov 2023)
- Worst month: −2.39% (Sep 2023)
FDMMX Fund Flows
Monthly money in and out of Fidelity Massachusetts Municipal Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$104.6M
- 12-month gross sales (incl. reinvestments): $378.2M
- Sales ÷ redemptions: 0.78×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $31.2M | $24.3M | $7.0M |
| Jun 2026 | $28.7M | $23.0M | $5.7M |
| May 2026 | $34.8M | $23.6M | $11.2M |
| Apr 2026 | $27.4M | $28.9M | −$1.5M |
| Mar 2026 | $21.6M | $30.5M | −$8.9M |
| Feb 2026 | $30.4M | $185.2M | −$154.8M |
| Jan 2026 | $54.6M | $18.8M | $35.8M |
| Dec 2025 | $37.6M | $32.4M | $5.3M |
| Nov 2025 | $23.0M | $19.5M | $3.5M |
| Oct 2025 | $27.3M | $29.0M | −$1.7M |
| Sep 2025 | $34.2M | $28.9M | $5.2M |
| Aug 2025 | $27.2M | $38.5M | −$11.3M |
FDMMX Assets Under Management
Net assets of Fidelity Massachusetts Municipal Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $1.62B |
| 2026-04-30 | $1.62B |
| 2026-01-31 | $1.79B |
| 2025-10-31 | $1.74B |
| 2025-07-31 | $1.69B |
| 2025-04-30 | $1.70B |
| 2025-01-31 | $1.74B |
| 2024-10-31 | $1.76B |
| 2024-07-31 | $1.72B |
| 2024-04-30 | $1.73B |
| 2024-01-31 | $1.84B |
| 2023-10-31 | $1.73B |
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.