Fidelity Connecticut Municipal Incom Fund (FICNX)
Fidelity Connecticut Municipal Incom Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $10.99, up 0.09% on the session, giving a market capitalisation of $376.6M. Its beta of 0.92 implies it has historically moved less than the broad market.
The Fidelity Connecticut Municipal Income Fund primarily invests in high-quality municipal bonds, dedicating at least 80% of its assets to these securities. The interest earned from these investments is exempt from both federal and Connecticut personal income taxes. The fund strategically distributes its holdings across various market sectors and bond maturities. A notable characteristic is its ability to allocate more than 25% of its total assets to municipal securities financing similar project categories. Additionally, as a non-diversified fund, it may concentrate its investments, potentially leading to increased volatility compared to diversified funds.
Fidelity Connecticut Municipal Incom Fund is most often compared with the following Financial Services names: