FMHTX — Fidelity Michigan Municipal Income Fund
Data updated: 2026-08-24
FMHTX — Fidelity Michigan Municipal Income Fund. Long Municipal - National Bond · $510.37M AUM. Holdings, fees, performance and SEC filings.
FMHTX Fund Overview
FMHTX — Fidelity Michigan Municipal Income Fund is a US mutual fund managed by Fidelity Municipal Trust, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Fidelity Municipal Trust
- Category: Long Municipal - National Bond
- Assets under management: $510.37M
- 1-year return: 6.8%
- Ticker: FMHTX
- SEC CIK: 0000035373
- SEC series ID: S000007129
- Share class ID: C000019503
FMHTX Holdings
Top 10 holdings of Fidelity Michigan Municipal Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Revere Street Trust | 4.36% |
| Michigan Fin Auth Re | 1.44% |
| Michigan St Bldg Auth Rev | 1.39% |
| Michigan St Strategic Fd Ltd. Oblig Rev | 1.37% |
| Great Lakes Wtr Auth Mich Wtr Supply Sys Rev | 1.29% |
| Michigan Fin Auth Re | 1.23% |
| Wayne Cnty Mich Arpt Auth Rev | 1.20% |
| LANSING MICH BRD WTR and LT UTIL SYS REV | 1.18% |
| Michigan Fin Auth Re | 1.15% |
| Michigan St Strategic Fd Ltd. Oblig Rev | 1.15% |
FMHTX Portfolio Allocation
Asset-class allocation of Fidelity Michigan Municipal Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 95.0% |
| Cash & Equivalents | 4.4% |
FMHTX Performance
Total returns for FMHTX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.0% |
| 1 year | 6.8% |
| 3 years (annualised) | 4.0% |
| 5 years (annualised) | 0.9% |
FMHTX Risk Information
Risk metrics for FMHTX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.6%
FMHTX Costs and Fees
FMHTX costs about $46 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.46%
- Gross expense ratio: 0.46%
- Portfolio turnover: 17%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FMHTX Cashflows
Over the 12 months to 2026-06, Fidelity Michigan Municipal Income Fund had net inflows of $34.40M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $1.00M |
| 2026-05 | $6.20M |
| 2026-04 | $3.30M |
| 2026-03 | $3.07M |
| 2026-02 | $1.44M |
| 2026-01 | $8.27M |
FMHTX Debt Constituents
Largest debt holdings of Fidelity Michigan Municipal Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Michigan Fin Auth Re | 1.44% |
| Michigan St Bldg Auth Rev | 1.39% |
| Michigan St Strategic Fd Ltd. Oblig Rev | 1.37% |
| Great Lakes Wtr Auth Mich Wtr Supply Sys Rev | 1.29% |
| Michigan Fin Auth Re | 1.23% |
| Wayne Cnty Mich Arpt Auth Rev | 1.20% |
| LANSING MICH BRD WTR and LT UTIL SYS REV | 1.18% |
| Michigan Fin Auth Re | 1.15% |
| Michigan St Strategic Fd Ltd. Oblig Rev | 1.15% |
| Michigan St Hosp Fin Auth Re | 1.09% |
FMHTX Prospectus and SEC Filings
Official Fidelity Michigan Municipal Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-24
- Prospectus (485BPOS) — filed 2025-02-25
- Prospectus (485BPOS) — filed 2024-02-26
- Portfolio holdings (N-PORT) — filed 2026-08-24
- Portfolio holdings (N-PORT) — filed 2026-05-26
- Portfolio holdings (N-PORT) — filed 2026-02-24
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.