FIMIX Fees and Costs — Fidelity Minnesota Municipal Income Fund
Data updated: 2026-08-24
The net expense ratio is 0.47%: a 0.45% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 26%.
FIMIX Fees and Expenses
Annual operating expenses and sales charges of FIMIX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.47% |
| Fee waiver | — |
| Net expense ratio | 0.47% |
| 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 |
FIMIX Costs Over Time
On $10,000 invested in FIMIX, assuming 5% a year before costs, total costs come to $297 over 5 years, cutting the return by 0.49% 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 0.47%) | $49 | $155 | $270 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $49 | $162 | $297 |
| Value after costs | $10,451 | $11,414 | $12,466 |
| Impact on return, per year | 0.49% | 0.49% | 0.49% |
FIMIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $446.1M
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
FIMIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $164.7M | 44.51% |
| BARCLAYS PLC | $42.9M | 11.61% |
| WELLS FARGO and CO | $31.2M | 8.44% |
| JPMORGAN CHASE and CO | $26.1M | 7.07% |
| MORGAN STANLEY | $24.5M | 6.62% |
| ROYAL BANK OF CANADA | $22.4M | 6.06% |
| PIPER SANDLER COS | $20.9M | 5.66% |
| MESIROW FINANCIAL HOLDINGS INC | $15.5M | 4.19% |
| TRUIST FINANCIAL CORP | $11.9M | 3.21% |
| BAIRD FINANCIAL GROUP INC/WISCONSIN | $9.8M | 2.64% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.