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Fidelity Minnesota Municipal Income Fund FIMIX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | FIMIX | Replication |
|---|---|---|
| Annualized growth | -0.1% | 0.1% |
| Annualized volatility | 4.8% | 4.7% |
| Sharpe ratio | -0.01 | 0.04 |
| Maximum drawdown | 11.2% | 11.3% |
| Replication fit (R²) | 0.98 · Tracking error 0.7% | |
Replication portfolio
The published portfolio below is the investable basket used to model FIMIX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 97.9% |
| VCSH | FI · Short Corp | 2.1% |