SMDMX Performance — Fidelity Maryland Municipal Income Fund
Data updated: 2026-07-24
SMDMX returned +0.97% year to date and +6.70% over one year to May 2026. Annualised returns are +4.01% over 3 years and +0.91% over 5 years. The fund beat its Intermediate Municipal Bond category average: $100 invested three years ago grew to $113, against $111 for the category, and to $107 over one year, against $106. Volatility over the past three years was 5.71% a year. In the 12 months to May 2026 the fund took in a net $7.6M, and assets reached $163.27M.
SMDMX Growth of $100
What $100 invested in Fidelity Maryland 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 | SMDMX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $107 | $106 |
| 3 years (Jun 2023 – May 2026) | $113 | $111 |
| 5 years (Jun 2021 – May 2026) | $105 | $104 |
| Since data start (Sep 2019 – May 2026) | $110 | $109 |
SMDMX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.97% |
| 1 year | +6.70% |
| 3 years (annualised) | +4.01% |
| 5 years (annualised) | +0.91% |
SMDMX Annual Returns
Calendar-year total returns of Fidelity Maryland Municipal Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +0.97% |
| 2025 | +4.94% |
| 2024 | +1.35% |
| 2023 | +6.20% |
| 2022 | −8.88% |
| 2021 | +1.96% |
| 2020 | +3.80% |
| 2019 (Sep–Dec) | −0.28% |
SMDMX 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% | +1.3% | −2.8% | +1.1% | +0.6% | — | — | — | — | — | — | — |
| 2025 | +0.3% | +1.1% | −1.7% | −0.4% | −0.1% | +0.8% | −0.3% | +0.9% | +2.3% | +1.3% | +0.4% | +0.2% |
| 2024 | −0.2% | −0.2% | 0.0% | −1.3% | −0.4% | +1.7% | +0.8% | +0.9% | +1.3% | −1.6% | +1.7% | −1.3% |
| 2023 | +2.9% | −2.3% | +1.9% | −0.1% | −0.9% | +0.9% | +0.2% | −1.1% | −2.8% | −1.3% | +6.4% | +2.6% |
| 2022 | −2.6% | −0.5% | −3.0% | −2.7% | +0.8% | −1.8% | +2.7% | −2.2% | −3.5% | −0.7% | +4.5% | +0.1% |
| 2021 | +0.7% | −1.5% | +0.4% | +1.1% | +0.6% | +0.2% | +0.9% | −0.3% | −0.9% | −0.1% | +0.9% | +0.1% |
| 2020 | +1.8% | +1.3% | −3.6% | −2.6% | +2.8% | +1.1% | +1.6% | −0.4% | +0.2% | −0.3% | +1.3% | +0.8% |
| 2019 | — | — | — | — | — | — | — | — | −0.8% | 0.0% | +0.2% | +0.3% |
SMDMX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 5.71%
- 3-year Sharpe ratio: -0.09 (vs 4.5% risk-free rate)
- Best month: +6.43% (Nov 2023)
- Worst month: −2.76% (Sep 2023)
SMDMX Fund Flows
Monthly money in and out of Fidelity Maryland Municipal Income Fund, from SEC Form N-PORT.
- 12-month net flow: $7.6M
- 12-month gross sales (incl. reinvestments): $33.6M
- Sales ÷ redemptions: 1.29×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $4.1M | $2.2M | $1.9M |
| Apr 2026 | $2.5M | $2.7M | −$250K |
| Mar 2026 | $4.1M | $3.3M | $774K |
| Feb 2026 | $3.0M | $2.1M | $901K |
| Jan 2026 | $4.4M | $1.2M | $3.2M |
| Dec 2025 | $4.5M | $3.1M | $1.4M |
| Nov 2025 | $1.1M | $1.5M | −$445K |
| Oct 2025 | $3.1M | $2.4M | $622K |
| Sep 2025 | $2.4M | $1.5M | $850K |
| Aug 2025 | $991K | $2.0M | −$1.1M |
| Jul 2025 | $1.8M | $1.2M | $669K |
| Jun 2025 | $1.6M | $2.6M | −$1.0M |
SMDMX Assets Under Management
Net assets of Fidelity Maryland Municipal Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $163.27M |
| 2026-02-28 | $163.66M |
| 2025-11-30 | $155.51M |
| 2025-08-31 | $149.49M |
| 2025-05-31 | $149.81M |
| 2025-02-28 | $157.20M |
| 2024-11-30 | $159.50M |
| 2024-08-31 | $164.00M |
| 2024-05-31 | $167.86M |
| 2024-02-29 | $174.74M |
| 2023-11-30 | $175.08M |
| 2023-08-31 | $165.87M |
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.