FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND (FIMIX)

Basic Info 11.01 0.02(0.18%)
May 17

FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND started on 11/27/1985
FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND is classified as asset class Muni Minnesota
FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND expense ratio is 0.51%
FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND rating is
(100%)

FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND (FIMIX) Dividend Info

FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND (FIMIX) dividend growth in the last 12 months is 13.43%

The trailing 12-month yield of FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND is 2.45%. its dividend history:

DateDividend
04/30/2024 0.0241
03/28/2024 0.0248
02/29/2024 0.0222
01/31/2024 0.0227
12/29/2023 0.0227
11/30/2023 0.022
10/31/2023 0.0227
09/29/2023 0.0217
08/31/2023 0.0224
07/31/2023 0.0225
06/30/2023 0.0205
05/31/2023 0.0212
04/28/2023 0.0205
03/31/2023 0.0212
02/28/2023 0.0189
01/31/2023 0.0198
12/30/2022 0.0206
11/30/2022 0.0192
10/31/2022 0.0204
09/30/2022 0.0193
08/31/2022 0.0198
07/29/2022 0.02
06/30/2022 0.0186
05/31/2022 0.0193
04/29/2022 0.0185
03/31/2022 0.0191
02/28/2022 0.0163
02/04/2022 0.005
01/31/2022 0.0183
12/31/2021 0.0183
12/01/2021 0.032
11/30/2021 0.0181
10/29/2021 0.0182
09/30/2021 0.0135
08/31/2021 0.0187
07/30/2021 0.019
06/30/2021 0.0186
05/28/2021 0.0199
04/30/2021 0.0195
03/31/2021 0.02
02/26/2021 0.0177
01/29/2021 0.0203
12/31/2020 0.0201
12/01/2020 0.025
11/30/2020 0.0196
10/30/2020 0.0201
09/30/2020 0.0196
08/31/2020 0.0204
07/31/2020 0.0208
06/30/2020 0.0206
05/29/2020 0.0218
04/30/2020 0.0217
03/31/2020 0.023
02/28/2020 0.021
02/07/2020 0.001
01/31/2020 0.0229
12/31/2019 0.0231
12/02/2019 0.009
11/29/2019 0.0225
10/31/2019 0.0234
09/30/2019 0.0227
08/30/2019 0.0239
07/31/2019 0.024
06/28/2019 0.0234
05/31/2019 0.0242
04/30/2019 0.0235
03/29/2019 0.0242
02/28/2019 0.0215
02/08/2019 0.016
01/31/2019 0.024
12/31/2018 0.0242
11/30/2018 0.023
11/27/2018 0.003
10/31/2018 0.024
09/28/2018 0.0231
08/31/2018 0.0242
07/31/2018 0.0241
06/29/2018 0.0232
05/31/2018 0.0241
04/30/2018 0.023
03/29/2018 0.024
02/28/2018 0.021
02/09/2018 0.016
01/31/2018 0.024
12/29/2017 0.024
11/30/2017 0.023
11/28/2017 0.002
10/31/2017 0.024
09/29/2017 0.023
08/31/2017 0.0241
07/31/2017 0.0241
06/30/2017 0.0231
05/31/2017 0.0244
03/31/2017 0.025
02/28/2017 0.022
02/03/2017 0.007
01/31/2017 0.025
12/30/2016 0.025
11/30/2016 0.023
11/28/2016 0.042
10/31/2016 0.025
09/30/2016 0.024
08/31/2016 0.025
07/29/2016 0.025
06/30/2016 0.024
05/31/2016 0.026
04/29/2016 0.025
03/31/2016 0.027
02/29/2016 0.025
02/05/2016 0.002
01/29/2016 0.027
12/31/2015 0.027
12/23/2015 0.045
11/30/2015 0.026
10/30/2015 0.027
09/30/2015 0.026
08/31/2015 0.027
07/31/2015 0.027
06/30/2015 0.026
05/29/2015 0.027
04/30/2015 0.026
03/31/2015 0.027
02/27/2015 0.024
02/06/2015 0.005
01/30/2015 0.027
12/31/2014 0.027
12/26/2014 0.045
11/28/2014 0.026
10/31/2014 0.028
09/30/2014 0.027
08/29/2014 0.028
07/31/2014 0.028
06/30/2014 0.027
05/30/2014 0.028
04/30/2014 0.027
03/31/2014 0.028
02/28/2014 0.025
02/07/2014 0.018
01/31/2014 0.029
12/31/2013 0.029
12/20/2013 0.016
11/29/2013 0.027
10/31/2013 0.029
09/30/2013 0.028
08/30/2013 0.029
07/31/2013 0.029
06/28/2013 0.027
05/31/2013 0.028
04/30/2013 0.026
03/28/2013 0.028
02/28/2013 0.025
02/08/2013 0.025
01/31/2013 0.029
12/31/2012 0.032
12/21/2012 0.015
11/30/2012 0.03
10/31/2012 0.03
09/28/2012 0.029
08/31/2012 0.031
07/31/2012 0.032
06/29/2012 0.031
05/31/2012 0.032
04/30/2012 0.031
03/30/2012 0.032
02/29/2012 0.029
01/31/2012 0.034
12/30/2011 0.034
12/22/2011 0.045
11/30/2011 0.033
10/31/2011 0.034
09/30/2011 0.033
08/31/2011 0.034
07/29/2011 0.034
06/30/2011 0.033
05/31/2011 0.035
04/29/2011 0.033
03/31/2011 0.035
02/28/2011 0.031
02/04/2011 0.006
01/31/2011 0.035
12/31/2010 0.034
12/22/2010 0.014
11/30/2010 0.032
10/29/2010 0.033
09/30/2010 0.031
08/31/2010 0.033
07/30/2010 0.033
06/30/2010 0.032
05/28/2010 0.033
04/30/2010 0.033
03/31/2010 0.035
02/26/2010 0.03
01/29/2010 0.034
12/31/2009 0.034
12/23/2009 0.007
11/30/2009 0.033
10/30/2009 0.034
09/30/2009 0.033
08/31/2009 0.034
07/31/2009 0.034
06/30/2009 0.033
05/29/2009 0.034
04/30/2009 0.033
03/31/2009 0.035
02/27/2009 0.032
01/30/2009 0.036
12/31/2008 0.036
11/28/2008 0.035
10/31/2008 0.036
09/30/2008 0.035
08/29/2008 0.036
07/31/2008 0.037
06/30/2008 0.035
05/30/2008 0.036
04/30/2008 0.035
03/31/2008 0.037
02/29/2008 0.035
02/08/2008 0.02
01/31/2008 0.037
12/31/2007 0.037
12/28/2007 0.05
11/30/2007 0.036
10/31/2007 0.037
09/28/2007 0.037
08/31/2007 0.037
07/31/2007 0.038
06/29/2007 0.037
05/31/2007 0.038
04/30/2007 0.037
03/30/2007 0.038
02/28/2007 0.034
01/31/2007 0.038
12/29/2006 0.038
12/08/2006 0.065
11/30/2006 0.037
10/31/2006 0.039
09/29/2006 0.038
08/31/2006 0.039
07/31/2006 0.039
06/30/2006 0.038
05/31/2006 0.039
04/28/2006 0.038
03/31/2006 0.04
02/28/2006 0.035
01/31/2006 0.039
12/30/2005 0.038
12/09/2005 0.035
11/30/2005 0.037
10/31/2005 0.039
09/30/2005 0.037
08/31/2005 0.039
07/29/2005 0.039
06/30/2005 0.038
05/31/2005 0.04
04/29/2005 0.039
03/31/2005 0.04
02/28/2005 0.035
02/04/2005 0.003
01/31/2005 0.039
12/31/2004 0.039
12/10/2004 0.027
11/30/2004 0.038
10/29/2004 0.039
09/30/2004 0.038
08/31/2004 0.039
07/30/2004 0.039
06/30/2004 0.037
05/28/2004 0.039
04/30/2004 0.038
03/31/2004 0.039
02/27/2004 0.036
02/06/2004 0.03
01/30/2004 0.043
12/31/2003 0.039
12/12/2003 0.066
11/28/2003 0.039
10/31/2003 0.041
09/30/2003 0.039
08/29/2003 0.04
07/31/2003 0.039
06/30/2003 0.038
05/30/2003 0.04
04/30/2003 0.038
03/31/2003 0.039
02/28/2003 0.035
01/31/2003 0.04
12/31/2002 0.041
11/29/2002 0.041
10/31/2002 0.044
09/30/2002 0.041
08/30/2002 0.044
07/31/2002 0.045
06/28/2002 0.043
05/31/2002 0.044
04/30/2002 0.043
03/28/2002 0.045
02/28/2002 0.039
01/31/2002 0.044
12/31/2001 0.044
11/30/2001 0.042
10/31/2001 0.044
09/28/2001 0.043
08/31/2001 0.044
07/31/2001 0.044
06/29/2001 0.043
05/31/2001 0.045
04/30/2001 0.043
03/30/2001 0.046
02/28/2001 0.041
01/31/2001 0.045
12/29/2000 0.044
11/30/2000 0.043
10/31/2000 0.045
09/29/2000 0.043
08/31/2000 0.045
07/31/2000 0.046
06/30/2000 0.044
05/31/2000 0.046
04/28/2000 0.043
03/31/2000 0.044
02/29/2000 0.041
01/31/2000 0.044
12/31/1999 0.044
11/30/1999 0.042
10/29/1999 0.043
09/30/1999 0.042
08/31/1999 0.044
07/30/1999 0.043
06/30/1999 0.042
05/28/1999 0.044
04/30/1999 0.042
03/31/1999 0.044
02/26/1999 0.038
01/29/1999 0.044
12/31/1998 0.044
11/30/1998 0.043
10/30/1998 0.044
09/30/1998 0.044
08/31/1998 0.046
07/31/1998 0.045
06/30/1998 0.044
05/29/1998 0.046
04/30/1998 0.044
03/31/1998 0.046
02/27/1998 0.041
01/30/1998 0.045
12/31/1997 0.045
11/28/1997 0.045
10/31/1997 0.046
09/30/1997 0.045
08/29/1997 0.047
07/31/1997 0.047
06/30/1997 0.046
05/30/1997 0.048
04/30/1997 0.046
03/31/1997 0.048
02/28/1997 0.042
01/31/1997 0.047
12/31/1996 0.047
11/29/1996 0.045
10/31/1996 0.047
09/30/1996 0.046
08/30/1996 0.046
07/31/1996 0.047
06/28/1996 0.046
05/31/1996 0.048
04/30/1996 0.047
03/29/1996 0.049
02/29/1996 0.046
01/31/1996 0.05
12/29/1995 0.05
11/30/1995 0.049
10/31/1995 0.051
09/29/1995 0.05
08/31/1995 0.052
07/31/1995 0.052
06/30/1995 0.051
05/31/1995 0.053
04/28/1995 0.05
03/31/1995 0.054
02/28/1995 0.048
01/31/1995 0.055
12/30/1994 0.055
11/30/1994 0.053
10/31/1994 0.052
09/30/1994 0.052
08/31/1994 0.054
07/29/1994 0.054
06/30/1994 0.052
05/31/1994 0.054
04/29/1994 0.051
03/31/1994 0.055
02/28/1994 0.048
01/31/1994 0.054
12/31/1993 0.054
11/30/1993 0.054
10/29/1993 0.055
09/30/1993 0.054
08/31/1993 0.055
07/30/1993 0.054
06/30/1993 0.053
05/28/1993 0.056
04/30/1993 0.054
03/31/1993 0.055
02/26/1993 0.048
01/29/1993 0.056
12/31/1992 0.056
11/30/1992 0.055
10/30/1992 0.057
09/30/1992 0.056
08/31/1992 0.057
07/31/1992 0.057
06/30/1992 0.055
05/29/1992 0.057
04/30/1992 0.055
03/31/1992 0.057
02/28/1992 0.055
01/31/1992 0.057
12/31/1991 0.057
11/29/1991 0.057
10/31/1991 0.057
09/30/1991 0.057
08/30/1991 0.057
07/31/1991 0.057
06/28/1991 0.057
05/31/1991 0.057
04/30/1991 0.058
03/28/1991 0.058
02/28/1991 0.059
01/31/1991 0.059
12/31/1990 0.058
11/30/1990 0.058
10/31/1990 0.058
09/28/1990 0.059
08/31/1990 0.058
07/31/1990 0.058
06/29/1990 0.058
05/31/1990 0.058
04/30/1990 0.057
03/30/1990 0.061
02/28/1990 0.058
01/31/1990 0.057
12/29/1989 0.06
11/30/1989 0.058
10/31/1989 0.056
09/29/1989 0.06
08/31/1989 0.058
07/31/1989 0.059
06/30/1989 0.059
05/31/1989 0.06
04/28/1989 0.06
03/31/1989 0.061
02/28/1989 0.061
01/31/1989 0.061
12/30/1988 0.061
11/30/1988 0.061
10/31/1988 0.062
09/30/1988 0.059
08/31/1988 0.059
07/29/1988 0.059
06/30/1988 0.059
05/31/1988 0.059
04/29/1988 0.059
03/31/1988 0.059
02/29/1988 0.057
01/29/1988 0.058
12/31/1987 0.059
11/30/1987 0.059
10/30/1987 0.06
09/30/1987 0.06
08/31/1987 0.059
07/31/1987 0.057
06/30/1987 0.059
05/29/1987 0.06
04/30/1987 0.069
03/31/1987 0.061
02/27/1987 0.06
01/30/1987 0.06
12/31/1986 0.06
11/28/1986 0.06
10/31/1986 0.064
09/30/1986 0.064
08/29/1986 0.061
07/31/1986 0.062
06/30/1986 0.067
05/30/1986 0.065
04/30/1986 0.065
03/31/1986 0.067
02/28/1986 0.069
01/31/1986 0.068
12/31/1985 0.066
11/29/1985 0.009

Dividend Growth History for FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND (FIMIX)

Year
Payout Amount
Year Start Yield
Annual Payout Growth (YoY)
CAGR to 2023
2023 $0.2561 2.35% 9.26% -
2022 $0.2344 1.95% -7.64% 9.26%
2021 $0.2538 2.08% -8.57% 0.45%
2020 $0.2776 2.33% -9.10% -2.65%
2019 $0.3054 2.67% 1.50% -4.31%
2018 $0.3009 2.59% 11.16% -3.17%
2017 $0.2707 2.37% -21.54% -0.92%
2016 $0.345 2.93% -5.99% -4.17%
2015 $0.367 3.11% -6.14% -4.40%
2014 $0.391 3.43% 4.27% -4.59%
2013 $0.375 3.13% -3.35% -3.74%
2012 $0.388 3.29% -14.73% -3.71%
2011 $0.455 4.04% 11.79% -4.68%
2010 $0.407 3.58% -1.21% -3.50%
2009 $0.412 3.86% -8.44% -3.34%
2008 $0.45 4.00% -8.91% -3.69%
2007 $0.494 4.35% -5.73% -4.02%
2006 $0.524 4.59% 5.22% -4.12%
2005 $0.498 4.28% -4.41% -3.63%
2004 $0.521 4.47% -2.25% -3.67%
2003 $0.533 4.59% 3.70% -3.60%
2002 $0.514 4.59% -1.91% -3.26%
2001 $0.524 4.67% -0.76% -3.20%
2000 $0.528 4.98% 3.13% -3.10%
1999 $0.512 4.49% -3.76% -2.85%
1998 $0.532 4.69% -3.62% -2.88%
1997 $0.552 5.06% -2.13% -2.91%
1996 $0.564 5.09% -8.29% -2.88%
1995 $0.615 6.08% -3.00% -3.08%
1994 $0.634 5.52% -2.16% -3.08%
1993 $0.648 5.96% -3.86% -3.05%
1992 $0.674 6.28% -2.32% -3.07%
1991 $0.69 6.53% -1.15% -3.05%
1990 $0.698 6.63% -2.10% -2.99%
1989 $0.713 6.92% 0.14% -2.97%
1988 $0.712 7.23% -1.52% -2.88%
1987 $0.723 6.58% -6.35% -2.84%
1986 $0.772 7.64% 929.33% -2.94%
1985 $0.075 0.75% - 3.28%

Dividend Growth Chart for FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND (FIMIX)

FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND (FIMIX) Historical Returns And Risk Info

From 05/12/1986 to 05/17/2024, the compound annualized total return (dividend reinvested) of FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND (FIMIX) is 4.577%. Its cumulative total return (dividend reinvested) is 448.354%.

From 05/12/1986 to 05/17/2024, the Maximum Drawdown of FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND (FIMIX) is 20.1%.

From 05/12/1986 to 05/17/2024, the Sharpe Ratio of FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND (FIMIX) is 0.73.

From 05/12/1986 to 05/17/2024, the Annualized Standard Deviation of FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND (FIMIX) is 3.6%.

From 05/12/1986 to 05/17/2024, the Beta of FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND (FIMIX) is 0.97.

Last 1 Week* YTD*(2024) 1 Yr 3 Yr 5 Yr 10 Yr 15 Yr 20 Yr Since
05/12/1986		 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985
Annualized Return(%) 0.1 -0.3 2.8 -0.8 1.0 2.0 2.7 3.2 4.6 5.0 -7.5 0.7 4.6 7.1 0.7 4.3 0.1 3.0 6.8 -1.9 4.9 9.1 2.4 9.9 -0.3 3.2 4.2 2.6 4.0 5.3 8.6 4.6 10.6 -2.4 5.5 8.9 3.8 16.0 -6.7 12.4 7.6 8.5 7.2 9.2 12.6 -4.1 17.0 1.5
Sharpe Ratio NA -1.92 -0.41 -1.03 -0.14 0.29 NA NA 0.73 0.22 -2.47 0.44 0.61 2.99 -0.36 1.67 -0.05 1.66 3.92 -0.78 2.5 3.83 0.94 3.19 -0.24 0.09 0.42 0.19 0.93 1.52 2.76 0.95 2.67 -2.22 0.86 1.77 0.07 2.91 -1.72 3.15 1.79 1.74 0.54 1.14 1.99 -0.77 2.67 3.37
Draw Down(%) NA 1.8 5.1 12.1 12.1 12.1 NA NA 20.1 5.9 11.6 2.0 10.6 1.7 2.2 1.6 5.3 2.0 1.4 5.4 1.6 1.8 4.2 2.1 8.5 1.6 1.1 2.3 4.7 4.4 3.1 2.9 2.6 4.5 1.6 2.0 4.3 2.5 11.8 2.8 3.4 1.5 3.2 2.3 3.1 20.1 4.9 0.8
Standard Deviation(%) NA 2.6 3.4 3.1 4.1 3.2 NA NA 3.6 3.5 3.6 1.5 7.2 1.9 1.8 2.2 2.3 1.8 1.7 2.5 2.0 2.4 2.5 3.1 5.0 2.2 2.1 2.4 3.2 3.0 2.7 2.5 2.4 2.5 2.6 3.0 4.5 4.2 5.6 3.3 2.9 2.7 3.6 3.1 4.0 10.5 4.8 4.2
Treynor Ratio NA -0.05 -0.01 -0.03 -0.01 0.01 NA NA 0.03 0.01 -0.09 0.01 0.04 0.06 -0.01 0.04 0.0 0.03 0.08 -0.02 0.06 0.1 0.03 0.11 -0.01 0.0 0.01 0.0 0.03 0.05 0.09 0.03 0.06 -0.06 0.02 0.05 0.0 0.11 -0.08 0.11 0.06 0.06 0.02 0.04 0.1 -0.07 0.15 0.16
Alpha NA 0.0 0.0 0.0 0.0 0.0 NA NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.01 0.0 0.0 -0.01 0.0 0.01 0.0 0.0 -0.01 0.01 0.0 -0.01 0.0 0.0 0.01 -0.02 0.01 0.0
Beta NA 1.02 1.05 0.99 1.02 1.0 NA NA 0.97 1.01 0.96 0.98 1.03 1.03 1.0 0.97 0.88 0.87 0.87 0.78 0.86 0.92 0.89 0.86 0.94 0.9 0.91 0.95 0.88 0.93 0.82 0.84 1.02 0.96 0.95 1.07 1.13 1.16 1.2 0.92 0.89 0.82 0.96 0.84 0.82 1.12 0.85 0.86
RSquare NA 0.88 0.93 0.93 0.96 0.93 NA NA 0.71 0.94 0.94 0.81 0.98 0.82 0.83 0.84 0.89 0.84 0.8 0.87 0.8 0.85 0.88 0.79 0.91 0.85 0.85 0.87 0.9 0.83 0.8 0.73 0.84 0.75 0.81 0.75 0.85 0.83 0.83 0.67 0.73 0.7 0.76 0.71 0.46 0.38 0.46 0.72
Yield(%) N/A 0.7 2.5 2.1 2.2 2.5 2.9 3.3 N/A 2.2 2.0 2.1 2.2 2.4 2.2 2.0 2.6 3.3 3.6 3.3 3.2 3.9 3.3 3.7 4.4 4.6 4.7 4.5 4.6 4.7 4.3 4.4 4.7 4.2 4.5 5.1 5.3 6.0 5.4 6.0 6.7 6.8 6.8 7.0 7.3 6.6 7.5 0.8
Dividend Growth(%) N/A -66.7 13.4 -10.9 -20.8 -33.5 -36.9 N/A N/A 0.0 -7.7 0.0 -3.7 3.8 13.0 -25.8 -20.5 -4.9 5.1 2.6 -13.6 15.8 -2.6 -22.0 -3.8 -3.7 3.8 -3.7 -1.8 14.6 -2.0 -2.0 4.2 -5.9 -8.9 -5.1 -3.3 -1.6 -4.6 -9.7 0.0 0.0 0.0 0.0 -1.4 -3.9 850.0 N/A

Return Calculator for FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND (FIMIX)

Calculate Performance

Start date (MM/dd/yyyy)

End date   (MM/dd/yyyy)


Click here for comparison with other funds, portfolios or stocks

FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND (FIMIX) Historical Return Chart

Click here for interactive chart

FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND (FIMIX) Rolling Returns Charts

A rolling return for a period such as 5-year, as of a specific date, represents the investment’s performance over the preceding five years leading up to that date. In the 5-year rolling chart, the value on any given date corresponds to the annualized return for the preceding 5 years up to that very date. Thus, for instance, the chart value on 8/28/2015 reflects the annualized return from 8/28/2010 to 8/28/2015. A 5-year rolling return chart for an investment (stock, fund or portfolio) depicts the return sequence of 5-year trailing returns for the dates in the chart.

These rolling returns contrast with the most recent 3, 5, 10, and 15-year returns, as they solely depict the returns for those respective periods leading up to the most recent date, without encompassing every date in the historical record.

Rolling return charts offer a more precise insight into a portfolio’s risk and return stability (including funds or individual stocks). This is particularly true when focusing on the minimal return points within a rolling return chart as a measure of a fund or a portfolio's risk. A well-known observation, often attributed to ‘Murphy’s law’, is that it tends to perform poorly when investors decide to follow an investment due to its recent strong returns. Sound familiar? Information regarding minimum rolling returns could help mitigate this predicament. Investors can opt for an investment showcasing high minimum rolling returns within their preferred holding durations. In fact, merely possessing knowledge of such minimum rolling period returns can anchor investors’ expectations.

For instance, let’s consider an investor who follows a model portfolio (or even simply purchases and holds a fund like VFINX or SPY) for 10 years. Armed with knowledge of this portfolio’s minimum 10-year rolling return since its inception date or the fund’s inception (in the case of VFINX, recognizing that the minimum 10-year rolling return since 1987 could be as low as -2.24%), the investor should reasonably anticipate the potential for the portfolio to incur losses over the forthcoming 10 years.

Minimum rolling return for a period such as 10-year offers a different and often better historical risk and return metric than other popular risk and return metrics such as Sharpe ratio, standard deviation (volatility) or maximum drawdown.

See Portfolio Calculator and Rolling Returns for more detailed description.

From 05/12/1986 to 05/17/2024, the worst annualized return of 3-year rolling returns for FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND (FIMIX) is -2.73%.
From 05/12/1986 to 05/17/2024, the worst annualized return of 5-year rolling returns for FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND (FIMIX) is 0.28%.
From 05/12/1986 to 05/17/2024, the worst annualized return of 10-year rolling returns for FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND (FIMIX) is 1.32%.
From 05/12/1986 to 05/17/2024, the worst annualized return of 20-year rolling returns for FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND (FIMIX) is 2.77%.

Related Articles for FIDELITY MINNESOTA MUNICIPAL INCOME FUND FIDELITY MINNESOTA MUNICIPAL INCOME FUND(FIMIX)