Description

The Fidelity Connecticut Municipal Income Fund primarily invests in high-quality municipal bonds, dedicating at least 80% of its assets to these securities. The interest earned from these investments is exempt from both federal and Connecticut personal income taxes. The fund strategically distributes its holdings across various market sectors and bond maturities. A notable characteristic is its ability to allocate more than 25% of its total assets to municipal securities financing similar project categories. Additionally, as a non-diversified fund, it may concentrate its investments, potentially leading to increased volatility compared to diversified funds.