Quarterly Holdings Report
for
Fidelity® Connecticut Municipal Income Fund
February 29, 2024
CTF-NPRT1-0424
1.814091.119
Municipal Bonds - 98.1%
 
  
Principal
Amount (a)
 
Value ($)
 
Connecticut - 96.6%
 
  
  
Bridgeport Gen. Oblig.:
  
  
  
 Series 2016 D:
 
  
  
5% 8/15/31 (Assured Guaranty Muni. Corp. Insured)
 
  
1,000,000
1,045,750
5% 8/15/32 (Assured Guaranty Muni. Corp. Insured)
 
  
3,090,000
3,231,373
 Series 2019 A:
 
  
  
5% 2/1/32 (Build America Mutual Assurance Insured)
 
  
1,000,000
1,100,011
5% 2/1/37 (Build America Mutual Assurance Insured)
 
  
1,000,000
1,079,460
5% 2/1/39 (Build America Mutual Assurance Insured)
 
  
1,000,000
1,068,667
 Series 2021 A:
 
  
  
4% 8/1/38
 
  
800,000
813,393
4% 8/1/41
 
  
1,050,000
1,053,754
4% 8/1/46
 
  
375,000
364,663
4% 8/1/51
 
  
575,000
543,107
5% 8/1/35
 
  
450,000
505,066
Brookfield Gen. Oblig. Series 2020, 2% 8/15/35
 
365,000
301,928
Connecticut Arpt. Auth. Customer Facility Charge Rev. (Ground Trans. Ctr. Proj.) Series 2019 A:
  
  
  
 4% 7/1/49 (b)
  
2,000,000
1,827,434
 5% 7/1/49 (b)
  
2,925,000
2,996,346
Connecticut Gen. Oblig.:
  
  
  
 Series 2015 B:
 
  
  
5% 6/15/27
 
  
4,825,000
4,944,067
5% 6/15/30
 
  
1,290,000
1,320,514
 Series 2015 F, 5% 11/15/31
 
4,000,000
4,122,179
 Series 2018 A, 5% 4/15/30
 
2,500,000
2,722,045
 Series 2018 C, 5% 6/15/31
 
725,000
789,946
 Series 2019 A:
 
  
  
5% 4/15/35
 
  
2,000,000
2,213,055
5% 4/15/36
 
  
2,300,000
2,532,110
5% 4/15/39
 
  
2,450,000
2,654,898
 Series 2020 A, 3% 1/15/39
 
5,500,000
4,929,137
 Series 2020 C, 3% 6/1/40
 
3,380,000
2,943,192
 Series 2021 A:
 
  
  
3% 1/15/32
 
  
335,000
332,974
3% 1/15/35
 
  
1,850,000
1,786,136
3% 1/15/36
 
  
9,130,000
8,669,007
3% 1/15/37
 
  
2,875,000
2,669,243
3% 1/15/38
 
  
1,000,000
899,403
 Series 2021 B, 3% 6/1/39
 
1,400,000
1,232,794
 Series 2022 A, 4% 1/15/34
 
400,000
433,967
 Series 2022 B, 2% 1/15/38
 
320,000
241,808
 Series 2023 A:
 
  
  
5% 5/15/26
 
  
2,400,000
2,512,003
5% 5/15/27
 
  
900,000
964,658
 Series 2023 B:
 
  
  
5% 8/1/26
 
  
3,000,000
3,155,841
5% 8/1/27
 
  
1,835,000
1,976,272
 Series 2024:
 
  
  
5% 3/1/28
 
  
2,000,000
2,181,300
5% 1/15/29
 
  
2,000,000
2,220,816
5% 3/1/29
 
  
1,855,000
2,065,480
5% 1/15/30
 
  
1,335,000
1,511,067
5% 3/1/30
 
  
2,500,000
2,836,852
Connecticut Health & Edl. Facilities Auth. Rev.:
  
  
  
 (Fairfield Univ.):
 
  
  
Series 2017 R:
 
  
  
  
5% 7/1/31
 
  
1,825,000
1,920,876
5% 7/1/32
 
  
1,000,000
1,051,801
Series 2017, 5% 7/1/30
 
  
2,400,000
2,530,025
 (Sacred Heart Univ., CT. Proj.) Series 2017 I-1:
 
  
  
5% 7/1/27
 
  
80,000
84,685
5% 7/1/28
 
  
1,150,000
1,216,156
5% 7/1/29
 
  
350,000
370,660
5% 7/1/30
 
  
1,100,000
1,163,509
5% 7/1/31
 
  
1,300,000
1,372,072
5% 7/1/32
 
  
1,050,000
1,107,439
5% 7/1/33
 
  
700,000
737,407
5% 7/1/34
 
  
750,000
788,253
 Bonds Series 2017 B2, 3.2%, tender 7/1/26 (c)
  
7,000,000
7,012,245
 Series 2013 N:
 
  
  
5% 7/1/24
 
  
400,000
400,596
5% 7/1/25
 
  
300,000
300,287
 Series 2014 E:
 
  
  
5% 7/1/28
 
  
3,260,000
3,274,676
5% 7/1/29
 
  
3,840,000
3,857,810
 Series 2015 L, 5% 7/1/29
 
1,500,000
1,532,608
 Series 2016 K, 4% 7/1/46
 
7,000,000
6,371,989
 Series 2018 K3, 5% 7/1/38
 
985,000
993,404
 Series 2019 A:
 
  
  
4% 7/1/49
 
  
1,365,000
1,228,295
5% 7/1/26
 
  
310,000
311,733
5% 7/1/29
 
  
1,290,000
1,321,648
5% 7/1/49 (d)
 
  
6,000,000
5,140,889
 Series 2019 Q1, 3% 11/1/33
 
1,000,000
993,685
 Series 2020 A, 4% 7/1/40
 
1,250,000
1,218,463
 Series 2020 C, 4% 7/1/45
 
1,800,000
1,703,295
 Series 2020 K:
 
  
  
5% 7/1/36
 
  
1,000,000
1,089,493
5% 7/1/37
 
  
1,750,000
1,892,441
5% 7/1/39
 
  
2,830,000
3,028,222
 Series 2021 A, 3% 7/1/39
 
5,000,000
4,210,291
 Series 2021 L, 3% 7/1/41
 
1,340,000
1,148,343
 Series 2022 M:
 
  
  
4% 7/1/36
 
  
250,000
258,450
4% 7/1/37
 
  
260,000
266,641
4% 7/1/39
 
  
2,600,000
2,543,629
4% 7/1/40
 
  
3,300,000
3,200,097
4% 7/1/41
 
  
1,195,000
1,193,764
4% 7/1/42
 
  
1,750,000
1,666,396
 Series 2023 E:
 
  
  
5% 7/15/38
 
  
900,000
980,254
5% 7/15/39
 
  
1,060,000
1,148,367
5% 7/15/40
 
  
1,300,000
1,397,739
 Series E, 5% 7/1/28
 
1,250,000
1,253,718
 Series G:
 
  
  
5% 7/1/29 (d)
 
  
1,055,000
1,058,558
5% 7/1/30 (d)
 
  
275,000
276,101
5% 7/1/34 (d)
 
  
695,000
691,770
5% 7/1/39 (d)
 
  
2,600,000
2,547,287
5% 7/1/50 (d)
 
  
1,000,000
905,483
 Series K1:
 
  
  
5% 7/1/24
 
  
600,000
600,776
5% 7/1/25
 
  
1,240,000
1,241,148
5% 7/1/27
 
  
250,000
256,131
 Series K3, 5% 7/1/48
 
3,695,000
3,537,041
 Series L:
 
  
  
5% 7/1/26
 
  
1,000,000
1,020,324
5% 7/1/27
 
  
2,000,000
2,040,447
 Series L1:
 
  
  
4% 7/1/24
 
  
650,000
649,261
4% 7/1/25
 
  
600,000
600,192
4% 7/1/26
 
  
1,175,000
1,186,126
4% 7/1/27
 
  
700,000
712,628
 Series N:
 
  
  
4% 7/1/39
 
  
1,850,000
1,569,155
5% 7/1/24
 
  
375,000
374,730
5% 7/1/25
 
  
340,000
339,847
5% 7/1/27
 
  
430,000
432,716
5% 7/1/31
 
  
500,000
505,319
5% 7/1/32
 
  
550,000
555,078
5% 7/1/33
 
  
720,000
725,302
5% 7/1/34
 
  
675,000
678,398
 Series R:
 
  
  
5% 6/1/37
 
  
1,000,000
1,093,969
5% 6/1/38
 
  
1,045,000
1,132,717
5% 6/1/39
 
  
1,595,000
1,719,950
5% 6/1/40
 
  
1,125,000
1,204,104
Connecticut Higher Ed. Supplemental Ln. Auth. Rev. (Chesla Ln. Prog.):
  
  
  
 Series B:
 
  
  
5% 11/15/24 (b)
 
  
300,000
302,410
5% 11/15/25 (b)
 
  
400,000
407,843
5% 11/15/26 (b)
 
  
600,000
621,205
5% 11/15/27 (b)
 
  
610,000
636,517
5% 11/15/28 (b)
 
  
525,000
559,316
5% 11/15/29 (b)
 
  
530,000
570,808
 Series C:
 
  
  
5% 11/15/24 (Escrowed to Maturity)
 
  
225,000
227,879
5% 11/15/25 (Escrowed to Maturity)
 
  
240,000
248,272
5% 11/15/26 (Escrowed to Maturity)
 
  
200,000
211,835
5% 11/15/27 (Pre-Refunded to 11/15/26 @ 100)
 
  
125,000
132,397
 Series D:
 
  
  
5% 11/15/24 (Escrowed to Maturity)
 
  
425,000
430,291
5% 11/15/25 (Escrowed to Maturity)
 
  
250,000
258,407
5% 11/15/26 (Escrowed to Maturity)
 
  
180,000
190,410
Connecticut Hsg. Fin. Auth.:
  
  
  
 Series 2016 F, 3.5% 5/15/39 (b)
  
455,000
449,340
 Series 2018 E1, 4.25% 5/15/42
 
1,160,000
1,159,441
 Series 2019 B1, 4% 5/15/49
 
2,350,000
2,337,364
 Series 2019 F, 3.5% 11/15/43
 
2,300,000
2,264,286
 Series 2020 A2, 2.2% 5/15/31 (b)
  
1,350,000
1,166,413
 Series 2021 A1:
 
  
  
1.3% 5/15/30
 
  
2,000,000
1,669,590
1.6% 5/15/32
 
  
1,500,000
1,214,541
 Series 2021 A3, 1.6% 5/15/32
 
2,240,000
1,811,874
 Series 2021 B1, 3% 11/15/49
 
2,335,000
2,261,961
 Series 2022 A1, 3.5% 11/15/51
 
975,000
952,742
 Series A2:
 
  
  
5% 11/15/26 (b)
 
  
840,000
867,721
5% 5/15/27 (b)
 
  
1,890,000
1,964,462
5% 11/15/27 (b)
 
  
860,000
900,109
5% 5/15/28 (b)
 
  
615,000
645,686
5% 11/15/28 (b)
 
  
225,000
237,708
 Series C:
 
  
  
5% 5/15/26 (b)
 
  
1,820,000
1,875,469
5% 5/15/27 (b)
 
  
800,000
835,203
5% 11/15/28 (b)
 
  
580,000
613,272
5% 5/15/29 (b)
 
  
1,115,000
1,193,311
Connecticut Spl. Tax Oblig. Trans. Infrastructure Rev.:
  
  
  
 Series 2021 A, 5% 5/1/35
 
1,000,000
1,149,654
 Series 2021 C:
 
  
  
5% 1/1/28
 
  
1,600,000
1,738,387
5% 1/1/30
 
  
3,500,000
3,958,546
5% 1/1/31
 
  
3,410,000
3,926,615
5% 1/1/32
 
  
2,500,000
2,927,101
 Series A:
 
  
  
5% 5/1/28
 
  
1,000,000
1,094,556
5% 9/1/33
 
  
1,000,000
1,005,735
East Lyme Gen. Oblig. Series 2020, 3% 7/15/38
 
530,000
469,418
Greater New Haven Wtr. Poll. Cont. Auth. Reg'l. Wastewtr. Sys. Rev.:
  
  
  
 Series 2005 A, 5% 8/15/35 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
10,000
10,005
 Series 2014 B:
 
  
  
5% 8/15/25
 
  
450,000
453,965
5% 8/15/26
 
  
700,000
706,616
5% 8/15/27
 
  
750,000
757,330
5% 8/15/28
 
  
385,000
388,770
Hartford County Metropolitan District Gen. Oblig. Series 2018:
  
  
  
 5% 7/15/31
 
1,000,000
1,099,766
 5% 7/15/32
 
1,250,000
1,371,699
 5% 7/15/33
 
1,000,000
1,095,065
 5% 7/15/34
 
1,000,000
1,092,643
Hbr. Point Infrastructure Impt. District Series 2017, 5% 4/1/39 (d)
  
2,000,000
2,016,919
Meriden Gen. Oblig.:
  
  
  
 Series 2020 B, 2% 7/1/36
 
680,000
547,259
 Series 2023:
 
  
  
3% 6/15/35
 
  
1,165,000
1,124,332
3.25% 6/15/36
 
  
565,000
550,970
Milford Gen. Oblig. Series 2021 A, 2% 11/1/33
 
330,000
283,701
Naugatuck Ctfs. of Prtn. (Naugatuck Incineration Facilities Proj.) Series 2021 A, 4% 8/15/38 (b)
  
3,330,000
3,255,821
New Britain Gen. Oblig.:
  
  
  
 Series 2015 A:
 
  
  
5% 3/1/30
 
  
600,000
610,163
5% 3/1/30 (Pre-Refunded to 3/1/25 @ 100)
 
  
1,260,000
1,282,684
5% 3/1/31 (Pre-Refunded to 3/1/25 @ 100)
 
  
1,955,000
1,990,196
 Series 2017 C:
 
  
  
5% 3/1/32 (Assured Guaranty Muni. Corp. Insured)
 
  
1,635,000
1,729,020
5% 3/1/33 (Assured Guaranty Muni. Corp. Insured)
 
  
1,900,000
2,009,348
New Haven Gen. Oblig.:
  
  
  
 Series 2015 B:
 
  
  
5% 8/15/26 (Build America Mutual Assurance Insured)
 
  
615,000
630,066
5% 8/15/27 (Build America Mutual Assurance Insured)
 
  
765,000
784,090
 Series 2015:
 
  
  
5% 9/1/29 (Assured Guaranty Muni. Corp. Insured)
 
  
2,655,000
2,725,746
5% 9/1/31 (Assured Guaranty Muni. Corp. Insured)
 
  
1,430,000
1,466,005
 Series 2016 A:
 
  
  
5% 8/15/27 (Pre-Refunded to 8/15/26 @ 100)
 
  
35,000
36,847
5% 8/15/28 (Assured Guaranty Muni. Corp. Insured)
 
  
1,500,000
1,564,983
5% 8/15/30 (Assured Guaranty Muni. Corp. Insured)
 
  
1,000,000
1,043,413
5% 8/15/34 (Assured Guaranty Muni. Corp. Insured)
 
  
1,000,000
1,038,637
5% 8/15/35 (Assured Guaranty Muni. Corp. Insured)
 
  
1,000,000
1,037,599
 Series 2017 B, 5% 8/1/25
 
500,000
510,867
 Series 2021 A, 4% 8/1/32
 
950,000
973,126
 Series 2023:
 
  
  
5% 8/1/36 (Build America Mutual Assurance Insured)
 
  
400,000
456,296
5% 8/1/37 (Build America Mutual Assurance Insured)
 
  
550,000
621,582
5% 8/1/38 (Build America Mutual Assurance Insured)
 
  
300,000
335,430
5.25% 8/1/43 (Build America Mutual Assurance Insured)
 
  
1,900,000
2,123,150
South Central Reg'l. Wtr. Auth. Wtr. Sys. Rev. Series 32 B:
  
  
  
 5% 8/1/32
 
1,000,000
1,049,812
 5% 8/1/33
 
1,150,000
1,206,363
South Windsor Gen. Oblig. Series 2023, 3% 2/1/36
 
765,000
735,538
Steelpointe Hbr. Infrastructure Impt. District (Steelpointe Hbr. Proj.) Series 2021:
  
  
  
 4% 4/1/31 (d)
  
390,000
368,135
 4% 4/1/36 (d)
  
485,000
432,899
 4% 4/1/41 (d)
  
660,000
560,336
 4% 4/1/51 (d)
  
1,225,000
940,602
Stratford Gen. Oblig. Series 2019, 5% 1/1/27
 
1,990,000
2,113,731
Univ. of Connecticut Gen. Oblig.:
  
  
  
 Series 2018 A, 5% 4/15/28
 
4,400,000
4,800,691
 Series 2023 A:
 
  
  
5% 8/15/29
 
  
1,500,000
1,682,313
5% 8/15/30
 
  
1,325,000
1,514,060
West Haven Gen. Oblig.:
  
  
  
 Series 2017 A:
 
  
  
5% 11/1/25
 
  
635,000
652,757
5% 11/1/26
 
  
635,000
662,583
 Series 2017 B, 5% 11/1/32
 
400,000
419,732
 Series 2021, 4% 9/15/41
 
1,125,000
1,080,233
 Series 2024:
 
  
  
4% 2/15/44 (Build America Mutual Assurance Insured)
 
  
300,000
298,492
5% 2/15/25 (Build America Mutual Assurance Insured)
 
  
500,000
506,818
5% 2/15/27 (Build America Mutual Assurance Insured)
 
  
400,000
419,231
5% 2/15/29 (Build America Mutual Assurance Insured)
 
  
500,000
540,260
5% 2/15/31 (Build America Mutual Assurance Insured)
 
  
450,000
497,248
5% 2/15/33 (Build America Mutual Assurance Insured)
 
  
450,000
507,187
5% 2/15/35 (Build America Mutual Assurance Insured)
 
  
300,000
338,877
TOTAL CONNECTICUT
  
  
286,268,727
Puerto Rico - 1.5%
 
  
  
Puerto Rico Commonwealth Aqueduct & Swr. Auth. Series 2021 B, 5% 7/1/37 (d)
  
835,000
858,640
Puerto Rico Commonwealth Pub. Impt. Gen. Oblig. Series 2021 A1:
  
  
  
 0% 7/1/33
 
863,283
555,229
 5.625% 7/1/27
 
100,000
105,548
 5.625% 7/1/29
 
310,000
335,781
 5.75% 7/1/31
 
735,000
819,384
Puerto Rico Sales Tax Fing. Corp. Sales Tax Rev.:
  
  
  
 Series 2018 A1, 0% 7/1/31
 
855,000
649,432
 Series 2019 A2, 4.329% 7/1/40
 
1,105,000
1,097,186
TOTAL PUERTO RICO
  
  
4,421,200
 
TOTAL MUNICIPAL BONDS
 (Cost $298,306,576)
  
  
  
290,689,927
 
  
  
  
Money Market Funds - 1.1%
 
  
Shares
Value ($)
 
Fidelity Municipal Cash Central Fund 3.30% (e)(f)
 
 (Cost $3,356,683)
 
  
3,355,835
3,356,506
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 99.2%
 (Cost $301,663,259)
 
  
 
294,046,433
NET OTHER ASSETS (LIABILITIES) - 0.8%  
2,363,895
NET ASSETS - 100.0%
296,410,328
 
  
Legend
 
(a)
Amount is stated in United States dollars unless otherwise noted.
 
(b)
Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.
 
(c)
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
 
(d)
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 $15,797,619 or 5.3% of net assets.
 
(e)
Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Municipal Cash Central Fund.
 
(f)
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 3.30%
9,227,996
20,365,004
26,236,000
39,490
(317)
(177)
3,356,506
0.1%
Total
9,227,996
20,365,004
26,236,000
39,490
(317)
(177)
3,356,506
  
 
  
  
  
  
  
  
  
  
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 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.