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Fidelity Municipal Income Fund

FHIGX · NASDAQ

Market closed$12.28$-0.010000 (-0.08%)

Key statistics

Previous close$12.29
Open$12.28
Day high$12.28
Day low$12.28
52-week high$12.55
52-week low$11.83
Market cap4.70B
Volume—
Average volume—
P/E ratio—
Forward P/E—
EPS—
Dividend yield0.00%

Market context

Why it moved

FHIGX experienced a marginal decline today, consistent with a negligible, low-volume trading session that reflected routine price settling rather than any specific catalytic news or market event.

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What is happening

Recent company-specific developments and publisher coverage.

July 14, 2026Fidelity Municipal Income Fund closed essentially unchanged as investors navigated a complex macro backdrop featuring a softer-than-expected June CPI print (3.5% headline) and ongoing US-Iran geopolitical tensions that pushed oil prices sharply higher. The cooler inflation data offers some near-term relief for municipal bond valuations, though rising oil prices and a Federal Reserve that has shifted toward a hawkish posture—with rate hike odds elevated for later in 2026—continue to cloud the fixed-income outlook. Strong Q2 bank earnings from JPMorgan, Goldman Sachs, and Bank of America dominated financial sector sentiment, but had limited direct impact on the tax-exempt muni market.

-0.081

June 29, 2026Fidelity Municipal Income Fund (FHIGX) closed essentially unchanged amid a broader market rebound driven by the U.S.-Iran ceasefire agreement, which halted days of tit-for-tat strikes in the Strait of Hormuz and lifted equity futures. Municipal bond funds like FHIGX remain a focus as the macro backdrop—including falling oil prices and a hawkish Fed stance on inflation—shapes the interest rate outlook, with markets watching Thursday's June nonfarm payrolls report for signals on the pace of future rate moves that directly affect muni valuations.

0.0808

June 25, 2026Fidelity Municipal Income Fund edged up modestly, benefiting from a constructive fixed-income backdrop as investors rotated toward defensive, income-generating assets amid a volatile week for equities. A tech-led selloff earlier in the week rattled risk appetite, while rising expectations of Federal Reserve rate hikes — with Bank of America now forecasting three hikes this year — have kept bond market participants cautious. For municipal bond funds like FHIGX, the higher-for-longer rate narrative presents a nuanced picture: near-term NAV pressure from rising yields is tempered by improving reinvestment income potential, as noted in the fund's Q1 2026 commentary.

0.2429

June 23, 2026Fidelity Municipal Income Fund closed essentially unchanged, slipping just 0.16%, as the fund's fixed-income and tax-exempt nature offered a degree of insulation from a broader tech-driven equity selloff that pressured the S&P 500 and Nasdaq. The Q1 2026 fund commentary highlighted the fund's diversified exposure to general obligation and revenue-backed municipal securities, while rising rate-hike expectations—with traders now pricing in nearly a 90% chance of at least one Fed hike this year under new Chair Kevin Warsh—continue to weigh on the broader municipal bond landscape.

-0.1617

June 22, 2026Fidelity Municipal Income Fund closed essentially unchanged, reflecting the interest-rate sensitivity inherent in municipal bond funds amid a challenging macro backdrop. New Fed Chair Kevin Warsh's decision to strip forward guidance from the June 17 policy statement has pushed the 10-year Treasury yield to 4.49% and lifted Fed rate-hike expectations to ~75% probability by September, pressuring fixed-income valuations. Investors are also awaiting Thursday's May PCE inflation report — the Fed's preferred gauge — which could further shape the rate outlook and weigh on muni bond performance heading into month-end.
eciks.org · July 18, 2026Fidelity debuts its first ETF share classes, adding three fixed-income strategies to existing mutual fund lineupSeeking Alpha · June 21, 2026Fidelity Municipal Income Fund Q1 2026 CommentaryInvestmentNews · June 16, 2026Fidelity is boarding the ETF share class expressSeeking Alpha · December 21, 2025Fidelity Municipal Income Fund Q3 2025 Commentary (undefined:FHIGX)

Peers

S&P 500SPX · $7,457.69-1.01%Fidelity Small Cap Value FundFCPVX · $25.47-0.62%Fidelity Freedom Blend 2035FHASX · $14.50-0.55%Fidelity Limited Term Municipal Income FundFSTFX · $10.57-0.09%Fidelity Intermediate Bond FundFTHRX · $10.200.00%Carillon Eagle Mid Cap Growth FundHRAUX · $76.42-0.64%PIMCO CommoditiesPLUS Strategy FundPCLIX · $8.31+1.59%T. Rowe Price New EraPRNEX · $46.35+0.46%T. Rowe Price U.S. Treasury Long-Term Index FundPRULX · $6.94+0.29%ClearBridge Aggressive Growth FundSHRAX · $92.80-0.68%Smead Value FundSMVLX · $98.39-0.21%