Mutual Fund Insights: Fidelity Ohio Municipal Income Fund (FOHFX)

In-depth Analysis of Fidelity Ohio Municipal Income Fund (FOHFX)

3 months 6 months 1 year 3 year 5 year

See Fidelity Ohio Municipal Income Fund (FOHFX) performance details as of February 28, 2010

  

Last Trade: $11.67 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Jamie Pagliocco

Fund Manager Tenure: 3.1 years   [Similar Funds: FOHBX  FOHCX  FOHTX ]
Fundmojo Fund Grade: B (Score: 0.65)     (What does this score mean?)

Jamie Pagliocco is co-manager of Advisor Municipal Income Fund, which Jamie Pagliocco has managed since February 2009. Jamie Pagliocco also manages other Fidelity funds. Since joining Fidelity Investments in 2001, Mr. Jamie Pagliocco has worked as a municipal bond trader, assistant fixed income head trader and portfolio manager.  Get more insights on Jamie Pagliocco

  

 What we like about Fidelity Ohio Municipal Income Fund (FOHFX)

Data for Fidelity Ohio Municipal Income Fund (FOHFX) as of February 28, 2010

• Fidelity Ohio Municipal Income Fund (FOHFX) management has been with Fidelity Ohio Municipal Income Fund for 3.1 years
• Fidelity Ohio Municipal Income Fund (FOHFX) has good mid-term performance (3-year return 4.31% vs 3.13 % Muni Ohio category average)
• Fidelity Ohio Municipal Income Fund (FOHFX) has good Long-term performance (5-year return 4.17% vs 3.53 % Muni Ohio category average)
• Fidelity Ohio Municipal Income Fund (FOHFX) ratio of up-years vs down years is greater than 2
• Fidelity Ohio Municipal Income Fund (FOHFX) has a Morningstar rating of 4 and above
• Fidelity Ohio Municipal Income Fund (FOHFX) has an annual stock turnover rate of 10.00% vs Muni Ohio average of 17.50%. It is good that Fidelity Ohio Municipal Income management does not trade extensively for its return.
• Fidelity Ohio Municipal Income Fund (FOHFX) is less volatile than its peers as it has a 3-year Standard Deviation of 5.64, lower than category average of 6.46
• Fidelity Ohio Municipal Income Fund (FOHFX) has a lower management fee than its Muni Ohio average: 0.50% vs 1.04%
• Fidelity Ohio Municipal Income Fund (FOHFX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Fidelity Ohio Municipal Income Fund (FOHFX)

Data for Fidelity Ohio Municipal Income Fund (FOHFX) as of February 28, 2010

• Fidelity Ohio Municipal Income Fund (FOHFX) has a less-than-ideal short-term performance (1-year return 8.37% vs 9.79 % Muni Ohio category average)

See Fidelity Ohio Municipal Income Fund (FOHFX) performance details as of February 28, 2010

  

  

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Fidelity Ohio Municipal Income Fund (FOHFX) Net Asset

Track net asset change of Fidelity Ohio Municipal Income fund (FOHFX)

Date	Net Asset
02/2010	$536.90M
01/2010	$526.15M
11/2009	$516.58M

More historic net asset information on Fidelity Ohio Municipal Income Fund (FOHFX)

  

Fidelity Ohio Municipal Income Fund (FOHFX) Portfolio Allocation

Track portfolio allocation change of Fidelity Ohio Municipal Income fund (FOHFX)

Date	Cash	Stock	Bond	Other
01/2010	0.2%	0%	99.8%	0%
10/2009	0.21%	0%	99.79%	0%
09/2009	0.3%	0%	99.7%	0%

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

  

Most Recent Top 10 Holdings in Fidelity Ohio Municipal Income Fund (FOHFX)

Discover what Fidelity Ohio Municipal Income Fund (FOHFX) manager is buying

31-Jan-10 Buckeye Ohio Tob Settlement Fi Toba 6.5% [1.6%] Ohio St Infrast I 5.375% [1.51%] Ohio St Sch Bds 5.25% [1.49%] Sylvania Ohio City Sch Dist 5.25% [1.43%] Ohio St Hosp Fac Rev Acting By Hosp 5.5% [1.41%] Cincinnati Ohio Wtr Sys Rev Wtr Sys R 5% [1.34%] Ohio St G.O. Sch 5.5% [1.3%] Fairview Park Ohio Ref Bds 5% [1.19%] Ohio St Univ Gen Rcpts Gen Rcpt 5.25% [1.09%] Columbus Ohio City Sch Dist 5% [1.08%]

31-Oct-09 Buckeye Ohio Tob Settlement Fi Toba 6.5% [1.62%] Ohio St Infrast I 5.375% [1.59%] Ohio St Sch Bds 5.25% [1.55%] Sylvania Ohio City Sch Dist 5.25% [1.5%] Ohio St Hosp Fac Rev Acting By Hosp 5.5% [1.49%] Cincinnati Ohio Wtr Sys Rev Wtr Sys R 5% [1.4%] Ohio St G.O. Sch 5.5% [1.38%] Fairview Park Ohio Ref Bds 5% [1.25%] Columbus Ohio City Sch Dist 5% [1.14%] Ohio St Univ Gen Rcpts Gen Rcpt 5.25% [1.12%]

30-Sep-09 Ohio St G.O. Sch 5.5% [2.41%] Buckeye Ohio Tob Settlement Fi Toba 6.5% [1.71%] Ohio St Infrast I 5.375% [1.56%] OHIO ST SCH BDS [1.5%] Sylvania Ohio City Sch Dist 5.25% [1.47%] Ohio St Hosp Fac Rev Acting By Hosp 5.5% [1.46%] Cincinnati Ohio Wtr Sys Rev Wtr Sys R 5% [1.37%] Ohio St G.O. Bds 5.375% [1.29%] Fairview Park Ohio Ref Bds 5% [1.21%] Columbus Ohio City Sch Dist 5% [1.12%]

Click here for Stock Holding Change Map in Fidelity Ohio Municipal Income Fund (FOHFX)

  

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Latest News on Fidelity Ohio Municipal Income (FOHFX)

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See more information on Fidelity Ohio Municipal Income Fund (FOHFX)

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