Fidelity New Jersey Municipal Income Fund (FNJHX)
Fidelity New Jersey 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 $11.62, up 0.09% on the session, giving a market capitalisation of $745.7M. Its beta of 1.00 implies it has historically moved less than the broad market.
This fund primarily invests at least 80% of its total assets in high-quality municipal bonds. The interest earned from these securities is free from federal income tax, and for New Jersey residents, it is also exempt from state personal income tax. The portfolio manager diversifies holdings by spreading investments across various segments of the municipal market and different bond maturities. Importantly, the fund operates as a non-diversified entity, meaning it has the flexibility to commit more than 25% of its assets to municipal bonds that fund similar project categories.
Fidelity New Jersey Municipal Income Fund is most often compared with the following Financial Services names: