Fidelity Municipal Income Fund (FHIGX)
Fidelity Municipal Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $11.59, down 0.52% on the session, giving a market capitalisation of $4.44B. Its beta of 1.04 implies it has historically moved more than the broad market.
This fund typically allocates at least 80% of its investments to high-quality municipal bonds, the income from which is exempt from federal taxation. The portfolio is strategically diversified across various market sectors and debt maturities. It's possible for over 25% of the fund's total assets to be invested in municipal securities that finance similar categories of projects.
Fidelity Municipal Income Fund is most often compared with the following Financial Services names: