FICNX Performance — Fidelity Connecticut Municipal Income Fund
Data updated: 2026-07-24
FICNX returned +0.86% year to date and +5.94% over one year to May 2026. Annualised returns are +3.82% over 3 years and +0.94% over 5 years. Against its Intermediate Municipal Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $112, against $111 for the category, and to $106 over one year, against $106. Volatility over the past three years was 5.16% a year. In the 12 months to May 2026 the fund took in a net $55.6M, and assets reached $369.60M.
FICNX Growth of $100
What $100 invested in Fidelity Connecticut Municipal Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | FICNX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $106 | $106 |
| 3 years (Jun 2023 – May 2026) | $112 | $111 |
| 5 years (Jun 2021 – May 2026) | $105 | $104 |
| Since data start (Sep 2019 – May 2026) | $110 | $109 |
FICNX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.86% |
| 1 year | +5.94% |
| 3 years (annualised) | +3.82% |
| 5 years (annualised) | +0.94% |
FICNX Annual Returns
Calendar-year total returns of Fidelity Connecticut Municipal Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +0.86% |
| 2025 | +4.89% |
| 2024 | +0.78% |
| 2023 | +6.26% |
| 2022 | −8.29% |
| 2021 | +1.93% |
| 2020 | +4.23% |
| 2019 (Sep–Dec) | −0.10% |
FICNX 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% | +1.1% | −2.3% | +0.9% | +0.3% | — | — | — | — | — | — | — |
| 2025 | +0.6% | +1.1% | −1.7% | −0.3% | +0.2% | +0.8% | 0.0% | +0.8% | +1.8% | +0.9% | +0.4% | +0.2% |
| 2024 | −0.4% | 0.0% | −0.1% | −1.3% | −0.5% | +1.9% | +0.6% | +1.0% | +1.0% | −1.6% | +1.6% | −1.3% |
| 2023 | +2.9% | −2.5% | +2.1% | −0.1% | −1.1% | +0.9% | +0.4% | −1.3% | −2.4% | −0.8% | +5.7% | +2.6% |
| 2022 | −2.4% | −0.5% | −2.9% | −2.4% | +0.9% | −1.6% | +2.6% | −2.4% | −3.4% | −0.7% | +4.3% | +0.1% |
| 2021 | +0.8% | −1.4% | +0.4% | +0.8% | +0.5% | +0.3% | +0.8% | −0.2% | −0.7% | −0.1% | +0.7% | +0.1% |
| 2020 | +1.7% | +1.2% | −3.6% | −2.0% | +2.9% | +1.3% | +1.4% | −0.1% | +0.2% | −0.2% | +1.2% | +0.6% |
| 2019 | — | — | — | — | — | — | — | — | −0.7% | 0.0% | +0.2% | +0.4% |
FICNX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 5.16%
- 3-year Sharpe ratio: -0.13 (vs 4.5% risk-free rate)
- Best month: +5.69% (Nov 2023)
- Worst month: −2.42% (Sep 2023)
FICNX Fund Flows
Monthly money in and out of Fidelity Connecticut Municipal Income Fund, from SEC Form N-PORT.
- 12-month net flow: $55.6M
- 12-month gross sales (incl. reinvestments): $108.7M
- Sales ÷ redemptions: 2.05×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $12.8M | $3.5M | $9.4M |
| Apr 2026 | $11.7M | $3.6M | $8.1M |
| Mar 2026 | $12.8M | $6.4M | $6.4M |
| Feb 2026 | $14.8M | $3.7M | $11.0M |
| Jan 2026 | $8.6M | $5.2M | $3.4M |
| Dec 2025 | $10.8M | $8.3M | $2.5M |
| Nov 2025 | $6.3M | $2.3M | $4.0M |
| Oct 2025 | $4.6M | $3.9M | $732K |
| Sep 2025 | $5.2M | $3.5M | $1.7M |
| Aug 2025 | $7.1M | $2.1M | $5.0M |
| Jul 2025 | $8.4M | $4.1M | $4.3M |
| Jun 2025 | $5.6M | $6.5M | −$889K |
FICNX Assets Under Management
Net assets of Fidelity Connecticut Municipal Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $369.60M |
| 2026-02-28 | $351.59M |
| 2025-11-30 | $329.35M |
| 2025-08-31 | $315.11M |
| 2025-05-31 | $303.87M |
| 2025-02-28 | $311.84M |
| 2024-11-30 | $316.67M |
| 2024-08-31 | $314.85M |
| 2024-05-31 | $288.08M |
| 2024-02-29 | $295.98M |
| 2023-11-30 | $298.97M |
| 2023-08-31 | $300.53M |
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.