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FIMRX First Investors Tax Exempt MN Instl

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Fund FIMRX First Investors Tax Exempt MN Instl FIMIX Fidelity® Minnesota Municipal Income  
100% 91%
Annual Fees
(0.80% Exp. Ratio)
(0.50% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.08% annual return
$14,574.13 $15,956.04
Est. savings over 30 yrs +$1,381.90
As of 9/30/16
1 YR RETURN 3.14%
3 YR 3.99%
5 YR 3.42%
10 YR 4.06%
1 YR RETURN 4.61%
3 YR 4.41%
5 YR 3.61%
10 YR 4.09%
The investment seeks a high level of interest income that is exempt from both federal and state income tax for individual residents of the state of Minnesota; it also seeks income that is not a tax preference item for purposes of the federal alternative minimum tax. At least 80% of the fund's net assets (plus any borrowings for investment purposes) will be invested in municipal securities that pay interest that is exempt from federal income tax and is not a Tax Preference Item, and any applicable state income tax for individual residents of the state of Minnesota. However, the fund typically attempts to invest all of its assets in such securities.
The investment seeks a high level of current income exempt from federal income tax and Minnesota personal income tax. The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and Minnesota personal income taxes. It manages the fund to have similar overall interest rate risk to an index designed to represent Fidelity Management & Research Company's view of how the fund's competitive universe will perform over time. The fund allocates assets across different market sectors and maturities. It is non-diversified.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

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