Fidelity New Jersey Municipal Income  FNJHX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Muni New Jersey Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Avg Duration
   7.10 Yrs
   Avg Credit Quality
   A
As of 2009-09-30
Day Change
$ -0.01
  
NAV (2009-11-10)
$ 11.41
  
YTD Return % (2009-11-10)
10.39%
  
Total Assets ($ mil)
646
View Data Definitions
  Performance    
Growth of $10,000 Fund: Fidelity New Jersey Municipal Income
(from 1999-01-01 to 2009-10-31) Category: Muni New Jersey
Index: BarCap Municipal TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-10
Inception date: 1987-12-31 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-10
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 11.20 9.62 3.84 4.04 5.37 6.41
+/- Category -5.17 -4.54 1.36 0.76 0.65 ---
+/- BarCap Municipal TR USD -0.94 -2.05 -0.41 -0.32 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 13.11 13.18 4.74 4.48 5.51 6.54
Month-End (as of 2009-10-31) 10.67 11.80 3.75 3.82 5.37 6.41
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 11.75 3.71 3.73 5.28 ---
On Distribution & Sale of Shares --- 9.15 3.76 3.82 5.22 ---
Morningstar Rating --- --- ---
# of compared funds covered (3 yrs : out of 64 funds), (5 yrs : out of 56 funds), (10 yrs : out of 48 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is 0.50%.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
General Obligations 4.45
Advance Refunded 8.89
State Appropriated Tobacco ---
Non-state Appropriated Tobacco 6.59
Education 14.02
Health 4.42
Housing ---
Industrial 1.87
Transportation 22.64
Utilities 2.16
Water/Sewer 12.24
Misc. Revenue 22.72
Bond Quality % of Bonds
AAA 3.6
AA 25.2
A 52.2
BBB 9.4
BB 0.5
B 0.0
Below B 0.0
Not Rated 9.1
 
Asset Allocation
% of Net Assets
Cash 0.5
Stocks 0.0
Bonds 99.5
Other 0.0
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings Turnover % 19
Total Number of Bond Holdings 175 30 Day SEC Yield % 3.18
% of Assets in Top 10 Holdings 21.86 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
New Jersey Econ Dev Auth 5.125% 2028-03-01 18,455 19,510 3.06
New Jersey St Transn Tr Fd Aut Tran 5.5% 2020-12-15 15,235 17,913 2.81
New Jersey Econ Dev Auth 5.25% 2022-03-01 15,700 16,954 2.66
New Jersey Econ Dev Auth 5.5% 2019-12-15 14,000 16,514 2.59
Garden St N J Preservation Tr Rev 6.375% 2015-11-01 11,515 14,278 2.24
New Jersey St Transn Tr Fd Aut Tran 5.5% 2015-12-15 11,000 12,746 2.00
New Jersey St Transn Tr Fd Aut Tra 5.25% 2016-12-15 9,830 11,119 1.74
New Jersey St Transn Tr Fd Aut Tra 5.25% 2020-06-15 10,000 11,086 1.74
New Jersey Econ Dev Auth 5.25% 2024-03-01 9,000 9,677 1.52
New Jersey Econ Dev Auth 5.25% 2026-03-01 9,000 9,600 1.50
Data through 2009-09-30
  Other Information
Fund Inception: 1987-12-31
Portfolio Manager  (Start Date)
Jamie Pagliocco  (2009-02-01)
Pagliocco is co-manager of Advisor Municipal Income Fund, which he has managed since February 2009. He also manages other Fidelity funds. Since joining Fidelity Investments in 2001, Mr. Pagliocco has worked as a municipal bond trader, assistant fixed income head trader and portfolio manager.
Sales Charge %
(taken from prospectus dated 2009-03-25)
Front: None
Deferred: None
Expense Ratio % 0.45
based on net assets
(taken from annual report dated 2008-11-30)
Correspondence Information

82 Devonshire St.
Boston,  MA  02109
USA
Telephone:
800-544-9797
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.