Quarterly Holdings Report
for
Fidelity® Connecticut Municipal Income Fund
August 31, 2024
CTF-NPRT3-1024
1.805751.120
Municipal Bonds - 94.6%
 
  
Principal
Amount (a)
 
Value ($)
 
Connecticut - 93.3%
 
  
  
Bridgeport Gen. Oblig.:
  
  
  
 Series 2016 D:
 
  
  
5% 8/15/31 (Assured Guaranty Muni. Corp. Insured)
 
  
1,000,000
1,037,489
5% 8/15/32 (Assured Guaranty Muni. Corp. Insured)
 
  
3,090,000
3,202,811
 Series 2019 A:
 
  
  
5% 2/1/32 (Build America Mutual Assurance Insured)
 
  
1,000,000
1,085,456
5% 2/1/37 (Build America Mutual Assurance Insured)
 
  
1,000,000
1,069,442
5% 2/1/39 (Build America Mutual Assurance Insured)
 
  
1,000,000
1,061,059
 Series 2021 A:
 
  
  
4% 8/1/38
 
  
800,000
809,385
4% 8/1/41
 
  
1,050,000
1,043,879
4% 8/1/46
 
  
375,000
361,126
4% 8/1/51
 
  
575,000
533,574
5% 8/1/35
 
  
450,000
498,521
Brookfield Gen. Oblig. Series 2020, 2% 8/15/35
 
365,000
300,219
Connecticut Arpt. Auth. Customer Facility Charge Rev. (Ground Trans. Ctr. Proj.) Series 2019 A:
  
  
  
 4% 7/1/49 (b)
  
2,000,000
1,847,231
 5% 7/1/49 (b)
  
2,925,000
2,982,003
Connecticut Gen. Oblig.:
  
  
  
 Series 2015 B:
 
  
  
5% 6/15/27
 
  
4,825,000
4,906,573
5% 6/15/30
 
  
1,290,000
1,309,529
 Series 2015 F, 5% 11/15/31
 
4,000,000
4,084,175
 Series 2018 A, 5% 4/15/30
 
2,500,000
2,685,511
 Series 2018 C, 5% 6/15/31
 
725,000
779,074
 Series 2019 A:
 
  
  
5% 4/15/35
 
  
2,000,000
2,177,457
5% 4/15/36
 
  
2,300,000
2,496,191
5% 4/15/39
 
  
2,450,000
2,629,821
 Series 2020 A, 3% 1/15/39
 
5,500,000
4,965,892
 Series 2020 C, 3% 6/1/40
 
3,380,000
2,965,446
 Series 2021 A:
 
  
  
3% 1/15/32
 
  
335,000
329,173
3% 1/15/34
 
  
3,000,000
2,893,291
3% 1/15/35
 
  
1,850,000
1,765,641
3% 1/15/36
 
  
9,130,000
8,596,751
3% 1/15/37
 
  
2,875,000
2,678,477
3% 1/15/38
 
  
1,000,000
915,968
 Series 2021 B, 3% 6/1/39
 
1,400,000
1,250,530
 Series 2022 A, 4% 1/15/34
 
400,000
423,361
 Series 2022 B, 2% 1/15/38
 
320,000
243,920
 Series 2023 A, 5% 5/15/27
 
900,000
957,813
 Series 2023 B, 5% 8/1/27
 
1,835,000
1,962,153
 Series 2024 D:
 
  
  
5% 5/1/29
 
  
1,625,000
1,801,638
5% 5/1/30
 
  
1,000,000
1,127,627
5% 5/1/31
 
  
1,000,000
1,142,660
5% 5/1/32
 
  
1,250,000
1,445,590
5% 5/1/33
 
  
500,000
584,044
5% 5/1/34
 
  
500,000
590,857
5% 5/1/35
 
  
1,000,000
1,177,414
 Series 2024:
 
  
  
5% 3/1/28
 
  
2,000,000
2,165,493
5% 1/15/29
 
  
2,000,000
2,204,493
5% 3/1/29
 
  
1,855,000
2,049,931
5% 1/15/30
 
  
1,335,000
1,498,629
5% 3/1/30
 
  
2,500,000
2,812,046
Connecticut Health & Edl. Facilities Auth. Rev.:
  
  
  
 (Fairfield Univ.):
 
  
  
Series 2017 R:
 
  
  
  
5% 7/1/31
 
  
1,825,000
1,914,060
5% 7/1/32
 
  
1,000,000
1,047,062
Series 2017, 5% 7/1/30
 
  
2,400,000
2,522,062
 (Sacred Heart Univ., CT. Proj.) Series 2017 I-1:
 
  
  
5% 7/1/27
 
  
80,000
84,581
5% 7/1/28
 
  
1,150,000
1,209,922
5% 7/1/29
 
  
350,000
368,214
5% 7/1/30
 
  
1,100,000
1,153,814
5% 7/1/31
 
  
1,300,000
1,359,494
5% 7/1/32
 
  
1,050,000
1,096,234
5% 7/1/33
 
  
700,000
729,920
5% 7/1/34
 
  
750,000
780,695
 Bonds Series 2017 B2, 3.2%, tender 7/1/26 (c)
  
7,000,000
6,999,480
 Series 2013 N, 5% 7/1/25
 
300,000
300,373
 Series 2014 E:
 
  
  
5% 7/1/28
 
  
3,260,000
3,263,386
5% 7/1/29
 
  
3,840,000
3,843,988
 Series 2015 L, 5% 7/1/29
 
1,500,000
1,519,951
 Series 2015, 5% 7/1/32
 
205,000
207,408
 Series 2016 K, 4% 7/1/46
 
7,000,000
6,540,438
 Series 2018 K3, 5% 7/1/38
 
985,000
998,523
 Series 2019 A:
 
  
  
4% 7/1/49
 
  
1,365,000
1,275,849
5% 7/1/26
 
  
310,000
315,159
5% 7/1/29
 
  
1,290,000
1,350,713
5% 7/1/49 (d)(e)
 
  
6,000,000
3,900,000
 Series 2019 Q1, 3% 11/1/33
 
1,000,000
966,938
 Series 2020 A, 4% 7/1/40
 
1,250,000
1,215,567
 Series 2020 C, 4% 7/1/45
 
1,800,000
1,693,804
 Series 2020 K:
 
  
  
5% 7/1/36
 
  
1,000,000
1,079,992
5% 7/1/37
 
  
1,750,000
1,883,430
5% 7/1/39
 
  
2,830,000
3,017,348
 Series 2021 A, 3% 7/1/39
 
5,000,000
4,244,038
 Series 2021 L, 3% 7/1/41
 
1,340,000
1,161,692
 Series 2022 M:
 
  
  
4% 7/1/36
 
  
250,000
255,938
4% 7/1/37
 
  
260,000
265,164
4% 7/1/39
 
  
2,600,000
2,593,447
4% 7/1/40
 
  
3,300,000
3,243,248
4% 7/1/41
 
  
1,195,000
1,179,244
4% 7/1/42
 
  
1,750,000
1,687,901
 Series 2023 E:
 
  
  
5% 7/15/38
 
  
900,000
975,965
5% 7/15/39
 
  
1,060,000
1,145,091
5% 7/15/40
 
  
1,300,000
1,393,027
 Series E, 5% 7/1/28
 
1,250,000
1,253,220
 Series G:
 
  
  
5% 7/1/29 (d)
 
  
1,055,000
1,077,631
5% 7/1/30 (d)
 
  
275,000
280,167
5% 7/1/34 (d)
 
  
695,000
702,429
5% 7/1/39 (d)
 
  
2,600,000
2,580,382
5% 7/1/50 (d)
 
  
1,000,000
934,408
 Series K1:
 
  
  
5% 7/1/25
 
  
1,240,000
1,249,214
5% 7/1/27
 
  
250,000
257,691
 Series K3, 5% 7/1/48
 
3,695,000
3,620,342
 Series L:
 
  
  
5% 7/1/26
 
  
1,000,000
1,017,218
5% 7/1/27
 
  
2,000,000
2,028,856
 Series L1:
 
  
  
4% 7/1/25
 
  
600,000
601,571
4% 7/1/26
 
  
1,175,000
1,188,742
4% 7/1/27
 
  
700,000
718,363
 Series N:
 
  
  
4% 7/1/39
 
  
1,850,000
1,568,345
5% 7/1/25
 
  
340,000
339,733
5% 7/1/27
 
  
430,000
432,349
5% 7/1/31
 
  
500,000
505,362
5% 7/1/32
 
  
550,000
555,193
5% 7/1/33
 
  
720,000
725,260
5% 7/1/34
 
  
675,000
678,782
 Series R:
 
  
  
5% 6/1/37
 
  
1,000,000
1,087,349
5% 6/1/38
 
  
1,045,000
1,128,129
5% 6/1/39
 
  
1,595,000
1,713,336
5% 6/1/40
 
  
1,125,000
1,197,909
Connecticut Higher Ed. Supplemental Ln. Auth. Rev. (Chesla Ln. Prog.):
  
  
  
 Series 2024 B:
 
  
  
5% 11/15/26 (b)
 
  
400,000
414,062
5% 11/15/27 (b)
 
  
665,000
698,181
5% 11/15/28 (b)
 
  
1,020,000
1,084,120
5% 11/15/29 (b)
 
  
1,080,000
1,159,095
5% 11/15/30 (b)
 
  
1,075,000
1,160,474
5% 11/15/31 (b)
 
  
750,000
815,120
5% 11/15/32 (b)
 
  
725,000
792,491
5% 11/15/33 (b)
 
  
540,000
592,189
 Series B:
 
  
  
5% 11/15/24 (b)
 
  
300,000
300,747
5% 11/15/25 (b)
 
  
400,000
407,104
5% 11/15/26 (b)
 
  
600,000
619,803
5% 11/15/27 (b)
 
  
610,000
634,977
5% 11/15/28 (b)
 
  
525,000
556,736
5% 11/15/29 (b)
 
  
495,000
524,958
 Series D:
 
  
  
5% 11/15/24 (Escrowed to Maturity)
 
  
425,000
426,593
5% 11/15/25 (Escrowed to Maturity)
 
  
250,000
256,945
5% 11/15/26 (Escrowed to Maturity)
 
  
180,000
189,274
Connecticut Hsg. Fin. Auth.:
  
  
  
 Series 2016 F, 3.5% 5/15/39 (b)
  
340,000
337,852
 Series 2018 E1, 4.25% 5/15/42
 
990,000
998,489
 Series 2019 B1, 4% 5/15/49
 
2,120,000
2,139,175
 Series 2019 F, 3.5% 11/15/43
 
2,005,000
1,998,214
 Series 2020 A2, 2.2% 5/15/31 (b)
  
1,350,000
1,179,954
 Series 2021 A1:
 
  
  
1.3% 5/15/30
 
  
2,000,000
1,697,063
1.6% 5/15/32
 
  
1,500,000
1,225,646
 Series 2021 A3, 1.6% 5/15/32
 
2,240,000
1,830,298
 Series 2021 B1, 3% 11/15/49
 
2,095,000
2,057,863
 Series 2022 A1, 3.5% 11/15/51
 
920,000
916,990
 Series A2:
 
  
  
5% 11/15/26 (b)
 
  
840,000
868,722
5% 5/15/27 (b)
 
  
1,890,000
1,964,536
5% 11/15/27 (b)
 
  
860,000
898,797
5% 5/15/28 (b)
 
  
615,000
645,745
5% 11/15/28 (b)
 
  
225,000
237,208
 Series C:
 
  
  
5% 5/15/26 (b)
 
  
1,820,000
1,870,770
5% 5/15/27 (b)
 
  
800,000
832,598
5% 11/15/28 (b)
 
  
580,000
610,777
5% 5/15/29 (b)
 
  
1,115,000
1,187,018
Connecticut Spl. Tax Oblig. Trans. Infrastructure Rev.:
  
  
  
 Series 2021 A, 5% 5/1/35
 
1,000,000
1,124,884
 Series 2021 C:
 
  
  
5% 1/1/28
 
  
1,600,000
1,726,272
5% 1/1/30
 
  
3,500,000
3,926,611
5% 1/1/31
 
  
3,410,000
3,878,554
5% 1/1/32
 
  
2,500,000
2,878,724
 Series A:
 
  
  
5% 5/1/28
 
  
1,000,000
1,086,492
5% 9/1/33
 
  
1,000,000
1,000,867
East Lyme Gen. Oblig. Series 2020, 3% 7/15/38
 
530,000
468,240
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
10,006
Hartford County Metropolitan District Gen. Oblig. Series 2018:
  
  
  
 5% 7/15/31
 
1,000,000
1,081,981
 5% 7/15/32
 
1,250,000
1,348,505
 5% 7/15/33
 
1,000,000
1,076,410
 5% 7/15/34
 
1,000,000
1,073,889
Hbr. Point Infrastructure Impt. District Series 2017, 5% 4/1/39 (d)
  
2,000,000
2,022,097
Meriden Gen. Oblig.:
  
  
  
 Series 2020 B, 2% 7/1/36
 
680,000
538,273
 Series 2023:
 
  
  
3% 6/15/35
 
  
1,165,000
1,085,224
3.25% 6/15/36
 
  
565,000
535,222
Milford Gen. Oblig. Series 2021 A:
  
  
  
 2% 11/1/33
 
330,000
281,593
 2% 11/1/35
 
1,285,000
1,051,724
 2% 11/1/36
 
1,285,000
1,023,052
Naugatuck Ctfs. of Prtn. (Naugatuck Incineration Facilities Proj.) Series 2021 A, 4% 8/15/38 (b)
  
3,330,000
3,315,860
New Britain Gen. Oblig.:
  
  
  
 Series 2015 A:
 
  
  
5% 3/1/30
 
  
600,000
605,664
5% 3/1/30 (Pre-Refunded to 3/1/25 @ 100)
 
  
1,260,000
1,272,738
5% 3/1/31 (Pre-Refunded to 3/1/25 @ 100)
 
  
1,955,000
1,974,763
 Series 2017 C:
 
  
  
5% 3/1/32 (Assured Guaranty Muni. Corp. Insured)
 
  
1,635,000
1,709,232
5% 3/1/33 (Assured Guaranty Muni. Corp. Insured)
 
  
1,900,000
1,985,547
 Series 2020, 3% 9/1/44 (Assured Guaranty Muni. Corp. Insured)
 
1,190,000
978,756
New Haven Gen. Oblig.:
  
  
  
 Series 2015 B:
 
  
  
5% 8/15/26 (Build America Mutual Assurance Insured)
 
  
615,000
626,780
5% 8/15/27 (Build America Mutual Assurance Insured)
 
  
765,000
779,631
 Series 2015:
 
  
  
5% 9/1/29 (Assured Guaranty Muni. Corp. Insured)
 
  
2,655,000
2,709,137
5% 9/1/31 (Assured Guaranty Muni. Corp. Insured)
 
  
1,430,000
1,454,712
 Series 2016 A:
 
  
  
5% 8/15/27 (Pre-Refunded to 8/15/26 @ 100)
 
  
35,000
36,631
5% 8/15/28 (Assured Guaranty Muni. Corp. Insured)
 
  
1,500,000
1,561,904
5% 8/15/30 (Assured Guaranty Muni. Corp. Insured)
 
  
1,000,000
1,037,544
5% 8/15/34 (Assured Guaranty Muni. Corp. Insured)
 
  
1,000,000
1,029,620
5% 8/15/35 (Assured Guaranty Muni. Corp. Insured)
 
  
1,000,000
1,028,830
 Series 2017 B, 5% 8/1/25
 
500,000
508,549
 Series 2021 A, 4% 8/1/32
 
950,000
977,134
 Series 2023:
 
  
  
5% 8/1/36 (Build America Mutual Assurance Insured)
 
  
400,000
448,055
5% 8/1/37 (Build America Mutual Assurance Insured)
 
  
550,000
614,199
5% 8/1/38 (Build America Mutual Assurance Insured)
 
  
300,000
332,293
5.25% 8/1/43 (Build America Mutual Assurance Insured)
 
  
1,900,000
2,100,604
Norwalk Conn Hsg. Auth. Multi-family Bonds Series 2024, 3.05%, tender 9/1/27 (c)
  
3,000,000
3,007,265
South Windsor Gen. Oblig. Series 2023, 3% 2/1/36
 
765,000
725,944
Steelpointe Hbr. Infrastructure Impt. District (Steelpointe Hbr. Proj.) Series 2021:
  
  
  
 4% 4/1/31 (d)
  
390,000
383,744
 4% 4/1/36 (d)
  
485,000
458,688
 4% 4/1/41 (d)
  
660,000
592,487
 4% 4/1/51 (d)
  
1,225,000
1,043,658
Stratford Gen. Oblig. Series 2019, 5% 1/1/27
 
1,990,000
2,098,768
Univ. of Connecticut Gen. Oblig.:
  
  
  
 Series 2018 A, 5% 4/15/28
 
4,400,000
4,764,019
 Series 2023 A:
 
  
  
5% 8/15/29
 
  
1,500,000
1,666,855
5% 8/15/30
 
  
1,325,000
1,494,533
West Haven Gen. Oblig.:
  
  
  
 Series 2017 A:
 
  
  
5% 11/1/25
 
  
635,000
649,900
5% 11/1/26
 
  
635,000
660,142
 Series 2017 B, 5% 11/1/32
 
400,000
417,326
 Series 2021, 4% 9/15/41
 
1,125,000
1,098,261
 Series 2024:
 
  
  
4% 2/15/44 (Build America Mutual Assurance Insured)
 
  
300,000
294,870
5% 2/15/25 (Build America Mutual Assurance Insured)
 
  
500,000
503,721
5% 2/15/27 (Build America Mutual Assurance Insured)
 
  
400,000
419,137
5% 2/15/29 (Build America Mutual Assurance Insured)
 
  
500,000
542,606
5% 2/15/31 (Build America Mutual Assurance Insured)
 
  
450,000
495,589
5% 2/15/33 (Build America Mutual Assurance Insured)
 
  
450,000
498,178
5% 2/15/35 (Build America Mutual Assurance Insured)
 
  
300,000
331,816
TOTAL CONNECTICUT
  
  
294,259,399
Puerto Rico - 1.3%
 
  
  
Puerto Rico Commonwealth Aqueduct & Swr. Auth. Series 2021 B, 5% 7/1/37 (d)
  
835,000
877,193
Puerto Rico Commonwealth Pub. Impt. Gen. Oblig. Series 2021 A1:
  
  
  
 0% 7/1/33
 
863,283
580,668
 5.625% 7/1/27
 
100,000
104,122
 5.625% 7/1/29
 
310,000
333,296
 5.75% 7/1/31
 
735,000
813,771
Puerto Rico Sales Tax Fing. Corp. Sales Tax Rev.:
  
  
  
 Series 2018 A1, 0% 7/1/31
 
855,000
655,218
 Series 2019 A2, 4.329% 7/1/40
 
685,000
676,461
TOTAL PUERTO RICO
  
  
4,040,729
 
TOTAL MUNICIPAL BONDS
 (Cost $305,300,070)
  
  
  
298,300,128
 
  
  
  
Municipal Bond Funds - 4.6%
 
  
Shares
Value ($)
 
Fidelity Municipal Cash Central Fund 3.22% (f)(g)
 
 (Cost $14,408,633)
 
  
14,405,752
14,408,634
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 99.2%
 (Cost $319,708,703)
 
  
 
312,708,762
NET OTHER ASSETS (LIABILITIES) - 0.8%  
2,606,945
NET ASSETS - 100.0%
315,315,707
 
  
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 $14,852,884 or 4.7% of net assets.
 
(e)
Level 3 security
 
(f)
Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Municipal Cash Central Fund.
 
(g)
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 3.22%
9,227,996
63,878,153
58,696,349
143,256
(1,166)
-
14,408,634
0.6%
Total
9,227,996
63,878,153
58,696,349
143,256
(1,166)
-
14,408,634
  
 
  
  
  
  
  
  
  
  
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.
 
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