NPORT-EX 2 QTLY_70_20240430.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Massachusetts Municipal Income Fund
April 30, 2024
MFL-NPRT1-0624
1.800349.120
Municipal Bonds - 95.2%
 
 
Principal
Amount (a)
 
Value ($)
 
Massachusetts - 93.4%
 
 
 
Acton & Boxborough Reg'l. School District Series 2020:
 
 
 
 3% 3/1/34
 
1,485,000
1,411,024
 3% 3/1/35
 
2,130,000
2,010,434
Attleboro Gen. Oblig.:
 
 
 
 Series 2020 B, 3% 10/15/36
 
2,630,000
2,383,674
 Series 2020, 2.625% 10/15/50
 
6,880,000
4,552,860
Berkshire Wind Pwr. Coop. Corp. Series 2017 2:
 
 
 
 5% 7/1/25
 
505,000
512,941
 5% 7/1/26
 
925,000
954,284
 5% 7/1/27
 
700,000
734,282
 5% 7/1/30
 
480,000
507,135
Boston Gen. Oblig. Series 2020 A, 2% 11/1/39
 
2,495,000
1,795,631
Braintree Gen. Oblig.:
 
 
 
 Series 2019, 3% 6/1/35
 
1,765,000
1,631,803
 Series 2020, 3% 6/1/35
 
345,000
318,964
Dennis-Yarmouth Reg'l. School District Series 2021, 2.375% 10/1/51
 
7,345,000
4,568,057
Fall River Gen. Oblig. Series 2020, 2% 12/1/32
 
500,000
420,499
Framingham Gen. Oblig. Series 2012 A, 4% 12/1/24
 
1,360,000
1,360,429
Hingham Gen. Oblig. Series 2020, 3% 2/15/38
 
1,615,000
1,430,040
Lowell Gen. Oblig. Series 2023, 4.25% 9/1/53
 
9,915,000
9,682,870
Ludlow Gen. Oblig. Series 2019, 3% 2/1/49
 
1,885,000
1,394,583
Lynn Wtr. & Swr. Commission Gen. Rev. Series 2003 A, 5% 12/1/32 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
440,000
440,458
Massachusetts Clean Wtr. Trust:
 
 
 
 Series 2021 23A:
 
 
 
5% 2/1/39
 
 
5,000,000
5,500,526
5% 2/1/40
 
 
4,750,000
5,195,366
 Series 2021 23B, 5% 2/1/39
 
12,940,000
14,235,361
 Series 2021 B, 5% 2/1/41
 
2,000,000
2,180,088
 Series 22, 5% 8/1/37
 
4,110,000
4,464,989
Massachusetts Commonwealth Trans. Fund Rev.:
 
 
 
 (Rail Enhacement Prog.) Series 2022 A, 5% 6/1/50
 
3,500,000
3,693,497
 (Rail Enhancement & Accelerated Bridge Programs) Series 2019 A, 5% 6/1/49
 
19,600,000
20,325,639
 (Rail Enhancement & Accelerated Bridge Progs.) Series 2018 A, 5.25% 6/1/43
 
14,575,000
15,381,397
 (Rail Enhancement Prog.) Series 2021 B:
 
 
 
5% 6/1/41
 
 
6,000,000
6,281,216
5% 6/1/42
 
 
15,370,000
16,437,122
 Series 2021 A:
 
 
 
5% 6/1/41
 
 
8,140,000
8,836,003
5% 6/1/42
 
 
5,750,000
6,206,762
5% 6/1/43
 
 
3,000,000
3,222,826
5% 6/1/51
 
 
5,435,000
5,670,965
 Series 2021 B, 5% 6/1/46
 
7,615,000
8,014,286
 Series 2023 B:
 
 
 
5% 6/1/47
 
 
8,000,000
8,619,897
5% 6/1/48
 
 
7,350,000
7,898,278
5% 6/1/49
 
 
5,000,000
5,360,580
Massachusetts Dept. of Trans. Metropolitan Hwy. Sys. Rev. Series A, 5% 1/1/37
 
2,000,000
2,139,483
Massachusetts Dev. Fin. Agcy. Rev.:
 
 
 
 (Boston College Proj.) Series T:
 
 
 
5% 7/1/37
 
 
1,415,000
1,482,817
5% 7/1/42
 
 
2,805,000
2,903,989
 (Broad Institute Proj.) Series 2017:
 
 
 
5% 4/1/33
 
 
10,145,000
10,714,334
5% 4/1/34
 
 
2,500,000
2,634,954
5% 4/1/37
 
 
1,500,000
1,562,193
 (Lesley Univ. Proj.) Series 2016:
 
 
 
5% 7/1/29
 
 
1,640,000
1,677,883
5% 7/1/32
 
 
1,905,000
1,945,524
 (Newbridge On The Charles Proj.) Series 2017:
 
 
 
4% 10/1/24 (b)
 
 
500,000
500,074
4% 10/1/25 (b)
 
 
500,000
499,986
4% 10/1/26 (b)
 
 
500,000
499,416
4% 10/1/27 (b)
 
 
350,000
348,885
4% 10/1/32 (b)
 
 
1,250,000
1,228,050
4.125% 10/1/42 (b)
 
 
6,000,000
5,379,376
5% 10/1/37 (b)
 
 
2,000,000
2,031,875
5% 10/1/47 (b)
 
 
2,500,000
2,489,639
5% 10/1/57 (b)
 
 
8,670,000
8,343,019
 (Partners Healthcare Sys., Inc. Proj.) Series 2017 S:
 
 
 
5% 7/1/25
 
 
1,000,000
1,017,953
5% 7/1/31
 
 
21,180,000
22,503,040
5% 7/1/32
 
 
985,000
1,046,082
5% 7/1/34
 
 
750,000
795,471
 (Suffolk Univ. Proj.) Series 2017:
 
 
 
5% 7/1/24
 
 
2,000,000
2,000,727
5% 7/1/25
 
 
1,500,000
1,509,965
5% 7/1/26
 
 
1,935,000
1,964,372
5% 7/1/27
 
 
2,085,000
2,139,226
5% 7/1/28
 
 
4,300,000
4,438,366
 (Suffolk Univ., Proj.) Series 2017, 5% 7/1/32
 
1,000,000
1,031,735
 (UMASS Boston Student Hsg. Proj.) Series 2016:
 
 
 
5% 10/1/29
 
 
3,120,000
3,193,172
5% 10/1/30
 
 
1,100,000
1,124,780
5% 10/1/31
 
 
1,200,000
1,225,924
5% 10/1/32
 
 
1,240,000
1,265,651
5% 10/1/33
 
 
1,235,000
1,259,125
 (UMass Memorial Health Care Proj.) Series K:
 
 
 
5% 7/1/28
 
 
1,260,000
1,289,199
5% 7/1/29
 
 
1,320,000
1,352,696
5% 7/1/30
 
 
1,390,000
1,425,706
5% 7/1/38
 
 
10,850,000
10,971,195
 (Univ. of Massachusetts Health Cr., Inc. Proj.) Series 2017 L, 4% 7/1/44
 
7,000,000
6,131,004
 (Wentworth Institute of Technology Proj.) Series 2017:
 
 
 
5% 10/1/34
 
 
1,425,000
1,450,663
5% 10/1/35
 
 
1,495,000
1,520,711
5% 10/1/46
 
 
4,250,000
4,211,356
 (Wheaton College, MA. Proj.) Series 2017 H:
 
 
 
5% 1/1/29
 
 
1,435,000
1,476,790
5% 1/1/31
 
 
1,580,000
1,625,877
5% 1/1/32
 
 
1,665,000
1,711,498
5% 1/1/33
 
 
1,745,000
1,792,075
5% 1/1/34
 
 
1,835,000
1,882,220
5% 1/1/35
 
 
1,000,000
1,025,043
5% 1/1/36
 
 
1,000,000
1,022,938
5% 1/1/42
 
 
5,775,000
5,795,319
5% 1/1/47
 
 
1,895,000
1,873,636
5% 1/1/53
 
 
4,275,000
4,146,516
 Bonds Series A1, 5%, tender 1/31/30 (c)
 
15,280,000
16,655,478
 Series 2008 B:
 
 
 
0% 1/1/37 (Assured Guaranty Corp. Insured)
 
 
1,745,000
1,047,565
0% 1/1/40 (Assured Guaranty Corp. Insured)
 
 
5,000,000
2,482,910
0% 1/1/41 (Assured Guaranty Corp. Insured)
 
 
5,000,000
2,355,470
0% 1/1/42 (Assured Guaranty Corp. Insured)
 
 
5,000,000
2,242,287
 Series 2013 F:
 
 
 
4% 7/1/32
 
 
2,050,000
2,022,555
4% 7/1/43
 
 
21,685,000
20,216,199
5% 7/1/27
 
 
1,300,000
1,300,694
5% 7/1/37
 
 
3,925,000
3,926,923
 Series 2013 G, 5% 7/1/44
 
10,360,000
9,838,684
 Series 2014 A:
 
 
 
5% 3/1/32
 
 
1,700,000
1,700,285
5% 3/1/33
 
 
1,250,000
1,250,203
5% 3/1/34
 
 
4,375,000
4,375,686
5% 3/1/39
 
 
4,000,000
3,955,052
 Series 2014 F:
 
 
 
5% 7/15/24
 
 
400,000
400,039
5% 7/15/25
 
 
550,000
550,172
5% 7/15/26
 
 
500,000
500,232
5% 7/15/27
 
 
200,000
200,119
5% 7/15/28
 
 
320,000
320,220
5.625% 7/15/36
 
 
800,000
775,717
5.75% 7/15/43
 
 
4,700,000
4,581,116
 Series 2015 D, 5% 7/1/44
 
5,975,000
5,861,158
 Series 2015 H1:
 
 
 
5% 7/1/26
 
 
3,585,000
3,636,594
5% 7/1/29
 
 
3,750,000
3,794,190
5% 7/1/30
 
 
1,800,000
1,819,698
5% 7/1/31
 
 
1,190,000
1,204,545
5% 7/1/32
 
 
1,000,000
1,011,015
5% 7/1/33
 
 
1,000,000
1,010,941
 Series 2015 K, 4% 10/1/30
 
500,000
491,458
 Series 2015 Q:
 
 
 
5% 8/15/33
 
 
1,550,000
1,575,807
5% 8/15/34
 
 
1,790,000
1,819,352
5% 8/15/38
 
 
1,690,000
1,711,336
 Series 2015:
 
 
 
5% 1/1/25
 
 
3,525,000
3,535,983
5% 1/1/27
 
 
2,695,000
2,713,562
5% 1/1/28
 
 
1,850,000
1,864,686
5% 1/1/29
 
 
2,945,000
2,969,469
 Series 2016 A:
 
 
 
5% 1/1/31
 
 
5,000
5,142
5.25% 1/1/42
 
 
7,000,000
7,084,059
 Series 2016 E:
 
 
 
5% 7/1/31
 
 
1,000,000
1,025,701
5% 7/1/32
 
 
2,200,000
2,251,657
5% 7/1/33
 
 
1,500,000
1,531,834
5% 7/1/34
 
 
1,500,000
1,528,433
5% 7/1/35
 
 
1,500,000
1,527,225
5% 7/1/36
 
 
1,000,000
1,016,042
5% 7/1/37
 
 
2,000,000
2,026,435
 Series 2016 I:
 
 
 
4% 7/1/36
 
 
9,705,000
9,095,894
5% 7/1/25
 
 
510,000
513,215
5% 7/1/27
 
 
1,150,000
1,171,944
5% 7/1/27
 
 
1,100,000
1,117,796
5% 7/1/29
 
 
1,680,000
1,709,921
5% 7/1/30
 
 
2,400,000
2,444,542
5% 7/1/31
 
 
2,500,000
2,546,526
5% 7/1/32
 
 
1,960,000
1,996,226
5% 7/1/37
 
 
1,470,000
1,499,501
5% 7/1/38
 
 
1,000,000
1,016,045
5% 7/1/41
 
 
14,790,000
14,791,245
 Series 2016 N, 5% 12/1/34
 
1,000,000
1,043,003
 Series 2016:
 
 
 
4% 10/1/36
 
 
1,250,000
1,255,178
5% 7/1/26
 
 
1,710,000
1,737,932
5% 7/1/29
 
 
2,000,000
2,043,939
5% 7/1/30
 
 
2,000,000
2,045,444
5% 7/1/31
 
 
1,700,000
1,738,715
5% 10/1/32
 
 
1,760,000
1,816,564
5% 9/1/33
 
 
475,000
487,390
5% 10/1/33
 
 
1,500,000
1,547,397
5% 10/1/34
 
 
1,500,000
1,547,089
5% 9/1/35
 
 
375,000
383,688
5% 10/1/35
 
 
1,500,000
1,545,999
5% 7/1/36
 
 
3,000,000
3,056,835
5% 9/1/36
 
 
315,000
321,453
5% 9/1/37
 
 
840,000
863,901
5% 10/1/37
 
 
2,000,000
2,048,618
5% 10/1/39
 
 
5,000,000
5,096,897
5% 7/1/40
 
 
5,325,000
5,438,567
5% 7/1/41
 
 
5,145,000
5,173,714
5% 10/1/43
 
 
5,000,000
5,001,800
5% 9/1/46
 
 
3,235,000
3,254,047
5% 10/1/48
 
 
6,000,000
5,941,292
 Series 2017 A:
 
 
 
5% 1/1/35
 
 
2,000,000
2,061,724
5% 1/1/40
 
 
1,000,000
1,011,965
 Series 2017:
 
 
 
5% 7/1/25
 
 
1,105,000
1,118,271
5% 7/1/26
 
 
160,000
162,462
5% 7/1/27
 
 
1,000,000
1,049,619
5% 10/1/28
 
 
465,000
491,542
5% 10/1/29
 
 
735,000
777,021
5% 7/1/37
 
 
600,000
609,842
5% 7/1/42
 
 
2,110,000
2,123,957
5% 10/1/42
 
 
4,000,000
4,120,254
5% 7/1/47
 
 
2,250,000
2,256,530
5% 10/1/47
 
 
3,010,000
3,070,456
 Series 2018 J2, 5% 7/1/48
 
2,365,000
2,401,601
 Series 2018:
 
 
 
5% 9/1/27
 
 
1,010,000
1,035,064
5% 9/1/29
 
 
1,390,000
1,431,471
5% 1/1/30
 
 
10,000
10,371
5% 9/1/31
 
 
1,530,000
1,573,851
5% 9/1/33
 
 
1,185,000
1,215,461
5% 9/1/38
 
 
4,805,000
4,846,232
5% 6/1/43
 
 
4,740,000
4,913,872
5% 9/1/43
 
 
4,445,000
4,400,129
 Series 2019 A:
 
 
 
5% 7/1/30
 
 
1,350,000
1,369,996
5% 7/1/31
 
 
1,350,000
1,370,136
5% 7/1/32
 
 
2,000,000
2,029,316
5% 7/1/33
 
 
2,300,000
2,332,921
5% 7/1/34
 
 
1,015,000
1,054,241
5% 7/1/36
 
 
1,120,000
1,152,259
5% 7/1/38
 
 
735,000
747,871
5% 7/1/44
 
 
2,250,000
2,251,624
5% 7/1/49
 
 
7,250,000
7,065,147
 Series 2019 K:
 
 
 
5% 7/1/24
 
 
500,000
500,590
5% 7/1/25
 
 
1,250,000
1,266,721
5% 7/1/26
 
 
1,250,000
1,289,600
5% 7/1/33
 
 
2,000,000
2,145,055
5% 7/1/35
 
 
2,135,000
2,283,996
 Series 2019 S1, 5% 10/1/25
 
1,965,000
2,003,557
 Series 2019 S2:
 
 
 
5% 10/1/32
 
 
1,410,000
1,541,466
5% 10/1/33
 
 
1,935,000
2,117,917
 Series 2020 A:
 
 
 
4% 7/1/39
 
 
2,455,000
2,260,390
4% 7/1/40
 
 
7,920,000
7,188,487
4% 7/1/45
 
 
5,000,000
4,352,943
 Series 2021 A:
 
 
 
4% 7/1/34
 
 
1,000,000
1,039,923
4% 7/1/35
 
 
1,000,000
1,034,419
4% 7/1/36
 
 
825,000
847,498
4% 7/1/37
 
 
1,000,000
1,016,817
4% 7/1/38
 
 
700,000
707,570
4% 7/1/39
 
 
1,400,000
1,408,295
5% 7/1/32
 
 
1,000,000
1,115,266
 Series 2021 B:
 
 
 
4% 7/1/42
 
 
475,000
428,084
4% 7/1/50
 
 
2,135,000
1,808,246
 Series 2021 G, 4% 7/1/46
 
2,795,000
2,510,157
 Series 2021:
 
 
 
4% 7/1/40
 
 
4,160,000
3,609,783
4% 7/1/45
 
 
1,200,000
988,177
4% 7/1/46
 
 
2,150,000
1,856,534
4% 7/1/50
 
 
1,750,000
1,387,952
4% 7/1/51
 
 
2,160,000
1,784,342
 Series 2022:
 
 
 
5% 7/1/37
 
 
800,000
832,782
5% 7/1/42
 
 
740,000
751,254
5% 7/1/52
 
 
2,300,000
2,285,220
 Series 2023 F:
 
 
 
5% 11/1/34
 
 
700,000
797,976
5% 11/1/35
 
 
650,000
738,944
5% 11/1/36
 
 
675,000
758,719
5% 11/1/37
 
 
725,000
807,014
5% 11/1/38
 
 
760,000
836,301
5% 11/1/39
 
 
1,100,000
1,202,209
5% 11/1/40
 
 
850,000
922,635
5% 11/1/42
 
 
950,000
1,022,730
 Series 2023 N:
 
 
 
5% 10/1/43
 
 
1,750,000
1,734,465
5.25% 10/1/36
 
 
500,000
527,520
5.25% 10/1/37
 
 
545,000
569,061
5.25% 10/1/38
 
 
550,000
570,103
5.25% 10/1/39
 
 
580,000
599,190
 Series 2024 D:
 
 
 
5% 7/1/33
 
 
1,250,000
1,440,294
5% 7/1/34
 
 
2,000,000
2,317,127
5% 7/1/35
 
 
1,000,000
1,152,352
5% 7/1/36
 
 
1,000,000
1,143,241
5% 7/1/37
 
 
1,150,000
1,300,800
5% 7/1/38
 
 
1,000,000
1,118,250
 Series B, 0% 1/1/39 (Assured Guaranty Corp. Insured)
 
3,200,000
1,678,677
 Series C, 3% 10/1/45 (Assured Guaranty Muni. Corp. Insured)
 
3,355,000
2,495,505
 Series G:
 
 
 
5% 7/15/24 (b)
 
 
130,000
129,775
5% 7/15/25 (b)
 
 
120,000
119,335
5% 7/15/26 (b)
 
 
160,000
159,288
5% 7/15/27 (b)
 
 
340,000
339,459
5% 7/1/28
 
 
350,000
367,244
5% 7/15/28 (b)
 
 
350,000
350,788
5% 7/15/29 (b)
 
 
1,565,000
1,573,711
5% 7/1/30
 
 
225,000
242,118
5% 7/15/30 (b)
 
 
670,000
675,598
5% 7/15/31 (b)
 
 
1,025,000
1,033,678
5% 7/15/32 (b)
 
 
820,000
826,668
5% 7/1/33
 
 
550,000
589,136
5% 7/15/33 (b)
 
 
320,000
322,464
5% 7/1/34
 
 
1,300,000
1,391,745
5% 7/15/34 (b)
 
 
300,000
302,152
5% 7/15/35 (b)
 
 
270,000
271,342
5% 7/1/36
 
 
475,000
504,231
5% 7/15/36 (b)
 
 
235,000
234,804
5% 7/1/37
 
 
1,275,000
1,342,366
5% 7/15/37 (b)
 
 
250,000
246,583
5% 7/15/46 (b)
 
 
9,540,000
8,864,987
5% 7/1/50
 
 
6,700,000
6,810,725
 Series J2:
 
 
 
5% 7/1/43
 
 
11,540,000
11,751,527
5% 7/1/53
 
 
4,500,000
4,540,775
 Series K, 5% 7/1/27
 
1,150,000
1,173,273
Massachusetts Edl. Fing. Auth. Rev.:
 
 
 
 Series 2014 I:
 
 
 
5% 1/1/25 (d)
 
 
2,660,000
2,676,960
5% 1/1/26 (d)
 
 
8,350,000
8,390,711
5% 1/1/27 (d)
 
 
1,000,000
1,005,595
 Series 2015 A, 5% 1/1/25 (d)
 
5,715,000
5,751,439
 Series 2016, 5% 7/1/24 (d)
 
7,120,000
7,129,556
 Series 2017 A:
 
 
 
5% 7/1/24 (d)
 
 
3,000,000
3,004,026
5% 7/1/25 (d)
 
 
4,500,000
4,555,413
5% 7/1/26 (d)
 
 
3,935,000
3,999,468
 Series 2017 B, 4.25% 7/1/46 (d)
 
7,700,000
6,933,018
 Series 2018 B:
 
 
 
5% 7/1/27 (d)
 
 
10,240,000
10,521,131
5% 7/1/28 (d)
 
 
2,325,000
2,398,070
 Series 2019 B:
 
 
 
5% 7/1/24 (d)
 
 
1,000,000
1,001,342
5% 7/1/25 (d)
 
 
1,365,000
1,381,809
5% 7/1/26 (d)
 
 
2,430,000
2,469,811
5% 7/1/28 (d)
 
 
1,000,000
1,031,428
5% 7/1/29 (d)
 
 
4,035,000
4,197,394
 Series 2020 C:
 
 
 
5% 7/1/28 (d)
 
 
2,000,000
2,062,856
5% 7/1/29 (d)
 
 
1,950,000
2,029,400
5% 7/1/30 (d)
 
 
1,950,000
2,046,897
 Series 2021 B:
 
 
 
5% 7/1/27 (d)
 
 
1,950,000
2,003,536
5% 7/1/28 (d)
 
 
1,850,000
1,908,142
5% 7/1/29 (d)
 
 
1,825,000
1,899,311
5% 7/1/30 (d)
 
 
1,125,000
1,180,902
5% 7/1/31 (d)
 
 
1,500,000
1,586,186
 Series 2022 B, 5% 7/1/31 (d)
 
1,000,000
1,057,457
 Series 2023 B:
 
 
 
5% 7/1/30 (d)
 
 
10,000,000
10,496,907
5% 7/1/31 (d)
 
 
6,515,000
6,889,334
5% 7/1/32 (d)
 
 
5,000,000
5,279,940
5% 7/1/33 (d)
 
 
6,500,000
6,871,179
Massachusetts Gen. Oblig.:
 
 
 
 Series 2004 A, 5.5% 8/1/30
 
2,000,000
2,274,042
 Series 2018 B, 5% 1/1/32
 
5,000,000
5,342,337
 Series 2019 A:
 
 
 
5% 1/1/37
 
 
10,000,000
10,732,238
5% 1/1/49
 
 
10,000,000
10,376,791
5.25% 1/1/33
 
 
21,110,000
23,211,823
 Series 2019 D, 3% 5/1/36
 
5,000,000
4,579,774
 Series 2020 C:
 
 
 
3% 3/1/47
 
 
5,810,000
4,430,784
3% 3/1/49
 
 
5,000,000
3,724,512
 Series 2020 D:
 
 
 
3% 7/1/35
 
 
3,000,000
2,786,113
3% 7/1/39
 
 
3,460,000
2,955,865
3% 11/1/42
 
 
3,500,000
2,827,085
4% 11/1/36
 
 
1,500,000
1,548,635
4% 11/1/41
 
 
4,000,000
3,960,385
5% 7/1/48
 
 
18,695,000
19,652,887
 Series 2021 A, 2% 3/1/38
 
2,500,000
1,862,708
 Series 2021 B:
 
 
 
3% 4/1/48
 
 
21,500,000
16,189,175
3% 4/1/49
 
 
13,500,000
10,051,761
 Series 2021 C:
 
 
 
3% 9/1/34
 
 
2,300,000
2,138,350
3% 9/1/36
 
 
5,000,000
4,543,926
 Series 2021 D:
 
 
 
5% 9/1/48
 
 
6,880,000
7,290,030
5% 9/1/49
 
 
50,000,000
52,877,444
5% 9/1/50
 
 
1,785,000
1,882,013
 Series 2022 B, 3% 2/1/48
 
38,250,000
28,828,405
 Series 2022 C, 5.25% 10/1/52
 
1,690,000
1,831,653
 Series 2022 E, 5% 11/1/52
 
42,445,000
45,058,377
 Series C, 3% 3/1/48
 
5,000,000
3,766,642
 Series E, 5% 11/1/50
 
23,480,000
24,630,738
Massachusetts Hsg. Fin. Agcy. Series 2023 C2:
 
 
 
 4% 12/1/27
 
9,000,000
8,972,732
 4.05% 12/1/28
 
16,000,000
16,050,056
Massachusetts Hsg. Fin. Agcy. Hsg. Rev.:
 
 
 
 Series 183, 3.5% 12/1/46
 
370,000
365,631
 Series 2011, 3.5% 12/1/49
 
2,560,000
2,508,381
 Series 2017, 4% 6/1/43 (d)
 
595,000
588,696
 Series 207, 4% 6/1/49
 
1,335,000
1,320,133
 Series 214, 3.75% 12/1/49
 
3,555,000
3,501,413
 Series 218, 3% 12/1/50
 
1,460,000
1,410,972
Massachusetts Hsg. Fin. Agcy. Multi-Family Rev. Series 2018 A, 3.7% 12/1/38
 
500,000
460,880
Massachusetts Hsg. Fin. Auth.:
 
 
 
 Series 2021 221, 3% 12/1/50
 
3,240,000
3,123,657
 Series 2021 A2:
 
 
 
0.4% 6/1/24
 
 
875,000
871,983
0.45% 12/1/24
 
 
1,000,000
978,186
 Series 2021 B1, 2.875% 12/1/51
 
4,000,000
2,716,136
 Series 2021, 3% 6/1/51
 
3,525,000
3,378,974
 Series 2022 224, 5% 6/1/50
 
1,635,000
1,663,975
 Series 220:
 
 
 
3% 12/1/50
 
 
2,760,000
2,665,049
5% 6/1/24
 
 
150,000
150,093
5% 12/1/24
 
 
215,000
216,099
5% 6/1/25
 
 
425,000
429,808
5% 12/1/25
 
 
150,000
152,678
5% 6/1/26
 
 
100,000
102,516
5% 12/1/26
 
 
125,000
129,131
5% 6/1/27
 
 
100,000
104,152
5% 12/1/27
 
 
185,000
194,251
5% 6/1/28
 
 
75,000
79,116
5% 12/1/28
 
 
230,000
244,383
5% 6/1/29
 
 
100,000
107,319
Massachusetts Port Auth. Rev.:
 
 
 
 Series 2014 B, 5% 7/1/29 (d)
 
1,270,000
1,272,083
 Series 2014 C:
 
 
 
5% 7/1/28
 
 
3,000,000
3,005,852
5% 7/1/29
 
 
4,205,000
4,213,640
 Series 2015 A:
 
 
 
5% 7/1/28 (d)
 
 
500,000
506,516
5% 7/1/29 (d)
 
 
1,245,000
1,260,698
5% 7/1/30 (d)
 
 
1,450,000
1,467,228
5% 7/1/40 (d)
 
 
2,000,000
2,011,080
5% 7/1/45 (d)
 
 
3,500,000
3,509,249
 Series 2015 B, 5% 7/1/33 (d)
 
1,015,000
1,026,928
 Series 2016 B:
 
 
 
4% 7/1/46 (d)
 
 
12,950,000
12,135,609
5% 7/1/43 (d)
 
 
11,410,000
11,508,487
 Series 2017 A:
 
 
 
5% 7/1/30 (d)
 
 
1,280,000
1,327,610
5% 7/1/31 (d)
 
 
1,095,000
1,132,504
5% 7/1/32 (d)
 
 
1,370,000
1,416,668
5% 7/1/33 (d)
 
 
1,250,000
1,290,783
5% 7/1/35 (d)
 
 
2,000,000
2,062,379
5% 7/1/36 (d)
 
 
1,720,000
1,768,400
5% 7/1/42 (d)
 
 
4,540,000
4,598,847
 Series 2019 A:
 
 
 
5% 7/1/24 (d)
 
 
4,140,000
4,144,924
5% 7/1/30 (d)
 
 
725,000
773,436
5% 7/1/33 (d)
 
 
4,085,000
4,351,678
5% 7/1/34 (d)
 
 
5,605,000
5,968,457
5% 7/1/35 (d)
 
 
5,000,000
5,314,830
5% 7/1/36 (d)
 
 
1,995,000
2,106,029
5% 7/1/37 (d)
 
 
1,100,000
1,154,027
5% 7/1/40 (d)
 
 
4,450,000
4,598,735
 Series 2019 B, 5% 7/1/44
 
5,000,000
5,263,373
 Series 2019 C:
 
 
 
5% 7/1/31 (d)
 
 
3,500,000
3,730,849
5% 7/1/32 (d)
 
 
2,700,000
2,877,277
5% 7/1/38 (d)
 
 
11,275,000
11,744,598
5% 7/1/39 (d)
 
 
5,000,000
5,183,612
5% 7/1/49 (d)
 
 
2,500,000
2,534,701
 Series 2021 A:
 
 
 
5% 7/1/38
 
 
2,125,000
2,351,467
5% 7/1/39
 
 
1,125,000
1,237,020
5% 7/1/40
 
 
1,045,000
1,140,014
 Series 2021 B, 5% 7/1/39 (d)
 
1,325,000
1,401,655
 Series 2021 D:
 
 
 
5% 7/1/46
 
 
3,180,000
3,396,880
5% 7/1/51
 
 
5,740,000
6,016,429
 Series 2021 E:
 
 
 
5% 7/1/33 (d)
 
 
3,440,000
3,741,073
5% 7/1/40 (d)
 
 
4,000,000
4,208,463
5% 7/1/41 (d)
 
 
1,940,000
2,033,860
5% 7/1/51 (d)
 
 
11,775,000
12,049,387
 Series 2022 A:
 
 
 
5% 7/1/31 (d)
 
 
2,630,000
2,862,588
5% 7/1/36 (d)
 
 
2,450,000
2,663,232
5% 7/1/39 (d)
 
 
1,460,000
1,554,447
5% 7/1/40 (d)
 
 
2,780,000
2,941,942
Massachusetts Port Auth. Spl. Facilities Rev.:
 
 
 
 (Bosfuel Proj.) Series 2019 A:
 
 
 
5% 7/1/24 (d)
 
 
615,000
615,420
5% 7/1/25 (d)
 
 
1,000,000
1,007,699
5% 7/1/28 (d)
 
 
1,500,000
1,571,077
5% 7/1/32 (d)
 
 
500,000
530,434
5% 7/1/33 (d)
 
 
1,000,000
1,060,492
5% 7/1/34 (d)
 
 
1,250,000
1,325,072
5% 7/1/49 (d)
 
 
5,620,000
5,705,937
 Series 2019 A:
 
 
 
4% 7/1/44 (d)
 
 
5,000,000
4,662,550
5% 7/1/31 (d)
 
 
1,250,000
1,326,456
Massachusetts School Bldg. Auth. Dedicated Sales Tax Rev.:
 
 
 
 Series 2019 A, 5% 2/15/44
 
11,510,000
12,075,769
 Series 2020 A, 3% 8/15/50
 
5,030,000
3,691,129
 Series A:
 
 
 
5% 8/15/32
 
 
1,500,000
1,678,339
5% 8/15/33
 
 
1,675,000
1,873,400
5% 8/15/34
 
 
3,000,000
3,349,543
5% 8/15/35
 
 
2,000,000
2,227,329
5% 8/15/37
 
 
1,400,000
1,538,850
5% 8/15/45
 
 
10,000,000
10,602,785
5% 8/15/50
 
 
16,615,000
17,367,638
 Series B, 5% 11/15/39
 
1,975,000
2,036,083
Massachusetts Spl. Oblig. Dedicated Tax Rev. Series 2005:
 
 
 
 5.5% 1/1/30 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
17,000,000
19,194,632
 5.5% 1/1/34 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
14,770,000
16,817,925
Massachusetts St Dev. Fin. Agcy. R:
 
 
 
 Series 2024 B, 5% 2/15/34
 
10,000,000
11,839,549
 Series 2024, 5% 3/1/34
 
14,630,000
17,045,678
Massachusetts State College Bldg. Auth. Rev.:
 
 
 
 Series 1999 A, 0% 5/1/28 (Escrowed to Maturity)
 
1,700,000
1,481,689
 Series 2003 B, 0% 5/1/28 (Assured Guaranty Corp. Insured)
 
6,080,000
5,261,886
 Series 2021 A:
 
 
 
2% 5/1/37
 
 
1,060,000
788,678
2.125% 5/1/51
 
 
2,000,000
1,117,965
 Series 2022 A:
 
 
 
4% 5/1/36
 
 
600,000
629,894
4% 5/1/38
 
 
750,000
773,278
4% 5/1/40
 
 
1,000,000
1,019,255
4% 5/1/41
 
 
625,000
633,616
4% 5/1/42
 
 
550,000
555,552
5% 5/1/32
 
 
600,000
686,087
Massachusetts Tpk. Auth. Metropolitan Hwy. Sys. Rev. Sr. Series A:
 
 
 
 0% 1/1/25 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
5,110,000
4,976,201
 0% 1/1/28 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
12,700,000
11,095,671
 0% 1/1/29 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
33,195,000
27,998,824
Massachusetts Wtr. Resources Auth. Wtr. & Swr. Rev. Series 2020 B:
 
 
 
 5% 8/1/41
 
3,155,000
3,401,854
 5% 8/1/42
 
7,415,000
7,972,137
Maynard Gen. Oblig. Series 2012, 2.75% 2/15/32
 
385,000
351,429
Newton Gen. Oblig. Series 2016, 3% 4/1/33
 
545,000
521,116
Norwood Gen. Oblig. Series 2016, 2.125% 7/15/30
 
1,020,000
912,223
Quincy Gen. Oblig.:
 
 
 
 Series 2021, 2% 1/15/46
 
1,755,000
1,064,694
 Series 2022 B, 5% 7/1/47
 
4,995,000
5,345,523
Revere Gen. Oblig. Series 2016, 3% 3/1/31
 
430,000
414,432
Sharon Gen. Oblig.:
 
 
 
 Series 2021, 2% 2/15/36
 
635,000
500,940
 Series 2022, 3% 2/15/37
 
150,000
134,846
Swampscott Gen. Oblig. Series 2022, 3% 3/1/36
 
1,000,000
930,422
Town of Tisbury Gen. Oblig. Series 2022:
 
 
 
 4% 8/15/36
 
1,780,000
1,869,011
 4% 8/15/40
 
1,995,000
2,038,409
 4% 8/15/41
 
2,085,000
2,112,884
Univ. of Massachusetts Bldg. Auth. Facilities Rev. Series 2020 1, 5% 11/1/50
 
4,015,000
4,215,019
Univ. of Massachusetts Bldg. Auth. Rev. Series 2019 1:
 
 
 
 5% 5/1/35
 
2,000,000
2,184,065
 5% 5/1/36
 
3,400,000
3,694,235
 5% 5/1/37
 
3,200,000
3,455,215
 5% 5/1/38
 
3,000,000
3,225,923
 5% 5/1/39
 
2,000,000
2,142,267
Worcester Gen. Oblig. Series 2024:
 
 
 
 5% 2/15/34
 
3,720,000
4,287,882
 5% 2/15/36
 
4,435,000
5,077,599
 5% 2/15/37
 
3,045,000
3,456,241
TOTAL MASSACHUSETTS
 
 
1,614,488,074
Puerto Rico - 1.8%
 
 
 
Puerto Rico Commonwealth Aqueduct & Swr. Auth. Series 2021 B, 5% 7/1/37 (b)
 
4,885,000
5,096,830
Puerto Rico Commonwealth Pub. Impt. Gen. Oblig. Series 2021 A1:
 
 
 
 0% 7/1/33
 
5,238,348
3,429,879
 5.625% 7/1/27
 
625,000
649,588
 5.625% 7/1/29
 
1,925,000
2,074,369
 5.75% 7/1/31
 
4,525,000
5,043,569
Puerto Rico Hsg. Fin. Auth. Series 2020, 5% 12/1/27
 
4,435,000
4,626,405
Puerto Rico Sales Tax Fing. Corp. Sales Tax Rev.:
 
 
 
 Series 2018 A1, 0% 7/1/31
 
5,010,000
3,773,212
 Series 2019 A2, 4.329% 7/1/40
 
6,880,000
6,714,644
TOTAL PUERTO RICO
 
 
31,408,496
 
TOTAL MUNICIPAL BONDS
 (Cost $1,722,193,454)
 
 
 
1,645,896,570
 
 
 
 
Municipal Notes - 1.6%
 
 
Principal
Amount (a)
 
Value ($)
 
Massachusetts - 1.6%
 
 
 
Massachusetts Health & Edl. Facilities Auth. Rev. Series 2007 A1, 3.41% 5/1/24 (Liquidity Facility Bank of America NA), VRDN (c)
 
5,040,000
5,040,000
Massachusetts Hsg. Fin. Agcy. Multi-Family Rev. Participating VRDN Series 2022 D1:
 
 
 
 3.45% 5/1/24 (Liquidity Facility Barclays Bank PLC) (c)(e)(f)
 
14,945,000
14,945,000
 3.45% 5/1/24 (Liquidity Facility Barclays Bank PLC) (c)(e)(f)
 
7,500,000
7,500,000
 
 
 
 
 
TOTAL MUNICIPAL NOTES
 (Cost $27,485,000)
 
 
 
27,485,000
 
 
 
 
Money Market Funds - 2.3%
 
 
Shares
Value ($)
 
Fidelity Municipal Cash Central Fund 3.61% (g)(h)
 
 (Cost $38,840,065)
 
 
38,832,299
38,843,948
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 99.1%
 (Cost $1,788,518,519)
 
 
 
1,712,225,518
NET OTHER ASSETS (LIABILITIES) - 0.9%  
16,380,672
NET ASSETS - 100.0%
1,728,606,190
 
 
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 $41,867,782 or 2.4% 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 3.61%
99,624,325
56,341,383
117,124,093
172,052
8,409
(6,076)
38,843,948
1.9%
Total
99,624,325
56,341,383
117,124,093
172,052
8,409
(6,076)
38,843,948
 
 
 
 
 
 
 
 
 
 
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.
 
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.