NPORT-EX 2 QTLY_70_20231031.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Massachusetts Municipal Income Fund
October 31, 2023
MFL-NPRT3-1223
1.809072.120
Municipal Bonds - 89.5%
 
 
Principal
Amount (a)
 
Value ($)
 
Massachusetts - 87.8%
 
 
 
Acton & Boxborough Reg'l. School District Series 2020:
 
 
 
 3% 3/1/34
 
1,485,000
1,307,225
 3% 3/1/35
 
2,130,000
1,832,452
Ashland Gen. Oblig. Series 2022, 4% 8/1/39
 
1,685,000
1,593,564
Attleboro Gen. Oblig.:
 
 
 
 Series 2020 B, 3% 10/15/36
 
2,630,000
2,145,741
 Series 2020, 2.625% 10/15/50
 
6,880,000
4,107,944
 Series 70 B, 5% 10/15/29
 
1,585,000
1,682,288
Berkshire Wind Pwr. Coop. Corp. Series 2017 2:
 
 
 
 5% 7/1/25
 
505,000
513,582
 5% 7/1/26
 
925,000
948,821
 5% 7/1/27
 
700,000
726,119
 5% 7/1/30
 
480,000
498,861
Boston Gen. Oblig. Series 2020 A, 2% 11/1/39
 
2,495,000
1,584,657
Braintree Gen. Oblig.:
 
 
 
 Series 2015, 5% 5/15/28
 
600,000
638,622
 Series 2019, 3% 6/1/35
 
1,765,000
1,492,889
Cambridge Gen. Oblig. Series 12, 5% 1/1/24
 
340,000
340,343
Framingham Gen. Oblig. Series 2012 A, 4% 12/1/24
 
1,360,000
1,360,268
Hingham Gen. Oblig. Series 2020, 3% 2/15/38
 
1,615,000
1,278,501
Lowell Gen. Oblig.:
 
 
 
 Series 2019, 5% 9/1/29
 
700,000
742,077
 Series 2023, 4.25% 9/1/53
 
9,915,000
8,587,705
Ludlow Gen. Oblig. Series 2019, 3% 2/1/49
 
1,885,000
1,233,744
Lynn Wtr. & Swr. Commission Gen. Rev. Series 2003 A, 5% 12/1/32 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
440,000
440,193
Massachusetts Clean Wtr. Trust:
 
 
 
 Series 2021 23A:
 
 
 
5% 2/1/39
 
 
5,000,000
5,248,188
5% 2/1/40
 
 
4,750,000
4,968,976
 Series 2021 23B, 5% 2/1/39
 
12,940,000
13,582,311
 Series 2021 B, 5% 2/1/41
 
2,000,000
2,081,568
 Series 22, 5% 8/1/37
 
4,110,000
4,313,376
Massachusetts Commonwealth Trans. Fund Rev.:
 
 
 
 (Rail Enhacement Prog.) Series 2022 A, 5% 6/1/50
 
3,500,000
3,527,452
 (Rail Enhancement & Accelerated Bridge Programs) Series 2019 A, 5% 6/1/49
 
19,600,000
19,322,407
 (Rail Enhancement & Accelerated Bridge Progs.) Series 2018 A, 5.25% 6/1/43
 
14,575,000
14,900,071
 (Rail Enhancement Prog.) Series 2021 B:
 
 
 
5% 6/1/41
 
 
6,000,000
6,091,184
5% 6/1/42
 
 
15,370,000
15,669,228
 Series 2021 A:
 
 
 
5% 6/1/41
 
 
8,140,000
8,363,367
5% 6/1/42
 
 
5,750,000
5,876,208
5% 6/1/43
 
 
3,000,000
3,056,325
5% 6/1/51
 
 
5,435,000
5,462,605
 Series 2021 B, 5% 6/1/46
 
7,615,000
7,694,895
 Series 2022 B, 5% 6/1/52
 
20,000,000
20,138,802
 Series 2023 B:
 
 
 
5% 6/1/47
 
 
8,000,000
8,099,153
5% 6/1/48
 
 
7,350,000
7,427,787
5% 6/1/49
 
 
5,000,000
5,049,311
Massachusetts Dept. of Trans. Metropolitan Hwy. Sys. Rev. Series A, 5% 1/1/37
 
2,000,000
2,060,924
Massachusetts Dev. Fin. Agcy. Rev.:
 
 
 
 (Boston College Proj.) Series T:
 
 
 
5% 7/1/37
 
 
1,415,000
1,450,539
5% 7/1/42
 
 
2,805,000
2,832,445
 (Broad Institute Proj.) Series 2017:
 
 
 
5% 4/1/33
 
 
10,145,000
10,506,259
5% 4/1/34
 
 
2,500,000
2,571,978
5% 4/1/37
 
 
1,500,000
1,519,963
 (Lesley Univ. Proj.) Series 2016:
 
 
 
5% 7/1/29
 
 
1,640,000
1,646,112
5% 7/1/32
 
 
1,905,000
1,906,320
 (Newbridge On The Charles Proj.) Series 2017:
 
 
 
4% 10/1/24 (b)
 
 
500,000
492,775
4% 10/1/25 (b)
 
 
500,000
484,860
4% 10/1/26 (b)
 
 
500,000
476,938
4% 10/1/27 (b)
 
 
350,000
328,323
4% 10/1/32 (b)
 
 
1,250,000
1,076,935
4.125% 10/1/42 (b)
 
 
6,000,000
4,398,150
5% 10/1/37 (b)
 
 
2,000,000
1,783,466
5% 10/1/47 (b)
 
 
2,500,000
2,042,695
5% 10/1/57 (b)
 
 
8,670,000
6,790,459
 (Partners Healthcare Sys., Inc. Proj.) Series 2017 S:
 
 
 
5% 7/1/25
 
 
1,000,000
1,009,281
5% 7/1/31
 
 
21,180,000
21,916,494
5% 7/1/32
 
 
985,000
1,018,086
5% 7/1/34
 
 
750,000
773,892
 (Suffolk Univ. Proj.) Series 2017:
 
 
 
5% 7/1/24
 
 
2,000,000
2,004,211
5% 7/1/25
 
 
1,500,000
1,506,274
5% 7/1/26
 
 
1,935,000
1,946,986
5% 7/1/27
 
 
2,085,000
2,105,325
5% 7/1/28
 
 
4,300,000
4,343,733
 (Suffolk Univ., Proj.) Series 2017, 5% 7/1/32
 
1,000,000
1,004,791
 (UMASS Boston Student Hsg. Proj.) Series 2016:
 
 
 
5% 10/1/29
 
 
3,120,000
3,115,125
5% 10/1/30
 
 
1,100,000
1,097,409
5% 10/1/31
 
 
1,200,000
1,196,072
5% 10/1/32
 
 
1,240,000
1,231,151
5% 10/1/33
 
 
1,235,000
1,220,701
 (UMass Memorial Health Care Proj.) Series K:
 
 
 
5% 7/1/28
 
 
1,260,000
1,271,650
5% 7/1/29
 
 
1,320,000
1,331,954
5% 7/1/30
 
 
1,390,000
1,402,098
5% 7/1/38
 
 
10,850,000
10,352,142
 (Univ. of Massachusetts Health Cr., Inc. Proj.) Series 2017 L, 4% 7/1/44
 
7,000,000
5,558,192
 (Wentworth Institute of Technology Proj.) Series 2017:
 
 
 
5% 10/1/34
 
 
1,425,000
1,404,690
5% 10/1/35
 
 
1,495,000
1,463,958
5% 10/1/46
 
 
4,250,000
3,733,155
 (Wheaton College, MA. Proj.) Series 2017 H:
 
 
 
5% 1/1/29
 
 
1,435,000
1,441,150
5% 1/1/31
 
 
1,580,000
1,580,982
5% 1/1/32
 
 
1,665,000
1,662,884
5% 1/1/33
 
 
1,745,000
1,738,333
5% 1/1/34
 
 
1,835,000
1,820,716
5% 1/1/35
 
 
1,000,000
987,279
5% 1/1/36
 
 
1,000,000
977,844
5% 1/1/42
 
 
5,775,000
5,276,633
5% 1/1/47
 
 
1,895,000
1,673,053
5% 1/1/53
 
 
4,275,000
3,672,810
 Bonds Series A1, 5%, tender 1/31/30 (c)
 
15,280,000
16,206,084
 Series 2008 B:
 
 
 
0% 1/1/37 (Assured Guaranty Corp. Insured)
 
 
1,745,000
923,366
0% 1/1/40 (Assured Guaranty Corp. Insured)
 
 
5,000,000
2,162,567
0% 1/1/41 (Assured Guaranty Corp. Insured)
 
 
5,000,000
2,034,837
0% 1/1/42 (Assured Guaranty Corp. Insured)
 
 
5,000,000
1,922,339
 Series 2013 F:
 
 
 
4% 7/1/32
 
 
2,050,000
1,877,654
4% 7/1/43
 
 
21,685,000
18,355,669
5% 7/1/27
 
 
1,300,000
1,300,119
5% 7/1/37
 
 
3,925,000
3,877,297
 Series 2013 G, 5% 7/1/44
 
10,360,000
8,825,308
 Series 2014 A:
 
 
 
5% 3/1/32
 
 
1,700,000
1,705,573
5% 3/1/33
 
 
1,250,000
1,254,015
5% 3/1/34
 
 
4,375,000
4,388,475
5% 3/1/39
 
 
4,000,000
4,004,548
 Series 2014 F:
 
 
 
5% 7/15/24
 
 
400,000
400,097
5% 7/15/25
 
 
550,000
549,994
5% 7/15/26
 
 
500,000
500,046
5% 7/15/27
 
 
200,000
200,030
5% 7/15/28
 
 
320,000
320,060
5.625% 7/15/36
 
 
800,000
720,948
5.75% 7/15/43
 
 
4,700,000
4,213,965
 Series 2015 D, 5% 7/1/44
 
5,975,000
5,554,263
 Series 2015 H1:
 
 
 
5% 7/1/26
 
 
3,585,000
3,627,949
5% 7/1/29
 
 
3,750,000
3,792,704
5% 7/1/30
 
 
1,800,000
1,820,343
5% 7/1/31
 
 
1,190,000
1,202,749
5% 7/1/32
 
 
1,000,000
1,010,866
5% 7/1/33
 
 
1,000,000
1,010,580
 Series 2015 K, 4% 10/1/30
 
500,000
470,784
 Series 2015 Q:
 
 
 
5% 8/15/28
 
 
1,000,000
1,018,000
5% 8/15/29
 
 
1,000,000
1,017,827
5% 8/15/32
 
 
1,500,000
1,525,185
5% 8/15/33
 
 
1,550,000
1,574,687
5% 8/15/34
 
 
1,790,000
1,815,116
5% 8/15/38
 
 
1,690,000
1,704,149
 Series 2015:
 
 
 
5% 1/1/25
 
 
3,525,000
3,531,019
5% 1/1/27
 
 
2,695,000
2,707,204
5% 1/1/28
 
 
1,850,000
1,858,864
5% 1/1/29
 
 
2,945,000
2,958,906
 Series 2016 A:
 
 
 
5% 1/1/31
 
 
5,000
5,030
5.25% 1/1/42
 
 
7,000,000
6,712,779
 Series 2016 E:
 
 
 
5% 7/1/31
 
 
1,000,000
1,020,533
5% 7/1/32
 
 
2,200,000
2,244,956
5% 7/1/33
 
 
1,500,000
1,512,281
5% 7/1/34
 
 
1,500,000
1,509,902
5% 7/1/35
 
 
1,500,000
1,506,052
5% 7/1/36
 
 
1,000,000
1,000,140
5% 7/1/37
 
 
2,000,000
1,967,978
 Series 2016 I:
 
 
 
4% 7/1/36
 
 
9,705,000
8,387,768
5% 7/1/25
 
 
510,000
511,890
5% 7/1/27
 
 
1,150,000
1,161,173
5% 7/1/27
 
 
1,100,000
1,106,851
5% 7/1/29
 
 
1,680,000
1,687,928
5% 7/1/30
 
 
2,400,000
2,410,608
5% 7/1/31
 
 
2,500,000
2,510,634
5% 7/1/32
 
 
1,960,000
1,968,148
5% 7/1/37
 
 
1,470,000
1,452,604
5% 7/1/38
 
 
1,000,000
984,723
5% 7/1/41
 
 
14,790,000
13,694,666
 Series 2016 N, 5% 12/1/34
 
1,000,000
1,008,953
 Series 2016:
 
 
 
4% 10/1/36
 
 
1,250,000
1,130,268
5% 7/1/26
 
 
1,710,000
1,724,745
5% 7/1/29
 
 
2,000,000
2,019,393
5% 7/1/30
 
 
2,000,000
2,018,792
5% 7/1/31
 
 
1,700,000
1,715,688
5% 10/1/32
 
 
1,760,000
1,781,410
5% 9/1/33
 
 
475,000
483,375
5% 10/1/33
 
 
1,500,000
1,518,653
5% 10/1/34
 
 
1,500,000
1,519,344
5% 9/1/35
 
 
375,000
381,612
5% 10/1/35
 
 
1,500,000
1,517,517
5% 7/1/36
 
 
3,000,000
3,009,318
5% 9/1/36
 
 
315,000
319,548
5% 9/1/37
 
 
840,000
847,088
5% 10/1/37
 
 
2,000,000
2,006,452
5% 10/1/39
 
 
5,000,000
4,966,246
5% 7/1/40
 
 
5,325,000
5,268,454
5% 7/1/41
 
 
5,145,000
4,835,746
5% 10/1/43
 
 
5,000,000
4,601,811
5% 9/1/46
 
 
3,235,000
3,218,572
5% 10/1/48
 
 
6,000,000
5,208,083
 Series 2017 A:
 
 
 
5% 1/1/35
 
 
2,000,000
2,003,556
5% 1/1/40
 
 
1,000,000
947,547
 Series 2017 H:
 
 
 
5% 1/1/24
 
 
260,000
260,314
5% 1/1/24 (Escrowed to Maturity)
 
 
840,000
841,376
 Series 2017:
 
 
 
5% 7/1/25
 
 
1,105,000
1,118,087
5% 7/1/26
 
 
160,000
160,584
5% 7/1/27
 
 
1,000,000
1,029,734
5% 10/1/28
 
 
465,000
480,344
5% 10/1/29
 
 
735,000
755,994
5% 7/1/37
 
 
600,000
577,866
5% 7/1/42
 
 
2,110,000
1,931,858
5% 10/1/42
 
 
4,000,000
4,005,850
5% 7/1/47
 
 
2,250,000
1,991,650
5% 10/1/47
 
 
5,510,000
5,378,860
 Series 2018 J2, 5% 7/1/48
 
2,365,000
2,274,462
 Series 2018:
 
 
 
5% 9/1/27
 
 
1,010,000
1,003,539
5% 9/1/29
 
 
1,390,000
1,370,520
5% 1/1/30
 
 
10,000
10,094
5% 9/1/31
 
 
1,530,000
1,496,324
5% 9/1/33
 
 
1,185,000
1,151,865
5% 9/1/38
 
 
4,805,000
4,381,988
5% 6/1/43
 
 
4,740,000
4,737,476
5% 9/1/43
 
 
4,445,000
3,871,729
 Series 2019 A:
 
 
 
5% 7/1/30
 
 
1,350,000
1,323,074
5% 7/1/31
 
 
1,350,000
1,319,247
5% 7/1/32
 
 
2,000,000
1,947,885
5% 7/1/33
 
 
2,300,000
2,226,721
5% 7/1/34
 
 
1,015,000
1,004,956
5% 7/1/36
 
 
1,120,000
1,087,042
5% 7/1/38
 
 
735,000
692,777
5% 7/1/44
 
 
2,250,000
2,014,759
5% 7/1/49
 
 
7,250,000
6,289,573
 Series 2019 K:
 
 
 
5% 7/1/24
 
 
500,000
502,354
5% 7/1/25
 
 
1,250,000
1,265,205
5% 7/1/26
 
 
1,250,000
1,274,898
5% 7/1/33
 
 
2,000,000
2,056,394
5% 7/1/35
 
 
2,135,000
2,179,428
 Series 2019 S1:
 
 
 
5% 10/1/25
 
 
1,965,000
2,003,457
5% 10/1/26
 
 
2,535,000
2,618,161
 Series 2019 S2:
 
 
 
5% 10/1/32
 
 
1,410,000
1,480,216
5% 10/1/33
 
 
1,935,000
2,025,595
 Series 2020 A:
 
 
 
4% 7/1/39
 
 
2,455,000
2,053,418
4% 7/1/40
 
 
7,920,000
6,531,682
 Series 2021 A:
 
 
 
4% 7/1/34
 
 
1,000,000
930,447
4% 7/1/35
 
 
1,000,000
919,729
4% 7/1/36
 
 
825,000
751,721
4% 7/1/37
 
 
1,000,000
897,508
4% 7/1/38
 
 
700,000
618,039
4% 7/1/39
 
 
1,400,000
1,225,550
5% 7/1/32
 
 
1,000,000
1,052,846
 Series 2021 B:
 
 
 
4% 7/1/42
 
 
475,000
378,616
4% 7/1/50
 
 
2,135,000
1,571,602
 Series 2021 G, 4% 7/1/46
 
2,795,000
2,242,630
 Series 2021:
 
 
 
4% 7/1/40
 
 
4,160,000
3,313,336
4% 7/1/45
 
 
1,200,000
893,345
4% 7/1/46
 
 
2,150,000
1,643,932
4% 7/1/50
 
 
1,750,000
1,239,560
4% 7/1/51
 
 
2,160,000
1,581,957
 Series 2022:
 
 
 
5% 7/1/37
 
 
800,000
770,487
5% 7/1/42
 
 
740,000
677,524
5% 7/1/52
 
 
2,300,000
1,989,876
 Series 2023 F:
 
 
 
5% 11/1/34
 
 
700,000
749,115
5% 11/1/35
 
 
650,000
691,907
5% 11/1/36
 
 
675,000
710,225
5% 11/1/37
 
 
725,000
752,704
5% 11/1/38
 
 
760,000
782,412
5% 11/1/39
 
 
1,100,000
1,121,890
5% 11/1/40
 
 
850,000
863,153
5% 11/1/42
 
 
950,000
957,247
 Series 2023 N:
 
 
 
5% 10/1/43
 
 
1,750,000
1,562,662
5.25% 10/1/36
 
 
500,000
491,772
5.25% 10/1/37
 
 
545,000
528,286
5.25% 10/1/38
 
 
550,000
527,571
5.25% 10/1/39
 
 
580,000
551,884
 Series B, 0% 1/1/39 (Assured Guaranty Corp. Insured)
 
3,200,000
1,469,729
 Series G:
 
 
 
5% 7/15/24 (b)
 
 
130,000
130,060
5% 7/15/25 (b)
 
 
120,000
118,434
5% 7/15/26 (b)
 
 
160,000
156,880
5% 7/15/27 (b)
 
 
340,000
330,880
5% 7/1/28
 
 
350,000
359,936
5% 7/15/28 (b)
 
 
350,000
337,632
5% 7/15/29 (b)
 
 
1,565,000
1,491,841
5% 7/1/30
 
 
225,000
233,520
5% 7/15/30 (b)
 
 
670,000
630,280
5% 7/15/31 (b)
 
 
1,025,000
937,550
5% 7/15/32 (b)
 
 
820,000
754,543
5% 7/1/33
 
 
550,000
562,719
5% 7/15/33 (b)
 
 
320,000
289,949
5% 7/1/34
 
 
1,300,000
1,324,712
5% 7/15/34 (b)
 
 
300,000
267,516
5% 7/15/35 (b)
 
 
270,000
237,390
5% 7/1/36
 
 
475,000
477,926
5% 7/15/36 (b)
 
 
235,000
204,488
5% 7/1/37
 
 
1,275,000
1,269,413
5% 7/15/37 (b)
 
 
250,000
215,283
5% 7/15/46 (b)
 
 
9,540,000
7,640,499
5% 7/1/50
 
 
6,700,000
6,085,346
 Series J2:
 
 
 
5% 7/1/43
 
 
11,540,000
11,286,292
5% 7/1/53
 
 
4,500,000
4,268,405
 Series K, 5% 7/1/27
 
1,150,000
1,159,094
Massachusetts Edl. Fing. Auth. Rev.:
 
 
 
 Series 2014 I:
 
 
 
5% 1/1/25 (d)
 
 
2,660,000
2,674,412
5% 1/1/26 (d)
 
 
8,350,000
8,330,661
5% 1/1/27 (d)
 
 
1,000,000
1,001,820
 Series 2015 A, 5% 1/1/25 (d)
 
5,715,000
5,745,963
 Series 2016, 5% 7/1/24 (d)
 
7,120,000
7,148,875
 Series 2017 A:
 
 
 
5% 7/1/24 (d)
 
 
3,000,000
3,012,167
5% 7/1/25 (d)
 
 
4,500,000
4,536,734
5% 7/1/26 (d)
 
 
3,935,000
3,965,988
 Series 2017 B, 4.25% 7/1/46 (d)
 
7,700,000
6,338,615
 Series 2018 B:
 
 
 
5% 7/1/27 (d)
 
 
9,240,000
9,302,125
5% 7/1/28 (d)
 
 
2,325,000
2,345,040
 Series 2019 B:
 
 
 
5% 7/1/24 (d)
 
 
1,000,000
1,004,056
5% 7/1/25 (d)
 
 
1,365,000
1,376,143
5% 7/1/26 (d)
 
 
1,215,000
1,224,568
5% 7/1/28 (d)
 
 
1,000,000
1,008,619
5% 7/1/29 (d)
 
 
3,500,000
3,534,733
 Series 2020 C:
 
 
 
5% 7/1/28 (d)
 
 
2,000,000
2,017,239
5% 7/1/29 (d)
 
 
1,950,000
1,969,351
5% 7/1/30 (d)
 
 
1,950,000
1,974,271
 Series 2021 B:
 
 
 
5% 7/1/27 (d)
 
 
1,950,000
1,963,111
5% 7/1/28 (d)
 
 
1,850,000
1,865,946
5% 7/1/29 (d)
 
 
1,825,000
1,843,111
5% 7/1/30 (d)
 
 
1,125,000
1,139,003
5% 7/1/31 (d)
 
 
1,500,000
1,518,445
 Series 2022 B, 5% 7/1/31 (d)
 
1,000,000
1,012,297
 Series 2023 B:
 
 
 
5% 7/1/30 (d)
 
 
10,000,000
10,124,469
5% 7/1/31 (d)
 
 
6,515,000
6,595,112
5% 7/1/32 (d)
 
 
5,000,000
5,027,902
5% 7/1/33 (d)
 
 
6,500,000
6,510,908
Massachusetts Gen. Oblig.:
 
 
 
 Series 2004 A, 5.5% 8/1/30
 
2,000,000
2,172,842
 Series 2018 B, 5% 1/1/32
 
5,000,000
5,227,214
 Series 2019 A:
 
 
 
5% 1/1/37
 
 
10,000,000
10,370,184
5% 1/1/49
 
 
10,000,000
10,026,641
5.25% 1/1/33
 
 
21,110,000
22,550,601
 Series 2019 D, 3% 5/1/36
 
5,000,000
4,191,385
 Series 2020 C:
 
 
 
3% 3/1/47
 
 
5,810,000
3,945,791
3% 3/1/49
 
 
5,000,000
3,321,743
 Series 2020 D:
 
 
 
3% 7/1/35
 
 
3,000,000
2,567,020
3% 7/1/39
 
 
3,460,000
2,682,826
3% 11/1/42
 
 
3,500,000
2,551,120
4% 11/1/36
 
 
1,500,000
1,452,548
4% 11/1/41
 
 
4,000,000
3,573,104
5% 7/1/48
 
 
18,695,000
18,851,849
 Series 2021 B:
 
 
 
3% 4/1/48
 
 
21,500,000
14,425,784
3% 4/1/49
 
 
13,500,000
8,963,692
 Series 2021 C:
 
 
 
3% 9/1/34
 
 
2,300,000
1,998,856
3% 9/1/36
 
 
5,000,000
4,151,764
 Series 2021 D:
 
 
 
5% 9/1/48
 
 
6,880,000
6,964,011
5% 9/1/49
 
 
50,000,000
50,547,300
5% 9/1/50
 
 
1,785,000
1,802,808
 Series 2022 B, 3% 2/1/48
 
38,250,000
25,695,214
 Series 2022 C, 5.25% 10/1/52
 
1,690,000
1,735,995
 Series 2022 E, 5% 11/1/52
 
52,445,000
52,939,252
 Series B:
 
 
 
5% 7/1/33
 
 
3,500,000
3,760,594
5% 7/1/34
 
 
2,000,000
2,144,800
 Series C, 3% 3/1/48
 
5,000,000
3,356,808
 Series D, 5% 7/1/45
 
3,415,000
3,463,904
 Series E:
 
 
 
5% 11/1/45
 
 
8,065,000
8,185,908
5% 11/1/50
 
 
23,480,000
23,680,815
Massachusetts Hsg. Fin. Agcy. Hsg. Rev.:
 
 
 
 Series 183, 3.5% 12/1/46
 
470,000
462,070
 Series 2011, 3.5% 12/1/49
 
2,920,000
2,813,692
 Series 2017, 4% 6/1/43 (d)
 
690,000
678,166
 Series 2020 A, 0.875% 12/1/23
 
1,990,000
1,984,518
 Series 207, 4% 6/1/49
 
1,535,000
1,500,938
 Series 214, 3.75% 12/1/49
 
4,060,000
3,935,764
 Series 218, 3% 12/1/50
 
1,640,000
1,552,526
Massachusetts Hsg. Fin. Agcy. Multi-Family Rev. Series 2018 A, 3.7% 12/1/38
 
500,000
417,475
Massachusetts Hsg. Fin. Auth.:
 
 
 
 Series 2021 221, 3% 12/1/50
 
3,515,000
3,318,886
 Series 2021 A2:
 
 
 
0.4% 6/1/24
 
 
875,000
854,088
0.45% 12/1/24
 
 
1,000,000
958,319
 Series 2021 B1, 2.875% 12/1/51
 
4,000,000
2,384,616
 Series 2021, 3% 6/1/51
 
3,750,000
3,496,299
 Series 2022 224, 5% 6/1/50
 
1,750,000
1,747,438
 Series 220:
 
 
 
3% 12/1/50
 
 
3,070,000
2,900,421
5% 12/1/23
 
 
100,000
100,066
5% 6/1/24
 
 
150,000
150,788
5% 12/1/24
 
 
215,000
217,147
5% 6/1/25
 
 
425,000
431,217
5% 12/1/25
 
 
150,000
152,907
5% 6/1/26
 
 
100,000
102,360
5% 12/1/26
 
 
125,000
128,636
5% 6/1/27
 
 
100,000
103,028
5% 12/1/27
 
 
185,000
191,544
5% 6/1/28
 
 
75,000
77,781
5% 12/1/28
 
 
230,000
238,961
5% 6/1/29
 
 
100,000
103,918
Massachusetts Port Auth. Rev.:
 
 
 
 Series 2014 B, 5% 7/1/29 (d)
 
1,270,000
1,274,224
 Series 2014 C:
 
 
 
5% 7/1/28
 
 
3,000,000
3,018,123
5% 7/1/29
 
 
4,205,000
4,229,125
 Series 2015 A:
 
 
 
5% 7/1/28
 
 
460,000
467,829
5% 7/1/28 (d)
 
 
500,000
504,653
5% 7/1/29 (d)
 
 
1,245,000
1,255,661
5% 7/1/30 (d)
 
 
1,450,000
1,462,138
5% 7/1/40 (d)
 
 
2,000,000
1,972,494
5% 7/1/45 (d)
 
 
3,500,000
3,362,953
 Series 2015 B, 5% 7/1/33 (d)
 
1,015,000
1,022,387
 Series 2016 A:
 
 
 
5% 7/1/26
 
 
695,000
718,229
5% 7/1/28
 
 
760,000
782,083
 Series 2016 B:
 
 
 
4% 7/1/46 (d)
 
 
12,950,000
10,641,392
5% 7/1/43 (d)
 
 
11,410,000
11,086,383
 Series 2017 A:
 
 
 
5% 7/1/30 (d)
 
 
1,280,000
1,302,679
5% 7/1/31 (d)
 
 
1,095,000
1,114,153
5% 7/1/32 (d)
 
 
1,370,000
1,393,783
5% 7/1/33 (d)
 
 
1,250,000
1,269,257
5% 7/1/35 (d)
 
 
2,000,000
2,019,578
5% 7/1/36 (d)
 
 
1,720,000
1,729,509
5% 7/1/42 (d)
 
 
4,540,000
4,430,744
 Series 2019 A:
 
 
 
5% 7/1/24 (d)
 
 
4,140,000
4,158,948
5% 7/1/30 (d)
 
 
725,000
745,877
5% 7/1/33 (d)
 
 
4,085,000
4,178,283
5% 7/1/34 (d)
 
 
5,605,000
5,715,126
5% 7/1/35 (d)
 
 
5,000,000
5,072,499
5% 7/1/36 (d)
 
 
1,995,000
2,011,346
5% 7/1/37 (d)
 
 
1,100,000
1,101,319
5% 7/1/40 (d)
 
 
4,450,000
4,388,800
 Series 2019 B, 5% 7/1/44
 
5,000,000
5,031,507
 Series 2019 C:
 
 
 
5% 7/1/31 (d)
 
 
3,500,000
3,599,597
5% 7/1/32 (d)
 
 
2,700,000
2,776,302
5% 7/1/38 (d)
 
 
11,275,000
11,230,235
5% 7/1/39 (d)
 
 
5,000,000
4,947,502
5% 7/1/49 (d)
 
 
2,500,000
2,361,997
 Series 2021 A:
 
 
 
5% 7/1/38
 
 
2,125,000
2,215,774
5% 7/1/39
 
 
1,125,000
1,164,928
5% 7/1/40
 
 
1,045,000
1,078,279
 Series 2021 B, 5% 7/1/39 (d)
 
1,325,000
1,311,088
 Series 2021 D:
 
 
 
5% 7/1/46
 
 
3,180,000
3,217,860
5% 7/1/51
 
 
5,740,000
5,773,008
 Series 2021 E:
 
 
 
5% 7/1/33 (d)
 
 
3,440,000
3,541,920
5% 7/1/40 (d)
 
 
4,000,000
3,944,989
5% 7/1/41 (d)
 
 
1,940,000
1,909,233
5% 7/1/51 (d)
 
 
11,775,000
11,104,861
 Series 2022 A:
 
 
 
5% 7/1/31 (d)
 
 
2,630,000
2,727,183
5% 7/1/36 (d)
 
 
2,450,000
2,478,771
5% 7/1/39 (d)
 
 
1,460,000
1,444,670
5% 7/1/40 (d)
 
 
2,780,000
2,741,767
Massachusetts Port Auth. Spl. Facilities Rev.:
 
 
 
 (Bosfuel Proj.) Series 2019 A:
 
 
 
5% 7/1/24 (d)
 
 
615,000
617,094
5% 7/1/25 (d)
 
 
1,000,000
1,005,772
5% 7/1/28 (d)
 
 
1,500,000
1,527,356
5% 7/1/32 (d)
 
 
500,000
506,628
5% 7/1/33 (d)
 
 
1,000,000
1,012,866
5% 7/1/34 (d)
 
 
1,250,000
1,263,997
5% 7/1/49 (d)
 
 
5,620,000
5,287,493
 Series 2019 A:
 
 
 
4% 7/1/44 (d)
 
 
5,000,000
4,107,344
5% 7/1/31 (d)
 
 
1,250,000
1,266,811
Massachusetts School Bldg. Auth. Dedicated Sales Tax Rev.:
 
 
 
 Series 2019 A, 5% 2/15/44
 
11,510,000
11,578,153
 Series 2020 A, 3% 8/15/50
 
5,030,000
3,283,274
 Series A:
 
 
 
5% 8/15/31
 
 
1,850,000
1,995,803
5% 8/15/32
 
 
1,500,000
1,613,256
5% 8/15/33
 
 
1,675,000
1,800,540
5% 8/15/34
 
 
3,000,000
3,199,292
5% 8/15/35
 
 
2,000,000
2,123,224
5% 8/15/37
 
 
1,400,000
1,462,811
5% 8/15/45
 
 
10,000,000
10,139,582
5% 8/15/50
 
 
16,615,000
16,733,179
 Series B, 5% 11/15/39
 
1,975,000
1,994,467
Massachusetts Spl. Oblig. Dedicated Tax Rev. Series 2005:
 
 
 
 5.5% 1/1/27 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
2,500,000
2,626,926
 5.5% 1/1/28 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
2,575,000
2,745,344
 5.5% 1/1/30 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
17,000,000
18,499,786
 5.5% 1/1/34 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
14,770,000
16,140,074
Massachusetts State College Bldg. Auth. Rev.:
 
 
 
 Series 1999 A, 0% 5/1/28 (Escrowed to Maturity)
 
1,700,000
1,418,527
 Series 2003 B, 0% 5/1/28 (Assured Guaranty Corp. Insured)
 
6,080,000
5,031,030
 Series 2021 A, 2% 5/1/37
 
1,060,000
696,861
 Series 2022 A:
 
 
 
4% 5/1/36
 
 
600,000
569,204
4% 5/1/38
 
 
750,000
681,805
4% 5/1/40
 
 
1,000,000
890,599
4% 5/1/41
 
 
625,000
551,053
4% 5/1/42
 
 
550,000
477,934
5% 5/1/32
 
 
600,000
651,468
5% 5/1/33
 
 
500,000
543,024
5% 5/1/34
 
 
500,000
542,156
Massachusetts Tpk. Auth. Metropolitan Hwy. Sys. Rev. Sr. Series A:
 
 
 
 0% 1/1/25 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
5,110,000
4,859,728
 0% 1/1/28 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
12,700,000
10,583,278
 0% 1/1/29 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
33,195,000
26,415,522
Massachusetts Wtr. Resources Auth. Wtr. & Swr. Rev. Series 2020 B:
 
 
 
 5% 8/1/41
 
3,155,000
3,251,805
 5% 8/1/42
 
7,415,000
7,614,082
Maynard Gen. Oblig. Series 2012, 2.75% 2/15/32
 
385,000
325,390
Newton Gen. Oblig. Series 2016, 3% 4/1/33
 
545,000
487,476
Norwood Gen. Oblig. Series 2016, 2.125% 7/15/30
 
1,020,000
858,591
Quincy Gen. Oblig.:
 
 
 
 Series 2021, 2% 1/15/46
 
1,755,000
942,416
 Series 2022 B, 5% 7/1/47
 
4,995,000
5,105,215
Swampscott Gen. Oblig. Series 2022, 3% 3/1/36
 
1,000,000
834,818
Town of Tisbury Gen. Oblig. Series 2022:
 
 
 
 4% 8/15/36
 
1,780,000
1,746,732
 4% 8/15/40
 
1,995,000
1,802,838
 4% 8/15/41
 
2,085,000
1,863,625
Univ. of Massachusetts Bldg. Auth. Facilities Rev. Series 2020 1, 5% 11/1/50
 
4,015,000
4,070,110
Univ. of Massachusetts Bldg. Auth. Rev. Series 2019 1:
 
 
 
 5% 5/1/34
 
600,000
632,123
 5% 5/1/35
 
2,000,000
2,102,399
 5% 5/1/36
 
3,400,000
3,565,086
 5% 5/1/37
 
3,200,000
3,329,960
 5% 5/1/38
 
3,000,000
3,105,640
 5% 5/1/39
 
2,000,000
2,061,186
TOTAL MASSACHUSETTS
 
 
1,518,038,637
Puerto Rico - 1.7%
 
 
 
Puerto Rico Commonwealth Aqueduct & Swr. Auth. Series 2021 B, 5% 7/1/37 (b)
 
4,885,000
4,593,580
Puerto Rico Commonwealth Pub. Impt. Gen. Oblig. Series 2021 A1:
 
 
 
 0% 7/1/33
 
5,238,348
2,992,061
 5.625% 7/1/27
 
625,000
635,687
 5.625% 7/1/29
 
1,925,000
1,966,908
 5.75% 7/1/31
 
4,525,000
4,654,387
Puerto Rico Hsg. Fin. Auth. Series 2020, 5% 12/1/27
 
4,435,000
4,596,946
Puerto Rico Sales Tax Fing. Corp. Sales Tax Rev.:
 
 
 
 Series 2018 A1, 0% 7/1/31
 
5,010,000
3,482,026
 Series 2019 A2, 4.329% 7/1/40
 
6,880,000
5,943,119
TOTAL PUERTO RICO
 
 
28,864,714
 
TOTAL MUNICIPAL BONDS
 (Cost $1,723,877,963)
 
 
 
1,546,903,351
 
 
 
 
Municipal Notes - 5.3%
 
 
Principal
Amount (a)
 
Value ($)
 
Massachusetts - 5.3%
 
 
 
Massachusetts Dev. Fin. Agcy. Rev.:
 
 
 
 (Boston Univ. Proj.):
 
 
 
Series U-6C, 3.88% 11/1/23, LOC TD Banknorth, NA, VRDN (c)
 
 
22,295,000
22,295,000
Series U-6E, 3.95% 11/1/23, LOC TD Banknorth, NA, VRDN (c)
 
 
2,650,000
2,650,000
 (College of the Holy Cross Proj.) Series 2008 A, 3.93% 11/1/23, LOC Bank of America NA, VRDN (c)
 
1,200,000
1,200,000
Massachusetts Health & Edl. Facilities Auth. Rev.:
 
 
 
 (Baystate Health Sys. Proj.) Series 2009 J2, 3.88% 11/1/23, LOC TD Banknorth, NA, VRDN (c)
 
2,000,000
2,000,000
 Series 2007 A1, 4.1% 11/1/23 (Liquidity Facility Bank of America NA), VRDN (c)
 
40,940,000
40,940,000
RIB Floater Trust Various States Participating VRDN Series 2022 D1:
 
 
 
 4.16% 11/1/23 (Liquidity Facility Barclays Bank PLC) (c)(e)(f)
 
14,945,000
14,945,000
 4.16% 11/1/23 (Liquidity Facility Barclays Bank PLC) (c)(e)(f)
 
7,500,000
7,500,000
 
 
 
 
 
TOTAL MUNICIPAL NOTES
 (Cost $91,530,000)
 
 
 
91,530,000
 
 
 
 
Money Market Funds - 4.9%
 
 
Shares
Value ($)
 
Fidelity Municipal Cash Central Fund 4.14% (g)(h)
 
 (Cost $85,139,994)
 
 
85,122,975
85,139,993
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 99.7%
 (Cost $1,900,547,957)
 
 
 
1,723,573,344
NET OTHER ASSETS (LIABILITIES) - 0.3%  
5,466,670
NET ASSETS - 100.0%
1,729,040,014
 
 
Security Type Abbreviations
VRDN
-
VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly)
 
Legend
 
(a)
Amount is stated in United States dollars unless otherwise noted.
 
(b)
Security exempt from registration under Rule 144A of the Securities Act of 1933.  These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $36,211,406 or 2.1% of net assets.
 
(c)
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
 
(d)
Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.
 
(e)
Provides evidence of ownership in one or more underlying municipal bonds.
 
(f)
Coupon rates are determined by re-marketing agents based on current market conditions.
 
(g)
Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Municipal Cash Central Fund.
 
(h)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
 
 
 
 
 
Affiliated Central Funds
 
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
 
 
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
% ownership,
end
of period
Fidelity Municipal Cash Central Fund 4.14%
-
274,177,000
189,037,000
1,826,241
-
-
85,140,000
4.0%
Total
-
274,177,000
189,037,000
1,826,241
-
-
85,140,000
 
 
 
 
 
 
 
 
 
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - Unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
 
Valuation techniques used to value investments by major category are as follows:
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Municipal Bonds and Municipal Notes are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
 
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
 
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
 
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