Fidelity Funds. Average Annual Returns - Municipal Income. Page 1 / 9

Transcription

1 Fidelity s Average Annual Returns - Municipal Income Current performance may be higher or lower than that quoted. Visit institutional.fidelity.com for most recent month-end performance. Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. A short-term trading fee of up to 2% may apply and is not reflected in returns shown. Had the fees been reflected, returns would have been lower. See below for short-term trading fees and average annual return information for each fund. Class K Shares are available only in eligible employer-sponsored retirement plans. Month-End Returns with NAV as of 10/31/2018 unless otherwise noted. Name Fidelity Intermediate Municipal Income Symbol YTD 11/06/ yr 3 yr 5 yr 10 yr/ Life* Shortterm trading fee Expense Ratio (Gross/Net) FLTMX -0.98% 04/15/ % +1.46% +2.40% +3.67% na 0.36% 0.36% Fidelity Municipal Income FHIGX -1.85% 12/01/ % +2.01% +3.62% +4.96% na Fidelity Massachusetts Municipal Income Fidelity New York Municipal Income Fidelity Michigan Municipal Income Fidelity Minnesota Municipal Income FDMMX -2.11% 11/10/ % +1.50% +3.17% +4.58% na FTFMX -2.13% 07/10/ % +1.47% +3.18% +4.47% na FMHTX -1.60% 11/12/ % +1.58% +3.20% +4.24% na 0.49% 0.49% FIMIX -1.95% 11/21/ % +1.21% +2.38% +3.85% na 0.49% 0.49% Fidelity Ohio Municipal Income FOHFX -2.04% 11/15/ % +1.84% +3.53% +4.70% na Fidelity Tax-Free Bond FTABX -1.90% 04/10/ % +2.06% +3.65% +5.06% na 0.25% Fidelity California Municipal Income Fidelity Pennsylvania Municipal Income Fidelity Limited Term Municipal Income Fidelity Connecticut Municipal Income Fidelity New Jersey Municipal Income Fidelity Maryland Municipal Income FCTFX -1.85% 07/07/ % +1.67% +3.42% +4.92% na FPXTX -1.73% 08/06/ % +1.75% +3.24% +4.36% na FSTFX -0.05% 12/24/ % +0.67% +1.03% +2.13% na FICNX -1.25% 10/29/ % +1.33% +2.78% +4.04% na FNJHX -1.17% 01/01/ % +2.67% +3.30% +4.44% na SMDMX -2.23% 04/22/ % +1.53% +2.98% +4.23% na 0.55% 0.55% Fidelity Arizona Municipal Income FSAZX -1.70% 10/11/ % +1.58% +3.37% +4.78% na 0.55% 0.55% Fidelity California Limited Term Tax- Free Bond Fidelity Municipal Income 2019 (Closed to new investors) FCSTX -0.07% 10/25/ % +0.65% +1.29% +2.47% na FMCFX +0.97% 05/19/ % +0.81% +1.49% +2.53% na Fidelity Municipal Income 2021 FOCFX +0.21% 05/19/ % +1.01% +2.36% +3.30% na Page 1 / 9

2 Name Symbol YTD 11/06/ yr 3 yr 5 yr 10 yr/ Life* Shortterm trading fee Expense Ratio (Gross/Net) Fidelity Municipal Income 2023 FCHPX -0.76% 04/23/ % +1.57% +2.96% +2.05% na Fidelity Conservative Income Municipal Bond Fidelity Conservative Income Municipal Bond - Institutional Class FCRDX +1.00% 10/15/ % +0.72% +0.60% +0.61% na 0.35% FMNDX +1.08% 10/15/ % +0.82% +0.70% +0.71% na 0.35% 0.25% Fidelity Municipal Income 2025 FIMSX -1.38% 05/25/ % na na -0.57% na Page 2 / 9

3 Fidelity s Average Annual Returns - Municipal Income Quarter-End Returns with NAV unless otherwise noted. Name Fidelity Intermediate Municipal Income Symbol YTD 11/06/ yr 3 yr 5 yr 10 yr/ Life* Shortterm trading fee Expense Ratio (Gross/Net) FLTMX -0.98% 04/15/ % +1.76% +2.63% +3.64% na 0.36% 0.36% Fidelity Municipal Income FHIGX -1.85% 12/01/ % +2.48% +3.95% +4.87% na Fidelity Massachusetts Municipal Income Fidelity New York Municipal Income Fidelity Michigan Municipal Income Fidelity Minnesota Municipal Income FDMMX -2.11% 11/10/ % +1.83% +3.46% +4.51% na FTFMX -2.13% 07/10/ % +1.88% +3.51% +4.47% na FMHTX -1.60% 11/12/ % +2.02% +3.46% +4.31% na 0.49% 0.49% FIMIX -1.95% 11/21/ % +1.55% +2.64% +3.84% na 0.49% 0.49% Fidelity Ohio Municipal Income FOHFX -2.04% 11/15/ % +2.17% +3.81% +4.68% na Fidelity Tax-Free Bond FTABX -1.90% 04/10/ % +2.50% +3.96% +5.00% na 0.25% Fidelity California Municipal Income Fidelity Pennsylvania Municipal Income Fidelity Limited Term Municipal Income Fidelity Connecticut Municipal Income Fidelity New Jersey Municipal Income Fidelity Maryland Municipal Income Fidelity Arizona Municipal Income Fidelity California Limited Term Tax- Free Bond Fidelity Municipal Income 2019 (Closed to new investors) FCTFX -1.85% 07/07/ % +2.06% +3.77% +4.82% na FPXTX -1.73% 08/06/ % +2.07% +3.53% +4.48% na FSTFX -0.05% 12/24/ % +0.86% +1.17% +2.14% na FICNX -1.25% 10/29/ % +1.61% +3.03% +4.06% na FNJHX -1.17% 01/01/ % +3.18% +3.59% +4.41% na SMDMX -2.23% 04/22/ % +1.87% +3.27% +4.12% na 0.55% 0.55% FSAZX -1.70% 10/11/ % +1.94% +3.61% +4.73% na 0.55% 0.55% FCSTX -0.07% 10/25/ % +0.81% +1.45% +2.49% na FMCFX +0.97% 05/19/ % +0.95% +1.69% +2.54% na Fidelity Municipal Income 2021 FOCFX +0.21% 05/19/ % +1.30% +2.56% +3.36% na Fidelity Municipal Income 2023 FCHPX -0.76% 04/23/ % +1.87% +3.24% +2.14% na Fidelity Conservative Income Municipal Bond Fidelity Conservative Income Municipal Bond - Institutional Class FCRDX +1.00% 10/15/ % +0.75% na +0.62% na 0.35% FMNDX +1.08% 10/15/ % +0.85% na +0.72% na 0.35% 0.25% Page 3 / 9

4 Name Symbol YTD 11/06/ yr 3 yr 5 yr 10 yr/ Life* Shortterm trading fee Expense Ratio (Gross/Net) Fidelity Municipal Income 2025 FIMSX -1.38% 05/25/ % na na -0.21% na Page 4 / 9

5 Fidelity s Quarter-End After Tax Average Annual Total Returns Name 1 Yr 3 Yr 5 Yr 10 Yr Since Fidelity Intermediate Municipal Income Fidelity Municipal Income Fidelity Massachusetts Municipal Income Fidelity New York Municipal Income Fidelity Michigan Municipal Income Fidelity Minnesota Municipal Income -0.01% 1.72% 2.59% 3.61% na 1.06% 1.96% 2.64% 3.54% na -0.13% 2.18% 3.76% 4.78% na 1.69% 2.64% 3.83% 4.67% na -0.11% 1.65% 3.34% 4.42% na 1.18% 2.08% 3.39% 4.32% na -0.62% 1.65% 3.35% 4.39% na 0.97% 2.11% 3.42% 4.29% na 0.17% 1.93% 3.38% 4.26% na 1.32% 2.21% 3.39% 4.17% na -0.39% 1.47% 2.56% 3.78% na 0.82% 1.78% 2.66% 3.71% na Page 5 / 9

6 Name 1 Yr 3 Yr 5 Yr 10 Yr Since Fidelity Ohio Municipal Income Fidelity Tax-Free Bond -0.14% 1.97% 3.64% 4.58% na 1.25% 2.31% 3.63% 4.45% na 0.14% 2.40% 3.90% 4.97% 4.75% 1.42% 2.67% 3.86% 4.79% 4.66% Fidelity California Municipal Income -0.10% 2.02% 3.74% 4.81% na 1.27% 2.31% 3.69% 4.64% na Fidelity Pennsylvania Municipal Income Fidelity Limited Term Municipal Income Fidelity Connecticut Municipal Income 0.06% 1.96% 3.42% 4.40% na 1.32% 2.28% 3.46% 4.31% na -0.08% 0.84% 1.14% 2.13% na 0.62% 1.01% 1.27% 2.10% na 0.07% 1.42% 2.83% 3.92% na 1.23% 1.84% 2.97% 3.89% na Page 6 / 9

7 Name 1 Yr 3 Yr 5 Yr 10 Yr Since Fidelity New Jersey Municipal Income Fidelity Maryland Municipal Income 0.69% 3.05% 3.48% 4.35% na 1.77% 3.15% 3.49% 4.24% na -0.54% 1.68% 3.10% 4.04% 4.42% 0.84% 2.00% 3.11% 3.90% 4.37% Fidelity Arizona Municipal Income % 3.51% 4.66% 4.82% 1.00% 2.10% 3.47% 4.47% 4.74% Fidelity California Limited Term Tax- Free Bond Fidelity Municipal Income 2019 (Closed to new investors) Fidelity Municipal Income % 0.80% 1.43% 2.47% 2.72% 0.55% 1.01% 1.52% 2.41% 2.66% 0.29% 0.93% 1.67% na 2.53% 0.72% 1.06% 1.67% na 2.38% -0.69% 1.28% 2.54% na 3.31% 1.47% 2.48% na 3.14% Page 7 / 9

8 Name 1 Yr 3 Yr 5 Yr 10 Yr Since Fidelity Municipal Income % 1.86% 3.23% na 2.14% 0.31% 1.92% 3.01% na 2.13% Fidelity Conservative Income Municipal Bond Fidelity Conservative Income Municipal Bond - Institutional Class 0.91% 0.75% na na 0.61% 1.03% 0.77% na na 0.61% 1.01% 0.85% na na 0.71% 1.13% 0.87% na na 0.71% Fidelity Municipal Income % na na na -0.21% 0.44% na na na 0.28% * For periods of less than one year, the life of fund number is represented by a cumulative total return. Data in bold represent funds with less than 10 years. Exp Ratio (Net) Prospectus Expense ratio is a measure of what it costs to operate an investment, expressed as a percentage of its assets, as a dollar amount, or in basis points. These are costs the investor pays through a reduction in the investment's rate of return. For a mutual fund, the gross expense ratio is the total annual fund or class operating expenses directly paid by the fund from the fund's most recent prospectus after any fee waiver and/or expense reimbursements that will reduce any fund operating expenses. This ratio also includes Acquired Fees and Expenses, which are expenses indirectly incurred by a fund through its ownership of shares in other investment companies, This number does not include any fee waiver arrangement or expense reimbursement that may be terminated without agreement of the fund's board of trustees. If the investment option is not a mutual fund, the expense ratio may be calculated using methodologies that differ from those used for mutual funds. Exp Ratio (Gross) Prospectus Expense ratio is a measure of what it costs to operate an investment, expressed as a percentage of its assets, as a dollar amount, or in basis points. These are costs the investor pays through a reduction in the investment's rate of return. For a mutual fund, the gross expense ratio is the total annual fund or class operating expenses directly paid by the fund from the fund's most recent prospectus (before waivers or reimbursements). This ratio also includes Acquired Fees and Expenses, which are expenses indirectly incurred by a fund through its ownership of shares in other investment companies. If the investment option is not a mutual fund, the expense ratio may be calculated using methodologies that differ from those used for mutual funds. Risks International s/emerging Market s: Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks, all of which are magnified in emerging markets The risks are particularly significant for funds that focus on a single country or region. Focus/Sector s can be more volatile because of their narrow concentration in a specific industry. Non-Diversified s may have additional volatility because they can invest a significant portion of assets in securities of a small number of individual issuers. Mid and Small Cap s: The securities of smaller, less well known companies can be more volatile than those of larger companies. Freedom s are subject to the risks of their underlying funds, including the volatility of the financial markets in the and abroad, as well as the additional risks associated with investing in high yield, small-cap, and foreign securities. Fixed Income s: Interest rate increases can cause the price of money market securities to decrease. High-Yield Bond s: s that invest in lower-rated debt securities (commonly referred to as junk bonds) involve additional risks because of the lower credit quality of the securities in the portfolio. The investor should be aware of the possible higher level of volatility, and increased risk of default. Municipal Bond s: The municipal market can be affected by adverse tax, legislative or political changes and the financial condition of the issuers of municipal securities. Tax-Free Municipal Bond s: Income from tax-free municipal bond funds may be subject to state and local taxation and the Alternative Minimum Tax. For specific risks associated with each fund, read the prospectus or visit the fund's detail pages on institutional.fidelity.com. Page 8 / 9

9 Important Information Prior to 7/1/99, 2/1/07, 2/1/07, 12/1/10 and 6/1/11, respectively, Value Strategies, Trend, Growth Discovery, Emerging Asia, and Global Strategies operated under certain different investment policies and compared their performance to a different benchmark. Prior to 2/11/00, 9/1/00, 12/29/01, 10/1/04 and 12/1/07, respectively, Aggressive International, China Region, Focused Stock, International Discovery, and Mega Cap Stock operated under certain different investment policies. These funds' historical performance may not represent their current investment policies. Prior to 10/1/06 Select IT Services, Select Consumer Discretionary, Select Industrials, Select Communications Equipment, Select Consumer Staples, and Select Materials were named Select Business Services and Outsourcing, Select Consumer Industries, Select Cyclical Industries, Select Developing Communications, Select Food and Agriculture, Select Industrial Materials, respectively. These funds and Select Utilities Growth operated under certain different investment policies and compared their performance to different secondary benchmarks prior to 10/1/06. Prior to 7/1/10 Select Environment and Alternative Energy was named Select Environmental and compared its performance to a different secondary benchmark. The funds' historical performance may not represent their current investment policies. An investment in a money market is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund. Definitions MIL Rate - An expression of the daily rate of per-share income earned in a bond or money market fund. MTD Cum - Month-to-Date cumulative. Not authorized for distribution unless preceded or accompanied by a current fund prospectus. Initial offering of the Fidelity Limited Term Bond Retail Class was on 11/1/13. Prior returns are those of the Fidelity Advisor Limited Term Bond Class I and reflect the Class I's expense ratio. Initial offering of the Fidelity Stock Selector Mid Cap Retail Class was on 6/6/12. Prior returns are those of the Fidelity Advisor Stock Selector Mid Cap Class I and reflect the Class I's expense ratio. Had Fidelity Stock Selector Mid Cap Retail Class expense ratio been reflected, total returns would have been lower. Initial offering of the Fidelity Floating Rate High Income Retail Class was on 9/19/02. Prior returns are those of the Fidelity Advisor Floating Rate High Income Class I and reflect the Fidelity Advisor Floating Rate High Income Class I expense ratio. Had Fidelity Floating Rate High Income Retail Class expense ratio been reflected, total returns would have been higher. Initial offering of Premium Class shares for the Fidelity 500 Index was on 10/14/05. Prior returns are those of Investor Class. Initial offering of Institutional and Institutional Premium Class shares was on 5/4/11. Returns for Institutional and Institutional Premium Class shares from 10/14/05 to 5/4/11 are those of Premium Class. Returns prior to 10/14/05 are those of Investor Class. Initial offering of Premium Class shares for the Fidelity Extended Market Index was on 10/14/05. Prior returns are those of Investor Class. Initial offering of Institutional Premium Class shares was on 9/8/11. Returns from 10/14/05 to 9/8/11 are those of Premium Class. Returns prior to 10/14/05 are those of Investor Class. Initial offering of Premium Class shares for the Fidelity Total Market Index and Fidelity International Index was on 10/14/05. Prior returns are those of Investor Class. Initial offering of Institutional and Institutional Premium Class shares was on 9/8/11. Returns for Institutional and Institutional Premium Class shares from 10/14/05 to 9/8/11 are those of Premium Class. Returns prior to 10/14/05 are those of Investor Class. Initial offering of Premium, Institutional, and Institutional Premium Class shares for the Fidelity U.S. Bond Index was on 5/4/11. Prior returns for Premium, Institutional, and Institutional Premium Class shares are those of Investor Class. Initial offering of Institutional Premium Class shares for the Fidelity Freedom Index s (Income, ) was on 6/24/15. Prior returns are those of Investor Class. Initial offering of the Institutional Class and Institutional Premium Class for the Fidelity Intermediate Treasury Bond Index, Fidelity Long-Term Treasury Bond Index, and Fidelity Short-Term Treasury Bond Index was 10/4/17. Prior returns are those of the Premium Class. Fidelity Investments Institutional Services Company, Inc. 500 Salem Street Smithfield, RI Page 9 / 9