Fidelity Municipal Income 2023 Fund (FCHPX)
Fidelity Municipal Income 2023 Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $10.09, up 0.00% on the session, giving a market capitalisation of $7.4M. Its beta of 0.14 implies it has historically moved less than the broad market.
This fund primarily invests a minimum of 80% of its assets in high-quality municipal bonds, with interest payments that are typically exempt from federal income tax, though they may still be subject to the federal alternative minimum tax (AMT). The portfolio may also allocate more than 25% of its total capital towards municipal securities financing similar types of initiatives. The fund is designed to conclude operations and liquidate its investments shortly after its target termination date of June 30, 2023.
Fidelity Municipal Income 2023 Fund is most often compared with the following Financial Services names: