Mutual Fund Insights: Fidelity Minnesota Municipal Income Fund (FIMIX)

In-depth Analysis of Fidelity Minnesota Municipal Income Fund (FIMIX)

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See Fidelity Minnesota Municipal Income Fund (FIMIX) performance details as of February 28, 2010

  

Last Trade: $11.50 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Christine Jones Thompson

Fund Manager Tenure: 11.7 years
Fundmojo Fund Grade: B (Score: 0.63)     (What does this score mean?)

Christine Jones Thompson is lead manager of Advisor Municipal Income fund, which Christine Jones Thompson has managed since July 1998. Thompson also manages other Fidelity funds. Since joining Fidelity Investments in 1985, Christine Jones Thompson has worked as an analyst and manager. Previously, Christine Jones Thompson worked as an equity research analyst intern at Lord Abbett & Company during the summer of 1984. From 1980 to 1983, Christine Jones Thompson served as an analyst and client service consultant with Associates for International Research.  Get more insights on Christine Jones Thompson

  

 What we like about Fidelity Minnesota Municipal Income Fund (FIMIX)

Data for Fidelity Minnesota Municipal Income Fund (FIMIX) as of February 28, 2010

• Fidelity Minnesota Municipal Income Fund (FIMIX) management has been with Fidelity Minnesota Municipal Income Fund for 11.7 years
• Fidelity Minnesota Municipal Income Fund (FIMIX) has good short-term performance (1-year return 7.21% vs 11.06 % Muni Minnesota category average)
• Fidelity Minnesota Municipal Income Fund (FIMIX) has good mid-term performance (3-year return 4.41% vs 3.34 % Muni Minnesota category average)
• Fidelity Minnesota Municipal Income Fund (FIMIX) has good Long-term performance (5-year return 4.11% vs 3.74 % Muni Minnesota category average)
• Fidelity Minnesota Municipal Income Fund (FIMIX) ratio of up-years vs down years is greater than 2
• Fidelity Minnesota Municipal Income Fund (FIMIX) has a Morningstar rating of 4 and above
• Fidelity Minnesota Municipal Income Fund (FIMIX) has an annual stock turnover rate of 7.00% vs Muni Minnesota average of 19.58%. It is good that Fidelity Minnesota Municipal Income management does not trade extensively for its return.
• Fidelity Minnesota Municipal Income Fund (FIMIX) is less volatile than its peers as it has a 3-year Standard Deviation of 4.77, lower than category average of 6.46
• Fidelity Minnesota Municipal Income Fund (FIMIX) has a lower management fee than its Muni Minnesota average: 0.51% vs 1.12%
• Fidelity Minnesota Municipal Income Fund (FIMIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Fidelity Minnesota Municipal Income Fund (FIMIX)

Data for Fidelity Minnesota Municipal Income Fund (FIMIX) as of February 28, 2010

• Fidelity Minnesota Municipal Income Fund (FIMIX) is less safe compared to its Muni Minnesota peers

See Fidelity Minnesota Municipal Income Fund (FIMIX) performance details as of February 28, 2010

  

  

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Fidelity Minnesota Municipal Income Fund (FIMIX) Net Asset

Track net asset change of Fidelity Minnesota Municipal Income fund (FIMIX)

Date	Net Asset
02/2010	$490.03M
01/2010	$480.50M
11/2009	$467.98M

More historic net asset information on Fidelity Minnesota Municipal Income Fund (FIMIX)

  

Fidelity Minnesota Municipal Income Fund (FIMIX) Portfolio Allocation

Track portfolio allocation change of Fidelity Minnesota Municipal Income fund (FIMIX)

Date	Cash	Stock	Bond	Other
01/2010	0.76%	0%	99.24%	0%
10/2009	0%	0%	100%	0%
09/2009	0%	0%	100%	0%

Click here to see more historic asset allocation information on Fidelity Minnesota Municipal Income Fund (FIMIX)

  

Most Recent Top 10 Holdings in Fidelity Minnesota Municipal Income Fund (FIMIX)

Discover what Fidelity Minnesota Municipal Income Fund (FIMIX) manager is buying

31-Jan-10 Minnesota St Go St Bds 5% [2.52%] Minnesota St Go Bds 5% [2.07%] Minnesota St Go State 5% [2.03%] Southern Minn Mun Pwr Agy Pwr Cap Appre [1.96%] Minnesota St Mun Pwr Agy Elec Elec 5.25% [1.91%] St Louis Park Minn Health Care Hlt 5.75% [1.89%] Minneapolis & St Paul Minn Met Sub Ai 5% [1.81%] Univ Minn Spl Purp Rev Spec Purp 5% [1.53%] Price/Earnings [0%] N/A [0%]

31-Oct-09 Minnesota St Go Bds 5% [3.88%] Minnesota St Go St Bds 5% [2.62%] Minnesota St Go Bds 5% [2.5%] Minnesota St Go Bds 5% [2.17%] Minnesota St Go State 5% [2.1%] Minnesota St Mun Pwr Agy Elec Elec 5.25% [1.98%] Southern Minn Mun Pwr Agy Pwr Cap Appre [1.96%] Minneapolis & St Paul Minn Met Sub Ai 5% [1.88%] Univ Minn Spl Purp Rev Spec Purp 5% [1.6%] St Cloud Minn Health Care Rev Rev 5.75% [1.59%]

30-Sep-09 Minnesota St Go Bds 5% [3.99%] Minnesota St Go St Bds 5% [2.61%] Minnesota St Go Bds 5% [2.51%] Minnesota St Go Bds 5% [2.17%] Minnesota St Go State 5% [2.13%] Southern Minn Mun Pwr Agy Pwr Cap Appre [2.03%] Minnesota St Mun Pwr Agy Elec Elec 5.25% [1.97%] Minneapolis & St Paul Minn Met Sub Ai 5% [1.87%] Univ Minn Spl Purp Rev Spec Purp 5% [1.62%] St Cloud Minn Health Care Rev Rev 5.75% [1.57%]

Click here for Stock Holding Change Map in Fidelity Minnesota Municipal Income Fund (FIMIX)

  

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Latest News on Fidelity Minnesota Municipal Income (FIMIX)

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See more information on Fidelity Minnesota Municipal Income Fund (FIMIX)

• Fidelity Minnesota Municipal Income Fund Insights
• Fidelity Minnesota Municipal Income Fund Performance Data
• Fidelity Minnesota Municipal Income Fund News
• Fidelity Minnesota Municipal Income Fund Score Explaination
• Fidelity Minnesota Municipal Income Fund Manager Information
• Historic Fidelity Minnesota Municipal Income Fund Asset Allocation Report
• Historic Fidelity Minnesota Municipal Income Fund Top 10 Holding Tracking
• Historic Fidelity Minnesota Municipal Income Fund Asset Under Management Tracking