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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Corporate Backed TR Ctfs 2004-4 Goldman Sachs Cap I Deb CL A-1 | NYSE:JZC | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 25.50 | 0.00 | 01:00:00 |
Fund /Ticker
Fidelity ® Ohio Municipal Income Fund /FOHFX
Summary Prospectus
March 1, 2014
Fund:
Fidelity
®
Ohio Municipal Income Fund
The fund seeks a high level of current income exempt from federal income tax and Ohio personal income tax.
The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund.
Shareholder fees
|
|
||||||
Redemption fee on shares held less than 30 days (as a % of amount redeemed) |
0.50% |
Annual operating expenses
(expenses that you pay each year as a % of the value of your investment)
Management fee |
0.36% |
Distribution and/or Service (12b-1) fees |
None |
Other expenses |
0.12% |
Total annual operating expenses |
0.48% |
This example helps compare the cost of investing in the fund with the cost of investing in other funds.
Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated:
1 year |
$ 49 |
3 years |
$ 154 |
5 years |
$ 269 |
10 years |
$ 604 |
The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 17% of the average value of its portfolio.
Summary Prospectus
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Unlike individual debt securities, which typically pay principal at maturity, the value of an investment in the fund will fluctuate. You could lose money by investing in the fund.
The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index and an additional index over various periods of time. The indexes have characteristics relevant to the fund's investment strategies. Index descriptions appear in the Additional Index Information section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.
Visit www.fidelity.com for updated return information.
Summary Prospectus
Fund Summary - continued
Calendar Years |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
|
4.44% |
2.90% |
4.47% |
3.59% |
-1.62% |
11.11% |
1.95% |
9.62% |
7.14% |
-3.16% |
During the periods shown in the chart: |
Returns |
Quarter ended |
Highest Quarter Return |
5.93% |
September 30, 2009 |
Lowest Quarter Return |
-3.57% |
December 31, 2010 |
After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.
For the periods ended
|
Past 1
|
Past 5
|
Past 10
|
Fidelity Ohio Municipal Income Fund |
|
|
|
Return Before Taxes |
-3.16% |
5.20% |
3.96% |
Return After Taxes on Distributions |
-3.42% |
5.13% |
3.85% |
Return After Taxes on Distributions and Sale of Fund Shares |
-0.18% |
4.93% |
3.96% |
Barclays
®
Municipal Bond Index
|
-2.55% |
5.89% |
4.29% |
Barclays
®
Ohio 4+ Year Enhanced Modified Municipal Bond Index
|
-2.56% |
6.10% |
4.59% |
FMR (the Adviser) is the fund's manager. Fidelity Investments Money Management, Inc. (FIMM) and other investment advisers serve as sub-advisers for the fund.
Summary Prospectus
Jamie Pagliocco (portfolio manager) has managed the fund since July 2006.
You may buy or sell shares through a Fidelity brokerage or mutual fund account, or through an investment professional. You may buy or sell shares in various ways:
The price to buy one share is its net asset value per share (NAV). Shares will be bought at the NAV next calculated after your investment is received in proper form.
The price to sell one share is its NAV, minus the short-term redemption fee, if applicable. Shares will be sold at the NAV next calculated after an order is received in proper form, minus the short-term redemption fee, if applicable.
The fund is open for business each day the New York Stock Exchange (NYSE) is open.
Initial Purchase Minimum |
$10,000 |
The fund may waive or lower purchase minimums.
The fund seeks to earn income and pay dividends exempt from federal income tax and Ohio personal income tax. A portion of the dividends you receive may be subject to federal, state, or local income tax and may also be subject to the federal alternative minimum tax. You may also receive taxable distributions attributable to the fund's sale of municipal bonds.
The fund, the Adviser, Fidelity Distributors Corporation (FDC), and/or their affiliates may pay intermediaries, which may include banks, broker-dealers, retirement plan sponsors, administrators, or service-providers (who may be affiliated with the Adviser or FDC), for the sale of fund shares and related services. These payments may create a conflict of interest by influencing your intermediary and your investment professional to recommend the fund over another investment. Ask your investment professional or visit your intermediary's web site for more information.
Summary Prospectus
Current regulations allow Fidelity to send a single copy of shareholder documents for Fidelity funds, such as prospectuses, annual and semiannual reports, and proxy materials, to certain mutual fund customers whom we believe are members of the same family who share the same address. We will not send multiple copies of these documents to you and members of your family who share the same address. Instead, we will send only a single copy of these documents. This will continue for as long as you are a shareholder, unless you notify us otherwise. If at any time you choose to receive individual copies of any documents, please call 1-800-544-8544. We will begin sending individual copies to you within 30 days of receiving your call.
FDC is a member of the Securities Investor Protection Corporation (SIPC). You may obtain information about SIPC, including the SIPC brochure, by visiting www.sipc.org or calling SIPC at 202-371-8300.
Fidelity, Fidelity Investments & Pyramid Design, and FAST are registered service marks of FMR LLC. © 2014 FMR LLC. All rights reserved.
The third-party marks appearing above are the marks of their respective owners.
1.923301.103 OFR-SUM-0214
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