Fidelity Minnesota Municipal Income Fund (FIMIX)
The fund normally invests at least 80% of its assets in investment-grade municipal securities whose interest is exempt from federal and Minnesota personal income taxes. It manages the fund to have similar overall interest rate risk to an index designed to represent Fidelity Management & Research Company's view of how the fund's competitive universe will perform over time. The fund allocates assets across different market sectors and maturities. It is non-diversified.
Fund Info
US3164123032
316412303
Nov 21, 1985
$0
Expense Ratio
FIMIX has an expense ratio of 0.49%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Fidelity Minnesota Municipal Income Fund (FIMIX) returned -0.94% year-to-date (YTD) and 2.01% over the past 12 months. Over the past 10 years, FIMIX returned 1.79% annually, underperforming the S&P 500 benchmark at 10.85%.
FIMIX
-0.94%
-0.28%
-1.92%
2.01%
1.45%
0.23%
1.79%
^GSPC (Benchmark)
0.51%
5.49%
-2.00%
12.02%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of FIMIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.41% | 1.11% | -1.75% | -0.50% | -0.18% | -0.94% | |||||||
| 2024 | 0.05% | 0.11% | -0.27% | -1.00% | -0.41% | 1.38% | 0.99% | 0.63% | 1.25% | -1.38% | 1.09% | -0.98% | 1.41% |
| 2023 | 2.49% | -1.99% | 1.76% | -0.36% | -0.71% | 0.65% | 0.29% | -1.08% | -2.69% | -0.91% | 5.81% | 1.92% | 5.01% |
| 2022 | -2.35% | -0.50% | -2.59% | -2.65% | 1.25% | -1.45% | 2.01% | -1.71% | -3.21% | -0.38% | 3.81% | 0.09% | -7.65% |
| 2021 | 0.33% | -1.57% | 0.42% | 0.75% | 0.33% | 0.24% | 0.74% | -0.34% | -0.71% | -0.18% | 0.65% | 0.08% | 0.71% |
| 2020 | 1.62% | 1.09% | -2.76% | -1.59% | 3.29% | 0.43% | 1.51% | -0.41% | 0.08% | -0.16% | 1.16% | 0.45% | 4.67% |
| 2019 | 0.74% | 0.51% | 1.60% | 0.29% | 1.32% | 0.45% | 0.80% | 1.55% | -0.72% | 0.03% | 0.11% | 0.27% | 7.13% |
| 2018 | -1.25% | -0.46% | 0.18% | -0.20% | 1.01% | 0.03% | 0.12% | 0.12% | -0.59% | -0.67% | 1.22% | 1.19% | 0.65% |
| 2017 | 0.48% | 0.52% | 0.22% | 0.64% | 1.42% | -0.32% | 0.55% | 0.81% | -0.57% | 0.29% | -0.56% | 0.99% | 4.55% |
| 2016 | 1.08% | 0.06% | 0.31% | 0.63% | 0.14% | 1.63% | -0.04% | 0.04% | -0.47% | -0.80% | -3.43% | 1.02% | 0.09% |
| 2015 | 1.59% | -1.01% | 0.31% | -0.46% | -0.20% | 0.05% | 0.66% | 0.23% | 0.65% | 0.32% | 0.22% | 0.62% | 3.00% |
| 2014 | 1.49% | 0.81% | -0.19% | 1.02% | 1.02% | 0.06% | 0.33% | 0.92% | 0.06% | 0.58% | 0.05% | 0.53% | 6.86% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FIMIX is 31, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Minnesota Municipal Income Fund (FIMIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Fidelity Minnesota Municipal Income Fund provided a 2.50% dividend yield over the last twelve months, with an annual payout of $0.27 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.29 | $0.26 | $0.23 | $0.26 | $0.28 | $0.31 | $0.30 | $0.29 | $0.35 | $0.37 | $0.39 |
Dividend yield | 2.50% | 2.65% | 2.29% | 2.14% | 2.12% | 2.29% | 2.57% | 2.63% | 2.53% | 3.02% | 3.12% | 3.32% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Minnesota Municipal Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.02 | $0.03 | $0.03 | $0.00 | $0.10 | |||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.29 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.05 | $0.26 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.28 |
| 2019 | $0.02 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.31 |
| 2018 | $0.02 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.30 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.29 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.07 | $0.03 | $0.35 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.37 |
| 2014 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.39 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Minnesota Municipal Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Minnesota Municipal Income Fund was 23.36%, occurring on Oct 19, 1987. Recovery took 387 trading sessions.
The current Fidelity Minnesota Municipal Income Fund drawdown is 3.07%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.36% | Mar 9, 1987 | 157 | Oct 19, 1987 | 387 | Apr 28, 1989 | 544 |
| -12.06% | Aug 6, 2021 | 310 | Oct 25, 2022 | — | — | — |
| -11.23% | Feb 1, 1994 | 205 | Nov 22, 1994 | 93 | Apr 6, 1995 | 298 |
| -10.59% | Mar 10, 2020 | 9 | Mar 20, 2020 | 92 | Jul 31, 2020 | 101 |
| -8.45% | Sep 12, 2008 | 25 | Oct 16, 2008 | 61 | Jan 14, 2009 | 86 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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