FHUGX Performance — Fidelity Municipal Income Fund, Class A
Data updated: 2026-08-24
FHUGX returned +1.97% year to date and +6.80% over one year to Jun 2026. Over one year the fund trailed its Long-Term Municipal Bond category average: $100 grew to $107, against $108 for the category. Volatility over the past 12 months was 4.21% a year. In the 12 months to Jun 2026 the fund took in a net $1.0B, and assets reached $5.55B.
FHUGX Growth of $100
What $100 invested in Fidelity 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 | FHUGX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $107 | $108 |
| 3 years (Jul 2023 – Jun 2026) | $49 | $112 |
| 5 years (Jul 2021 – Jun 2026) | $17 | $103 |
| Since data start (Jul 2019 – Jun 2026) | $7 | $113 |
FHUGX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.97% |
| 1 year | +6.80% |
3- and 5-year figures withheld: returns differ from sibling classes.
FHUGX Annual Returns
Calendar-year total returns of Fidelity Municipal Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.97% |
| 2025 | −4.18% |
| 2024 | −37.92% |
| 2023 | −34.52% |
| 2022 | −45.15% |
| 2021 | −37.19% |
| 2020 | −36.10% |
| 2019 (Jul–Dec) | −20.00% |
FHUGX 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 | +0.8% | +1.4% | −2.5% | +1.1% | +0.4% | +0.8% | — | — | — | — | — | — |
| 2025 | −3.6% | −3.1% | −1.9% | −0.7% | −0.3% | +0.8% | −0.3% | +0.8% | +2.5% | +1.3% | +0.2% | +0.1% |
| 2024 | −4.2% | −4.0% | −3.9% | −5.2% | −4.2% | −2.4% | −3.2% | −3.3% | −2.9% | −5.5% | −2.5% | −5.4% |
| 2023 | −0.8% | −6.3% | −1.9% | −4.0% | −4.9% | −3.2% | −3.6% | −5.2% | −6.9% | −5.4% | +2.3% | −1.4% |
| 2022 | −6.7% | −4.7% | −7.1% | −7.0% | −3.0% | −5.9% | −1.2% | −6.4% | −7.8% | −5.3% | +1.1% | −4.0% |
| 2021 | −3.0% | −5.6% | −3.3% | −2.9% | −3.4% | −3.6% | −3.2% | −4.4% | −4.9% | −4.3% | −3.1% | −3.9% |
| 2020 | −2.1% | −2.4% | −9.0% | −6.8% | −1.0% | −2.2% | −2.0% | −4.3% | −4.1% | −4.2% | −2.5% | −3.0% |
| 2019 | — | — | — | — | — | — | −3.3% | −2.2% | −4.8% | −4.0% | −3.8% | −3.7% |
FHUGX Risk
Risk measures from monthly returns over Jul 2025 – Jun 2026.
- 1-year volatility (annualised): 4.21%
- Best month: +2.49% (Sep 2025)
- Worst month: −2.55% (Mar 2026)
FHUGX Fund Flows
Monthly money in and out of Fidelity Municipal Income Fund, from SEC Form N-PORT.
- 12-month net flow: $1.0B
- 12-month gross sales (incl. reinvestments): $1.9B
- Sales ÷ redemptions: 2.19×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $76.3M | $74.5M | $1.8M |
| May 2026 | $830.2M | $58.3M | $771.9M |
| Apr 2026 | $83.9M | $64.5M | $19.4M |
| Mar 2026 | $82.1M | $68.6M | $13.5M |
| Feb 2026 | $79.4M | $51.4M | $28.0M |
| Jan 2026 | $98.9M | $77.0M | $21.9M |
| Dec 2025 | $97.5M | $67.9M | $29.7M |
| Nov 2025 | $74.3M | $93.6M | −$19.4M |
| Oct 2025 | $83.4M | $88.7M | −$5.3M |
| Sep 2025 | $105.6M | $60.1M | $45.5M |
| Aug 2025 | $106.2M | $79.2M | $27.1M |
| Jul 2025 | $171.4M | $77.8M | $93.6M |
FHUGX Assets Under Management
Net assets of Fidelity Municipal Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $5.55B |
| 2026-03-31 | $4.67B |
| 2025-12-31 | $4.65B |
| 2025-09-30 | $4.61B |
| 2025-06-30 | $4.34B |
| 2025-03-31 | $4.48B |
| 2024-12-31 | $4.64B |
| 2024-09-30 | $4.68B |
| 2024-06-30 | $4.61B |
| 2024-03-31 | $4.65B |
| 2023-12-31 | $4.67B |
| 2023-09-30 | $4.32B |
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.