ASSET CLASSES

Municipal bonds

Help clients navigate today's complex municipal bond market with Fidelity's robust fund offerings, designed to generate income.

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Municipal bond capabilities that focus on generating income and preserving wealth

Balance income potential against risk

Our portfolio managers seek bonds whose yields are aligned with risk tolerance.

Focus on high quality

We invest primarily in a broad range of investment-grade municipal bonds to help lower volatility and preserve capital.

Provide a consistent experience

Fidelity's municipal bond funds target volatility in line with an investor's expectations of a core bond fund.

Browse our lineup of Fidelity Municipal Mutual Funds and ETFs

Fidelity Systematic Municipal Index ETF

Seeks exposure to U.S. investment-grade municipal bonds with attractive risk-adjusted performance and liquidity characteristics relative to the broader municipal bond universe.

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Fidelity Municipal Bond Opportunities ETF

Seeks to provide a high current yield exempt from federal income tax. Growth of capital may also be considered.

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  • National Municipal Funds
  • State Municipal Funds
  • Money Market Municipal Funds
FIDELITY FUNDS
FMNDX

Fidelity® Conservative Income Municipal Bond Fund

FLTMX

Fidelity® Intermediate Municipal Income Fund

FSTFX

Fidelity® Limited Term Municipal Income Fund

FMBAX

Fidelity® Municipal Core Plus Bond Fund

FHIGX

Fidelity® Municipal Income Fund

FSIKX

Fidelity® Sustainable Intermediate Municipal Income Fund

FTABX

Fidelity® Tax-Free Bond Fund

FIDELITY ADVISOR FUNDS
FMNGX

Fidelity Advisor® Conservative Income Municipal Bond Fund - Class I

FZIIX

Fidelity Advisor® Intermediate Municipal Income Fund - Class I

FISHX

Fidelity Advisor® Limited Term Municipal Income Fund - Class I

FMBGX

Fidelity Advisor® Municipal Core Plus Bond Fund - Class I

FAMYX

Fidelity Advisor® Municipal Income 2025 Fund - Class I

FROGX

Fidelity Advisor® Municipal Income Fund - Class I

FASUX

Fidelity Advisor® Sustainable Intermediate Municipal Income Fund - Class I

FIDELITY FUNDS
FSAZX

Fidelity® Arizona Municipal Income Fund

FCSTX

Fidelity® California Limited Term Tax-Free Bond Fund

FCTFX

Fidelity® California Municipal Income Fund

FICNX

Fidelity® Connecticut Municipal Income Fund

SMDMX

Fidelity® Maryland Municipal Income Fund

FDMMX

Fidelity® Massachusetts Municipal Income Fund

FMHTX

Fidelity® Michigan Municipal Income Fund

FIMIX

Fidelity® Minnesota Municipal Income Fund

FMBAX

Fidelity® Municipal Core Plus Bond Fund

FIMSX

Fidelity® Municipal Income 2025 Fund

FNJHX

Fidelity® New Jersey Municipal Income Fund

FTFMX

Fidelity® New York Municipal Income Fund

FOHFX

Fidelity® Ohio Municipal Income Fund

FPXTX

Fidelity® Pennsylvania Municipal Income Fund

FIDELITY ADVISOR FUNDS
FCMQX

Fidelity Advisor® California Municipal Income Fund - Class I

FEMIX

Fidelity Advisor® New York Municipal Income Fund - Class I

FABBX

Fidelity California Municipal Money Market Fund

FSBXX

Fidelity California Municipal Money Market Fund - Institutional Class

FSPXX

Fidelity California Municipal Money Market Fund - Premium Class

FAUXX

Fidelity Massachusetts Municipal Money Market Fund

FMAXX

Fidelity Massachusetts Municipal Money Market Fund - Institutional Class

FMSXX

Fidelity Massachusetts Municipal Money Market Fund - Premium Class

FTEXX

Fidelity Municipal Money Market Fund

FAYXX

Fidelity New Jersey Municipal Money Market Fund

FSKXX

Fidelity New Jersey Municipal Money Market Fund - Institutional Class

FSJXX

Fidelity New Jersey Municipal Money Market Fund - Premium Class

FAWXX

Fidelity New York Municipal Money Market Fund

FNKXX

Fidelity New York Municipal Money Market Fund - Institutional Class

FSNXX

Fidelity New York Municipal Money Market Fund - Premium Class

FMOXX

Fidelity Tax-Exempt Money Market Fund

FERXX

Fidelity Tax-Exempt Money Market Fund - Capital Reserves Class

FDEXX

Fidelity Tax-Exempt Money Market Fund - Daily Money Class

FZEXX

Fidelity Tax-Exempt Money Market Fund - Premium Class

FTCXX

FIMM Tax Exempt Portfolio - Class I

FEXXX

FIMM Tax Exempt Portfolio - Class II

FETXX

FIMM Tax Exempt Portfolio - Class III

FSXXX

FIMM Tax Exempt Portfolio - Select Class

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Why Fidelity? Our municipal bond fund managers weigh in

Watch our portfolio managers outline the key advantages of municipal bond funds and Fidelity's unique asset class capabilities - from a broad array of funds to our large research teams and experienced traders.

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Hear from our portfolio management team

Portfolio manager Elizah McLaughlin breaks down the basics of municipal bond funds.

Municipal bonds: Fundamentals for investors

Explore the potential benefits of municipal bond funds and how Fidelity's investment process can help improve client outcomes.

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Browse our lineup of fixed income investment solutions

Fidelity active fixed income ETFs

The power of active management meets the flexibility of ETFs.

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Fidelity short duration fund lineup

A range of short-term bond funds across the risk spectrum.

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PERSPECTIVE
Fixed income at Fidelity

Gain access to Fidelity experts in an exploration of Fidelity Fixed Income.

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Related resources

Brochure

Fixed Income Investor Basics

Flyer

Investing in Fixed Income with Fidelity's Active ETFs

Fixed income insights & research

COMMENTARY
Fixed Income Monthly Commentary
This report covers the U.S. economic and Treasury markets plus a detailed review of the investment-grade and high-yield sectors.
SERIES
Quarterly Market Update
Fidelity's Asset Allocation Research Team (AART) examines major themes in the global financial markets and presents an investment outlook for the quarter.

Want to know more?

Let’s talk about investing in Fidelity’s municipal bond funds.

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