Fidelity Minnesota Municipal Income Fund (FIMIX) Fund Overview
Educational signal · not a buy or sell recommendation · How to read this
Beta 0.90: the stock has moved about 10% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 16, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerFidelity Minnesota Municipal Income Fund (FIMIX) trades at $10.55. Fidelity Minnesota Municipal Income Fund primarily invests in investment-grade municipal securities exempt from federal and Minnesota personal income taxes. Sector: Financials.
Price as of · Last analyzed: Mar 16, 2026Analyst Coverage for FIMIX: FIMIX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
Fidelity Minnesota Municipal Income Fund (FIMIX) Financial Services Profile
Fidelity Minnesota Municipal Income Fund (FIMIX) is a non-diversified, closed-end management investment company focused on providing income exempt from federal and Minnesota personal income taxes by investing primarily in investment-grade municipal securities, managing interest rate risk relative to its competitive set.
What Is the Investment Thesis for FIMIX?
Fidelity Minnesota Municipal Income Fund presents a focused investment vehicle for income-seeking investors in Minnesota, offering tax-exempt returns through municipal bonds. With a beta of 0.90, the fund exhibits slightly less volatility than the broader market. However, the absence of a dividend yield may deter some investors. The fund's strategy of mirroring the interest rate risk of its competitive universe aims to provide stable returns relative to its peers. Key value drivers include the fund's ability to efficiently manage its portfolio and capitalize on opportunities within the Minnesota municipal bond market. Potential catalysts include changes in Minnesota tax laws or increased demand for tax-exempt income. A key risk is the fund's non-diversified nature, which could amplify the impact of adverse events affecting specific issuers.
Based on FMP financials and quantitative analysis
FIMIX Key Highlights
The fund invests at least 80% of its assets in investment-grade municipal securities.
- The fund's investments are exempt from federal and Minnesota personal income taxes.
- The fund is managed to have similar overall interest rate risk to its competitive universe.
- The fund allocates assets across different market sectors and maturities.
- The fund is non-diversified, which may lead to higher volatility.
Who Are FIMIX's Competitors?
FIMIX is benchmarked below against 6 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| BGB Blackstone/GSO Strategic Credit Fund | $11.05 | -0.72% | $497M | — |
| EARRX Eaton Vance Short Duration Inflation-Protected Income Fund | $9.69 | -0.10% | $531M | — |
| FMHTX Fidelity Michigan Municipal Income Fund | $10.99 | -0.18% | $490M | — |
| FNJHX Fidelity New Jersey Municipal Income Fund | $11.04 | -0.27% | $710M | — |
| FOHFX Fidelity Ohio Municipal Income Fund | $10.93 | -0.18% | $500M | — |
| EICA Eagle Point Income Company Inc. | $25.00 | +0.12% | $234M | 36 5-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are FIMIX's Key Strengths?
Tax-exempt income for Minnesota residents.
- Experienced management team at Fidelity.
- Focus on investment-grade municipal securities.
- Established track record in the municipal bond market.
What Are FIMIX's Weaknesses?
Non-diversified investment approach.
- Limited geographic focus on Minnesota.
- Sensitivity to interest rate changes.
- Lack of dividend yield may deter some investors.
What Are the Key Risks for FIMIX?
Rising interest rates could decrease the value of the fund's bond holdings.
- Credit downgrades of municipal issuers could negatively impact the fund's performance.
- Changes in federal or state tax laws could reduce the attractiveness of tax-exempt investments.
- The fund's non-diversified investment approach could amplify the impact of adverse events affecting specific issuers.
What Are FIMIX's Competitive Advantages?
- Tax-exempt status of its investments provides a unique advantage.
- Established presence and expertise in the Minnesota municipal bond market.
- Part of the Fidelity Investments family, benefiting from brand recognition and distribution network.
What Does FIMIX Do?
Fidelity Minnesota Municipal Income Fund, operating within the financial services sector, specializes in asset management with a focus on income generation through municipal securities. The fund's core strategy involves investing at least 80% of its assets in investment-grade municipal bonds. These securities are specifically chosen for their interest being exempt from both federal and Minnesota personal income taxes, making the fund attractive to investors seeking tax-advantaged income. Fidelity Management & Research Company manages the fund, aiming to maintain an overall interest rate risk profile similar to that of a benchmark representing the fund's competitive landscape. This involves strategic asset allocation across various market sectors and maturities within the municipal bond market. As a non-diversified fund, FIMIX can concentrate its investments in a smaller number of issuers, which may lead to higher volatility compared to more diversified funds. The fund's investment approach reflects Fidelity's view of the competitive universe and seeks to deliver consistent, tax-exempt income to its shareholders.
What Products and Services Does FIMIX Offer?
- Invests primarily in investment-grade municipal securities.
- Seeks income exempt from federal and Minnesota personal income taxes.
- Manages interest rate risk to align with its competitive universe.
- Allocates assets across various market sectors and maturities.
- Operates as a non-diversified investment fund.
How Does FIMIX Make Money?
- Generates income through interest earned on municipal bond holdings.
- Manages a portfolio of municipal securities to optimize returns.
- Provides tax-exempt income to investors in Minnesota.
- Charges management fees based on assets under management.
What Industry Does FIMIX Operate In?
Fidelity Minnesota Municipal Income Fund operates within the asset management industry, specifically focusing on municipal income funds. This segment caters to investors seeking tax-advantaged income streams. The market for municipal bonds is influenced by factors such as interest rates, tax policies, and the creditworthiness of municipal issuers. Competition in this space includes other municipal bond funds with similar investment objectives, such as BGB and EARRX. The fund's performance is closely tied to the overall health of the municipal bond market and its ability to effectively manage interest rate risk.
Who Are FIMIX's Key Customers?
- Individual investors seeking tax-advantaged income.
- Financial advisors looking for municipal bond funds for their clients.
- Institutions seeking exposure to the Minnesota municipal bond market.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is a fund, not an operating company
MoonshotScore History
Recorded daily since 2026-08-23 · 41 snapshots
| 2026-08-23 | 49 |
| 2026-08-31 | 49 |
| 2026-09-08 | 49 |
| 2026-09-16 | 49 |
| 2026-09-24 | 49 |
| 2026-10-04 | 49 |
What changed?
The score has stayed at 49.
Over the same 30 days the stock moved -3.2%.
FIMIX Financials
Bull Case vs Bear Case
Bull Case
- Tax-exempt income for Minnesota residents.
- Experienced management team at Fidelity.
- Focus on investment-grade municipal securities.
- Established track record in the municipal bond market.
Bear Case
- Non-diversified investment approach.
- Limited geographic focus on Minnesota.
- Sensitivity to interest rate changes.
- Lack of dividend yield may deter some investors.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
FIMIX Latest News
No recent news available for FIMIX.
FIMIX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for FIMIX.
Price Targets
Wall Street price target analysis for FIMIX.
FIMIX MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for FIMIX; grades run from A+ (80-100) to F (below 30).
Fidelity Minnesota Municipal Income Fund Financials Stock: Key Questions Answered
What are the main risks for FIMIX?
The main risks for Fidelity Minnesota Municipal Income Fund include interest rate risk, credit risk, and the risk associated with its non-diversified investment approach. Rising interest rates could decrease the value of the fund's bond holdings.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- The information provided is based on available data and is subject to change.
- Investment decisions should be made after consulting with a qualified financial advisor.