2018: Fidelity National Municipal Funds Interest Dividends by ...

[Pages:27]IMPORTANT TAX INFORMATION

Updated March 2019, to include Strategic Advisers funds.

2018: Fidelity National Municipal Funds Interest Dividends by Month

You may need this information to prepare your state income tax return. If, during 2018 you owned shares of any of the Fidelity funds listed in the tables that follow, then a portion of the federal taxexempt interest dividends you earned may be exempt from your state's income tax.

The enclosed tables provide information for exempt-interest dividends earned from January 2018 through December 2018. Dividends declared in December must be reported as income in the year declared, even if they are paid the following January.

To determine the portion of your tax-exempt interest dividends that may be exempt from your state's income tax, multiply the total tax-exempt interest dividend you received from the fund as of the end of each month, as shown in the Transaction Details section of your monthly or quarterly statements, by the percentage of interest received from your home state plus, if applicable, the U.S. territories. Although state tax laws differ, many states do not tax interest on the bonds they issue or on municipal bonds issued within the same state. Interest income from securities issued by U.S. territories and possessions is exempt from federal, state, and local income tax in all 50 states. For this reason, you should add the percentages listed for any U.S. territories or possessions to the percentage for your given state.

The following example shows how a Massachusetts investor who purchased shares of Fidelity? Intermediate Municipal Income Fund in October 2018, and earned $1,000 in exempt interest dividends per month in October, November, and December, would calculate the portion of the interest dividends that may be exempt from state income tax.

Month October

Interest Dividends (from your statement)

$1,000 x

Total Percentage of Qualifying Interest Dividends from MA and Applicable U.S.

Territories (from table)

1.38%

(MA 1.38% + GUA 0% + PR0% + VI 0%)

Portion of Interest Dividends that May

Be Exempt from State Income Taxes

= $13.80

November

$1,000 x

1.36% (MA 1.36% + GUA 0% + PR0% + VI 0%)

= $13.60

December

$1,000 x

1.37% (MA 1.37% + GUA 0% + PR0% + VI 0%)

= $13.70

Total

$41.10

Fidelity does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. Fidelity makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation.

The Fidelity Investments and pyramid design logo is a registered service mark of FMR LLC.

? 2019 FMR LLC. All rights reserved.

424462.18.0

IMPORTANT TAX INFORMATION

Your state tax return will contain specific instructions for reporting dividends. We suggest you consult your tax advisor, who is most familiar with your circumstances and the laws of the state in which you reside, to determine how you should report this information on your state tax returns. If you have any questions or need additional information, please visit our Web site at tax, or call our Tax Reporting Line at 1-800-544-6666. Fidelity Representatives are available 24 hours a day, 7 days a week.

Fidelity does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. Fidelity makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. The Fidelity Investments and pyramid design logo is a registered service mark of FMR LLC. ? 2019 FMR LLC. All rights reserved. 424462.18.0

Fidelity? Conservative Income Municipal Bond Fund: Retail and

Instituational Classes

Alabama Alaska Arizona Arkansas California1 Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois1 Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota1 Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina Tennessee Texas Utah2 Virginia Washington West Virginia Wisconsin Wyoming

Jan 1.07%

0.81% 0.20%

2.12% 1.87% 6.76% 0.01% 0.03% 5.27% 1.86% 0.03% 0.20%

11.18% 0.69% 0.06% 0.08% 1.94% 8.23% 0.04% 0.16% 2.89% 3.22%

0.06% 0.38% 0.30% 0.15% 0.06% 1.89% 0.20% 8.78% 0.23% 8.15% 0.41% 4.86%

0.06% 2.87% 0.12% 2.47% 2.25% 10.14%

2.58% 1.28% 2.54% 0.23% 1.25% 0.01%

Feb 1.00%

0.89% 0.34%

2.21% 1.89% 6.52% 0.02% 0.03% 5.54% 2.40% 0.03% 0.18%

9.32% 0.62% 0.04% 0.09% 2.01% 7.11% 0.04% 0.14% 2.44% 3.32%

0.03% 0.18% 0.35% 0.15% 0.06% 1.74% 0.19% 10.65% 0.22% 8.53% 0.38% 4.76% 0.05% 0.07% 3.37% 0.14% 2.64% 1.81% 10.04%

2.39% 1.30% 2.64% 0.23% 1.90% 0.02%

Mar 0.68% 0.01% 0.73% 0.28%

2.31% 1.73% 6.48% 0.01% 0.02% 5.49% 2.87% 0.03% 0.18%

8.57% 0.70% 0.01% 0.11% 1.99% 8.64% 0.04% 0.15% 2.41% 3.04%

0.10% 0.35% 0.13% 0.06% 1.76% 0.18% 10.91% 0.20% 8.99% 0.38% 4.86% 0.09% 0.06% 2.95% 0.12% 2.59% 0.51% 10.29%

2.52% 1.20% 3.16% 0.21% 1.86% 0.04%

Apr 0.54% 0.04% 0.66% 0.25%

2.52% 1.59% 6.47% 0.01% 0.01% 4.22% 2.26% 0.03% 0.19%

7.90% 0.70%

0.10% 1.94% 9.35% 0.04% 0.17% 2.54% 2.91%

0.04% 0.37% 0.12% 0.12% 1.83% 0.16% 12.34% 0.18% 7.88% 0.32% 5.05% 0.08% 0.05% 2.87% 0.11% 2.76% 0.47% 11.74%

2.89% 1.08% 3.15% 0.18% 1.75% 0.01%

May 0.56% 0.10% 0.73% 0.27%

1.93% 1.93% 7.25% 0.05% 0.01% 5.02% 1.71% 0.03% 0.18%

7.72% 0.61%

0.11% 2.68% 8.29% 0.04% 0.14% 2.19% 2.90%

0.08% 0.35% 0.13% 0.15% 1.78% 0.17% 15.01% 0.19% 9.00% 0.29% 4.48% 0.08% 0.07% 3.29% 0.15% 2.62% 0.45% 9.96%

2.59% 1.13% 1.57% 0.20% 1.78% 0.02%

Jun 0.64% 0.09% 0.77% 0.29%

1.54% 1.89% 6.84% 1.26% 0.01% 4.93% 2.10% 0.03% 0.16%

7.06% 1.42% 0.01% 0.12% 2.72% 7.80% 0.03% 0.15% 2.01% 2.76%

0.28% 0.11% 0.14% 0.14% 1.75% 0.17% 17.32% 0.18% 8.30% 0.26% 3.80% 0.08% 0.10% 3.45% 0.14% 2.57% 0.42% 9.86%

2.36% 1.17% 0.99% 0.21% 1.66% 0.03%

Jul 0.53% 0.09% 0.68% 0.24%

1.77% 1.99% 6.50% 0.62% 0.01% 4.55% 1.95%

0.15%

6.90% 1.35%

0.09% 3.67% 7.09% 0.03% 0.09% 2.30% 2.67%

0.16% 0.09% 0.12% 0.13% 1.64% 0.16% 20.31% 0.18% 6.94% 0.24% 3.45% 0.08% 0.04% 3.99% 0.14% 2.34% 0.40% 8.95%

2.08% 1.32% 0.97% 1.53% 1.59%

-

Aug 0.57% 0.08% 0.53% 0.21%

2.65% 2.03% 5.68% 0.81% 0.01% 4.88% 2.32%

0.15%

6.34% 0.64%

0.08% 3.17% 6.58% 0.03% 0.11% 2.38% 3.28%

0.18% 0.03% 0.10% 0.05% 1.76% 0.14% 19.00% 0.16% 7.07% 0.46% 3.82% 0.07% 0.19% 3.83% 0.08% 2.57% 0.39% 8.85%

2.39% 1.16% 1.14% 2.53% 1.74%

-

Sep 0.56% 0.08% 0.53% 0.21%

2.46% 3.34% 5.55% 0.72% 0.01% 4.02% 3.02%

0.13%

6.56% 0.54% 0.09% 0.08% 2.22% 5.97% 0.03% 0.12% 2.40% 3.20%

0.01% 0.24% 0.03% 0.10% 0.05% 1.79% 0.14% 19.10% 0.16% 6.94% 0.46% 4.30% 0.07% 0.12% 4.02% 0.09% 2.60% 0.39% 8.45%

2.44% 1.16% 1.14% 2.59% 1.96%

-

Oct 0.31% 0.09% 0.62% 0.21%

2.62% 3.30% 5.34% 0.74% 0.07% 4.20% 3.68%

0.11%

6.93% 0.74% 0.54% 0.11% 2.33% 2.93% 0.03% 0.13% 2.44% 3.06%

0.06% 0.45% 0.04% 0.10% 0.05% 1.80% 0.11% 19.15% 0.15% 8.37% 0.46% 3.54% 0.06% 0.05% 3.72% 0.10% 2.69% 0.39% 8.72%

2.28% 1.15% 1.34% 2.71% 1.93%

-

Nov 0.28% 0.13% 0.62% 0.19%

5.39% 2.45% 4.70% 0.50% 0.09% 4.66% 3.65%

0.11%

7.00% 1.09% 0.55% 0.10% 2.27% 2.35% 0.03% 0.12% 2.41% 2.67%

0.07% 0.39% 0.04% 0.09% 0.05% 1.77% 0.10% 20.32% 0.15% 9.86% 0.47% 1.75% 0.05% 0.03% 4.06% 0.10% 2.07% 0.45% 8.37%

1.87% 1.09% 1.44% 2.64% 1.43%

-

Dec 0.57% 0.13% 0.61% 0.19%

6.22% 2.43% 4.62% 0.20% 0.25% 4.91% 3.33%

0.11%

6.83% 1.20% 0.54% 0.08% 2.06% 2.27% 0.03% 0.11% 2.59% 2.23%

0.07% 0.51% 0.04% 0.09% 0.05% 1.71% 0.09% 19.73% 0.15% 10.17% 0.45% 2.09% 0.05% 0.02% 3.81% 0.22% 2.59% 0.48% 7.93%

1.92% 1.06% 1.40% 2.83% 1.02%

-

As always, consult your tax advisor as to whether all or some portion of the dividend income derived from a fund's investment in municipal bonds issued by your home state and/ or U.S. territories may be exempt from state income tax. 1Certain states require funds to meet in-state investment thresholds before a shareholder can exempt the income earned from bonds issued by his or her home state. In 2018 none of the funds listed above satisfied the thresholds imposed by California or Minnesota. Certain states, such as California, may require the payers of exempt interest dividends to report to the state tax authority any municipal bond interest and exempt-interest dividends paid to residents. Other states, such as Illinois, do not exempt interest earned from obligations issued by the state when held indirectly through a mutual fund.

2Utah residents should refer to the letter, also available on the Fidelity Mutual Fund Tax Information page, that provides information on the treatment of distributions

from Fidelity municipal funds based on Utah's state law.

Fidelity FlexSM Conservative Income Municipal Bond Fund (FUEMX)

Alabama Alaska Arizona Arkansas California1 Colorado Connecticut Delaware District Of Columbia Florida Georgia Illinois1 Indiana Iowa Kansas Kentucky Louisiana Maryland Massachusetts Michigan Minnesota1 Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah2 Virginia Virgin Islands Washington West Virginia Wisconsin Wyoming

Jan 0.10%

1.72% 1.07% 0.04% 1.68% 2.43% 0.03%

16.28% 1.59% 11.61% 0.05% 0.02% 0.02% 1.48% 1.43% 0.02% 0.05% 10.24% 0.16% 0.29% 0.67% 0.02% 0.77% 1.61% 0.02% 4.19%

1.08% 5.78%

1.17%

0.04% 15.72%

0.02% 6.05%

0.07% 10.24%

0.95%

0.66% 0.02% 0.58% 0.03%

Feb 0.02%

1.69% 0.85%

1.43% 2.50% 0.01%

16.11% 2.24% 10.62% 0.01%

4.76% 1.38% 0.01% 10.74% 1.70% 0.88%

0.78% 1.65%

4.73%

0.84% 2.51%

1.37%

0.01% 15.25%

5.31% 10.45% 0.92% 0.66%

0.54% 0.01%

Mar -

1.57% -

1.55% 2.92%

15.00% 2.48% 10.81% 5.28% 1.29% 10.88% 1.61% 3.72% 0.96% 0.73% 1.55% 4.77% 0.75% 1.82% 1.42% 13.39% 5.64% 10.33% 0.87% 0.16% 0.50% -

Apr 0.99% 0.10% 1.21% 0.25% 4.20% 1.07% 2.50% 0.20%

0.54% 5.05% 10.99% 0.98% 0.08% 0.12% 3.73% 1.04% 0.13% 0.06% 5.88% 0.71% 2.28% 0.61% 0.09% 0.39% 0.86% 0.09% 3.07%

2.23% 1.05%

1.01%

0.20% 10.98%

3.98% 7.91%

0.06% 12.00% 4.38% 0.90%

4.46% 0.12% 0.46% 3.07%

May 0.30% 0.03% 0.71% 0.11% 3.92% 1.42% 3.17% 0.13%

3.66% 1.97% 19.67% 2.64% 0.01% 0.06% 4.66% 0.60% 0.07% 0.04% 4.10% 0.47% 1.55% 0.35% 0.04% 0.47% 5.40% 0.04% 5.64%

2.24% 0.60%

0.84%

0.10% 7.23%

0.41% 6.88%

8.55% 5.19% 0.44% 4.64% 0.05% 1.38% 0.24%

Jun 1.27%

0.46%

0.47% 1.58% 3.84% 1.14%

3.36% 1.38% 20.73% 2.05%

5.76% 0.36% 0.39% 6.31% 0.68% 1.36% 1.54% 4.81% 11.69% 2.09% 0.53% 1.47% 0.73% 3.93% 0.75% 5.67% 5.20% 5.43% 0.38% 3.25% 1.40% -

Jul 0.07%

0.48%

0.25% 1.67% 3.92% 0.89%

2.45% 1.65% 19.28% 1.59%

6.64% 0.36% 1.18% 6.86% 0.79% 1.10% 1.57% 3.21% 17.38% 3.55% 0.49% 1.42% 0.77% 2.38% 0.54% 4.72% 5.19% 3.81% 0.84% 2.23% 1.30% 1.39% -

Aug 0.17%

0.41%

1.06% 1.77% 3.26% 1.15%

2.84% 3.17% 18.01% 0.29%

5.73% 0.31% 1.13% 6.75% 0.68% 1.05% 1.35% 3.35% 17.55% 4.55% 0.75% 1.51% 0.66% 2.55% 3.46% 6.13% 4.13% 0.71% 2.66% 1.41% 1.45% -

Sep 0.43%

0.27%

1.11% 3.40% 3.88% 0.38%

1.81% 3.92% 18.35% 0.28% 0.09%

4.64% 0.73%

1.17% 6.44% 0.65% 1.61%

1.28% 3.26% 17.73% 4.39% 0.27% 1.96% 0.63% 0.30% 3.31% 2.53% 5.35% 3.83% 0.73% 2.20% 1.34% 1.71% -

Oct 0.69%

0.27%

1.29% 3.27% 4.99%

2.94% 4.07% 17.05% 1.75% 0.54% 4.12% 0.93% 1.10% 6.30% 0.77% 2.21% 1.48% 3.14% 18.00% 5.29% 0.26% 1.71% 0.59% 0.11% 3.42% 1.21% 6.26% 1.46% 0.95% 0.33% 1.66% 1.81% -

Nov 0.38%

0.53%

2.52% 3.70% 4.01%

6.78% 4.01% 15.49% 4.43% 0.53% 3.27% 0.91% 1.07% 4.75% 0.72% 0.55% 1.51% 3.06% 18.25% 6.05% 0.26% 1.03% 0.55% 3.63% 0.05% 0.22% 0.12% 7.08% 0.89% 0.39% 1.56% 1.71% -

Dec 0.65%

0.52%

3.81% 3.94% 3.14%

0.15% 7.05% 4.30% 15.02% 4.07% 0.52% 0.28% 3.17% 0.85%

1.33% 4.83% 0.59%

1.46% 2.98% 17.91% 6.07% 0.25% 0.65% 0.54% 0.01% 3.61% 0.70% 0.01% 0.33% 6.85% 0.87% 0.38% 1.52% 1.66% -

As always, consult your tax advisor as to whether all or some portion of the dividend income derived from a fund's investment in municipal bonds issued by your home state and/ or U.S. territories may be exempt from state income tax. 1Certain states require funds to meet in-state investment thresholds before a shareholder can exempt the income earned from bonds issued by his or her home state. In 2018 none of the funds listed above satisfied the thresholds imposed by California or Minnesota. Certain states, such as California, may require the payers of exempt interest dividends to report to the state tax authority any municipal bond interest and exempt-interest dividends paid to residents. Other states, such as Illinois, do not exempt interest earned from obligations issued by the state when held indirectly through a mutual fund.

2Utah residents should refer to the letter, also available on the Fidelity Mutual Fund Tax Information page, that provides information on the treatment of distributions

from Fidelity municipal funds based on Utah's state law.

Fidelity? Intermediate Municipal Income Fund (FLTMX)

Alabama Alaska Arizona Arkansas California1 Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois1 Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota1 Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah2 Virginia Washington West Virginia Wisconsin Wyoming

Jan

1.00% 0.27% 2.94% 0.03% 5.56% 0.99% 0.31% 0.12% 0.59% 14.19% 2.04% 0.23% 0.39% 18.04% 2.53%

0.21% 2.08% 0.64% 0.44% 2.23% 1.53% 2.99% 0.50% 0.01% 0.43% 0.16% 0.26% 0.73% 0.70% 4.38% 0.17% 7.67% 0.64% 1.95% 1.07% 0.11% 3.87% 0.49% 1.56% 0.15% 0.50% 10.51% 0.32% 0.97% 2.22% 0.05% 1.17% 0.20%

Feb

0.97% 0.27% 2.99% 0.03% 5.52% 0.98% 0.39% 0.12% 0.58% 14.39% 2.00% 0.23% 0.39% 17.94% 2.49%

0.20% 2.07% 0.61% 0.43% 2.21% 1.54% 3.00% 0.50%

0.42% 0.16% 0.26% 0.72% 0.69% 4.24% 0.17% 7.88% 0.63% 1.98% 1.05% 0.10% 3.84% 0.48% 1.53% 0.15% 0.48% 10.56% 0.31% 0.99% 2.33% 0.04% 1.06% 0.19%

Mar

0.96% 0.28% 3.00% 0.03% 5.49% 0.98% 0.31% 0.12% 0.58% 14.43% 1.99% 0.23% 0.39% 18.13% 2.48%

0.20% 2.06% 0.59% 0.43% 2.20% 1.50% 2.99% 0.50% 0.01% 0.42% 0.16% 0.25% 0.72% 0.69% 4.19% 0.17% 7.88% 0.63% 2.00% 1.05% 0.10% 3.82% 0.48% 1.52% 0.15% 0.48% 10.68% 0.31% 0.99% 2.29% 0.04% 1.04% 0.19%

Apr

0.97% 0.30% 3.02% 0.04% 5.44% 0.97% 0.33% 0.12% 0.57% 14.29% 2.00% 0.22% 0.39% 18.27% 2.47%

0.20% 2.06% 0.53% 0.43% 2.20% 1.49% 2.99% 0.49%

0.42% 0.16% 0.26% 0.76% 0.69% 4.18% 0.17% 7.82% 0.60% 1.99% 1.03% 0.11% 3.79% 0.48% 1.53% 0.15% 0.40% 11.01% 0.32% 0.99% 2.21% 0.04% 1.04% 0.20%

May

0.96% 0.29% 3.07% 0.03% 5.50% 0.97% 0.31% 0.12% 0.58% 14.25% 2.31% 0.23% 0.39% 18.07% 2.47%

0.20% 2.07% 0.50% 0.43% 2.20% 1.50% 2.98% 0.50% 0.07% 0.42% 0.16% 0.26% 0.82% 0.68% 4.21% 0.14% 7.40% 0.60% 2.00% 1.00% 0.10% 3.82% 0.52% 1.45% 0.15% 0.41% 11.21% 0.32% 1.00% 2.21% 0.04% 1.02% 0.19%

Jun

0.97% 0.29% 3.05% 0.04% 5.61% 0.96% 0.33% 0.12% 0.57% 13.96% 2.43% 0.15% 0.38% 17.76% 2.39%

0.20% 2.10% 0.46% 0.43% 2.18% 1.48% 2.95% 0.49% 0.10% 0.41% 0.16% 0.25% 0.79% 0.67% 4.12% 0.12% 7.41% 0.61% 1.93% 0.98% 0.11% 3.69% 0.55% 1.56% 0.14% 0.44% 11.84% 0.25% 1.18% 2.22% 0.05% 1.00% 0.20%

Jul

0.97% 0.29% 2.91% 0.04% 5.62% 0.99% 0.58% 0.13% 0.84% 14.01% 2.31% 0.15% 0.38% 17.63% 2.41%

0.20% 2.20% 0.48% 0.32% 2.11% 1.40% 3.25% 0.45% 0.10% 0.42% 0.16% 0.23% 0.79% 0.67% 3.98% 0.12% 6.79% 0.62% 1.91% 0.98% 0.11% 3.63% 0.55% 1.63% 0.14% 0.45% 12.20% 0.20% 1.18% 2.28% 0.05% 1.04% 0.19%

Aug

0.99% 0.30% 2.89% 0.04% 5.33% 0.98% 0.73% 0.13% 0.86% 13.90% 2.32% 0.15% 0.38% 17.70% 2.40% 0.02% 0.20% 2.19% 0.51% 0.32% 2.10% 1.41% 3.25% 0.45% 0.14% 0.43% 0.16% 0.23% 0.80% 0.67% 3.96% 0.12% 6.44% 0.62% 1.88% 0.97% 0.12% 3.69% 0.55% 1.81% 0.14% 0.52% 12.23% 0.17% 1.20% 2.25% 0.06% 1.23% 0.19%

Sep

1.00% 0.29% 2.44% 0.03% 4.75% 0.97% 0.90% 0.12% 0.85% 13.84% 2.30% 0.15% 0.38% 17.70% 2.46% 0.09% 0.20% 2.18% 0.47% 0.32% 2.09% 1.40% 3.22% 0.45% 0.11% 0.41% 0.16% 0.23% 0.80% 0.67% 3.88% 0.12% 6.07% 0.62% 1.86% 0.97% 0.08% 3.68% 0.55% 1.78% 0.14% 0.71% 13.42% 0.14% 1.18% 2.45% 0.09% 1.22% 0.19%

Oct

1.04% 0.29% 2.39% 0.03% 4.30% 0.97% 1.04% 0.12% 0.86% 12.77% 2.29% 0.15% 0.38% 18.12% 2.47% 0.09% 0.19% 2.22% 0.47% 0.32% 2.09% 1.38% 3.22% 0.45% 0.10% 0.44% 0.16% 0.23% 0.80% 0.67% 3.80% 0.12% 6.06% 0.62% 1.86% 0.97% 0.08% 3.68% 0.55% 1.78% 0.14% 0.71% 14.21% 0.14% 1.17% 2.67% 0.11% 1.22% 0.19%

Nov

1.02% 0.29% 2.44% 0.03% 4.16% 0.97% 1.02% 0.11% 0.85% 12.72% 2.27% 0.15% 0.19% 18.68% 2.34% 0.09% 0.19% 1.90% 0.45% 0.31% 2.08% 1.36% 3.23% 0.44% 0.09% 0.50% 0.15% 0.23% 0.78% 0.66% 3.76% 0.12% 5.91% 0.62% 1.86% 0.97% 0.06% 3.68% 0.55% 1.78% 0.12% 0.69% 14.78% 0.14% 1.16% 2.66% 0.11% 1.27% 0.19%

Dec

1.05% 0.29% 2.47% 0.03% 4.21% 1.02% 1.06% 0.12% 0.86% 12.89% 2.32% 0.16% 0.17% 18.76% 2.39% 0.10% 0.20% 2.03% 0.46% 0.32% 2.10% 1.37% 3.13% 0.46% 0.10% 0.59% 0.16% 0.23% 0.80% 0.67% 3.78% 0.12% 5.73% 0.63% 1.47% 0.98% 0.08% 3.72% 0.56% 1.87% 0.12% 0.46% 14.70% 0.14% 1.20% 2.53% 0.07% 1.24% 0.19%

As always, consult your tax advisor as to whether all or some portion of the dividend income derived from a fund's investment in municipal bonds issued by your home state and/ or U.S. territories may be exempt from state income tax. 1Certain states require funds to meet in-state investment thresholds before a shareholder can exempt the income earned from bonds issued by his or her home state. In 2018 none of the funds listed above satisfied the thresholds imposed by California or Minnesota. Certain states, such as California, may require the payers of exempt interest dividends to report to the state tax authority any municipal bond interest and exempt-interest dividends paid to residents. Other states, such as Illinois, do not exempt interest earned from obligations issued by the state when held indirectly through a mutual fund.

2Utah residents should refer to the letter, also available on the Fidelity Mutual Fund Tax Information page, that provides information on the treatment of distributions

from Fidelity municipal funds based on Utah's state law.

Fidelity? Limited Term Municipal Income Fund (FSTFX)

Jan

Feb

Mar

Apr

May

Jun

Jul

Alabama Alaska Arizona Arkansas California1 Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Illinois1 Indiana Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota1 Mississippi Missouri Nevada New Hampshire New Jersey New Mexico New York North Carolina Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah2 Virginia Washington West Virginia Wisconsin Wyoming

0.71% 0.49% 3.32% 0.01%

4.62% 0.99% 1.90% 0.16% 0.76% 10.83% 2.67% 0.83%

15.42% 2.38% 0.42% 0.89% 2.18% 0.22% 3.04% 1.55% 3.20%

0.70% 0.01% 0.23% 1.82% 0.49% 8.70% 0.49% 9.74% 1.12% 3.41% 0.65% 0.03% 1.84% 1.25% 1.42% 0.18% 0.18% 8.28%

0.01% 1.05% 0.88% 0.36% 0.72% 0.01%

0.68% 0.49% 3.37%

-

4.53% 0.98% 2.29% 0.15% 0.73% 10.75% 2.34% 0.83%

16.09% 2.36% 0.41% 0.89% 2.14% 0.22% 2.85% 1.51% 3.11%

0.69% -

0.23% 1.64% 0.42% 8.56% 0.49% 10.24% 0.96% 3.57% 0.65% 0.02% 1.79% 1.24% 1.23% 0.17% 0.16% 8.26%

1.04% 1.13% 0.35% 0.58%

-

0.68% 0.49% 3.39%

-

4.50% 0.97% 2.43% 0.16% 0.82% 10.88% 2.35% 0.83%

16.31% 2.42% 0.41% 0.89% 2.15% 0.22% 2.75% 1.54% 3.12%

0.70% -

0.23% 1.63% 0.59% 8.46% 0.49% 9.76% 0.89% 3.52% 0.65% 0.02% 1.71% 1.27% 1.25% 0.17% 0.16% 8.26%

1.04% 1.14% 0.35% 0.56%

-

0.66% 0.52% 3.20%

-

3.93% 1.00% 2.55% 0.16% 0.87% 11.46% 2.40% 0.85%

16.52% 2.48% 0.42% 0.91% 2.20% 0.22% 2.73% 1.58% 3.22%

0.71% -

0.24% 1.67% 0.60% 8.64% 0.50% 9.51% 0.95% 3.52% 0.70% 0.02% 1.80% 1.33% 1.33% 0.18% 0.16% 6.90%

0.36% 1.06% 1.17% 0.36% 0.57%

-

0.64% 0.52% 3.10%

-

3.69% 1.00% 2.56% 0.16% 0.87% 11.46% 2.48% 0.86%

16.52% 2.48% 0.42% 0.91% 2.17% 0.23% 2.72% 1.59% 3.17%

0.72% -

0.24% 1.88% 0.59% 8.50% 0.50% 9.39% 0.95% 3.53% 0.69% 0.02% 1.78% 1.31% 1.30% 0.18% 0.16% 7.36%

0.40% 1.07% 1.13% 0.36% 0.56%

-

0.64% 0.52% 3.03%

-

4.27% 1.00% 2.76% 0.16% 0.88% 11.40% 2.58% 0.86%

16.47% 2.25% 0.41% 0.91% 2.15% 0.23% 2.73% 1.60% 3.07%

0.72% -

0.24% 2.01% 0.59% 8.45% 0.50% 9.13% 0.69% 3.47% 0.69% 0.02% 1.76% 1.29% 1.30% 0.18% 0.16% 7.56%

0.40% 1.08% 1.09% 0.36% 0.56%

-

0.65% 0.52% 3.02%

-

4.34% 1.01% 3.06% 0.16% 1.01% 11.48% 2.81% 0.87%

16.55% 2.21% 0.42% 0.92% 2.17% 0.22% 2.74% 1.52% 3.07%

0.71% -

0.22% 2.03% 0.59% 8.49% 0.51% 8.23% 0.68% 3.46% 0.70% 0.02% 1.78% 1.30% 1.30% 0.18% 0.26% 7.29%

0.40% 1.17% 1.12% 0.37% 0.56%

-

Aug 0.64% 0.49% 3.44%

-

4.49% 1.00% 2.86% 0.16% 1.01% 11.07% 2.78% 0.85%

16.51% 2.18% 0.41% 0.91% 2.13% 0.22% 2.61% 1.51% 3.03%

0.71% -

0.22% 2.01% 0.58% 8.57% 0.51% 7.11% 0.67% 3.44% 0.52% 0.33% 1.55% 1.29% 1.13% 0.18% 0.47% 8.40%

0.40% 1.15% 1.16% 0.36% 1.11%

-

Sep 0.70% 0.46% 3.68%

-

4.52% 0.99% 2.80% 0.16% 1.01% 10.95% 2.75% 0.86%

16.70% 2.25% 0.42% 0.92% 2.15% 0.22% 2.54% 1.52% 3.06%

0.71% -

0.22% 2.55% 0.59% 8.41% 0.51% 6.15% 0.68% 3.41% 0.36% 0.56% 1.46% 1.30% 0.97% 0.12% 0.60% 8.34%

0.40% 1.15% 1.16% 0.37% 1.46%

-

Oct 0.75% 0.46% 3.55%

-

4.43% 0.99% 2.81% 0.16% 1.02% 10.86% 2.68% 0.86%

17.18% 2.26% 0.42% 0.92% 2.15% 0.22% 2.37% 1.45% 3.08%

0.71% -

0.22% 2.77% 0.59% 8.26% 0.51% 5.41% 0.68% 3.36% 0.37% 0.56% 1.44% 1.30% 0.98% 0.12% 0.60% 8.98%

0.40% 1.16% 1.17% 0.37% 1.59%

-

Nov 0.75% 0.44% 3.46%

-

4.32% 1.00% 2.80% 0.16% 1.02% 10.86% 2.62% 0.86%

17.63% 2.27% 0.37% 0.93% 2.04% 0.22% 1.94% 1.32% 3.34%

0.71% -

0.22% 2.71% 0.59% 7.88% 0.51% 4.68% 0.68% 3.35% 0.36% 0.56% 1.44% 1.31% 0.88% 0.12% 0.61% 10.28%

0.40% 1.16% 1.31% 0.37% 1.67%

-

Dec 0.77% 0.37% 3.41%

-

3.94% 1.05% 2.78% 0.16% 1.01% 10.51% 2.60% 0.85%

17.77% 2.27% 0.32% 1.17% 2.05% 0.22% 1.92% 1.30% 3.30%

0.71% -

0.22% 2.42% 0.58% 7.22% 0.51% 4.59% 0.67% 4.61% 0.36% 0.56% 1.43% 1.30% 0.85% 0.12% 0.58% 10.96%

0.39% 1.16% 1.35% 0.37% 1.40%

-

As always, consult your tax advisor as to whether all or some portion of the dividend income derived from a fund's investment in municipal bonds issued by your home state and/ or U.S. territories may be exempt from state income tax. 1Certain states require funds to meet in-state investment thresholds before a shareholder can exempt the income earned from bonds issued by his or her home state. In 2018 none of the funds listed above satisfied the thresholds imposed by California or Minnesota. Certain states, such as California, may require the payers of exempt interest dividends to report to the state tax authority any municipal bond interest and exempt-interest dividends paid to residents. Other states, such as Illinois, do not exempt interest earned from obligations issued by the state when held indirectly through a mutual fund.

2Utah residents should refer to the letter, also available on the Fidelity Mutual Fund Tax Information page, that provides information on the treatment of distributions

from Fidelity municipal funds based on Utah's state law.

Fidelity? Investments Money Market Tax Exempt: All Classes

Alabama Alaska Arizona California1 Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois1 Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota1 Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina Tennessee Texas Utah2 Vermont Virginia Washington West Virginia Wisconsin Wyoming

Jan 3.15% 2.22% 2.06% 1.25% 2.70% 5.64% 0.08% 2.16% 4.26% 4.51% 0.44% 0.41% 9.45% 2.75% 1.47% 0.22% 0.46% 4.41% 0.97% 0.86% 1.85% 1.93% 0.43% 0.51% 0.38% 0.40% 0.56% 2.03% 0.27% 3.36%

6.87% 3.80% 0.08% 2.50% 0.57% 0.28% 4.29% 0.03% 0.42% 1.67% 12.22% 0.55% 0.10% 1.36% 2.89% 0.12% 0.91% 0.14%

Feb 3.07% 2.03% 1.79% 1.40% 2.03% 5.60% 0.16% 1.60% 5.12% 4.76% 0.39% 0.47% 10.66% 1.46% 1.44% 0.23% 0.43% 3.88% 0.83% 0.94% 1.72% 2.07% 0.58% 0.57% 0.77% 0.43% 0.93% 1.96% 0.27% 3.43%

6.59% 3.52% 0.07% 3.03% 0.55% 0.35% 3.88% 0.04% 0.36% 1.63% 12.49% 0.65% 0.09% 1.53% 2.97% 0.10% 1.01% 0.16%

Mar 3.23% 2.25% 2.12% 1.27% 1.81% 5.28% 0.20% 1.78% 5.79% 5.08% 0.36% 0.37% 10.24% 2.06% 1.35% 0.08% 0.44% 3.60% 0.78% 0.95% 0.88% 2.52% 0.61% 0.81% 0.65% 0.58% 1.27% 1.78% 0.27% 3.25%

5.54% 3.24% 0.07% 2.85% 0.39% 0.52% 3.54% 0.05% 0.36% 1.58% 13.59% 0.62% 0.04% 1.35% 2.90% 0.10% 1.46% 0.14%

Apr 3.05% 2.45% 2.22% 1.44% 2.25% 5.20% 0.23% 1.55% 4.97% 5.28% 0.36% 0.55% 10.11% 2.45% 1.31% 0.46% 0.40% 3.17% 0.77% 0.95% 0.61% 2.36% 0.50% 0.54% 0.72% 0.51% 1.27% 1.95% 0.26% 2.93%

6.40% 3.08% 0.07% 3.14% 0.18% 0.34% 3.24% 0.02% 0.38% 1.75% 13.86% 0.60% 0.02% 1.33% 3.06% 0.10% 1.45% 0.16%

May 2.58% 2.21% 1.81% 1.34% 2.55% 4.96% 0.21% 2.10% 3.78% 4.89% 0.60% 1.71% 9.58% 2.77% 1.00% 0.47% 0.43% 2.54% 0.64% 1.07% 0.68% 2.53% 0.55% 0.82% 1.02% 0.45% 1.31% 1.83% 0.25% 2.80%

6.07% 2.65% 0.07% 4.29% 0.16% 0.28% 3.29% 0.03% 0.56% 1.51% 14.55% 0.51% 0.02% 1.54% 3.40% 0.08% 1.41% 0.15%

Jun 2.97% 2.13% 2.01% 1.70% 3.09% 4.98% 0.21% 1.60% 3.41% 5.95% 0.61% 1.73% 8.70% 3.39% 0.95% 0.48% 0.40% 2.50% 0.59% 0.92% 0.49% 2.41% 0.63% 0.60% 0.84% 0.45% 1.14% 1.85% 0.23% 2.54%

5.57% 3.02% 0.06% 3.51% 0.15% 0.25% 3.12% 0.07% 0.76% 1.78% 15.51% 0.45% 0.01% 1.36% 3.07% 0.07% 1.46% 0.25%

Jul 2.89% 2.11% 1.97% 2.18% 3.00% 4.90% 0.20% 1.40% 3.37% 6.11% 0.60% 0.13% 8.39% 3.62% 0.92% 0.54% 0.37% 2.76% 0.58% 0.75% 0.57% 2.66% 0.63% 0.42% 1.09% 0.47% 1.15% 2.19% 0.26% 1.73%

5.94% 3.05% 0.05% 3.54% 0.16% 0.25% 2.97% 0.10% 0.88% 1.58% 17.99% 0.46% 0.01% 1.30% 1.92% 0.07% 1.55% 0.23%

Aug 3.70% 2.52% 1.96% 2.47% 3.30% 4.56% 0.22% 1.44% 3.87% 6.27% 0.27% 0.02% 8.43% 2.62% 1.01% 0.46% 0.48% 3.22%

0.66% 1.03% 2.40% 0.49% 0.61% 1.74% 0.43% 1.03% 2.18% 0.24% 1.45%

7.08% 3.11% 0.05% 3.38% 0.15% 0.22% 3.14% 0.05% 0.81% 1.60% 14.63% 0.61% 0.02% 2.15% 2.22% 0.14% 1.38% 0.17%

Sep 3.62% 2.35% 1.71% 2.29% 3.11% 3.66% 0.19% 1.29% 5.24% 5.38% 0.48%

8.18% 2.22% 1.14% 0.42% 0.62% 3.01%

0.67% 1.09% 2.46% 0.53% 0.64% 1.89% 0.37% 1.08% 2.04% 0.24% 1.20%

7.11% 2.83% 0.05% 3.33% 0.17% 0.24% 3.07% 0.05% 1.15% 1.99% 15.22% 0.59% 0.03% 2.41% 2.60% 0.33% 1.48% 0.23%

Oct 3.25% 2.15% 1.67% 1.72% 2.90% 3.09% 0.17% 1.33% 6.00% 4.02% 0.48%

7.53% 2.37% 1.06% 0.44% 0.63% 2.47%

0.61% 1.10% 2.62% 0.79% 0.65% 1.69% 0.32% 1.04% 2.00% 0.28% 1.11%

8.32% 2.93% 0.04% 2.69% 0.31% 0.24% 3.13% 0.04% 1.09% 1.89% 18.20% 0.49% 0.03% 2.00% 2.99% 0.24% 1.69% 0.23%

Nov 3.09% 2.18% 1.71% 1.44% 2.22% 3.29% 0.16% 1.13% 5.77% 3.90% 0.50% 0.06% 6.14% 2.04% 1.05% 0.41% 0.69% 2.45%

0.73% 1.30% 2.94% 1.08% 0.74% 1.71% 0.30% 0.88% 1.84% 0.28% 0.62%

9.12% 4.32% 0.12% 2.82% 0.30% 0.32% 3.14% 0.05% 1.39% 1.71% 18.91% 0.43% 0.03% 1.88% 2.95% 0.17% 1.48% 0.25%

Dec 2.96% 2.40% 1.74% 1.65% 2.17% 3.38% 0.16% 1.21% 5.50% 4.47% 0.51% 0.05% 6.50% 1.90% 1.07% 0.53% 0.45% 2.47%

0.66% 1.23% 3.56% 1.15% 0.71% 1.68% 0.29% 0.90% 1.37% 0.37% 0.76% 0.01% 9.07% 3.12% 0.08% 3.17% 0.25% 0.23% 3.06% 0.04% 1.37% 1.84% 18.74% 0.37% 0.02% 2.02% 3.10% 0.06% 1.38% 0.28%

As always, consult your tax advisor as to whether all or some portion of the dividend income derived from a fund's investment in municipal bonds issued by your home state and/ or U.S. territories may be exempt from state income tax. 1Certain states require funds to meet in-state investment thresholds before a shareholder can exempt the income earned from bonds issued by his or her home state. In 2018 none of the funds listed above satisfied the thresholds imposed by California or Minnesota. Certain states, such as California, may require the payers of exempt interest dividends to report to the state tax authority any municipal bond interest and exempt-interest dividends paid to residents. Other states, such as Illinois, do not exempt interest earned from obligations issued by the state when held indirectly through a mutual fund.

2Utah residents should refer to the letter, also available on the Fidelity Mutual Fund Tax Information page, that provides information on the treatment of distributions

from Fidelity municipal funds based on Utah's state law.

Fidelity FlexSM Municipal Income Fund (FUENX)

Alabama Alaska Arizona Arkansas California1 Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Illinois1 Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota1 Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina Tennessee Texas Utah2 Virginia Washington West Virginia Wisconsin Wyoming

Jan 0.40% 0.23% 5.95% 0.16% 0.15% 1.01% 2.61% 0.13% 0.01% 22.15% 0.53%

12.02% 3.90% 0.08% 0.09% 0.32% 2.78% 0.09% 2.35% 4.08% 4.58%

0.03%

0.49% 0.02% 0.01% 3.54% 1.31% 5.61%

1.01% 0.32% 1.15% 0.06% 5.08% 2.88% 8.76% 0.12% 0.62% 0.93% 0.10% 4.21% 0.12%

Feb 0.22% 0.24% 5.98% 0.11% 0.02% 0.97% 2.45% 0.10% 0.01% 22.03% 0.40%

12.61% 2.11% 0.04% 0.05% 0.39% 2.59% 0.20% 2.33% 6.27% 4.47% 0.01% 0.04%

0.47% 0.02% 0.04% 5.05% 2.55% 5.11%

1.10% 0.19% 1.12% 0.02% 4.98% 2.65% 6.60% 0.12% 0.68% 0.97% 0.06% 4.61% 0.08%

Mar 0.08% 0.24% 5.96% 0.04%

0.94% 2.25% 0.03% 2.71% 17.12% 0.30%

13.01% 0.34% 0.04% 0.02% 0.35% 2.46% 0.29% 2.26% 6.12% 4.41%

0.14% 0.02% 0.45%

0.05% 8.61% 3.94% 5.52%

1.32% 0.03% 1.77% 0.10% 4.78% 2.65% 5.28% 0.11% 0.54% 0.87% 0.02% 4.80% 0.03%

Apr 0.15% 0.09% 1.70% 0.07%

0.28% 0.93% 0.06% 5.58% 7.81% 4.02%

12.98% 0.12% 0.02% 0.04% 0.30% 0.77% 0.08% 0.63% 10.31% 2.48% 0.03% 0.01% 0.01% 0.14% 0.02% 0.05% 2.37% 1.21% 12.16%

6.92% 0.60% 0.06% 2.70% 0.21% 2.82% 0.70% 19.47% 0.08% 0.28% 0.31% 0.04% 1.33% 0.06%

May 0.01% 0.02% 0.63%

0.59% 0.09% 0.39%

3.92% 5.67% 4.24%

19.14% 0.03%

0.51% 0.25% 0.03% 0.23% 8.12% 1.92% 0.03% 0.49% 0.05% 1.04% 1.64% 10.44% 10.02% 0.27% 4.20% 0.57% 2.51% 0.27% 19.95% 0.01% 1.72% 0.48% 0.51% -

Jun 0.36% 0.02% 0.69% 0.05% 0.02% 0.16% 0.52% 0.04% 0.58% 5.22% 4.01%

22.60% 0.15% 0.01% 0.03% 0.78% 0.25% 0.68% 0.24% 5.79% 1.72% 0.03% 0.03% 1.48% 0.06% 0.01% 0.02% 0.97% 6.16% 8.86%

9.01% 0.24% 0.05% 4.90% 0.88% 2.78% 0.29% 14.19% 0.02% 2.09% 3.48% 0.03% 0.50% 0.03%

Jul 0.31% 0.02% 1.35% 0.02% 0.14% 0.54% 0.44% 0.04% 0.30% 4.97% 3.85%

23.75% 0.16% 0.01% 0.01% 1.16% 0.28% 0.81% 0.22% 5.55% 1.69% 0.02% 0.02% 1.42% 0.06%

0.01% 0.92% 6.13% 8.53%

8.73% 0.23% 0.04% 4.94% 0.84% 3.31% 0.36% 12.89% 0.01% 1.99% 3.29% 0.02% 0.59% 0.02%

Aug 0.32% 0.05% 2.50% 0.03% 0.03% 0.84% 0.46% 0.05% 0.29% 4.72% 3.69% 0.06% 24.20% 0.16% 0.02% 0.01% 1.28% 0.36% 0.89% 0.22% 5.34% 1.67% 0.03% 0.12% 1.40% 0.06%

0.04% 0.87% 6.94% 8.39% 0.01%

8.08% 0.21% 0.28% 4.71% 0.80% 3.84% 0.66% 10.54% 0.01% 1.94% 3.19% 0.06% 0.62% 0.01%

Sep 0.44% 0.02% 2.64% 0.05% 0.22% 2.33% 0.65% 0.07% 0.44% 4.60% 3.64% 0.16% 23.68% 0.29% 0.12%

1.30% 0.37% 0.88% 0.23% 4.30% 1.79% 0.42% 0.12% 1.30% 0.07% 0.02% 0.17% 0.93% 6.68% 8.66%

4.84% 0.21% 0.47% 4.66% 0.77% 3.73% 2.04% 10.86% 0.01% 2.01% 3.07% 0.14% 0.60% 0.02%

Oct 0.59% 0.02% 2.63% 0.08% 0.79% 2.25% 0.77% 0.12% 0.64% 4.52% 3.51% 0.16% 22.82% 0.45% 0.12%

1.33% 0.52% 0.89% 0.26% 2.23% 2.14% 0.64% 0.05% 1.23% 0.08% 0.03% 0.15% 0.91% 6.41% 9.32% 0.01%

4.72% 0.20% 0.51% 5.06% 0.73% 3.72% 1.94% 11.53% 0.02% 2.03% 3.10% 0.17% 0.58% 0.02%

Nov 0.60% 0.02% 2.67% 0.08% 0.70% 2.25% 0.68% 0.12% 0.27% 4.56% 3.35% 0.16% 23.69% 0.43% 0.12%

1.25% 0.34% 0.87% 0.27% 2.16% 1.48% 0.66% 0.17% 1.27% 0.09% 0.04% 0.04% 0.89% 6.37% 8.84%

4.60% 0.48% 0.53% 5.91% 0.72% 3.64% 1.94% 11.76% 0.41% 2.07% 3.00% 0.15% 0.35% 0.01%

Dec 0.72% 0.05% 2.60% 0.05% 0.70% 2.19% 1.43% 0.09% 0.27% 4.86% 0.71% 0.15% 23.71% 0.41% 0.13% 0.01% 2.50% 0.28% 0.85% 0.24% 2.12% 1.44% 0.72% 0.01% 1.36% 0.07% 0.02% 0.02% 0.86% 6.49% 7.39%

0.02% 4.67% 0.96% 0.53% 7.71% 0.72% 3.59% 1.67% 11.73% 0.40% 1.95% 2.93% 0.12% 0.59%

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As always, consult your tax advisor as to whether all or some portion of the dividend income derived from a fund's investment in municipal bonds issued by your home state and/ or U.S. territories may be exempt from state income tax. 1Certain states require funds to meet in-state investment thresholds before a shareholder can exempt the income earned from bonds issued by his or her home state. In 2018 none of the funds listed above satisfied the thresholds imposed by California or Minnesota. Certain states, such as California, may require the payers of exempt interest dividends to report to the state tax authority any municipal bond interest and exempt-interest dividends paid to residents. Other states, such as Illinois, do not exempt interest earned from obligations issued by the state when held indirectly through a mutual fund.

2Utah residents should refer to the letter, also available on the Fidelity Mutual Fund Tax Information page, that provides information on the treatment of distributions

from Fidelity municipal funds based on Utah's state law.

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