Quarterly Holdings Report
for
Fidelity® New Jersey Municipal Income Fund
August 31, 2025
NJT-NPRT3-1025
1.805777.121
Municipal Securities - 99.3%
 
  
Principal
Amount (a)
 
Value ($)
 
Delaware,New Jersey - 0.8%
 
  
  
Transportation - 0.8%
  
  
  
Delaware River & Bay Auth Series 2022, 5% 1/1/2042
 
2,075,000
2,164,258
Delaware River & Bay Auth Series 2024 B, 5% 1/1/2041
 
500,000
531,385
Delaware River & Bay Auth Series 2024 B, 5% 1/1/2042
 
800,000
842,194
Delaware River & Bay Auth Series 2024 B, 5% 1/1/2043
 
600,000
627,370
Delaware River & Bay Auth Series 2024 B, 5% 1/1/2044
 
425,000
441,281
 
  
  
4,606,488
TOTAL DELAWARE,NEW JERSEY
  
  
4,606,488
Guam - 1.1%
 
  
  
Special Tax - 0.7%
  
  
  
Guam Govt Business Privilege Tax Rev Series 2025 G, 5.25% 1/1/2037
 
1,440,000
1,541,475
Guam Govt Business Privilege Tax Rev Series 2025 G, 5.25% 1/1/2039
 
1,000,000
1,049,724
Guam Govt Business Privilege Tax Rev Series 2025 G, 5.25% 1/1/2040
 
1,200,000
1,250,391
 
  
  
3,841,590
Water & Sewer - 0.4%
  
  
  
Guam Govt Wtrwks Auth Wtr & Wst Rev Series 2025A, 5% 7/1/2036
 
585,000
627,891
Guam Govt Wtrwks Auth Wtr & Wst Rev Series 2025A, 5% 7/1/2037
 
820,000
865,923
Guam Govt Wtrwks Auth Wtr & Wst Rev Series 2025A, 5% 7/1/2038
 
1,010,000
1,052,311
 
  
  
2,546,125
TOTAL GUAM
  
  
6,387,715
New Jersey - 77.3%
 
  
  
Education - 14.5%
  
  
  
Gloucester Cnty NJ Impt Auth Rev (Rowan Univ Proj.) Series 2024, 5% 7/1/2054 (Build America Mutual Assurance Co Insured)
 
4,650,000
4,684,862
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2010-1 Proj.) 5% 12/1/2025 (b)
  
3,000,000
3,014,485
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2010-1 Proj.) 5% 12/1/2027 (b)
  
2,500,000
2,557,190
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2012 Proj.) Series 1A, 5% 12/1/2025 (b)
  
1,400,000
1,407,899
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2018 Proj.) Series 2018 B, 5% 12/1/2026 (b)
  
255,000
260,330
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2018 Proj.) Series 2018 B, 5% 12/1/2028 (b)
  
2,355,000
2,452,732
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2019 Proj.) Series 2019A, 5% 12/1/2027
 
2,000,000
2,095,625
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2019 Proj.) Series 2019A, 5% 12/1/2028
 
700,000
735,058
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2021 A, 5% 12/1/2026 (b)
  
325,000
331,793
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2021 A, 5% 12/1/2027 (b)
  
325,000
337,799
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2021 A, 5% 12/1/2028 (b)
  
400,000
419,608
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2021 A, 5% 12/1/2029 (b)
  
1,050,000
1,112,933
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2021 B, 5% 12/1/2027 (b)
  
1,325,000
1,377,182
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2021 B, 5% 12/1/2028 (b)
  
1,450,000
1,521,078
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2021 B, 5% 12/1/2029 (b)
  
1,415,000
1,499,810
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2023A, 5% 12/1/2025 (b)
  
575,000
577,977
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2023A, 5% 12/1/2026 (b)
  
1,275,000
1,301,650
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2023B, 5% 12/1/2025 (b)
  
1,850,000
1,859,579
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2023B, 5% 12/1/2026 (b)
  
7,000,000
7,146,315
Higher Ed Student Assistance Auth NJ Student Ln Rev Series 2024 A, 5% 12/1/2028 (b)
  
1,900,000
1,993,136
Higher Ed Student Assistance Auth NJ Student Ln Rev Series 2024 A, 5% 12/1/2029 (b)
  
1,900,000
2,013,879
Higher Ed Student Assistance Auth NJ Student Ln Rev Series 2024 A, 5% 12/1/2030 (b)
  
1,875,000
2,006,907
Higher Ed Student Assistance Auth NJ Student Ln Rev Series 2024 A, 5% 12/1/2031 (b)
  
1,270,000
1,361,982
Montclair State University Inc (Montclair State University Inc Proj.) Series 2025A, 5% 7/1/2037 (Assured Guaranty Inc Insured)
 
400,000
438,827
Montclair State University Inc (Montclair State University Inc Proj.) Series 2025A, 5% 7/1/2038 (Assured Guaranty Inc Insured)
 
350,000
379,108
Montclair State University Inc (Montclair State University Inc Proj.) Series 2025A, 5% 7/1/2039 (Assured Guaranty Inc Insured)
 
550,000
589,860
Montclair State University Inc (Montclair State University Inc Proj.) Series 2025A, 5% 7/1/2040 (Assured Guaranty Inc Insured)
 
235,000
250,238
Montclair State University Inc (Montclair State University Inc Proj.) Series 2025A, 5% 7/1/2041 (Assured Guaranty Inc Insured)
 
325,000
341,751
Montclair State University Inc (Montclair State University Inc Proj.) Series 2025A, 5% 7/1/2042 (Assured Guaranty Inc Insured)
 
250,000
260,060
New Jersey Econom Dev Auth Rev (Provident Montclair Proj.) 5% 6/1/2030 (Assured Guaranty Inc Insured)
 
1,500,000
1,547,483
New Jersey Econom Dev Auth Rev (Provident Montclair Proj.) 5% 6/1/2031 (Assured Guaranty Inc Insured)
 
1,500,000
1,543,173
New Jersey Educational Facilities Authority (Ramapo College, NJ Proj.) 5% 7/1/2031
 
3,000,000
3,004,238
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 4% 7/1/2050
 
3,000,000
2,479,893
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 5% 7/1/2032
 
420,000
451,864
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 5% 7/1/2033
 
675,000
720,985
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 5% 7/1/2034
 
540,000
572,675
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 5% 7/1/2035
 
570,000
600,598
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 5% 7/1/2036
 
1,095,000
1,146,297
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 5% 7/1/2037
 
1,095,000
1,138,619
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 5% 7/1/2038
 
985,000
1,014,953
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 5% 7/1/2039
 
1,040,000
1,065,380
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 5% 7/1/2040
 
1,035,000
1,054,333
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 5% 7/1/2045
 
3,500,000
3,484,731
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) Series 2017 A, 5% 7/1/2026
 
945,000
960,671
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) Series 2017 A, 5% 7/1/2029
 
865,000
897,586
New Jersey Educational Facilities Authority (Stockton University Proj.) Series 2016A, 5% 7/1/2027
 
2,875,000
2,920,783
New Jersey Educational Facilities Authority (Stockton University Proj.) Series 2016A, 5% 7/1/2029
 
1,000,000
1,014,260
New Jersey Educational Facilities Authority (Stockton University Proj.) Series 2016A, 5% 7/1/2032
 
600,000
605,962
New Jersey Educational Facilities Authority (William Paterson College, NJ Proj.) 5% 7/1/2032 (Build America Mutual Assurance Co Insured)
 
3,335,000
3,381,504
New Jersey Institute of Technology/NJ 5% 7/1/2031
 
375,000
402,606
New Jersey Institute of Technology/NJ 5% 7/1/2032
 
375,000
399,578
New Jersey Institute of Technology/NJ 5% 7/1/2033
 
170,000
180,146
New Jersey Institute of Technology/NJ Series 2025A, 5.25% 7/1/2050 (Build America Mutual Assurance Co Insured)
 
1,500,000
1,564,282
New Jersey Institute of Technology/NJ Series 2025A, 5.25% 7/1/2055 (Build America Mutual Assurance Co Insured)
 
1,500,000
1,552,458
New Jersey St Edl Facs Auth Rev (Montclair State University Inc Proj.) Series 2024A, 5% 7/1/2026 (Assured Guaranty Inc Insured)
 
1,200,000
1,225,496
New Jersey St Edl Facs Auth Rev (Montclair State University Inc Proj.) Series 2024A, 5% 7/1/2027 (Assured Guaranty Inc Insured)
 
1,445,000
1,513,473
New Jersey St Edl Facs Auth Rev (Montclair State University Inc Proj.) Series 2024A, 5% 7/1/2044 (Assured Guaranty Inc Insured)
 
1,400,000
1,428,961
New Jersey St Edl Facs Auth Rev (Princeton Univ Proj.) Series 2021C, 2% 3/1/2036
 
2,000,000
1,619,092
Passaic Cnty NJ Impt Auth Charter Sch Rev (Paterson Arts & Science Chtr Proj.) 4.25% 7/1/2033
 
515,000
521,889
Passaic Cnty NJ Impt Auth Charter Sch Rev (Paterson Arts & Science Chtr Proj.) 5.25% 7/1/2043
 
670,000
671,851
Passaic Cnty NJ Impt Auth Charter Sch Rev (Paterson Arts & Science Chtr Proj.) 5.375% 7/1/2053
 
1,000,000
988,836
Passaic Cnty NJ Impt Auth Charter Sch Rev (Paterson Arts & Science Chtr Proj.) 5.5% 7/1/2058
 
635,000
634,545
 
  
  
86,638,854
Electric Utilities - 0.8%
  
  
  
New Jersey Eda Wtr Facs Rev (New Jersey American Wtr Co Inc Proj.) 3.75% tender 11/1/2034 (b)(c)
  
5,000,000
5,005,190
General Obligations - 38.7%
  
  
  
Audubon NJ Sch Dist Series 2022, 2.75% 8/15/2033 (Assured Guaranty Inc Insured)
 
1,160,000
1,059,982
Berkely Township NJ Gen. Oblig. 3.25% 8/15/2035
 
1,255,000
1,184,231
Brigantine NJ Gen. Oblig. 2% 9/15/2036
 
1,945,000
1,557,111
County of Bergen NJ Gen. Oblig. Series 2021 ABC, 2% 6/1/2028
 
285,000
277,005
Englewood NJ Gen. Oblig. 2% 2/1/2029
 
560,000
533,646
Essex Cnty NJ Gen. Oblig. Series 2020, 2% 9/1/2031
 
995,000
904,455
Essex Cnty NJ Gen. Oblig. Series 2020, 2% 9/1/2032
 
2,760,000
2,443,544
Hanover Park NJ Regl High Sch Dist 3.5% 3/15/2031
 
1,120,000
1,136,457
Hillsborough Twp NJ Sch Dist 2% 7/15/2040
 
1,240,000
821,383
Howell Twp NJ Gen. Oblig. 2% 10/1/2031
 
1,000,000
892,867
Hudson Cnty NJ Gen. Oblig. Series 2020, 3% 11/15/2032
 
485,000
478,482
Hudson Cnty NJ Impt Auth Lease Rev (Hudson Cnty NJ Proj.) Gen. Oblig. 3% 10/1/2036
 
2,950,000
2,641,006
Jersey City NJ Gen. Oblig. Series 2022A, 3% 2/15/2037
 
1,000,000
887,128
Lyndhurst Twp NJ Gen. Oblig. Series 2021, 2% 3/1/2035
 
2,850,000
2,280,105
Mercer Cnty NJ Gen. Oblig. Series 2021, 2.375% 2/15/2030
 
2,280,000
2,189,026
Millburn Twp NJ Brd Ed 1% 8/15/2027
 
1,430,000
1,378,319
Millburn Twp NJ Brd Ed 1% 8/15/2028
 
1,100,000
1,040,412
Monmouth Cnty NJ Impt Auth Rev Series 2021 A, 3% 3/1/2033 (County of Monmouth NJ Guaranteed)
 
385,000
378,418
Montclair Twp NJ Brd Ed 3.25% 1/15/2038 (Build America Mutual Assurance Co Insured)
 
1,825,000
1,635,619
Morris Cnty NJ Gen. Oblig. Series 2021, 2% 2/1/2029
 
1,085,000
1,041,378
New Jersey Economic Dev Auth Rev (New Jersey St Proj.) 4% 11/1/2044
 
1,255,000
1,085,952
New Jersey Economic Dev Auth Rev (New Jersey St Proj.) 4% 6/15/2046
 
1,250,000
1,071,683
New Jersey Economic Dev Auth Rev (New Jersey St Proj.) 4% 6/15/2050
 
1,000,000
836,967
New Jersey Economic Dev Auth Rev (New Jersey St Proj.) 5% 11/1/2035
 
5,000,000
5,247,179
New Jersey Economic Dev Auth Rev (New Jersey St Proj.) Series 2024 SSS, 5% 6/15/2033
 
1,725,000
1,927,267
New Jersey Economic Dev Auth Rev (New Jersey St Proj.) Series 2024 SSS, 5.25% 6/15/2037
 
1,570,000
1,717,223
New Jersey Economic Dev Auth Rev (New Jersey St Proj.) Series 2024 SSS, 5.25% 6/15/2038
 
3,000,000
3,243,738
New Jersey Economic Dev Auth Rev (New Jersey St Proj.) Series 2024 SSS, 5.25% 6/15/2039
 
3,000,000
3,212,344
New Jersey Eda St Lease Rev (New Jersey St Proj.) Series 2018 A, 5% 6/15/2031
 
2,555,000
2,672,848
New Jersey St 2% 6/1/2027
 
2,000,000
1,975,940
New Jersey St Gen. Oblig. 2% 6/1/2026
 
6,300,000
6,262,204
New Jersey St Gen. Oblig. 2% 6/1/2029
 
3,110,000
2,994,013
New Jersey St Gen. Oblig. 2.25% 6/1/2034
 
540,000
466,508
New Jersey St Gen. Oblig. 3% 6/1/2032
 
4,240,000
4,197,246
New Jersey Trans Trust Fund Auth 0% 12/15/2026 (Ambac Assurance Corp Insured) (d)
  
10,000,000
9,662,807
New Jersey Trans Trust Fund Auth 0% 12/15/2027 (d)
  
3,000,000
2,818,180
New Jersey Trans Trust Fund Auth 0% 12/15/2030 (d)
  
14,795,000
12,546,382
New Jersey Trans Trust Fund Auth 0% 12/15/2031 (d)
  
8,905,000
7,229,739
New Jersey Trans Trust Fund Auth 0% 12/15/2032 (d)
  
355,000
275,537
New Jersey Trans Trust Fund Auth 0% 12/15/2033 (d)
  
1,135,000
838,831
New Jersey Trans Trust Fund Auth 0% 12/15/2033 (Assured Guaranty Inc Insured) (d)
  
4,930,000
3,673,331
New Jersey Trans Trust Fund Auth 0% 12/15/2034 (d)
  
10,775,000
7,559,699
New Jersey Trans Trust Fund Auth 0% 12/15/2034 (d)
  
5,800,000
4,106,510
New Jersey Trans Trust Fund Auth 0% 12/15/2036 (d)
  
25,000,000
15,662,236
New Jersey Trans Trust Fund Auth 0% 12/15/2038 (d)
  
13,900,000
7,693,065
New Jersey Trans Trust Fund Auth 0% 12/15/2038 (d)
  
250,000
138,364
New Jersey Trans Trust Fund Auth 3% 6/15/2050
 
7,500,000
5,179,652
New Jersey Trans Trust Fund Auth 4% 6/15/2050
 
4,300,000
3,657,677
New Jersey Trans Trust Fund Auth 5% 12/15/2033
 
2,850,000
3,037,521
New Jersey Trans Trust Fund Auth 5% 6/15/2037
 
10,000,000
10,789,465
New Jersey Trans Trust Fund Auth 5.25% 6/15/2050
 
15,000,000
15,281,376
New Jersey Trans Trust Fund Auth 5.25% 6/15/2050
 
10,000,000
10,198,194
New Jersey Trans Trust Fund Auth Series 2009A, 0% 12/15/2032 (d)
  
1,925,000
1,504,849
New Jersey Trans Trust Fund Auth Series 2019 BB, 4% 6/15/2038
 
1,035,000
988,270
New Jersey Trans Trust Fund Auth Series 2020 AA, 5% 6/15/2050
 
780,000
780,146
New Jersey Trans Trust Fund Auth Series 2022 A, 4% 6/15/2042
 
750,000
672,921
New Jersey Trans Trust Fund Auth Series 2022AA, 5% 6/15/2038
 
6,440,000
6,765,617
Newark NJ Bd of Ed Bd 4% 7/15/2036 (Build America Mutual Assurance Co Insured)
 
775,000
782,676
Newark NJ Bd of Ed Bd 4% 7/15/2037 (Build America Mutual Assurance Co Insured)
 
725,000
727,283
Newark NJ Bd of Ed Bd 5% 7/15/2028 (Build America Mutual Assurance Co Insured)
 
300,000
320,397
Newark NJ Bd of Ed Bd 5% 7/15/2029 (Build America Mutual Assurance Co Insured)
 
300,000
326,514
Newark NJ Bd of Ed Bd 5% 7/15/2030 (Build America Mutual Assurance Co Insured)
 
300,000
331,238
Newark NJ Bd of Ed Bd 5% 7/15/2031 (Build America Mutual Assurance Co Insured)
 
375,000
417,717
Newark NJ Bd of Ed Bd 5% 7/15/2032 (Build America Mutual Assurance Co Insured)
 
400,000
442,447
Newark NJ Bd of Ed Bd 5% 7/15/2033 (Build America Mutual Assurance Co Insured)
 
500,000
547,510
Newark NJ Gen. Oblig. Series 2025A, 5% 7/15/2026
 
1,745,000
1,778,345
Newark NJ Gen. Oblig. Series 2025A, 5% 7/15/2027
 
2,200,000
2,291,119
Newark NJ Gen. Oblig. Series 2025A, 5% 7/15/2028
 
1,600,000
1,700,111
Newark NJ Gen. Oblig. Series 2025A, 5% 7/15/2029
 
1,100,000
1,189,206
Ocean City NJ Gen. Oblig. Series 2019, 2.25% 9/15/2032
 
455,000
408,395
Ocean City NJ Gen. Oblig. Series 2019, 2.25% 9/15/2033
 
1,170,000
1,022,172
Passaic Cnty NJ Gen. Oblig. 2% 11/1/2033
 
685,000
585,031
Passaic Cnty NJ Gen. Oblig. 2% 11/1/2034
 
1,840,000
1,515,497
Passaic Cnty NJ Gen. Oblig. 2% 11/1/2036
 
1,230,000
947,457
Piscataway Twp NJ Gen. Oblig. 2% 10/15/2034
 
1,485,000
1,234,677
Princeton NJ Gen. Oblig. 2.5% 9/15/2032
 
835,000
775,367
Rahway NJ Sch Dist 2.125% 7/15/2032
 
2,400,000
2,120,374
Rahway NJ Sch Dist 2.125% 7/15/2037 (Build America Mutual Assurance Co Insured)
 
1,110,000
835,432
Rahway NJ Sch Dist 2.125% 7/15/2038 (Build America Mutual Assurance Co Insured)
 
1,400,000
1,014,189
River Vale Township School District 2% 6/15/2030
 
1,020,000
955,996
Rumson Boro School District 2% 7/15/2034
 
680,000
569,705
Rumson Boro School District 2% 7/15/2035
 
865,000
702,169
Rumson Boro School District 2% 7/15/2036
 
1,185,000
930,483
Rutherford NJ Brd Ed Series 2019, 2.75% 12/15/2036
 
1,195,000
1,001,883
Sayreville NJ Gen. Oblig. Series 2021, 2% 11/1/2033
 
1,925,000
1,630,792
Sayreville NJ Gen. Oblig. Series 2021, 2% 11/1/2034
 
1,935,000
1,588,555
South Jersey Port Corp NJ Rev (New Jersey St Proj.) Series 2017B, 5% 1/1/2029 (b)
  
955,000
996,568
South Jersey Port Corp NJ Rev (New Jersey St Proj.) Series 2017B, 5% 1/1/2031 (b)
  
1,950,000
2,024,124
South Jersey Port Corp NJ Rev (New Jersey St Proj.) Series 2017B, 5% 1/1/2033 (b)
  
750,000
771,635
South Jersey Port Corp NJ Rev (New Jersey St Proj.) Series 2017B, 5% 1/1/2035 (b)
  
2,000,000
2,037,336
Washington Twp NJ Ban Gen. Oblig. 2% 5/15/2033
 
1,000,000
867,439
Washington Twp NJ Brd Ed Series 2023, 3.125% 8/15/2035
 
1,515,000
1,422,878
West Windsor Plains NJ Reg Sch 2.25% 8/1/2034
 
3,635,000
3,138,497
 
  
  
232,683,269
Health Care - 6.7%
  
  
  
New Jersey Econom Dev Auth Rev (Black Horse EHT Urban Renewal LLC Proj.) Series 2019 A, 5% (e)
  
1,250,000
953,979
New Jersey Economic Dev Auth Rev (White Horse HMT Urban Renewal LLC Proj.) 5% (e)(f)
  
983,042
677,060
New Jersey Health Care (AHS Hospital Corp Proj.) 5% 7/1/2031
 
400,000
411,775
New Jersey Health Care (Atlanticare Regional Med Ctr Proj.) 3% 7/1/2046
 
7,140,000
5,238,231
New Jersey Health Care (Atlanticare Regional Med Ctr Proj.) 4% 7/1/2035
 
750,000
761,503
New Jersey Health Care (Atlanticare Regional Med Ctr Proj.) 4% 7/1/2037
 
700,000
702,266
New Jersey Health Care (Atlanticare Regional Med Ctr Proj.) 5% 7/1/2033
 
1,420,000
1,537,095
New Jersey Health Care (Atlanticare Regional Med Ctr Proj.) 5% 7/1/2034
 
1,250,000
1,343,727
New Jersey Health Care (Hunterdon Medical Center Proj.) 4% 7/1/2045
 
1,300,000
1,110,498
New Jersey Health Care (Inspira Health Proj.) Series 2024A, 4.125% 7/1/2054
 
6,000,000
5,082,986
New Jersey Health Care (Rwj Barnabas Health Proj.) Series 2024A, 5% 7/1/2027
 
735,000
768,480
New Jersey Health Care (Rwj Barnabas Health Proj.) Series 2024A, 5% 7/1/2028
 
1,000,000
1,071,556
New Jersey Health Care (Rwj Barnabas Health Proj.) Series 2024A, 5% 7/1/2029
 
455,000
497,600
New Jersey Health Care (St Joseph Hosp & Med Ctr, NJ Proj.) Series 2016, 4% 7/1/2048
 
425,000
344,448
New Jersey Health Care (St Joseph Hosp & Med Ctr, NJ Proj.) Series 2016, 5% 7/1/2026
 
800,000
809,051
New Jersey Health Care (Univ of Penn Health Systems Proj.) Series 2016A, 5% 7/1/2027
 
100,000
101,906
New Jersey Health Care (Valley Hospital Proj.) Series 2019, 3% 7/1/2049
 
10,405,000
7,335,776
New Jersey Health Care (Valley Hospital Proj.) Series 2019, 5% 7/1/2034
 
960,000
1,015,011
New Jersey Health Care (Virtua Health Proj.) 2.85% 7/1/2043, LOC JPMorgan Chase Bank NA VRDN (c)
  
11,000,000
11,000,000
 
  
  
40,762,948
Housing - 4.8%
  
  
  
New Jersey St Hsg & Mtg Fin Agy Rev (NJ Single Family Mortgage Proj.) Series 2020 E, 1.75% 4/1/2030
 
900,000
839,757
New Jersey St Hsg & Mtg Fin Agy Rev (NJ Single Family Mortgage Proj.) Series 2021 H, 5% 10/1/2028
 
480,000
512,696
New Jersey St Hsg & Mtg Fin Agy Rev (NJ Single Family Mortgage Proj.) Series 2021 H, 5% 4/1/2028
 
300,000
317,302
New Jersey St Hsg & Mtg Fin Agy Rev (NJ Single Family Mortgage Proj.) Series 2021 H, 5% 4/1/2029
 
500,000
537,209
New Jersey St Hsg & Mtg Fin Agy Rev (NJ Single Family Mortgage Proj.) Series 2022 I, 5% 10/1/2053
 
2,950,000
3,064,521
New Jersey St Hsg & Mtg Fin Agy Rev (NJ Single Family Mortgage Proj.) Series 2025 M, 6.5% 4/1/2056
 
3,000,000
3,396,999
NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2023 C, 5% 11/1/2028 (b)
  
1,875,000
1,959,083
NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2023 C, 5% 11/1/2029 (b)
  
1,950,000
2,049,910
NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2023 C, 5% 11/1/2030 (b)
  
2,045,000
2,149,545
NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2023 C, 5% 5/1/2029 (b)
  
1,885,000
1,976,828
NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2023 C, 5% 5/1/2030 (b)
  
2,000,000
2,103,874
NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2024 D 1, 2.95% 11/1/2027
 
625,000
624,979
NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2024 D 1, 2.95% 5/1/2027
 
580,000
579,848
NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2024 D 1, 3% 11/1/2028
 
790,000
790,240
NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2024 D 1, 3% 5/1/2028
 
765,000
765,077
NJ Hsg & Mtg Fin Agy Multi Fam Rev Series 2024 D 2, 2.9% 11/1/2027
 
3,750,000
3,749,878
NJ Hsg & Mtg Fin Agy Multi Fam Rev Series 2024 D 2, 2.95% 5/1/2028
 
3,150,000
3,150,319
 
  
  
28,568,065
Special Tax - 2.0%
  
  
  
Casino Reinvestment Development Authority NJ Luxury Tax Rev Series 2024A, 4% 11/1/2044 (Assured Guaranty Inc Insured)
 
3,000,000
2,623,783
Casino Reinvestment Development Authority NJ Luxury Tax Rev Series 2024A, 5% 11/1/2027 (Assured Guaranty Inc Insured)
 
750,000
786,995
Casino Reinvestment Development Authority NJ Luxury Tax Rev Series 2024A, 5% 11/1/2028 (Assured Guaranty Inc Insured)
 
1,000,000
1,070,646
Casino Reinvestment Development Authority NJ Luxury Tax Rev Series 2024B, 5% 11/1/2027 (Assured Guaranty Inc Insured)
 
300,000
314,798
Casino Reinvestment Development Authority NJ Luxury Tax Rev Series 2024B, 5% 11/1/2028 (Assured Guaranty Inc Insured)
 
350,000
374,726
Casino Reinvestment Development Authority NJ Luxury Tax Rev Series 2024B, 5% 11/1/2037 (Assured Guaranty Inc Insured)
 
750,000
806,797
Casino Reinvestment Development Authority NJ Luxury Tax Rev Series 2024B, 5% 11/1/2044 (Assured Guaranty Inc Insured)
 
900,000
914,869
NJ Eda Motor Vehicle Series 2017A, 3.125% 7/1/2029
 
1,335,000
1,317,318
NJ Eda Motor Vehicle Series 2017A, 3.375% 7/1/2030
 
3,705,000
3,659,541
 
  
  
11,869,473
Tobacco Bonds - 1.4%
  
  
  
Tobacco Settlement Fin Corp NJ 5% 6/1/2027
 
1,000,000
1,034,001
Tobacco Settlement Fin Corp NJ 5% 6/1/2028
 
2,000,000
2,103,830
Tobacco Settlement Fin Corp NJ Series 2018B, 5% 6/1/2046
 
5,250,000
5,045,666
 
  
  
8,183,497
Transportation - 7.9%
  
  
  
New Jersey Econom Dev Auth Rev (Nynj Link Borrower LLC Proj.) Series 2013, 5.125% 1/1/2034 (b)
  
1,500,000
1,502,049
New Jersey Trans Trust Fund Auth (New Jersey St Grant Anticipati Proj.) Series 2016 A 1, 5% 6/15/2029
 
750,000
763,336
New Jersey Turnpike Authority Series 2024 B, 5.25% 1/1/2049
 
5,000,000
5,181,654
New Jersey Turnpike Authority Series 2024 C, 5% 1/1/2044
 
6,035,000
6,231,389
New Jersey Turnpike Authority Series 2024 C, 5% 1/1/2045
 
5,385,000
5,533,274
New Jersey Turnpike Authority Series 2025A, 5.25% 1/1/2050
 
5,000,000
5,199,790
New Jersy Ec Dv Ath Spl Fac Rv (Port Newark Container Term LLC Proj.) 5% 10/1/2037 (b)
  
1,955,000
1,969,310
South Jersey Trans Auth NJ Trans Sys Rev 5% 11/1/2028 (Assured Guaranty Inc Insured)
 
200,000
215,133
South Jersey Trans Auth NJ Trans Sys Rev 5% 11/1/2031 (Assured Guaranty Inc Insured)
 
1,500,000
1,630,448
South Jersey Trans Auth NJ Trans Sys Rev 5% 11/1/2032 (Assured Guaranty Inc Insured)
 
1,230,000
1,326,277
South Jersey Trans Auth NJ Trans Sys Rev 5% 11/1/2033 (Assured Guaranty Inc Insured)
 
750,000
801,815
South Jersey Trans Auth NJ Trans Sys Rev 5% 11/1/2045
 
7,000,000
7,004,787
South Jersey Trans Auth NJ Trans Sys Rev 5% 11/1/2045 (Build America Mutual Assurance Co Insured)
 
2,000,000
2,027,713
South Jersey Trans Auth NJ Trans Sys Rev Series 2025A, 4% 11/1/2038
 
2,000,000
1,922,079
South Jersey Trans Auth NJ Trans Sys Rev Series 2025A, 4% 11/1/2039
 
2,000,000
1,891,096
South Jersey Trans Auth NJ Trans Sys Rev Series 2025A, 5% 11/1/2036
 
1,000,000
1,087,715
South Jersey Trans Auth NJ Trans Sys Rev Series 2025A, 5% 11/1/2037
 
750,000
806,741
South Jersey Trans Auth NJ Trans Sys Rev Series 2025A, 5% 11/1/2038
 
1,000,000
1,062,435
South Jersey Trans Auth NJ Trans Sys Rev Series 2025A, 5% 11/1/2039
 
1,000,000
1,053,708
 
  
  
47,210,749
Water & Sewer - 0.5%
  
  
  
New Jersey Eda Wtr Facs Rev (Middlesex Water Co Proj.) Series 2019, 4% 8/1/2059 (b)
  
1,000,000
791,427
New Jersey Eda Wtr Facs Rev (Middlesex Water Co Proj.) Series 2019, 5% 8/1/2059 (b)
  
1,000,000
993,118
Rahway Vy NJ Sew Auth Swr Rev 0% 9/1/2035 (National Public Finance Guarantee Corporation Insured) (d)
  
1,375,000
932,469
 
  
  
2,717,014
TOTAL NEW JERSEY
  
  
463,639,059
New Jersey,New York - 15.8%
 
  
  
Transportation - 15.8%
  
  
  
Port Auth NY & NJ 4% 7/15/2037 (b)
  
1,000,000
972,895
Port Auth NY & NJ 4% 7/15/2045 (b)
  
1,500,000
1,279,833
Port Auth NY & NJ 4% 7/15/2050 (b)
  
1,215,000
1,010,199
Port Auth NY & NJ 5% 1/15/2047 (b)
  
6,000,000
5,977,070
Port Auth NY & NJ 5% 10/15/2033 (b)
  
9,195,000
10,099,138
Port Auth NY & NJ 5% 7/15/2035 (b)
  
2,500,000
2,601,378
Port Auth NY & NJ 5% 9/15/2028 (b)
  
4,000,000
4,208,211
Port Auth NY & NJ 5% 9/15/2029 (b)
  
1,750,000
1,837,724
Port Auth NY & NJ 5% 9/15/2034 (b)
  
5,000,000
5,157,467
Port Auth NY & NJ Series 197, 5% 11/15/2032 (b)
  
5,000,000
5,091,564
Port Auth NY & NJ Series 223, 4% 7/15/2034 (b)
  
2,000,000
2,032,555
Port Auth NY & NJ Series 223, 4% 7/15/2035 (b)
  
2,250,000
2,264,861
Port Auth NY & NJ Series 223, 4% 7/15/2036 (b)
  
1,350,000
1,344,747
Port Auth NY & NJ Series 223, 4% 7/15/2037 (b)
  
2,750,000
2,675,460
Port Auth NY & NJ Series 223, 4% 7/15/2038 (b)
  
6,000,000
5,696,391
Port Auth NY & NJ Series 223, 4% 7/15/2039 (b)
  
4,000,000
3,732,382
Port Auth NY & NJ Series 223, 5% 7/15/2056 (b)
  
3,500,000
3,466,950
Port Auth NY & NJ Series 227, 2% 10/1/2031 (b)
  
2,685,000
2,329,606
Port Auth NY & NJ Series 238, 5% 7/15/2035 (b)
  
3,525,000
3,786,710
Port Auth NY & NJ Series 238, 5% 7/15/2036 (b)
  
3,430,000
3,634,130
Port Auth NY & NJ Series 238, 5% 7/15/2037 (b)
  
1,765,000
1,852,258
Port Auth NY & NJ Series 238, 5% 7/15/2038 (b)
  
3,235,000
3,356,696
Port Auth NY & NJ Series 238, 5% 7/15/2039 (b)
  
1,685,000
1,735,457
Port Auth NY & NJ Series 246, 5% 9/1/2033 (b)
  
7,975,000
8,758,941
Port Auth NY & NJ Series 246, 5% 9/1/2041 (b)
  
1,400,000
1,425,905
Port Auth NY & NJ Series TWO HUNDRED EIGHTEEN, 5% 11/1/2044 (b)
  
1,420,000
1,403,962
Port Auth NY & NJ Series TWO HUNDRED FOURTEEN, 5% 9/1/2030 (b)
  
250,000
265,953
Port Auth NY & NJ Series TWO HUNDRED FOURTEEN, 5% 9/1/2036 (b)
  
6,785,000
6,966,287
 
  
  
94,964,730
TOTAL NEW JERSEY,NEW YORK
  
  
94,964,730
New Jersey,Pennsylvania - 2.7%
 
  
  
Transportation - 2.7%
  
  
  
Delaware Riv Port Auth PA & NJ 5% 1/1/2037
 
1,200,000
1,244,215
Delaware Riv Port Auth PA & NJ Series 2025, 5% 1/1/2038
 
3,170,000
3,469,781
Delaware Riv Port Auth PA & NJ Series 2025, 5% 1/1/2039
 
5,250,000
5,683,135
Delaware Riv Port Auth PA & NJ Series 2025, 5% 1/1/2040
 
4,750,000
5,103,483
Delaware Rvr Jt Toll Brg PA NJ Series 2019 A, 5% 7/1/2044
 
700,000
706,164
 
  
  
16,206,778
TOTAL NEW JERSEY,PENNSYLVANIA
  
  
16,206,778
Puerto Rico - 1.2%
 
  
  
General Obligations - 0.6%
  
  
  
Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 0% 7/1/2033
 
1,552,650
1,085,434
Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 5.625% 7/1/2027
 
175,000
180,947
Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 5.625% 7/1/2029
 
545,000
580,578
Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 5.75% 7/1/2031
 
1,300,000
1,425,706
 
  
  
3,272,665
Health Care - 0.3%
  
  
  
Puerto Rico Indl Tourist Edl Med & Environmental Ctl Facs Fing Auth Hosp Rev (Hosp Auxilio Mutou Oblig Grp Proj.) Series 2021, 4% 7/1/2041
 
195,000
165,421
Puerto Rico Indl Tourist Edl Med & Environmental Ctl Facs Fing Auth Hosp Rev (Hosp Auxilio Mutou Oblig Grp Proj.) Series 2021, 5% 7/1/2030
 
860,000
919,597
Puerto Rico Indl Tourist Edl Med & Environmental Ctl Facs Fing Auth Hosp Rev (Hosp Auxilio Mutou Oblig Grp Proj.) Series 2021, 5% 7/1/2032
 
125,000
132,231
Puerto Rico Indl Tourist Edl Med & Environmental Ctl Facs Fing Auth Hosp Rev (Hosp Auxilio Mutou Oblig Grp Proj.) Series 2021, 5% 7/1/2034
 
110,000
114,529
Puerto Rico Indl Tourist Edl Med & Environmental Ctl Facs Fing Auth Hosp Rev (Hosp Auxilio Mutou Oblig Grp Proj.) Series 2021, 5% 7/1/2035
 
480,000
495,966
 
  
  
1,827,744
Special Tax - 0.2%
  
  
  
Puerto Rico Sales Tax Fing Corp Sales Tax Rev Series A 1, 0% 7/1/2031 (d)
  
1,465,000
1,176,531
Water & Sewer - 0.1%
  
  
  
Puerto Rico Comwlth Aqueduct & Swr Auth Rev Series 2021 B, 5% 7/1/2037 (e)
  
645,000
661,788
TOTAL PUERTO RICO
  
  
6,938,728
Virgin Islands - 0.4%
 
  
  
Transportation - 0.4%
  
  
  
Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2033
 
1,055,000
1,165,742
Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2037
 
1,645,000
1,763,892
 
  
  
2,929,634
TOTAL VIRGIN ISLANDS
  
  
2,929,634
 
TOTAL MUNICIPAL SECURITIES
 (Cost $602,019,867)
  
  
  
595,673,132
 
  
  
  
Money Market Funds - 0.0%
 
  
Yield (%)
Shares
Value ($)
 
Fidelity Municipal Cash Central Fund (g)(h)
 (Cost $499,785)
  
3.21
499,685
499,785
 
  
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 99.3%
 (Cost $602,519,652)
 
  
 
596,172,917
NET OTHER ASSETS (LIABILITIES) - 0.7%  
3,974,936
NET ASSETS - 100.0%
600,147,853
 
  
Security Type Abbreviations
VRDN
-
VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly)
 
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 initially issued in zero coupon form which converts to coupon form at a specified rate and date. The rate shown is the rate at period end.
 
(e)
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 $2,292,827 or 0.4% of net assets.
 
(f)
Non-income producing - Security is in default.
 
(g)
Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Central Fund.
 
(h)
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 ($)
  
 
Shares,
end
of period
% ownership,
end
of period
Fidelity Municipal Cash Central Fund
20,082,663
120,025,287
139,608,165
532,247
-
-
499,785
499,685
0.0%
Total
20,082,663
120,025,287
139,608,165
532,247
-
-
499,785
  
  
 
  
  
  
  
  
  
  
  
  
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 Securities 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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