03/25/2026 | Press release | Distributed by Public on 03/25/2026 08:06
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-03361
Fidelity Massachusetts Municipal Trust
(Exact name of registrant as specified in charter)
245 Summer St., Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)
Nicole Macarchuk, Secretary
245 Summer St.
Boston, Massachusetts 02210
(Name and address of agent for service)
Registrant's telephone number, including area code:
617-563-7000
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Date of fiscal year end: |
January 31 |
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Date of reporting period: |
January 31, 2026 |
Item 1.
Reports to Stockholders
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ANNUAL SHAREHOLDER REPORT | AS OFJANUARY 31, 2026
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Fidelity® Massachusetts Municipal Money Market Fund
Fidelity® Massachusetts Municipal Money Market Fund: FAUXX
|
|
|
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Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
|
|
Fidelity® Massachusetts Municipal Money Market Fund
|
$ 42
|
0.42%
|
|
KEY FACTS
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Fund Size
|
$3,324,684,190
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|
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Number of Holdings
|
267
|
|
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Total Advisory Fee
|
$6,713,460
|
|
EFFECTIVE MATURITY DIVERSIFICATION
(% of Fund's net assets)
|
||
|
Days
|
||
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1-7
|
72.1
|
|
|
8-30
|
1.6
|
|
|
31-60
|
8.5
|
|
|
61-90
|
0.6
|
|
|
91-180
|
9.0
|
|
|
>180
|
6.2
|
|
|
|
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ASSET ALLOCATION(% of Fund's net assets)
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|
|
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Variable Rate Demand Notes (VRDNs) - 36.7
|
|
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Tender Option Bond - 25.5
|
|
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Municipal Securities - 21.7
|
|
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Commercial Paper - 3.1
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|
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Net Other Assets (Liabilities) - 13.0
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|
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Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2026 FMR LLC. All rights reserved.
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For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visitfundresearch.fidelity.com/prospectus/sec
1.9912630.101 6957-TSRA-0426
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ANNUAL SHAREHOLDER REPORT | AS OFJANUARY 31, 2026
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|
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Fidelity® Massachusetts Municipal Money Market Fund
Fidelity® Massachusetts Municipal Money Market Fund Premium Class: FMSXX
|
|
|
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Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
|
|
Premium Class
|
$ 30
|
0.30%
|
|
KEY FACTS
|
||
|
Fund Size
|
$3,324,684,190
|
|
|
Number of Holdings
|
267
|
|
|
Total Advisory Fee
|
$6,713,460
|
|
EFFECTIVE MATURITY DIVERSIFICATION
(% of Fund's net assets)
|
||
|
Days
|
||
|
1-7
|
72.1
|
|
|
8-30
|
1.6
|
|
|
31-60
|
8.5
|
|
|
61-90
|
0.6
|
|
|
91-180
|
9.0
|
|
|
>180
|
6.2
|
|
|
|
||
|
ASSET ALLOCATION(% of Fund's net assets)
|
|
|
|
Variable Rate Demand Notes (VRDNs) - 36.7
|
|
|
Tender Option Bond - 25.5
|
|
|
Municipal Securities - 21.7
|
|
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Commercial Paper - 3.1
|
|
|
Net Other Assets (Liabilities) - 13.0
|
|
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2026 FMR LLC. All rights reserved.
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||
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For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visitfundresearch.fidelity.com/prospectus/sec
1.9912629.101 426-TSRA-0426
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|
ANNUAL SHAREHOLDER REPORT | AS OFJANUARY 31, 2026
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||
|
|
Fidelity® Massachusetts Municipal Money Market Fund
Fidelity® Massachusetts Municipal Money Market Fund Institutional Class: FMAXX
|
|
|
|
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
|
|
Institutional Class
|
$ 20
|
0.20%
|
|
KEY FACTS
|
||
|
Fund Size
|
$3,324,684,190
|
|
|
Number of Holdings
|
267
|
|
|
Total Advisory Fee
|
$6,713,460
|
|
EFFECTIVE MATURITY DIVERSIFICATION
(% of Fund's net assets)
|
||
|
Days
|
||
|
1-7
|
72.1
|
|
|
8-30
|
1.6
|
|
|
31-60
|
8.5
|
|
|
61-90
|
0.6
|
|
|
91-180
|
9.0
|
|
|
>180
|
6.2
|
|
|
|
||
|
ASSET ALLOCATION(% of Fund's net assets)
|
|
|
|
Variable Rate Demand Notes (VRDNs) - 36.7
|
|
|
Tender Option Bond - 25.5
|
|
|
Municipal Securities - 21.7
|
|
|
Commercial Paper - 3.1
|
|
|
Net Other Assets (Liabilities) - 13.0
|
|
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2026 FMR LLC. All rights reserved.
|
||
|
|
|
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visitfundresearch.fidelity.com/prospectus/sec
1.9912628.101 1871-TSRA-0426
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|
ANNUAL SHAREHOLDER REPORT | AS OFJANUARY 31, 2026
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|
|
Fidelity® Massachusetts Municipal Income Fund
Fidelity® Massachusetts Municipal Income Fund: FDMMX
|
|
|
|
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
|
|
Fidelity® Massachusetts Municipal Income Fund
|
$ 45
|
0.44%
|
|
1 Year
|
5 Year
|
10 Year
|
|
|
Fidelity® Massachusetts Municipal Income Fund
|
4.58%
|
0.62%
|
1.93%
|
|
Bloomberg Massachusetts Enhanced Municipal Linked Index
|
4.67%
|
0.59%
|
2.08%
|
|
Bloomberg Municipal Bond Index
|
4.70%
|
0.86%
|
2.32%
|
|
Visit www.fidelity.comfor more recent performance information.
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|
The Fund's past performance is not a good predictor of the Fund's future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
|
|
KEY FACTS
|
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|
Fund Size
|
$1,795,950,392
|
|
|
Number of Holdings
|
457
|
|
|
Total Advisory Fee
|
$7,507,781
|
|
|
Portfolio Turnover
|
16%
|
|
REVENUE SOURCES
(% of Fund's net assets)
|
||
|
General Obligations
|
33.4
|
|
|
Special Tax
|
13.4
|
|
|
Education
|
13.1
|
|
|
Transportation
|
11.4
|
|
|
Health Care
|
9.8
|
|
|
Water & Sewer
|
5.3
|
|
|
Others(Individually Less Than 5%)
|
5.5
|
|
|
91.9
|
||
|
QUALITY DIVERSIFICATION(% of Fund's net assets)
|
|
AAA - 10.0
|
|
|
AA - 64.1
|
|
|
A - 4.4
|
|
|
BBB - 11.0
|
|
|
BB - 0.6
|
|
|
Not Rated - 1.8
|
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 8.1
|
|
|
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes.
|
|
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Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2026 FMR LLC. All rights reserved.
|
||
|
|
|
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visitfundresearch.fidelity.com/prospectus/sec
1.9912617.101 70-TSRA-0426
|
Item 2.
Code of Ethics
As of the end of the period, January 31, 2026, Fidelity Massachusetts Municipal Trust (the trust) has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its President and Treasurer and its Chief Financial Officer. A copy of the code of ethics is filed as an exhibit to this Form N-CSR.
Item 3.
Audit Committee Financial Expert
The Board of Trustees of the trust has determined that Laura M. Bishop is an audit committee financial expert, as defined in Item 3 of Form N-CSR. Ms. Bishop is independent for purposes of Item 3 of Form N-CSR.
Item 4.
Principal Accountant Fees and Services
Fees and Services
The following table presents fees billed by Deloitte & Touche LLP, the member firms of Deloitte Touche Tohmatsu, and their respective affiliates (collectively, Deloitte Entities) in each of the last two fiscal years for services rendered to Fidelity Massachusetts Municipal Income Fund and Fidelity Massachusetts Municipal Money Market Fund (the Funds):
Services Billed by Deloitte Entities
January 31, 2026 FeesA
|
Audit Fees |
Audit-Related Fees |
Tax Fees |
All Other Fees |
|
|
Fidelity Massachusetts Municipal Income Fund |
$41,900 |
$- |
$7,700 |
$400 |
|
Fidelity Massachusetts Municipal Money Market Fund |
$31,300 |
$- |
$5,300 |
$300 |
January 31, 2025 FeesA
|
Audit Fees |
Audit-Related Fees |
Tax Fees |
All Other Fees |
|
|
Fidelity Massachusetts Municipal Income Fund |
$42,000 |
$- |
$8,300 |
$900 |
|
Fidelity Massachusetts Municipal Money Market Fund |
$31,400 |
$- |
$5,900 |
$700 |
A Amounts may reflect rounding.
The following table(s) present(s) fees billed by Deloitte Entities that were required to be approved by the Audit Committee for services that relate directly to the operations and financial reporting of the Fund(s) and that are rendered on behalf of Fidelity Management & Research Company LLC ("FMR") and entities controlling, controlled by, or under common control with FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) that provide ongoing services to the Fund(s) (Fund Service Providers):
Services Billed by Deloitte Entities
|
January 31, 2026A |
January 31, 2025A |
|
|
Audit-Related Fees |
$154,800 |
$125,000 |
|
Tax Fees |
$- |
$- |
|
All Other Fees |
$1,520,400 |
$2,444,500 |
A Amounts may reflect rounding.
Audit-Related Fees represent fees billed for assurance and related services that are reasonably related to the performance of the fund audit or the review of the fund's financial statements and that are not reported under Audit Fees.
Tax Fees represent fees billed for tax compliance, tax advice or tax planning that relate directly to the operations and financial reporting of the fund.
All Other Fees represent fees billed for services provided to the fund or Fund Service Provider, a significant portion of which are assurance related, that relate directly to the operations and financial reporting of the fund, excluding those services that are reported under Audit Fees, Audit-Related Fees or Tax Fees.
Assurance services must be performed by an independent public accountant.
* * *
The aggregate non-audit fees billed by Deloitte Entities for services rendered to the Fund(s), FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any Fund Service Provider for each of the last two fiscal years of the Fund(s) are as follows:
|
Billed By |
January 31, 2026A |
January 31, 2025A |
|
Deloitte Entities |
$4,276,300 |
$2,811,600 |
A Amounts may reflect rounding.
The trust's Audit Committee has considered non-audit services that were not pre-approved that were provided by Deloitte Entities to Fund Service Providers to be compatible with maintaining the independence of Deloitte Entities in its(their) audit of the Fund(s), taking into account representations from Deloitte Entities, in accordance with Public Company Accounting Oversight Board rules, regarding its independence from the Fund(s) and its(their) related entities and FMRs review of the appropriateness and permissibility under applicable law of such non-audit services prior to their provision to the Fund(s) Service Providers.
Audit Committee Pre-Approval Policies and Procedures
The trusts Audit Committee must pre-approve all audit and non-audit services provided by a funds independent registered public accounting firm relating to the operations or financial reporting of the fund. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.
The Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committees consideration of non-audit services by the audit firms that audit the Fidelity funds. The policies and procedures require that any non-audit service provided by a fund audit firm to a Fidelity fund and any non-audit service provided by a fund auditor to a Fund Service Provider that relates directly to the operations and financial reporting of a Fidelity fund (Covered Service) are subject to approval by the Audit Committee before such service is provided.
All Covered Services must be approved in advance of provision of the service either: (i) by formal resolution of the Audit Committee, or (ii) by oral or written approval of the service by the Chair of the Audit Committee (or if the Chair is unavailable, such other member of the Audit Committee as may be designated by the Chair to act in the Chairs absence). The approval contemplated by (ii) above is permitted where the Treasurer determines that action on such an engagement is necessary before the next meeting of the Audit Committee.
Non-audit services provided by a fund audit firm to a Fund Service Provider that do not relate directly to the operations and financial reporting of a Fidelity fund are reported to the Audit Committee periodically.
Non-Audit Services Approved Pursuant to Rule 2-01(c)(7)(i)(C) and (ii) of Regulation S-X (De Minimis Exception)
There were no non-audit services approved or required to be approved by the Audit Committee pursuant to the De Minimis Exception during the Funds(s) last two fiscal years relating to services provided to (i) the Fund(s) or (ii) any Fund Service Provider that relate directly to the operations and financial reporting of the Fund(s).
The Registrant has not retained, for the preparation of the audit report on the financial statements included in the Form N-CSR, a registered public accounting firm that has a branch or office that is located in a foreign jurisdiction and that the Public Company Accounting Oversight Board (the PCAOB) has determined that the PCAOB is unable to inspect or investigate completely because of a position taken by an authority in the foreign jurisdiction.
The Registrant is not a foreign issuer, as defined in 17 CFR 240.3b-4.
Item 5.
Audit Committee of Listed Registrants
Not applicable.
Item 6.
Investments
(a)
Not applicable.
(b)
Not applicable.
Item 7.
Financial Statements and Financial Highlights for Open-End Management Investment Companies
Contents
|
Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies (Annual Report) |
|
Fidelity® Massachusetts Municipal Income Fund |
|
Notes to Financial Statements |
|
Report of Independent Registered Public Accounting Firm |
|
Distributions |
|
Item 8: Changes in and Disagreements with Accountants for Open-End Management Investment Companies |
|
Item 9: Proxy Disclosures for Open-End Management Investment Companies |
|
Item 10: Remuneration Paid to Directors, Officers, and others of Open-End Management Investment Companies |
|
Item 11: Statement Regarding Basis for Approval of Investment Advisory Contract |
|
Municipal Securities - 91.9%
|
|||
|
Principal
Amount (a)
|
Value ($)
|
||
|
Massachusetts - 90.1%
|
|||
|
Education - 13.1%
|
|||
|
Massachusetts Development Finance Agency (Babson College, MA Proj.) Series 2017, 5% 10/1/2028
|
465,000
|
485,463
|
|
|
Massachusetts Development Finance Agency (Babson College, MA Proj.) Series 2017, 5% 10/1/2029
|
735,000
|
766,393
|
|
|
Massachusetts Development Finance Agency (Bentley University Proj.) Series 2021A, 4% 7/1/2034
|
1,000,000
|
1,043,008
|
|
|
Massachusetts Development Finance Agency (Bentley University Proj.) Series 2021A, 4% 7/1/2035
|
1,290,000
|
1,338,677
|
|
|
Massachusetts Development Finance Agency (Bentley University Proj.) Series 2021A, 4% 7/1/2036
|
825,000
|
848,061
|
|
|
Massachusetts Development Finance Agency (Bentley University Proj.) Series 2021A, 4% 7/1/2037
|
1,000,000
|
1,021,753
|
|
|
Massachusetts Development Finance Agency (Bentley University Proj.) Series 2021A, 4% 7/1/2038
|
700,000
|
709,820
|
|
|
Massachusetts Development Finance Agency (Bentley University Proj.) Series 2021A, 4% 7/1/2039
|
1,925,000
|
1,944,542
|
|
|
Massachusetts Development Finance Agency (Bentley University Proj.) Series 2021A, 5% 7/1/2032
|
1,000,000
|
1,117,299
|
|
|
Massachusetts Development Finance Agency (Brandeis Univ, MA Proj.) Series 2019 S 2, 5% 10/1/2032
|
1,410,000
|
1,510,498
|
|
|
Massachusetts Development Finance Agency (Brandeis Univ, MA Proj.) Series 2019 S 2, 5% 10/1/2033
|
1,935,000
|
2,067,556
|
|
|
Massachusetts Development Finance Agency (Emerson College, MA Proj.) Series 2018, 5% 1/1/2030
|
10,000
|
10,319
|
|
|
Massachusetts Development Finance Agency (Lasell College Proj.) Series 2021, 4% 7/1/2040
|
4,160,000
|
3,813,303
|
|
|
Massachusetts Development Finance Agency (Lasell College Proj.) Series 2021, 4% 7/1/2045
|
1,200,000
|
1,016,429
|
|
|
Massachusetts Development Finance Agency (Lasell College Proj.) Series 2021, 4% 7/1/2050
|
1,750,000
|
1,407,004
|
|
|
Massachusetts Development Finance Agency (Lesley College Proj.) Series 2019A, 5% 7/1/2034
|
1,015,000
|
1,046,957
|
|
|
Massachusetts Development Finance Agency (Lesley College Proj.) Series 2019A, 5% 7/1/2036
|
1,120,000
|
1,148,804
|
|
|
Massachusetts Development Finance Agency (Lesley College Proj.) Series 2019A, 5% 7/1/2038
|
735,000
|
748,748
|
|
|
Massachusetts Development Finance Agency (Lesley College Proj.) Series 2019A, 5% 7/1/2044
|
2,250,000
|
2,203,472
|
|
|
Massachusetts Development Finance Agency (Lesley College Proj.) Series 2019A, 5% 7/1/2049
|
7,250,000
|
6,795,149
|
|
|
Massachusetts Development Finance Agency (Merrimack College, MA Proj.) 4% 7/1/2042
|
475,000
|
425,420
|
|
|
Massachusetts Development Finance Agency (Merrimack College, MA Proj.) 4% 7/1/2050
|
2,135,000
|
1,726,572
|
|
|
Massachusetts Development Finance Agency (Merrimack College, MA Proj.) 5% 7/1/2037
|
800,000
|
842,448
|
|
|
Massachusetts Development Finance Agency (Merrimack College, MA Proj.) 5% 7/1/2042
|
740,000
|
750,709
|
|
|
Massachusetts Development Finance Agency (Merrimack College, MA Proj.) 5% 7/1/2052
|
2,300,000
|
2,196,558
|
|
|
Massachusetts Development Finance Agency (Olin College Proj.) Series 2023 F, 5% 11/1/2034
|
700,000
|
806,140
|
|
|
Massachusetts Development Finance Agency (Olin College Proj.) Series 2023 F, 5% 11/1/2035
|
650,000
|
742,912
|
|
|
Massachusetts Development Finance Agency (Olin College Proj.) Series 2023 F, 5% 11/1/2036
|
675,000
|
765,575
|
|
|
Massachusetts Development Finance Agency (Olin College Proj.) Series 2023 F, 5% 11/1/2037
|
725,000
|
815,566
|
|
|
Massachusetts Development Finance Agency (Olin College Proj.) Series 2023 F, 5% 11/1/2038
|
760,000
|
849,312
|
|
|
Massachusetts Development Finance Agency (Olin College Proj.) Series 2023 F, 5% 11/1/2039
|
1,100,000
|
1,220,571
|
|
|
Massachusetts Development Finance Agency (Olin College Proj.) Series 2023 F, 5% 11/1/2040
|
850,000
|
939,053
|
|
|
Massachusetts Development Finance Agency (Olin College Proj.) Series 2023 F, 5% 11/1/2042
|
950,000
|
1,026,342
|
|
|
Massachusetts Development Finance Agency (Simmons College, MA Proj.) Series 2023N, 5% 10/1/2043
|
1,750,000
|
1,567,757
|
|
|
Massachusetts Development Finance Agency (Simmons College, MA Proj.) Series 2023N, 5.25% 10/1/2036
|
500,000
|
499,205
|
|
|
Massachusetts Development Finance Agency (Simmons College, MA Proj.) Series 2023N, 5.25% 10/1/2037
|
545,000
|
537,313
|
|
|
Massachusetts Development Finance Agency (Simmons College, MA Proj.) Series 2023N, 5.25% 10/1/2038
|
550,000
|
535,597
|
|
|
Massachusetts Development Finance Agency (Simmons College, MA Proj.) Series 2023N, 5.25% 10/1/2039
|
580,000
|
559,906
|
|
|
Massachusetts Development Finance Agency (Suffolk Univ, MA Proj.) 4% 7/1/2039
|
2,455,000
|
2,361,990
|
|
|
Massachusetts Development Finance Agency (Suffolk Univ, MA Proj.) 4% 7/1/2040
|
7,920,000
|
7,458,425
|
|
|
Massachusetts Development Finance Agency (Suffolk Univ, MA Proj.) 4% 7/1/2045
|
5,000,000
|
4,339,801
|
|
|
Massachusetts Development Finance Agency (Suffolk Univ, MA Proj.) Series 2021, 4% 7/1/2046
|
2,150,000
|
1,841,381
|
|
|
Massachusetts Development Finance Agency (Suffolk Univ, MA Proj.) Series 2021, 4% 7/1/2051
|
2,160,000
|
1,779,718
|
|
|
Massachusetts Development Finance Agency (Western New Englan College, MA Proj.) 5% 9/1/2027
|
1,010,000
|
1,034,431
|
|
|
Massachusetts Development Finance Agency (Western New Englan College, MA Proj.) 5% 9/1/2029
|
1,390,000
|
1,432,933
|
|
|
Massachusetts Development Finance Agency (Western New Englan College, MA Proj.) 5% 9/1/2031
|
1,530,000
|
1,572,218
|
|
|
Massachusetts Development Finance Agency (Western New England College Proj.) 5% 9/1/2033
|
1,185,000
|
1,212,110
|
|
|
Massachusetts Development Finance Agency (Western New England College Proj.) 5% 9/1/2038
|
4,805,000
|
4,851,376
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue I Proj.) Series 2014 I, 5% 1/1/2027 (f)
|
1,000,000
|
1,001,042
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue K Proj.) Series 2017 A, 5% 7/1/2026 (f)
|
3,935,000
|
3,967,657
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue L Proj.) Series 2018 B, 5% 7/1/2027 (f)
|
10,240,000
|
10,508,133
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue L Proj.) Series 2018 B, 5% 7/1/2028 (f)
|
2,325,000
|
2,427,869
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue L Proj.) Series 2019 B, 5% 7/1/2026 (f)
|
2,430,000
|
2,450,167
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue L Proj.) Series 2019 B, 5% 7/1/2028 (f)
|
1,000,000
|
1,044,245
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue L Proj.) Series 2019 B, 5% 7/1/2029 (f)
|
4,035,000
|
4,253,451
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue L Proj.) Series 2020 B, 5% 7/1/2028 (f)
|
2,000,000
|
2,088,489
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue L Proj.) Series 2020 B, 5% 7/1/2029 (f)
|
1,950,000
|
2,055,571
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue L Proj.) Series 2020 B, 5% 7/1/2030 (f)
|
1,950,000
|
2,085,023
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue L Proj.) Series 2023B, 5% 7/1/2030 (f)
|
10,000,000
|
10,650,113
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue L Proj.) Series 2023B, 5% 7/1/2031 (f)
|
6,515,000
|
7,045,686
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue L Proj.) Series 2023B, 5% 7/1/2032 (f)
|
5,000,000
|
5,409,932
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue L Proj.) Series 2023B, 5% 7/1/2033 (f)
|
6,500,000
|
7,082,021
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue M Proj.) Series 2021B, 5% 7/1/2027 (f)
|
1,950,000
|
2,001,061
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue M Proj.) Series 2021B, 5% 7/1/2028 (f)
|
1,850,000
|
1,931,853
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue M Proj.) Series 2021B, 5% 7/1/2029 (f)
|
1,825,000
|
1,923,804
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue M Proj.) Series 2021B, 5% 7/1/2030 (f)
|
1,125,000
|
1,196,240
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue M Proj.) Series 2021B, 5% 7/1/2031 (f)
|
1,500,000
|
1,622,184
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue M Proj.) Series 2022B, 5% 7/1/2031 (f)
|
1,000,000
|
1,081,456
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue N Proj.) 5% 7/1/2032 (f)
|
2,500,000
|
2,715,918
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue N Proj.) Series 2024 B, 5% 7/1/2028 (f)
|
2,280,000
|
2,380,878
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue N Proj.) Series 2024 B, 5% 7/1/2029 (f)
|
2,250,000
|
2,371,813
|
|
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue N Proj.) Series 2024 B, 5% 7/1/2030 (f)
|
2,230,000
|
2,395,791
|
|
|
Massachusetts St College Bldg 0% 5/1/2028 (Assured Guaranty Inc Insured) (b)
|
6,080,000
|
5,733,188
|
|
|
Massachusetts St College Bldg 2% 5/1/2037
|
1,060,000
|
886,990
|
|
|
Massachusetts St College Bldg 4% 5/1/2036
|
600,000
|
632,067
|
|
|
Massachusetts St College Bldg 4% 5/1/2038
|
750,000
|
779,848
|
|
|
Massachusetts St College Bldg 4% 5/1/2040
|
1,000,000
|
1,023,473
|
|
|
Massachusetts St College Bldg 4% 5/1/2041
|
625,000
|
633,997
|
|
|
Massachusetts St College Bldg 4% 5/1/2042
|
550,000
|
553,163
|
|
|
Massachusetts St College Bldg 5% 5/1/2032
|
600,000
|
692,839
|
|
|
Massachusetts St College Bldg Series 2021 A, 2.125% 5/1/2051
|
2,000,000
|
1,154,956
|
|
|
Massachusetts St Dev Fin Agy Rev (Bentley University Proj.) Series 2017, 5% 7/1/2027
|
1,000,000
|
1,035,175
|
|
|
Massachusetts St Dev Fin Agy Rev (Berklee College of Music Inc Proj.) 5% 10/1/2032
|
1,760,000
|
1,784,833
|
|
|
Massachusetts St Dev Fin Agy Rev (Berklee College of Music Inc Proj.) 5% 10/1/2035
|
1,500,000
|
1,517,743
|
|
|
Massachusetts St Dev Fin Agy Rev (Berklee College of Music Inc Proj.) 5% 10/1/2037
|
2,000,000
|
2,019,917
|
|
|
Massachusetts St Dev Fin Agy Rev (Boston University Mass Proj.) 3.15% 10/1/2042, LOC TD Bank NA VRDN (e)
|
6,610,000
|
6,610,000
|
|
|
Massachusetts St Dev Fin Agy Rev (Emerson College, MA Proj.) Series 2016A, 5% 1/1/2031
|
5,000
|
5,072
|
|
|
Massachusetts St Dev Fin Agy Rev (Emerson College, MA Proj.) Series 2017A, 5% 1/1/2035
|
2,000,000
|
2,046,145
|
|
|
Massachusetts St Dev Fin Agy Rev (Emmanuel College Proj.) Series 2016A, 5% 10/1/2043
|
830,000
|
802,674
|
|
|
Massachusetts St Dev Fin Agy Rev (Holy Cross College, MA Proj.) 5% 9/1/2033
|
475,000
|
480,752
|
|
|
Massachusetts St Dev Fin Agy Rev (Holy Cross College, MA Proj.) 5% 9/1/2035
|
375,000
|
378,934
|
|
|
Massachusetts St Dev Fin Agy Rev (Holy Cross College, MA Proj.) 5% 9/1/2036
|
315,000
|
317,996
|
|
|
Massachusetts St Dev Fin Agy Rev (Merrimack College, MA Proj.) 5% 7/1/2026
|
160,000
|
161,141
|
|
|
Massachusetts St Dev Fin Agy Rev (Merrimack College, MA Proj.) 5% 7/1/2037
|
600,000
|
602,027
|
|
|
Massachusetts St Dev Fin Agy Rev (Olin College Proj.) Series 2013E, 4% 11/1/2043
|
845,000
|
820,812
|
|
|
Massachusetts St Dev Fin Agy Rev (Provident Commonwealth Ed Resources Inca Proj.) 5% 10/1/2029
|
3,120,000
|
3,147,003
|
|
|
Massachusetts St Dev Fin Agy Rev (Provident Commonwealth Ed Resources Inca Proj.) 5% 10/1/2030
|
1,100,000
|
1,108,652
|
|
|
Massachusetts St Dev Fin Agy Rev (Provident Commonwealth Ed Resources Inca Proj.) 5% 10/1/2031
|
1,200,000
|
1,209,199
|
|
|
Massachusetts St Dev Fin Agy Rev (Provident Commonwealth Ed Resources Inca Proj.) 5% 10/1/2032
|
1,240,000
|
1,248,721
|
|
|
Massachusetts St Dev Fin Agy Rev (Provident Commonwealth Ed Resources Inca Proj.) 5% 10/1/2033
|
1,235,000
|
1,242,731
|
|
|
Massachusetts St Dev Fin Agy Rev (Simmons College, MA Proj.) Series K 1, 4% 10/1/2030
|
500,000
|
481,793
|
|
|
Massachusetts St Dev Fin Agy Rev (Suffolk Univ, MA Proj.) Series 2017, 5% 7/1/2027
|
2,085,000
|
2,120,382
|
|
|
Massachusetts St Dev Fin Agy Rev (Suffolk Univ, MA Proj.) Series 2017, 5% 7/1/2028
|
4,300,000
|
4,373,518
|
|
|
Massachusetts St Dev Fin Agy Rev (Suffolk Univ, MA Proj.) Series 2017, 5% 7/1/2032
|
1,000,000
|
1,013,985
|
|
|
Massachusetts St Dev Fin Agy Rev (Wheaton College, MA Proj.) Series 2017 H, 5% 1/1/2029
|
1,435,000
|
1,472,623
|
|
|
Massachusetts St Dev Fin Agy Rev (Wheaton College, MA Proj.) Series 2017 H, 5% 1/1/2031
|
1,580,000
|
1,618,931
|
|
|
Massachusetts St Dev Fin Agy Rev (Wheaton College, MA Proj.) Series 2017 H, 5% 1/1/2033
|
1,745,000
|
1,782,382
|
|
|
Massachusetts St Dev Fin Agy Rev (Wheaton College, MA Proj.) Series 2017 H, 5% 1/1/2034
|
1,835,000
|
1,871,830
|
|
|
Massachusetts St Dev Fin Agy Rev (Wheaton College, MA Proj.) Series 2017 H, 5% 1/1/2035
|
1,000,000
|
1,018,439
|
|
|
Massachusetts St Dev Fin Agy Rev (Wheaton College, MA Proj.) Series 2017 H, 5% 1/1/2036
|
1,000,000
|
1,015,836
|
|
|
Massachusetts St Dev Fin Agy Rev (Worcester Polytech Inst, MA Proj.) Series 2016, 5% 9/1/2037
|
840,000
|
848,211
|
|
|
Massachusetts St Dev Fin Agy Rv (Chf Merrimack Inc Proj.) Series 2024A, 5% 7/1/2044 (c)
|
1,000,000
|
1,005,435
|
|
|
Massachusetts St Dev Fin Agy Rv (Emerson College, MA Proj.) Series 2025, 5.25% 1/1/2039
|
1,540,000
|
1,669,013
|
|
|
Massachusetts St Dev Fin Agy Rv (Emerson College, MA Proj.) Series 2025, 5.25% 1/1/2043
|
1,480,000
|
1,525,777
|
|
|
Massachusetts St Hlth & Ed Fac (Massachusetts Inst Tech, Ma Proj.) Series 2001J 2, 2.95% 7/1/2031 VRDN (e)
|
2,460,000
|
2,460,000
|
|
|
University MA Bldg Auth Rev (Univ of Massachusetts Proj.) Series 2019 1, 5% 5/1/2035
|
2,000,000
|
2,142,134
|
|
|
University MA Bldg Auth Rev (Univ of Massachusetts Proj.) Series 2019 1, 5% 5/1/2036
|
3,400,000
|
3,621,435
|
|
|
University MA Bldg Auth Rev (Univ of Massachusetts Proj.) Series 2019 1, 5% 5/1/2037
|
3,200,000
|
3,393,932
|
|
|
University MA Bldg Auth Rev (Univ of Massachusetts Proj.) Series 2019 1, 5% 5/1/2038
|
3,000,000
|
3,171,149
|
|
|
University MA Bldg Auth Rev (Univ of Massachusetts Proj.) Series 2019 1, 5% 5/1/2039
|
815,000
|
859,258
|
|
|
University Mass Bldg Auth Proj (Univ of Massachusetts Proj.) 5% 11/1/2050
|
4,015,000
|
4,109,027
|
|
|
TOTAL EDUCATION
|
237,630,129
|
||
|
Electric Utilities - 0.1%
|
|||
|
Berkshire Wind Pwr Coop Corp Mass Rev 5% 7/1/2026
|
925,000
|
934,776
|
|
|
Berkshire Wind Pwr Coop Corp Mass Rev 5% 7/1/2027
|
700,000
|
724,207
|
|
|
Berkshire Wind Pwr Coop Corp Mass Rev 5% 7/1/2030
|
480,000
|
496,201
|
|
|
TOTAL ELECTRIC UTILITIES
|
2,155,184
|
||
|
Escrowed/Pre-Refunded - 0.1%
|
|||
|
Massachusetts St College Bldg Series 1999 A, 0% 5/1/2028 (b)
|
1,700,000
|
1,600,543
|
|
|
General Obligations - 32.8%
|
|||
|
Acton & Boxborough MA Rgl Sch Dst 2.25% 3/1/2045
|
450,000
|
317,385
|
|
|
Acton & Boxborough MA Rgl Sch Dst 3% 3/1/2034
|
1,485,000
|
1,484,227
|
|
|
Acton & Boxborough MA Rgl Sch Dst 3% 3/1/2035
|
2,130,000
|
2,128,177
|
|
|
Andover MA Gen. Oblig. 2.125% 11/15/2050
|
1,030,000
|
629,424
|
|
|
Andover MA Gen. Oblig. Series 2020, 2% 11/15/2045
|
1,030,000
|
679,708
|
|
|
Ashland MA Gen. Oblig. Series 2021, 2% 1/15/2046
|
655,000
|
420,377
|
|
|
Attleboro Mass 2.625% 10/15/2050
|
6,880,000
|
4,677,639
|
|
|
Attleboro Mass 3% 10/15/2036
|
2,630,000
|
2,536,681
|
|
|
Boston Mass Gen. Oblig. 2% 11/1/2039
|
2,495,000
|
2,015,665
|
|
|
Boston Mass Gen. Oblig. Series 2017A, 3% 4/1/2028
|
4,250,000
|
4,275,517
|
|
|
Boston Mass Gen. Oblig. Series 2025A, 5% 2/1/2032
|
4,765,000
|
5,564,421
|
|
|
Boston Mass Gen. Oblig. Series 2025A, 5% 2/1/2033
|
4,000,000
|
4,751,676
|
|
|
Boston Mass Gen. Oblig. Series 2025A, 5% 2/1/2034
|
5,345,000
|
6,349,959
|
|
|
Boston Mass Gen. Oblig. Series 2025A, 5% 2/1/2035
|
6,070,000
|
7,170,067
|
|
|
Boston Mass Gen. Oblig. Series 2025A, 5% 2/1/2039
|
12,640,000
|
14,482,500
|
|
|
Boston Mass Gen. Oblig. Series 2025A, 5% 2/1/2040
|
5,000,000
|
5,671,159
|
|
|
Braintree MA Gen. Oblig. Series 2019, 3% 6/1/2035
|
1,765,000
|
1,747,311
|
|
|
Braintree MA Gen. Oblig. Series 2020, 3% 6/1/2035
|
345,000
|
339,892
|
|
|
Brookline MA Series 2021, 1.625% 2/15/2033
|
2,250,000
|
1,986,795
|
|
|
Brookline MA Series 2021, 1.625% 2/15/2034
|
5,000,000
|
4,326,560
|
|
|
Cambridge MA Gen. Oblig. 3% 2/15/2038
|
3,470,000
|
3,332,629
|
|
|
Cambridge MA Gen. Oblig. 3% 2/15/2039
|
3,470,000
|
3,292,040
|
|
|
Cambridge MA Gen. Oblig. 3% 2/15/2040
|
3,465,000
|
3,225,263
|
|
|
Cambridge MA Gen. Oblig. 3% 2/15/2041
|
3,460,000
|
3,189,653
|
|
|
Cambridge MA Gen. Oblig. 3% 2/15/2042
|
3,460,000
|
3,107,047
|
|
|
Cambridge MA Gen. Oblig. 3% 2/15/2043
|
3,460,000
|
3,038,469
|
|
|
Cambridge MA Gen. Oblig. 3% 2/15/2044
|
3,460,000
|
2,962,546
|
|
|
Cambridge MA Gen. Oblig. 3% 2/15/2045
|
3,460,000
|
2,886,829
|
|
|
Chicopee Mass Gen. Oblig. Series 2019, 3% 8/15/2045
|
1,780,000
|
1,398,981
|
|
|
Chicopee Mass Gen. Oblig. Series 2019, 3% 8/15/2048
|
1,935,000
|
1,438,301
|
|
|
City of Quincy MA Gen. Oblig. Series 2021, 2% 1/15/2046
|
1,755,000
|
1,110,578
|
|
|
City of Quincy MA Gen. Oblig. Series 2022 B, 5% 7/1/2047
|
4,995,000
|
5,213,017
|
|
|
City of Quincy MA Gen. Oblig. Series 2025 A, 5% 7/15/2037
|
690,000
|
820,340
|
|
|
City of Quincy MA Gen. Oblig. Series 2025 A, 5% 7/15/2038
|
940,000
|
1,108,966
|
|
|
Concord & Carlisle Mass Regl Sch Dist 2% 6/15/2035
|
1,125,000
|
1,002,601
|
|
|
Concord & Carlisle Mass Regl Sch Dist 2% 6/15/2036
|
1,125,000
|
976,835
|
|
|
Concord & Carlisle Mass Regl Sch Dist 2% 6/15/2037
|
1,125,000
|
951,417
|
|
|
Dennis & Yarmouth MA Regl Sch Dist 2.375% 10/1/2051
|
7,345,000
|
4,658,821
|
|
|
Essex Mass Gen. Oblig. 2.75% 3/1/2047
|
1,190,000
|
873,523
|
|
|
Essex Mass Gen. Oblig. 2.75% 3/1/2050
|
1,170,000
|
827,944
|
|
|
Everett MA Gen. Oblig. 2% 8/1/2036
|
1,080,000
|
934,662
|
|
|
Fall River MA Series 2020, 2% 12/1/2032
|
500,000
|
465,787
|
|
|
Hingham MA Gen. Oblig. Series 2020, 3% 2/15/2038
|
1,615,000
|
1,532,561
|
|
|
Ipswich MA Gen. Oblig. 2% 10/1/2036
|
420,000
|
353,815
|
|
|
Ipswich MA Gen. Oblig. 2% 10/1/2038
|
450,000
|
359,218
|
|
|
Leominster MA Gen. Oblig. 3% 3/1/2052
|
450,000
|
324,925
|
|
|
Lowell MA Gen. Oblig. Series 2021, 2% 9/1/2038
|
1,340,000
|
1,068,497
|
|
|
Ludlow Mass Series 2019, 3% 2/1/2049
|
1,945,000
|
1,432,032
|
|
|
Massachusetts St Gen. Oblig. 5% 1/1/2037
|
10,000,000
|
10,611,102
|
|
|
Massachusetts St Gen. Oblig. 5% 1/1/2049
|
10,000,000
|
10,193,978
|
|
|
Massachusetts St Gen. Oblig. 5% 11/1/2047
|
1,740,000
|
1,818,175
|
|
|
Massachusetts St Gen. Oblig. 5% 11/1/2052
|
32,445,000
|
33,389,519
|
|
|
Massachusetts St Gen. Oblig. 5% 4/1/2038
|
3,495,000
|
4,080,133
|
|
|
Massachusetts St Gen. Oblig. 5% 4/1/2039
|
2,000,000
|
2,318,996
|
|
|
Massachusetts St Gen. Oblig. 5% 4/1/2040
|
1,500,000
|
1,725,804
|
|
|
Massachusetts St Gen. Oblig. 5% 4/1/2041
|
4,000,000
|
4,549,996
|
|
|
Massachusetts St Gen. Oblig. 5% 7/1/2037
|
1,000,000
|
1,178,513
|
|
|
Massachusetts St Gen. Oblig. 5.25% 10/1/2047
|
6,800,000
|
7,228,516
|
|
|
Massachusetts St Gen. Oblig. 5.25% 10/1/2052
|
1,690,000
|
1,770,712
|
|
|
Massachusetts St Gen. Oblig. 5.5% 8/1/2030 (Ambac Assurance Corp Insured)
|
2,000,000
|
2,243,952
|
|
|
Massachusetts St Gen. Oblig. Series 2016E, 3% 4/1/2044
|
2,050,000
|
1,719,807
|
|
|
Massachusetts St Gen. Oblig. Series 2016G, 3% 9/1/2046
|
2,825,000
|
2,234,913
|
|
|
Massachusetts St Gen. Oblig. Series 2018 B, 5% 1/1/2032
|
5,000,000
|
5,255,924
|
|
|
Massachusetts St Gen. Oblig. Series 2019 A, 5.25% 1/1/2033
|
21,110,000
|
22,804,331
|
|
|
Massachusetts St Gen. Oblig. Series 2019 D, 3% 5/1/2036
|
5,000,000
|
4,970,759
|
|
|
Massachusetts St Gen. Oblig. Series 2020 D, 3% 11/1/2042
|
3,500,000
|
3,082,202
|
|
|
Massachusetts St Gen. Oblig. Series 2020 D, 3% 7/1/2035
|
3,000,000
|
2,993,465
|
|
|
Massachusetts St Gen. Oblig. Series 2020 D, 3% 7/1/2039
|
3,460,000
|
3,265,473
|
|
|
Massachusetts St Gen. Oblig. Series 2020 D, 4% 11/1/2036
|
1,500,000
|
1,561,836
|
|
|
Massachusetts St Gen. Oblig. Series 2020 D, 4% 11/1/2041
|
4,000,000
|
4,075,684
|
|
|
Massachusetts St Gen. Oblig. Series 2020 D, 5% 7/1/2048
|
11,025,000
|
11,373,802
|
|
|
Massachusetts St Gen. Oblig. Series 2020 E, 5% 11/1/2050
|
23,480,000
|
24,038,347
|
|
|
Massachusetts St Gen. Oblig. Series 2020C, 3% 3/1/2047
|
5,810,000
|
4,523,079
|
|
|
Massachusetts St Gen. Oblig. Series 2020C, 3% 3/1/2048
|
5,000,000
|
3,842,561
|
|
|
Massachusetts St Gen. Oblig. Series 2020C, 3% 3/1/2049
|
5,000,000
|
3,781,867
|
|
|
Massachusetts St Gen. Oblig. Series 2021 A, 2% 3/1/2038
|
2,500,000
|
2,035,717
|
|
|
Massachusetts St Gen. Oblig. Series 2021 B, 3% 4/1/2048
|
21,500,000
|
16,514,322
|
|
|
Massachusetts St Gen. Oblig. Series 2021 B, 3% 4/1/2049
|
13,500,000
|
10,205,761
|
|
|
Massachusetts St Gen. Oblig. Series 2021 C, 2% 9/1/2038
|
3,935,000
|
3,174,311
|
|
|
Massachusetts St Gen. Oblig. Series 2021 C, 2% 9/1/2039
|
3,465,000
|
2,742,386
|
|
|
Massachusetts St Gen. Oblig. Series 2021 C, 3% 9/1/2034
|
2,300,000
|
2,304,321
|
|
|
Massachusetts St Gen. Oblig. Series 2021 C, 3% 9/1/2036
|
5,000,000
|
4,951,293
|
|
|
Massachusetts St Gen. Oblig. Series 2021 D, 5% 9/1/2049
|
50,000,000
|
51,634,741
|
|
|
Massachusetts St Gen. Oblig. Series 2021 D, 5% 9/1/2050
|
1,785,000
|
1,838,549
|
|
|
Massachusetts St Gen. Oblig. Series 2022B, 3% 2/1/2048
|
38,250,000
|
29,411,442
|
|
|
Massachusetts St Gen. Oblig. Series 2023 C, 5% 8/1/2039
|
4,325,000
|
4,868,086
|
|
|
Massachusetts St Gen. Oblig. Series 2023A, 5% 5/1/2048
|
7,055,000
|
7,369,879
|
|
|
Massachusetts St Gen. Oblig. Series 2024 A, 5% 3/1/2039
|
5,075,000
|
5,771,929
|
|
|
Massachusetts St Gen. Oblig. Series 2024 H, 5% 12/1/2036
|
19,000,000
|
22,217,025
|
|
|
Massachusetts St Gen. Oblig. Series 2024 H, 5% 12/1/2037
|
34,000,000
|
39,375,733
|
|
|
Massachusetts St Gen. Oblig. Series 2024 H, 5% 12/1/2038
|
8,000,000
|
9,202,876
|
|
|
Massachusetts St Gen. Oblig. Series 2024B, 5% 11/1/2038
|
3,465,000
|
3,957,689
|
|
|
Massachusetts St Gen. Oblig. Series 2024B, 5% 11/1/2043
|
7,940,000
|
8,694,969
|
|
|
Massachusetts St Gen. Oblig. Series 2024B, 5% 5/1/2039
|
1,265,000
|
1,440,203
|
|
|
Maynard Mass Gen. Oblig. Series 2012, 2.75% 2/15/2032
|
385,000
|
373,286
|
|
|
Middleborough MA Series 2020, 2.125% 10/1/2045
|
4,420,000
|
2,961,059
|
|
|
Nauset MA Reg Sch Dist 4% 5/15/2040
|
4,190,000
|
4,296,633
|
|
|
Newton MA Gen. Oblig. Series 2016, 3% 4/1/2033
|
545,000
|
543,933
|
|
|
Northeast Met Regl Vocational Technical Sch Dist Mass 3.25% 5/15/2042
|
2,095,000
|
1,917,876
|
|
|
Northeast Met Regl Vocational Technical Sch Dist Mass 3.25% 5/15/2043
|
2,165,000
|
1,935,517
|
|
|
Northeast Met Regl Vocational Technical Sch Dist Mass 3.25% 5/15/2044
|
2,235,000
|
1,950,384
|
|
|
Northeast Met Regl Vocational Technical Sch Dist Mass 3.25% 5/15/2045
|
2,310,000
|
1,972,038
|
|
|
Norwood MA Gen. Oblig. 2.125% 7/15/2030
|
1,020,000
|
993,501
|
|
|
Pentucket MA Regl Sch Dist 3% 9/1/2043
|
1,710,000
|
1,457,580
|
|
|
Plymouth MA Gen. Oblig. Series 2021, 2% 5/1/2037
|
640,000
|
516,368
|
|
|
Revere Mass Gen. Oblig. 3% 3/1/2031
|
430,000
|
428,276
|
|
|
Sharon MA Gen. Oblig. 2% 2/15/2036
|
635,000
|
545,619
|
|
|
Sharon MA Gen. Oblig. 3% 2/15/2037
|
150,000
|
142,598
|
|
|
Somerville MA Gen. Oblig. Series 2018 B, 3.375% 6/1/2043
|
250,000
|
221,958
|
|
|
South Hadley Mass Gen. Oblig. 2% 1/15/2037
|
350,000
|
293,168
|
|
|
Swampscott MA Series 2022, 3% 3/1/2036
|
1,000,000
|
984,170
|
|
|
Tisbury MA Series 2022, 4% 8/15/2036
|
1,780,000
|
1,839,499
|
|
|
Tisbury MA Series 2022, 4% 8/15/2040
|
1,995,000
|
2,026,856
|
|
|
Tisbury MA Series 2022, 4% 8/15/2041
|
2,085,000
|
2,119,485
|
|
|
Westport Mass 2% 11/1/2040
|
1,890,000
|
1,448,797
|
|
|
Westport Mass 2.125% 11/1/2041
|
1,925,000
|
1,475,926
|
|
|
Westport Mass 2.125% 11/1/2042
|
1,970,000
|
1,452,895
|
|
|
Westport Mass 2.25% 11/1/2043
|
2,010,000
|
1,489,837
|
|
|
Westport Mass 2.25% 11/1/2044
|
2,055,000
|
1,472,189
|
|
|
Westport Mass 2.25% 11/1/2045
|
2,100,000
|
1,451,032
|
|
|
Westport Mass 2.25% 11/1/2047
|
4,345,000
|
2,833,585
|
|
|
Westport Mass 2.375% 11/1/2049
|
3,745,000
|
2,423,705
|
|
|
Weymouth Mass 2% 9/15/2045
|
3,000,000
|
1,968,768
|
|
|
Worcester MA Gen. Oblig. 5% 2/15/2034
|
3,720,000
|
4,277,673
|
|
|
Worcester MA Gen. Oblig. 5% 2/15/2036
|
4,435,000
|
5,039,396
|
|
|
Worcester MA Gen. Oblig. 5% 2/15/2037
|
3,045,000
|
3,437,197
|
|
|
TOTAL GENERAL OBLIGATIONS
|
588,077,919
|
||
|
Health Care - 9.8%
|
|||
|
Massachusetts Dev Fin Agy Sr Living Rev (Care Communities LLC Proj.) Series 2025 A 1, 6.5% 7/15/2060 (c)
|
5,000,000
|
4,995,773
|
|
|
Massachusetts Development Finance Agency (Beth Israel Lahey Health Proj.) Series 2019 K, 5% 7/1/2026
|
1,250,000
|
1,262,183
|
|
|
Massachusetts Development Finance Agency (Beth Israel Lahey Health Proj.) Series 2019 K, 5% 7/1/2033
|
2,000,000
|
2,138,796
|
|
|
Massachusetts Development Finance Agency (Beth Israel Lahey Health Proj.) Series 2019 K, 5% 7/1/2035
|
2,135,000
|
2,267,191
|
|
|
Massachusetts Development Finance Agency (Beth Israel Lahey Health Proj.) Series 2019 K, 5% 7/1/2036
|
950,000
|
1,004,180
|
|
|
Massachusetts Development Finance Agency (Childrens Hospital, Ma Proj.) Series 2024 U 1, 3.2% 3/1/2048, LOC TD Bank NA VRDN (e)
|
8,500,000
|
8,500,001
|
|
|
Massachusetts Development Finance Agency (Mass General Brigham Inc Proj.) Series 2024 E 1, 3.1% 7/1/2052 (Liquidity Facility JPMorgan Chase Bank NA) VRDN (e)
|
1,000,000
|
1,000,000
|
|
|
Massachusetts Development Finance Agency (Mass General Brigham Inc Proj.) Series 2024 E 2, 3.1% 7/1/2052, LOC Royal Bank of Canada VRDN (e)
|
3,000,000
|
3,000,000
|
|
|
Massachusetts Development Finance Agency (Mass General Brigham Inc Proj.) Series 2024D, 5% 7/1/2035
|
1,000,000
|
1,161,289
|
|
|
Massachusetts Development Finance Agency (Mass General Brigham Inc Proj.) Series 2024D, 5% 7/1/2036
|
1,000,000
|
1,146,642
|
|
|
Massachusetts Development Finance Agency (Mass General Brigham Inc Proj.) Series 2024D, 5% 7/1/2037
|
1,150,000
|
1,306,534
|
|
|
Massachusetts Development Finance Agency (Mass General Brigham Inc Proj.) Series 2024D, 5% 7/1/2038
|
1,000,000
|
1,126,738
|
|
|
Massachusetts Development Finance Agency (Southcoast Hospital Grp Inc,Ma Proj.) 5% 7/1/2028
|
350,000
|
367,578
|
|
|
Massachusetts Development Finance Agency (Southcoast Hospital Grp Inc,Ma Proj.) 5% 7/1/2030
|
225,000
|
244,831
|
|
|
Massachusetts Development Finance Agency (Southcoast Hospital Grp Inc,Ma Proj.) 5% 7/1/2033
|
550,000
|
602,820
|
|
|
Massachusetts Development Finance Agency (Southcoast Hospital Grp Inc,Ma Proj.) 5% 7/1/2034
|
1,300,000
|
1,419,492
|
|
|
Massachusetts Development Finance Agency (Southcoast Hospital Grp Inc,Ma Proj.) 5% 7/1/2036
|
475,000
|
512,776
|
|
|
Massachusetts Development Finance Agency (Southcoast Hospital Grp Inc,Ma Proj.) 5% 7/1/2037
|
1,275,000
|
1,368,628
|
|
|
Massachusetts Development Finance Agency (Southcoast Hospital Grp Inc,Ma Proj.) 5% 7/1/2050
|
6,700,000
|
6,635,658
|
|
|
Massachusetts Development Finance Agency (Southcoast Hospital Grp Inc,Ma Proj.) Series 2021 G, 4% 7/1/2046
|
2,815,000
|
2,457,309
|
|
|
Massachusetts Development Finance Agency (Tufts Medicine Proj.) Series 2019 A, 5% 7/1/2030
|
1,350,000
|
1,396,142
|
|
|
Massachusetts Development Finance Agency (Tufts Medicine Proj.) Series 2019 A, 5% 7/1/2031
|
1,350,000
|
1,393,073
|
|
|
Massachusetts Development Finance Agency (Tufts Medicine Proj.) Series 2019 A, 5% 7/1/2032
|
2,000,000
|
2,057,895
|
|
|
Massachusetts Development Finance Agency (Tufts Medicine Proj.) Series 2019 A, 5% 7/1/2033
|
2,300,000
|
2,359,979
|
|
|
Massachusetts Development Finance Agency (Tufts Medicine Proj.) Series 2020 C, 3% 10/1/2045 (Assured Guaranty Inc Insured)
|
3,510,000
|
2,759,445
|
|
|
Massachusetts Development Finance Agency (University of Mass Hlth Cr Inc Proj.) 4% 7/1/2044
|
7,000,000
|
6,383,056
|
|
|
Massachusetts St Dev Fin Agy Rev (Beth Israel Lahey Health Proj.) Series 2016 I, 5% 7/1/2037
|
1,470,000
|
1,479,154
|
|
|
Massachusetts St Dev Fin Agy Rev (Beth Israel Lahey Health Proj.) Series 2016 I, 5% 7/1/2038
|
1,000,000
|
1,005,763
|
|
|
Massachusetts St Dev Fin Agy Rev (Dana Farber Cancer Inst, MA Proj.) Series 2016N, 5% 12/1/2034
|
1,000,000
|
1,016,359
|
|
|
Massachusetts St Dev Fin Agy Rev (Mass General Brigham Inc Proj.) 4% 7/1/2041
|
50,000
|
50,038
|
|
|
Massachusetts St Dev Fin Agy Rev (Mass General Brigham Inc Proj.) 5% 7/1/2032
|
985,000
|
1,030,085
|
|
|
Massachusetts St Dev Fin Agy Rev (Mass General Brigham Inc Proj.) 5% 7/1/2034
|
750,000
|
781,147
|
|
|
Massachusetts St Dev Fin Agy Rev (Newbridge On The Charles Proj.) 4% 10/1/2026 (c)
|
500,000
|
501,048
|
|
|
Massachusetts St Dev Fin Agy Rev (Newbridge On The Charles Proj.) 4% 10/1/2027 (c)
|
350,000
|
351,878
|
|
|
Massachusetts St Dev Fin Agy Rev (Newbridge On The Charles Proj.) 4% 10/1/2032 (c)
|
1,250,000
|
1,252,596
|
|
|
Massachusetts St Dev Fin Agy Rev (Newbridge On The Charles Proj.) 4.125% 10/1/2042 (c)
|
6,000,000
|
5,674,846
|
|
|
Massachusetts St Dev Fin Agy Rev (South Shore Hospital, MA Proj.) 5% 7/1/2029
|
1,680,000
|
1,688,255
|
|
|
Massachusetts St Dev Fin Agy Rev (South Shore Hospital, MA Proj.) 5% 7/1/2030
|
2,400,000
|
2,411,579
|
|
|
Massachusetts St Dev Fin Agy Rev (South Shore Hospital, MA Proj.) 5% 7/1/2031
|
2,500,000
|
2,511,533
|
|
|
Massachusetts St Dev Fin Agy Rev (South Shore Hospital, MA Proj.) 5% 7/1/2032
|
1,960,000
|
1,968,426
|
|
|
Massachusetts St Dev Fin Agy Rev (South Shore Hospital, MA Proj.) Series 2016 I, 4% 7/1/2036
|
6,895,000
|
6,762,563
|
|
|
Massachusetts St Dev Fin Agy Rev (South Shore Hospital, MA Proj.) Series 2016 I, 5% 7/1/2027
|
1,100,000
|
1,105,785
|
|
|
Massachusetts St Dev Fin Agy Rev (Southcoast Hospital Grp Inc,Ma Proj.) Series 2013 F, 4% 7/1/2032
|
2,050,000
|
2,050,705
|
|
|
Massachusetts St Dev Fin Agy Rev (Southcoast Hospital Grp Inc,Ma Proj.) Series 2013 F, 4% 7/1/2043
|
16,000,000
|
14,776,759
|
|
|
Massachusetts St Dev Fin Agy Rev (Southcoast Hospital Grp Inc,Ma Proj.) Series 2013 F, 5% 7/1/2027
|
1,300,000
|
1,301,769
|
|
|
Massachusetts St Dev Fin Agy Rev (Southcoast Hospital Grp Inc,Ma Proj.) Series 2013 F, 5% 7/1/2037
|
3,925,000
|
3,929,025
|
|
|
Massachusetts St Dev Fin Agy Rev (University of Mass Hlth Cr Inc Proj.) 5% 7/1/2026
|
2,210,000
|
2,229,687
|
|
|
Massachusetts St Dev Fin Agy Rev (University of Mass Hlth Cr Inc Proj.) 5% 7/1/2027
|
1,150,000
|
1,159,371
|
|
|
Massachusetts St Dev Fin Agy Rev (University of Mass Hlth Cr Inc Proj.) 5% 7/1/2028
|
1,260,000
|
1,282,726
|
|
|
Massachusetts St Dev Fin Agy Rev (University of Mass Hlth Cr Inc Proj.) 5% 7/1/2029
|
2,000,000
|
2,017,009
|
|
|
Massachusetts St Dev Fin Agy Rev (University of Mass Hlth Cr Inc Proj.) 5% 7/1/2029
|
1,320,000
|
1,343,854
|
|
|
Massachusetts St Dev Fin Agy Rev (University of Mass Hlth Cr Inc Proj.) 5% 7/1/2030
|
2,000,000
|
2,016,830
|
|
|
Massachusetts St Dev Fin Agy Rev (University of Mass Hlth Cr Inc Proj.) 5% 7/1/2030
|
1,390,000
|
1,414,845
|
|
|
Massachusetts St Dev Fin Agy Rev (University of Mass Hlth Cr Inc Proj.) 5% 7/1/2031
|
1,700,000
|
1,713,943
|
|
|
Massachusetts St Dev Fin Agy Rev (University of Mass Hlth Cr Inc Proj.) 5% 7/1/2038
|
10,850,000
|
10,965,539
|
|
|
Massachusetts St Dev Fin Agy Rev (University of Mass Hlth Cr Inc Proj.) Series 2017K, 5% 7/1/2027
|
1,150,000
|
1,171,659
|
|
|
Massachusetts St Dev Fin Agy Rv (Lifespan Corp Obligated Group Proj.) Series 2025 A, 5.25% 8/15/2043
|
5,900,000
|
6,251,464
|
|
|
Massachusetts St Dev Fin Agy Rv (Lifespan Corp Obligated Group Proj.) Series 2025 A, 5.25% 8/15/2044
|
7,500,000
|
7,871,510
|
|
|
Massachusetts St Dev Fin Agy Rv (Lifespan Corp Obligated Group Proj.) Series 2025 B, 5% tender 8/15/2055 (e)
|
12,500,000
|
13,657,695
|
|
|
Massachusetts St Dev Fin Agy Rv (Mass General Brigham Inc Proj.) Series 2026H, 5% 7/1/2038 (d)
|
4,000,000
|
4,508,117
|
|
|
Massachusetts St Dev Fin Agy Rv (Mass General Brigham Inc Proj.) Series 2026H, 5% 7/1/2039 (d)
|
2,700,000
|
3,018,480
|
|
|
Massachusetts St Dev Fin Agy Rv (Mass General Brigham Inc Proj.) Series 2026H, 5% 7/1/2040 (d)
|
2,700,000
|
2,999,800
|
|
|
Massachusetts St Dev Fin Agy Rv (Mass General Brigham Inc Proj.) Series 2026H, 5% 7/1/2041 (d)
|
2,000,000
|
2,199,404
|
|
|
TOTAL HEALTH CARE
|
176,339,255
|
||
|
Housing - 2.9%
|
|||
|
Massachusetts Housing Finance Agency (Housing Bond Resolution 12/10/02 Proj.) Series 2021 B 1, 2.875% 12/1/2051
|
4,000,000
|
2,756,894
|
|
|
Massachusetts Housing Finance Agency (Single Family Housing Rev Proj.) 5% 12/1/2026
|
125,000
|
127,608
|
|
|
Massachusetts Housing Finance Agency (Single Family Housing Rev Proj.) 5% 12/1/2027
|
185,000
|
193,102
|
|
|
Massachusetts Housing Finance Agency (Single Family Housing Rev Proj.) 5% 12/1/2028
|
230,000
|
244,807
|
|
|
Massachusetts Housing Finance Agency (Single Family Housing Rev Proj.) 5% 6/1/2026
|
100,000
|
100,827
|
|
|
Massachusetts Housing Finance Agency (Single Family Housing Rev Proj.) 5% 6/1/2027
|
100,000
|
103,198
|
|
|
Massachusetts Housing Finance Agency (Single Family Housing Rev Proj.) 5% 6/1/2028
|
75,000
|
78,990
|
|
|
Massachusetts Housing Finance Agency (Single Family Housing Rev Proj.) 5% 6/1/2029
|
100,000
|
107,228
|
|
|
Massachusetts Housing Finance Agency (Single Family Housing Revenue Proj.) Series 221, 2.3% 6/1/2044
|
1,500,000
|
1,075,046
|
|
|
Massachusetts Housing Finance Agency (Single Family Housing Revenue Proj.) Series 222, 2.3% 12/1/2041
|
2,450,000
|
1,918,213
|
|
|
Massachusetts Housing Finance Agency (Single Family Housing Revenue Proj.) Series 249, 5% 12/1/2050
|
2,500,000
|
2,561,022
|
|
|
Massachusetts Housing Finance Agency Series 224, 5% 6/1/2050
|
1,305,000
|
1,366,422
|
|
|
Massachusetts Hsg Fin Agy Series 2023 C2, 4% 12/1/2027
|
7,205,000
|
7,255,077
|
|
|
Massachusetts Hsg Fin Agy Series 2023 C2, 4.05% 12/1/2028
|
16,000,000
|
16,319,781
|
|
|
Massachusetts Hsg Fin Agy Series 2025 C 3, 3.15% 6/1/2030
|
10,000,000
|
10,077,888
|
|
|
Massachusetts St Hsg Fin Agy (Housing Bond Resolution 12/10/02 Proj.) 2.55% 12/1/2040
|
1,000,000
|
816,443
|
|
|
Massachusetts St Hsg Fin Agy (Housing Bond Resolution 12/10/02 Proj.) Series 2018A, 3.7% 12/1/2038
|
500,000
|
500,343
|
|
|
Massachusetts St Hsg Fin Agy (Single Family Housing Rev Proj.) Series 211, 3.5% 12/1/2049
|
1,510,000
|
1,512,360
|
|
|
Massachusetts St Hsg Fin Agy (Single Family Housing Revenue Proj.) 3.75% 12/1/2049
|
2,575,000
|
2,585,886
|
|
|
Massachusetts St Hsg Fin Agy (Single Family Housing Revenue Proj.) Series 183, 3.5% 12/1/2046
|
105,000
|
105,005
|
|
|
Massachusetts St Hsg Fin Agy (Single Family Housing Revenue Proj.) Series 188, 4% 6/1/2043 (f)
|
365,000
|
365,314
|
|
|
Massachusetts St Hsg Fin Agy (Single Family Housing Revenue Proj.) Series 207, 4% 6/1/2049
|
1,025,000
|
1,035,088
|
|
|
TOTAL HOUSING
|
51,206,542
|
||
|
Other - 1.8%
|
|||
|
Massachusetts St Dev Fin Agy Rev (Broad Institute Proj.) Series 2017, 5% 4/1/2033
|
10,145,000
|
10,515,875
|
|
|
Massachusetts St Dev Fin Agy Rev (Broad Institute Proj.) Series 2017, 5% 4/1/2034
|
2,500,000
|
2,587,835
|
|
|
Massachusetts St Dev Fin Agy Rev (Broad Institute Proj.) Series 2017, 5% 4/1/2037
|
1,500,000
|
1,540,769
|
|
|
Massachusetts St Dev Fin Agy Rev (Sterling And Francine Clark Art Institute Proj.) Series 2016, 4% 7/1/2041
|
865,000
|
865,096
|
|
|
Massachusetts St Dev Fin Agy Rev (Wgbh Educational Foundation Proj.) 0% 1/1/2037 (Assured Guaranty Inc Insured) (b)
|
1,745,000
|
1,186,034
|
|
|
Massachusetts St Dev Fin Agy Rev (Wgbh Educational Foundation Proj.) 0% 1/1/2039 (Assured Guaranty Inc Insured) (b)
|
3,200,000
|
1,960,264
|
|
|
Massachusetts St Dev Fin Agy Rev (Wgbh Educational Foundation Proj.) 0% 1/1/2040 (Assured Guaranty Inc Insured) (b)
|
5,000,000
|
2,850,463
|
|
|
Massachusetts St Dev Fin Agy Rev (Wgbh Educational Foundation Proj.) 0% 1/1/2041 (Assured Guaranty Inc Insured) (b)
|
5,000,000
|
2,677,756
|
|
|
Massachusetts St Dev Fin Agy Rev (Wgbh Educational Foundation Proj.) 0% 1/1/2042 (Assured Guaranty Inc Insured) (b)
|
5,000,000
|
2,501,721
|
|
|
Massachusetts St Hlth & Ed Fac (Museum Of Fine Arts Boston Proj.) 3.25% 12/1/2037 (Liquidity Facility Bank of America NA) VRDN (e)
|
5,040,000
|
5,040,000
|
|
|
TOTAL OTHER
|
31,725,813
|
||
|
Special Tax - 13.2%
|
|||
|
Mass Bay Tran Auth Sls Tax Series 2016, 0% 7/1/2032 (b)
|
9,275,000
|
7,636,143
|
|
|
Mass Bay Tran Auth Sls Tax Series 2023 A SUB A 1, 5.25% 7/1/2053
|
8,000,000
|
8,428,057
|
|
|
Mass Bay Tran Auth Sls Tax Series 2024 A, 5.25% 7/1/2052
|
10,550,000
|
11,185,376
|
|
|
Massachusetts St Sch Bldg Auth Dedicated Sales Tax Rev 3% 8/15/2050
|
5,030,000
|
3,748,946
|
|
|
Massachusetts St Sch Bldg Auth Dedicated Sales Tax Rev 5% 8/15/2032
|
1,500,000
|
1,667,416
|
|
|
Massachusetts St Sch Bldg Auth Dedicated Sales Tax Rev 5% 8/15/2033
|
1,675,000
|
1,852,004
|
|
|
Massachusetts St Sch Bldg Auth Dedicated Sales Tax Rev 5% 8/15/2034
|
3,000,000
|
3,306,027
|
|
|
Massachusetts St Sch Bldg Auth Dedicated Sales Tax Rev 5% 8/15/2035
|
2,000,000
|
2,193,767
|
|
|
Massachusetts St Sch Bldg Auth Dedicated Sales Tax Rev 5% 8/15/2037
|
1,400,000
|
1,520,245
|
|
|
Massachusetts St Sch Bldg Auth Dedicated Sales Tax Rev 5% 8/15/2045
|
10,000,000
|
10,426,034
|
|
|
Massachusetts St Sch Bldg Auth Dedicated Sales Tax Rev 5% 8/15/2050
|
16,615,000
|
16,993,640
|
|
|
Massachusetts St Sch Bldg Auth Dedicated Sales Tax Rev Series 2019A, 5% 2/15/2044
|
11,510,000
|
11,878,315
|
|
|
Massachusetts St Spl Oblig Dedicated Tax Rev 5.5% 1/1/2030 (National Public Finance Guarantee Corporation Insured) (Escrowed to Maturity)
|
17,000,000
|
18,998,641
|
|
|
Massachusetts St Spl Oblig Dedicated Tax Rev 5.5% 1/1/2034 (National Public Finance Guarantee Corporation Insured) (Escrowed to Maturity)
|
14,770,000
|
17,373,033
|
|
|
Massachusetts St Transn Fd Rev 5.25% 6/1/2043
|
14,575,000
|
15,121,988
|
|
|
Massachusetts St Transn Fd Rev Series 2021 A, 5% 6/1/2041
|
8,140,000
|
8,759,753
|
|
|
Massachusetts St Transn Fd Rev Series 2021 A, 5% 6/1/2042
|
5,750,000
|
6,142,196
|
|
|
Massachusetts St Transn Fd Rev Series 2021 A, 5% 6/1/2043
|
3,000,000
|
3,174,242
|
|
|
Massachusetts St Transn Fd Rev Series 2021 B, 5% 6/1/2041
|
6,000,000
|
6,237,105
|
|
|
Massachusetts St Transn Fd Rev Series 2021 B, 5% 6/1/2042
|
15,370,000
|
16,223,737
|
|
|
Massachusetts St Transn Fd Rev Series 2021 B, 5% 6/1/2046
|
2,615,000
|
2,698,913
|
|
|
Massachusetts St Transn Fd Rev Series 2022 A, 5% 6/1/2050
|
3,500,000
|
3,603,748
|
|
|
Massachusetts St Transn Fd Rev Series 2023B, 5% 6/1/2047
|
8,000,000
|
8,374,790
|
|
|
Massachusetts St Transn Fd Rev Series 2023B, 5% 6/1/2048
|
7,350,000
|
7,670,975
|
|
|
Massachusetts St Transn Fd Rev Series 2023B, 5% 6/1/2049
|
5,000,000
|
5,209,671
|
|
|
Massachusetts St Transn Fd Rev Series 2024A, 5% 6/1/2044
|
15,000,000
|
16,283,053
|
|
|
Massachusetts St Transn Fd Rev Series 2024A, 5% 6/1/2053
|
20,250,000
|
21,065,861
|
|
|
TOTAL SPECIAL TAX
|
237,773,676
|
||
|
Synthetics - 0.3%
|
|||
|
Massachusetts St Hsg Fin Agy Participating VRDN Series 2022 021, 3.2% 6/1/2058 (Liquidity Facility Barclays Bank PLC) (e)(g)
|
5,345,000
|
5,345,000
|
|
|
Transportation - 10.9%
|
|||
|
MA Dept Transn Met Hwy Sys Rev Series 2019 A, 5% 1/1/2037
|
2,000,000
|
2,115,030
|
|
|
Massachusetts Port Auth Spl Fac Rev (Bosfuel Corporation Proj.) Series 2019 A, 4% 7/1/2044 (f)
|
9,250,000
|
8,740,117
|
|
|
Massachusetts Port Auth Spl Fac Rev (Bosfuel Corporation Proj.) Series 2019 A, 5% 7/1/2028 (f)
|
1,500,000
|
1,578,959
|
|
|
Massachusetts Port Auth Spl Fac Rev (Bosfuel Corporation Proj.) Series 2019 A, 5% 7/1/2031 (f)
|
1,250,000
|
1,334,702
|
|
|
Massachusetts Port Auth Spl Fac Rev (Bosfuel Corporation Proj.) Series 2019 A, 5% 7/1/2032 (f)
|
500,000
|
532,599
|
|
|
Massachusetts Port Auth Spl Fac Rev (Bosfuel Corporation Proj.) Series 2019 A, 5% 7/1/2033 (f)
|
1,000,000
|
1,062,408
|
|
|
Massachusetts Port Auth Spl Fac Rev (Bosfuel Corporation Proj.) Series 2019 A, 5% 7/1/2034 (f)
|
1,250,000
|
1,324,720
|
|
|
Massachusetts Port Auth Spl Fac Rev (Bosfuel Corporation Proj.) Series 2019 A, 5% 7/1/2049 (f)
|
5,620,000
|
5,646,974
|
|
|
Massachusetts St Port Auth Rev 5% 7/1/2033 (f)
|
3,440,000
|
3,790,208
|
|
|
Massachusetts St Port Auth Rev 5% 7/1/2035 (f)
|
1,475,000
|
1,610,686
|
|
|
Massachusetts St Port Auth Rev 5% 7/1/2040 (f)
|
4,000,000
|
4,248,317
|
|
|
Massachusetts St Port Auth Rev 5% 7/1/2041 (f)
|
1,940,000
|
2,055,397
|
|
|
Massachusetts St Port Auth Rev 5% 7/1/2051 (f)
|
16,165,000
|
16,293,025
|
|
|
Massachusetts St Port Auth Rev Series 2017A, 5% 7/1/2030 (f)
|
1,280,000
|
1,314,258
|
|
|
Massachusetts St Port Auth Rev Series 2017A, 5% 7/1/2031 (f)
|
1,095,000
|
1,122,752
|
|
|
Massachusetts St Port Auth Rev Series 2017A, 5% 7/1/2032 (f)
|
1,370,000
|
1,402,307
|
|
|
Massachusetts St Port Auth Rev Series 2017A, 5% 7/1/2033 (f)
|
1,250,000
|
1,278,023
|
|
|
Massachusetts St Port Auth Rev Series 2017A, 5% 7/1/2035 (f)
|
2,000,000
|
2,039,626
|
|
|
Massachusetts St Port Auth Rev Series 2017A, 5% 7/1/2036 (f)
|
1,720,000
|
1,752,147
|
|
|
Massachusetts St Port Auth Rev Series 2017A, 5% 7/1/2042 (f)
|
4,540,000
|
4,576,031
|
|
|
Massachusetts St Port Auth Rev Series 2019 A, 5% 7/1/2030 (f)
|
725,000
|
778,535
|
|
|
Massachusetts St Port Auth Rev Series 2019 A, 5% 7/1/2033 (f)
|
4,085,000
|
4,353,460
|
|
|
Massachusetts St Port Auth Rev Series 2019 A, 5% 7/1/2034 (f)
|
5,605,000
|
5,958,545
|
|
|
Massachusetts St Port Auth Rev Series 2019 A, 5% 7/1/2035 (f)
|
5,000,000
|
5,297,287
|
|
|
Massachusetts St Port Auth Rev Series 2019 A, 5% 7/1/2036 (f)
|
1,995,000
|
2,104,943
|
|
|
Massachusetts St Port Auth Rev Series 2019 A, 5% 7/1/2037 (f)
|
1,100,000
|
1,156,294
|
|
|
Massachusetts St Port Auth Rev Series 2019 A, 5% 7/1/2040 (f)
|
4,450,000
|
4,633,412
|
|
|
Massachusetts St Port Auth Rev Series 2019 B, 5% 7/1/2044
|
5,000,000
|
5,155,951
|
|
|
Massachusetts St Port Auth Rev Series 2019 C, 5% 7/1/2031 (f)
|
3,500,000
|
3,748,823
|
|
|
Massachusetts St Port Auth Rev Series 2019 C, 5% 7/1/2032 (f)
|
2,700,000
|
2,885,008
|
|
|
Massachusetts St Port Auth Rev Series 2019 C, 5% 7/1/2038 (f)
|
11,275,000
|
11,814,562
|
|
|
Massachusetts St Port Auth Rev Series 2019 C, 5% 7/1/2039 (f)
|
5,000,000
|
5,223,963
|
|
|
Massachusetts St Port Auth Rev Series 2019 C, 5% 7/1/2049 (f)
|
2,500,000
|
2,518,174
|
|
|
Massachusetts St Port Auth Rev Series 2021 A, 5% 7/1/2038
|
2,125,000
|
2,324,790
|
|
|
Massachusetts St Port Auth Rev Series 2021 A, 5% 7/1/2039
|
1,125,000
|
1,221,805
|
|
|
Massachusetts St Port Auth Rev Series 2021 A, 5% 7/1/2040
|
1,045,000
|
1,127,407
|
|
|
Massachusetts St Port Auth Rev Series 2021 D, 5% 7/1/2046
|
3,180,000
|
3,298,705
|
|
|
Massachusetts St Port Auth Rev Series 2021 D, 5% 7/1/2051
|
5,740,000
|
5,887,106
|
|
|
Massachusetts St Port Auth Rev Series 2022 A, 5% 7/1/2031 (f)
|
2,630,000
|
2,919,969
|
|
|
Massachusetts St Port Auth Rev Series 2022 A, 5% 7/1/2036 (f)
|
2,450,000
|
2,693,443
|
|
|
Massachusetts St Port Auth Rev Series 2022 A, 5% 7/1/2039 (f)
|
1,460,000
|
1,577,561
|
|
|
Massachusetts St Port Auth Rev Series 2022 A, 5% 7/1/2040 (f)
|
2,780,000
|
2,980,871
|
|
|
Massachusetts St Port Auth Rev Series 2121 B, 5% 7/1/2039 (f)
|
1,325,000
|
1,416,607
|
|
|
Massachusetts St Port Auth Rev Series C, 5% 7/1/2028
|
3,000,000
|
3,010,319
|
|
|
Massachusetts St Port Auth Rev Series C, 5% 7/1/2029
|
4,205,000
|
4,219,513
|
|
|
Massachusetts St Tpk Auth Met Hwy Sys Rev (MA Dept Transn Met Hwy Sys Rev Proj.) 0% 1/1/2028 (National Public Finance Guarantee Corporation Insured) (b)
|
12,700,000
|
12,116,156
|
|
|
Massachusetts St Tpk Auth Met Hwy Sys Rev (MA Dept Transn Met Hwy Sys Rev Proj.) 0% 1/1/2029 (National Public Finance Guarantee Corporation Insured) (b)
|
33,195,000
|
30,865,305
|
|
|
TOTAL TRANSPORTATION
|
195,106,800
|
||
|
Water & Sewer - 5.1%
|
|||
|
Lynn MA Wtr & Swr Commn Gen 5% 12/1/2032 (National Public Finance Guarantee Corporation Insured)
|
440,000
|
440,628
|
|
|
Massachusetts Clean Water Trust/The Series 2025, 5% 2/1/2036
|
5,000,000
|
5,914,406
|
|
|
Massachusetts Clean Water Trust/The Series 2025, 5% 2/1/2037
|
6,500,000
|
7,617,427
|
|
|
Massachusetts Clean Water Trust/The Series 22, 5% 8/1/2037
|
4,110,000
|
4,422,337
|
|
|
Massachusetts Clean Water Trust/The Series 23 B, 5% 2/1/2039
|
12,940,000
|
14,100,366
|
|
|
Massachusetts Clean Water Trust/The Series 23 B, 5% 2/1/2041
|
2,000,000
|
2,152,189
|
|
|
Massachusetts Clean Water Trust/The Series 23A, 5% 2/1/2039
|
5,000,000
|
5,448,364
|
|
|
Massachusetts Clean Water Trust/The Series 23A, 5% 2/1/2040
|
4,750,000
|
5,139,399
|
|
|
Massachusetts Clean Water Trust/The Series 26A, 5% 2/1/2036
|
2,400,000
|
2,838,915
|
|
|
Massachusetts Clean Water Trust/The Series 26A, 5% 2/1/2038
|
1,850,000
|
2,150,544
|
|
|
Massachusetts Clean Water Trust/The Series 26A, 5% 2/1/2039
|
2,475,000
|
2,858,230
|
|
|
Massachusetts Clean Water Trust/The Series 26A, 5% 2/1/2040
|
1,000,000
|
1,148,078
|
|
|
Massachusetts Clean Water Trust/The Series 26A, 5% 2/1/2041
|
2,000,000
|
2,272,110
|
|
|
Massachusetts Clean Water Trust/The Series 26A, 5% 2/1/2042
|
1,000,000
|
1,122,964
|
|
|
Massachusetts Clean Water Trust/The Series 26B, 5% 2/1/2039
|
2,595,000
|
2,996,811
|
|
|
Massachusetts Clean Water Trust/The Series 26B, 5% 2/1/2040
|
2,000,000
|
2,296,157
|
|
|
Massachusetts Clean Water Trust/The Series 26B, 5% 2/1/2041
|
4,530,000
|
5,146,329
|
|
|
Massachusetts Clean Water Trust/The Series 26B, 5% 2/1/2042
|
1,480,000
|
1,661,988
|
|
|
Massachusetts Clean Water Trust/The Series 26B, 5% 2/1/2043
|
1,000,000
|
1,108,774
|
|
|
Massachusetts Clean Water Trust/The Series 26B, 5% 2/1/2044
|
2,000,000
|
2,193,885
|
|
|
Massachusetts Clean Water Trust/The Series 26B, 5% 2/1/2045
|
1,500,000
|
1,627,257
|
|
|
Massachusetts Clean Water Trust/The Series 27, 5% 2/1/2045 (d)
|
5,000,000
|
5,458,252
|
|
|
Massachusetts St Wtr Res Auth Series 2020 B, 5% 8/1/2041
|
3,155,000
|
3,376,885
|
|
|
Massachusetts St Wtr Res Auth Series 2020 B, 5% 8/1/2042
|
7,415,000
|
7,886,187
|
|
|
TOTAL WATER & SEWER
|
91,378,482
|
||
|
TOTAL MASSACHUSETTS
|
1,618,339,343
|
||
|
Puerto Rico - 1.3%
|
|||
|
General Obligations - 0.6%
|
|||
|
Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 0% 7/1/2033 (b)
|
5,238,348
|
3,833,909
|
|
|
Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 5.625% 7/1/2029
|
1,925,000
|
2,045,223
|
|
|
Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 5.75% 7/1/2031
|
4,525,000
|
4,995,437
|
|
|
TOTAL GENERAL OBLIGATIONS
|
10,874,569
|
||
|
Housing - 0.3%
|
|||
|
Puerto Rico Hsg Fin Auth (PR Mhsg Rev 2020 Proj.) Series 2020, 5% 12/1/2027
|
4,435,000
|
4,632,955
|
|
|
Special Tax - 0.2%
|
|||
|
Puerto Rico Sales Tax Fing Corp Sales Tax Rev Series A 1, 0% 7/1/2031 (b)
|
5,010,000
|
4,148,353
|
|
|
Water & Sewer - 0.2%
|
|||
|
Puerto Rico Comwlth Aqueduct & Swr Auth Rev Series 2021 B, 5% 7/1/2037 (c)
|
3,525,000
|
3,653,283
|
|
|
TOTAL PUERTO RICO
|
23,309,160
|
||
|
Virgin Islands - 0.5%
|
|||
|
Transportation - 0.5%
|
|||
|
Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2032
|
930,000
|
1,036,725
|
|
|
Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2034
|
2,185,000
|
2,489,811
|
|
|
Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2037
|
1,235,000
|
1,398,091
|
|
|
Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2038
|
2,645,000
|
2,985,616
|
|
|
Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2039
|
980,000
|
1,100,647
|
|
|
TOTAL VIRGIN ISLANDS
|
9,010,890
|
||
|
TOTAL MUNICIPAL SECURITIES
(Cost $1,670,694,587)
|
1,650,659,393
|
||
|
Money Market Funds - 8.0%
|
||||
|
Yield (%)
|
Shares
|
Value ($)
|
||
|
Fidelity Municipal Cash Central Fund (h)(i)
(Cost $143,226,612)
|
2.36
|
143,197,973
|
143,226,612
|
|
|
TOTAL INVESTMENT IN SECURITIES - 99.9%
(Cost $1,813,921,199)
|
1,793,886,005
|
|
NET OTHER ASSETS (LIABILITIES) - 0.1%
|
2,064,387
|
|
NET ASSETS - 100.0%
|
1,795,950,392
|
|
VRDN
|
-
|
VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly)
|
|
(a)
|
Amount is stated in United States dollars unless otherwise noted.
|
|
(b)
|
Zero coupon bond which is issued at a discount.
|
|
(c)
|
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 $17,434,859 or 1.0% of net assets.
|
|
(d)
|
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
|
|
(e)
|
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
|
|
(f)
|
Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.
|
|
(g)
|
Provides evidence of ownership in one or more underlying municipal bonds. Coupon rates are determined by re-marketing agents based on current market conditions.
|
|
(h)
|
Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Central Fund.
|
|
(i)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.
|
|
Affiliate
|
Value,
beginning
of period ($)
|
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
|
126,856,774
|
286,469,954
|
270,100,116
|
2,301,194
|
-
|
-
|
143,226,612
|
143,197,973
|
3.3%
|
|
Total
|
126,856,774
|
286,469,954
|
270,100,116
|
2,301,194
|
-
|
-
|
143,226,612
|
||
|
Valuation Inputs at Reporting Date:
|
||||
|
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
|
Investments in Securities:
|
||||
|
Municipal Securities
|
||||
|
Education
|
237,630,129
|
-
|
237,630,129
|
-
|
|
Electric Utilities
|
2,155,184
|
-
|
2,155,184
|
-
|
|
Escrowed/Pre-Refunded
|
1,600,543
|
-
|
1,600,543
|
-
|
|
General Obligations
|
598,952,488
|
-
|
598,952,488
|
-
|
|
Health Care
|
176,339,255
|
-
|
176,339,255
|
-
|
|
Housing
|
55,839,497
|
-
|
55,839,497
|
-
|
|
Other
|
31,725,813
|
-
|
31,725,813
|
-
|
|
Special Tax
|
241,922,029
|
-
|
241,922,029
|
-
|
|
Synthetics
|
5,345,000
|
-
|
5,345,000
|
-
|
|
Transportation
|
204,117,690
|
-
|
204,117,690
|
-
|
|
Water & Sewer
|
95,031,765
|
-
|
95,031,765
|
-
|
|
Money Market Funds
|
143,226,612
|
143,226,612
|
-
|
-
|
|
Total Investments in Securities:
|
1,793,886,005
|
143,226,612
|
1,650,659,393
|
-
|
|
Statement of Assets and Liabilities
|
||||
|
As of January 31, 2026
|
||||
|
Assets
|
||||
|
Investment in securities, at value - See accompanying schedule:
|
||||
|
Unaffiliated issuers (cost $1,670,694,587)
|
$
|
1,650,659,393
|
||
|
Fidelity Central Funds (cost $143,226,612)
|
143,226,612
|
|||
|
Total Investment in Securities (cost $1,813,921,199)
|
$
|
1,793,886,005
|
||
|
Cash
|
4,933,726
|
|||
|
Receivable for fund shares sold
|
1,335,978
|
|||
|
Interest receivable
|
16,820,928
|
|||
|
Distributions receivable from Fidelity Central Funds
|
128,723
|
|||
|
Prepaid expenses
|
1,021
|
|||
|
Other receivables
|
515
|
|||
|
Total assets
|
1,817,106,896
|
|||
|
Liabilities
|
||||
|
Payable for investments purchased on a delayed delivery basis
|
$
|
18,128,954
|
||
|
Payable for fund shares redeemed
|
567,376
|
|||
|
Distributions payable
|
1,766,954
|
|||
|
Accrued management fee
|
640,577
|
|||
|
Other payables and accrued expenses
|
52,643
|
|||
|
Total liabilities
|
21,156,504
|
|||
|
Net Assets
|
$
|
1,795,950,392
|
||
|
Net Assets consist of:
|
||||
|
Paid in capital
|
$
|
1,857,284,979
|
||
|
Total accumulated earnings (loss)
|
(61,334,587)
|
|||
|
Net Assets
|
$
|
1,795,950,392
|
||
|
Net Asset Value, offering price and redemption price per share ($1,795,950,392 ÷ 155,506,401 shares)
|
$
|
11.55
|
||
|
Statement of Operations
|
||||
|
Year ended January 31, 2026
|
||||
|
Investment Income
|
||||
|
Interest
|
$
|
54,183,770
|
||
|
Income from Fidelity Central Funds
|
2,300,526
|
|||
|
Total income
|
56,484,296
|
|||
|
Expenses
|
||||
|
Management fee
|
$
|
7,507,781
|
||
|
Custodian fees and expenses
|
15,117
|
|||
|
Independent trustees' fees and expenses
|
4,056
|
|||
|
Registration fees
|
36,666
|
|||
|
Audit fees
|
57,321
|
|||
|
Legal
|
6,813
|
|||
|
Miscellaneous
|
6,034
|
|||
|
Total expenses before reductions
|
7,633,788
|
|||
|
Expense reductions
|
(2,035)
|
|||
|
Total expenses after reductions
|
7,631,753
|
|||
|
Net Investment income (loss)
|
48,852,543
|
|||
|
Realized and Unrealized Gain (Loss)
|
||||
|
Net realized gain (loss) on:
|
||||
|
Investment Securities:
|
||||
|
Unaffiliated issuers
|
(8,425,081)
|
|||
|
Capital gain distributions from Fidelity Central Funds
|
668
|
|||
|
Total net realized gain (loss)
|
(8,424,413)
|
|||
|
Change in net unrealized appreciation (depreciation) on investment securities
|
36,294,356
|
|||
|
Net gain (loss)
|
27,869,943
|
|||
|
Net increase (decrease) in net assets resulting from operations
|
$
|
76,722,486
|
||
|
Statement of Changes in Net Assets
|
||||
|
Year ended
January 31, 2026
|
Year ended
January 31, 2025
|
|||
|
Increase (Decrease) in Net Assets
|
||||
|
Operations
|
||||
|
Net investment income (loss)
|
$
|
48,852,543
|
$
|
47,925,435
|
|
Net realized gain (loss)
|
(8,424,413)
|
(5,744,663)
|
||
|
Change in net unrealized appreciation (depreciation)
|
36,294,356
|
(11,378,637)
|
||
|
Net increase (decrease) in net assets resulting from operations
|
76,722,486
|
30,802,135
|
||
|
Distributions to shareholders
|
(47,013,997)
|
(46,766,702)
|
||
|
Share transactions
|
||||
|
Proceeds from sales of shares
|
382,056,392
|
415,024,572
|
||
|
Reinvestment of distributions
|
25,785,991
|
25,929,290
|
||
|
Cost of shares redeemed
|
(382,142,970)
|
(529,195,931)
|
||
|
Net increase (decrease) in net assets resulting from share transactions
|
25,699,413
|
(88,242,069)
|
||
|
Total increase (decrease) in net assets
|
55,407,902
|
(104,206,636)
|
||
|
Net Assets
|
||||
|
Beginning of period
|
1,740,542,490
|
1,844,749,126
|
||
|
End of period
|
$
|
1,795,950,392
|
$
|
1,740,542,490
|
|
Other Information
|
||||
|
Shares
|
||||
|
Sold
|
33,848,499
|
36,362,922
|
||
|
Issued in reinvestment of distributions
|
2,280,723
|
2,277,902
|
||
|
Redeemed
|
(33,943,220)
|
(46,424,851)
|
||
|
Net increase (decrease)
|
2,186,002
|
(7,784,027)
|
||
|
Fidelity® Massachusetts Municipal Income Fund
|
|
Years ended January 31,
|
2026
|
2025
|
2024
|
2023
|
2022
|
|||||
|
Selected Per-Share Data
|
||||||||||
|
Net asset value, beginning of period
|
$
|
11.35
|
$
|
11.45
|
$
|
11.40
|
$
|
12.16
|
$
|
12.71
|
|
Income from Investment Operations
|
||||||||||
|
Net investment income (loss) A,B
|
.321
|
.309
|
.289
|
.242
|
.248
|
|||||
|
Net realized and unrealized gain (loss)
|
.188
|
(.108)
|
.045
|
(.762)
|
(.469)
|
|||||
|
Total from investment operations
|
.509
|
.201
|
.334
|
(.520)
|
(.221)
|
|||||
|
Distributions from net investment income
|
(.308)
|
(.300)
|
(.284)
|
(.240)
|
(.248)
|
|||||
|
Distributions from net realized gain
|
(.001)
|
(.001)
|
-
|
-
|
(.081)
|
|||||
|
Total distributions
|
(.309)
|
(.301)
|
(.284)
|
(.240)
|
(.329)
|
|||||
|
Net asset value, end of period
|
$
|
11.55
|
$
|
11.35
|
$
|
11.45
|
$
|
11.40
|
$
|
12.16
|
|
Total Return C
|
4.58
%
|
1.78%
|
3.02%
|
(4.24)%
|
(1.79)%
|
|||||
|
Ratios to Average Net Assets B,D,E
|
||||||||||
|
Expenses before reductions
|
.44%
|
.45%
|
.46%
|
.46%
|
.45%
|
|||||
|
Expenses net of fee waivers, if any
|
.44
%
|
.45%
|
.46%
|
.46%
|
.45%
|
|||||
|
Expenses net of all reductions, if any
|
.44%
|
.45%
|
.46%
|
.45%
|
.45%
|
|||||
|
Net investment income (loss)
|
2.84%
|
2.71%
|
2.59%
|
2.13%
|
1.97%
|
|||||
|
Supplemental Data
|
||||||||||
|
Net assets, end of period (000 omitted)
|
$
|
1,795,950
|
$
|
1,740,542
|
$
|
1,844,749
|
$
|
1,972,838
|
$
|
2,278,182
|
|
Portfolio turnover rate F
|
16
%
|
19%
|
14%
|
25%
|
11%
|
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
|
Gross unrealized appreciation
|
$31,050,436
|
|
Gross unrealized depreciation
|
(46,673,245)
|
|
Net unrealized appreciation (depreciation)
|
$(15,622,809)
|
|
Tax Cost
|
$1,809,508,814
|
|
Undistributed tax-exempt income
|
$170,119
|
|
Undistributed ordinary income
|
$-
|
|
Capital loss carryforward
|
$(45,881,896)
|
|
Net unrealized appreciation (depreciation) on securities and other investments
|
$(15,622,809)
|
|
Short-term
|
$(5,239,091)
|
|
Long-term
|
(40,642,805)
|
|
Total capital loss carryforward
|
$(45,881,896)
|
|
|
January 31, 2026
|
January 31, 2025
|
|
Tax-exempt Income
|
$46,862,209
|
$46,612,314
|
|
Ordinary Income
|
$151,788
|
$154,388
|
|
Total
|
$47,013,997
|
$46,766,702
|
|
|
Purchases ($)
|
Sales ($)
|
|
Fidelity Massachusetts Municipal Income Fund
|
260,274,875
|
280,744,954
|
|
|
Maximum Management Fee Rate %
|
|
Fidelity Massachusetts Municipal Income Fund
|
.44
|
|
|
Total Management Fee Rate %
|
|
Fidelity Massachusetts Municipal Income Fund
|
.44
|
|
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity Massachusetts Municipal Income Fund
|
283,850
|
-
|
-
|
|
|
Amount ($)
|
|
Fidelity Massachusetts Municipal Income Fund
|
2,270
|
|
|
Contents
|
Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies (Annual Report) |
|
Fidelity® Massachusetts Municipal Money Market Fund |
|
Notes to Financial Statements |
|
Report of Independent Registered Public Accounting Firm |
|
Distributions |
|
Item 8: Changes in and Disagreements with Accountants for Open-End Management Investment Companies |
|
Item 9: Proxy Disclosures for Open-End Management Investment Companies |
|
Item 10: Remuneration Paid to Directors, Officers, and others of Open-End Management Investment Companies |
|
Item 11: Statement Regarding Basis for Approval of Investment Advisory Contract |
|
Municipal Securities - 21.7%
|
|||
|
Principal
Amount (a)
|
Value ($)
|
||
|
Massachusetts - 21.7%
|
|||
|
Massachusetts - 21.7%
|
|||
|
Education - 4.7%
|
|||
|
Massachusetts Ed Ln Auth Ed Ln (Mefa Issue K Proj.) Series 2017 A, 5% 7/1/2026 (e)
|
225,000
|
227,037
|
|
|
Massachusetts St College Bldg Series 2017A, 5% 5/1/2026
|
150,000
|
150,850
|
|
|
Massachusetts St College Bldg Series 2025 A, 5% 5/1/2026
|
100,000
|
100,600
|
|
|
Massachusetts St Dev Fin Agy Rev (President and Fellows of Harvard College Proj.) Series 2016 A, 5% 7/15/2026
|
225,000
|
227,688
|
|
|
Massachusetts St Dev Fin Agy Rv (Boston College,Ma Proj.) 5% 7/1/2026
|
180,000
|
181,717
|
|
|
Massachusetts St Dev Fin Agy Rv (Boston University Mass Proj.) 2.37% tender 6/3/2026 CP mode (b)
|
20,000,000
|
20,000,000
|
|
|
Massachusetts St Dev Fin Agy Rv (Boston University Mass Proj.) 2.6% tender 2/3/2026 CP mode (b)
|
36,000,000
|
36,000,000
|
|
|
Massachusetts St Dev Fin Agy Rv (Boston University Mass Proj.) 2.6% tender 5/6/2026 CP mode (b)
|
67,500,000
|
67,500,001
|
|
|
Massachusetts St Dev Fin Agy Rv (Boston University Mass Proj.) 2.67% tender 3/4/2026 CP mode (b)
|
30,000,000
|
30,000,000
|
|
|
Massachusetts St Dev Fin Agy Rv (Wellesley College, MA Proj.) Series 2025 N, 5% 7/1/2026
|
500,000
|
504,959
|
|
|
University MA Bldg Auth Rev (Univ of Massachusetts Proj.) Series 2019 1, 5% 5/1/2026
|
100,000
|
100,654
|
|
|
154,993,506
|
|||
|
Electric Utilities - 0.4%
|
|||
|
Massachusetts St Dev Agy Elec Util Rev (Nantucket Elec Co Proj.) 2.35% tender 2/9/2026 (Massachusetts Electric Co Guaranteed) CP mode (e)
|
13,300,000
|
13,300,000
|
|
|
Escrowed/Pre-Refunded - 0.3%
|
|||
|
Boston MA Wtr & Swr Commn Series 2018 A, 4% 11/1/2037 (Pre-refunded to 5/1/2026 at 100)
|
120,000
|
120,257
|
|
|
Massachusetts St Sch Bldg Auth Dedicated Sales Tax Rev Series 2019A, 5% 2/15/2049 (Pre-refunded to 2/15/2026 at 100)
|
9,485,000
|
9,492,546
|
|
|
Massachusetts St Wtr Res Auth Series 2016B, 5% 8/1/2040 (Pre-refunded to 8/1/2026 at 100)
|
100,000
|
101,133
|
|
|
Massachusetts St Wtr Res Auth Series 2016C, 5% 8/1/2031 (Pre-refunded to 8/1/2026 at 100)
|
545,000
|
551,376
|
|
|
Massachusetts St Wtr Res Auth Series 2016C, 5% 8/1/2032 (Pre-refunded to 8/1/2026 at 100)
|
525,000
|
531,432
|
|
|
Massachusetts St Wtr Res Auth Series 2016C, 5% 8/1/2033 (Pre-refunded to 8/1/2026 at 100)
|
175,000
|
177,005
|
|
|
Massachusetts St Wtr Res Auth Series 2016C, 5% 8/1/2035 (Pre-refunded to 8/1/2026 at 100)
|
450,000
|
455,207
|
|
|
Massachusetts St Wtr Res Auth Series 2016C, 5% 8/1/2040 (Pre-refunded to 8/1/2026 at 100)
|
150,000
|
151,877
|
|
|
11,580,833
|
|||
|
General Obligations - 10.8%
|
|||
|
Agawam MA BAN 4% 9/24/2026
|
2,320,000
|
2,340,461
|
|
|
Amherst MA BAN 4% 3/26/2026
|
17,570,000
|
17,595,751
|
|
|
Ashland MA Gen. Oblig. BAN 3.5% 10/8/2026
|
17,223,336
|
17,332,146
|
|
|
Attleboro Mass BAN 3.5% 10/29/2026
|
4,900,000
|
4,932,493
|
|
|
Ayer Mass BAN 4% 5/14/2026
|
5,610,515
|
5,622,196
|
|
|
Belmont Mass Gen. Oblig. BAN 3.5% 9/25/2026
|
6,025,000
|
6,061,055
|
|
|
Belmont Mass Series 2019, 5% 3/15/2026
|
100,000
|
100,274
|
|
|
Boston Mass Gen. Oblig. Series 2016 B, 4% 3/1/2026
|
100,000
|
100,086
|
|
|
Boston Mass Gen. Oblig. Series 2025A, 5% 2/1/2026
|
14,505,000
|
14,505,000
|
|
|
Cambridge MA Gen. Oblig. 5% 2/15/2026
|
755,000
|
755,689
|
|
|
Cambridge MA Gen. Oblig. Series 2019, 5% 2/15/2026
|
365,000
|
365,330
|
|
|
Cambridge MA Gen. Oblig. Series 2020, 5% 2/15/2026
|
120,000
|
120,096
|
|
|
Cambridge MA Gen. Oblig. Series 2024, 5% 2/15/2026
|
200,000
|
200,183
|
|
|
Canton Mass BAN 3.5% 8/13/2026
|
6,065,000
|
6,092,821
|
|
|
Carlisle MA Gen. Oblig. BAN 3.5% 12/18/2026
|
5,000,000
|
5,035,429
|
|
|
Central Berkshire MA Regl Sch Dist BAN 3.5% 7/24/2026
|
7,005,408
|
7,038,034
|
|
|
Duxbury MA BAN 5% 4/16/2026
|
13,565,000
|
13,612,179
|
|
|
Eastham Mass Gen. Oblig. BAN 3.5% 9/30/2026
|
5,955,000
|
5,993,692
|
|
|
Easton MA Gen. Oblig. BAN 4% 3/5/2026
|
2,974,934
|
2,977,698
|
|
|
Fairhaven Mass Gen. Oblig. BAN 4% 9/18/2026
|
695,000
|
701,156
|
|
|
Gloucester Mass Gen. Oblig. BAN 3.5% 10/2/2026
|
23,918,547
|
24,089,569
|
|
|
Groton MA Gen. Oblig. BAN 3.5% 2/11/2027 (f)
|
4,592,980
|
4,646,856
|
|
|
Groton MA Gen. Oblig. BAN 4% 2/12/2026
|
4,358,061
|
4,359,248
|
|
|
Hanover Mass BAN 4% 2/20/2026
|
2,531,327
|
2,532,436
|
|
|
Hingham MA Gen. Oblig. BAN 4% 2/13/2026
|
5,376,683
|
5,378,426
|
|
|
Hopkinton MA BAN 4% 6/10/2026
|
20,000,000
|
20,068,564
|
|
|
Lakeville MA Gen. Oblig. BAN 3.5% 10/9/2026
|
13,825,000
|
13,914,540
|
|
|
Lee Mass Gen. Oblig. BAN 3.5% 10/14/2026
|
28,700,000
|
28,895,495
|
|
|
Lexington Mass Gen. Oblig. BAN 4% 2/27/2026
|
670,000
|
670,539
|
|
|
Manchester By The Sea MA Gen. Oblig. BAN 4% 6/26/2026
|
4,100,000
|
4,114,203
|
|
|
Marion Mass Gen. Oblig. BAN 3.5% 11/4/2026
|
4,776,722
|
4,804,887
|
|
|
Marlborough Mass Gen. Oblig. BAN 4% 6/12/2026
|
6,500,000
|
6,519,433
|
|
|
Massachusetts St Gen. Oblig. Series 2016A, 5% 7/1/2026
|
100,000
|
100,928
|
|
|
Massachusetts St Gen. Oblig. Series 2016B, 5% 7/1/2026
|
130,000
|
131,337
|
|
|
Massachusetts St Gen. Oblig. Series 2017 E, 5% 11/1/2026
|
200,000
|
203,407
|
|
|
Massachusetts St Gen. Oblig. Series 2017D, 5% 7/1/2026
|
110,000
|
111,131
|
|
|
Massachusetts St Gen. Oblig. Series 2018C, 5% 9/1/2026
|
600,000
|
608,029
|
|
|
Massachusetts St Gen. Oblig. Series 2019 C, 5% 5/1/2026
|
180,000
|
181,025
|
|
|
Massachusetts St Gen. Oblig. Series 2023A, 5% 5/1/2026
|
890,000
|
894,936
|
|
|
Massachusetts St Gen. Oblig. Series 2024B, 5% 5/1/2026
|
1,465,000
|
1,473,548
|
|
|
Massachusetts St Gen. Oblig. Series A, 5% 7/1/2026
|
705,000
|
711,632
|
|
|
Massachusetts St Gen. Oblig. Series E, 5% 11/1/2026
|
515,000
|
524,002
|
|
|
Medford MA BAN 4% 9/18/2026
|
555,000
|
559,910
|
|
|
Melrose MA Gen. Oblig. BAN 3.5% 12/18/2026
|
26,000,000
|
26,222,329
|
|
|
Milton MA Gen. Oblig. BAN 4% 9/15/2026
|
1,235,960
|
1,246,773
|
|
|
Monomoy Regional School District BAN 3.75% 9/18/2026
|
5,000,000
|
5,032,997
|
|
|
Nantucket MA Gen. Oblig. BAN 4% 3/20/2026
|
665,000
|
666,190
|
|
|
Nantucket MA Gen. Oblig. BAN Series B, 4% 4/10/2026
|
135,000
|
135,332
|
|
|
North Reading MA BAN 4% 5/21/2026
|
6,467,803
|
6,484,091
|
|
|
Northbridge MA BAN 4% 6/18/2026
|
270,000
|
271,265
|
|
|
Pembroke Mass Gen. Oblig. BAN 3.5% 9/25/2026
|
8,380,000
|
8,432,811
|
|
|
Randolph MA Gen. Oblig. BAN 3.5% 10/23/2026
|
1,563,745
|
1,571,662
|
|
|
Revere Mass BAN 4% 7/10/2026
|
8,405,000
|
8,455,670
|
|
|
Salisbury Mass Gen. Oblig. BAN 4% 9/3/2026
|
3,037,000
|
3,059,338
|
|
|
Somerville MA Gen. Oblig. BAN Series A, 4% 6/18/2026
|
21,025,377
|
21,100,915
|
|
|
Swampscott MA Gen. Oblig. BAN 4% 3/5/2026
|
175,000
|
175,131
|
|
|
Topsfield Mass Gen. Oblig. BAN 4% 4/15/2026
|
2,400,000
|
2,406,403
|
|
|
Tyngsborough MA BAN 3.5% 10/30/2026
|
9,207,476
|
9,270,780
|
|
|
Uxbridge MA Gen. Oblig. BAN Series B, 4% 7/23/2026
|
6,435,000
|
6,460,572
|
|
|
Walpole Mass BAN 3.5% 1/29/2027
|
2,798,727
|
2,828,537
|
|
|
Wellesley MA BAN 4% 5/28/2026
|
7,500,000
|
7,523,829
|
|
|
West Tisbury Mass Gen. Oblig. BAN 4% 10/16/2026
|
1,848,500
|
1,862,448
|
|
|
Winchester MA BAN 4% 3/26/2026
|
5,000,000
|
5,009,184
|
|
|
Worcester MA Gen. Oblig. BAN 4% 3/19/2026
|
3,377,000
|
3,382,274
|
|
|
Worcester MA Gen. Oblig. Series 2020 A, 4% 2/1/2026
|
400,000
|
400,000
|
|
|
Worcester MA Gen. Oblig. Series 2022, 5% 2/1/2026
|
100,000
|
100,000
|
|
|
Yarmouth MA Gen. Oblig. BAN 4% 4/17/2026
|
300,000
|
300,630
|
|
|
359,375,011
|
|||
|
Health Care - 4.6%
|
|||
|
Massachusetts Development Finance Agency (Mass General Brigham Inc Proj.) Series 2020A 2, 5% 7/1/2026
|
1,125,000
|
1,136,200
|
|
|
Massachusetts St Dev Fin Agy Rev (Mass General Brigham Inc Proj.) Series 2016Q, 5% 7/1/2026
|
150,000
|
151,295
|
|
|
Massachusetts St Dev Fin Agy Rev (Mass General Brigham Inc Proj.) Series 2017 S, 5% 7/1/2026
|
550,000
|
555,225
|
|
|
Massachusetts St Hlth & Ed Fac (Mass General Brigham Inc Proj.) 2.45% tender 2/4/2026 CP mode (b)
|
12,640,000
|
12,640,000
|
|
|
Massachusetts St Hlth & Ed Fac (Mass General Brigham Inc Proj.) 2.49% tender 2/3/2026 CP mode (b)
|
19,585,000
|
19,585,001
|
|
|
Massachusetts St Hlth & Ed Fac (Mass General Brigham Inc Proj.) 2.5% tender 5/6/2026 CP mode (b)
|
14,010,000
|
14,010,000
|
|
|
Massachusetts St Hlth & Ed Fac (Mass General Brigham Inc Proj.) 2.56% tender 3/4/2026 CP mode (b)
|
17,750,000
|
17,750,000
|
|
|
Massachusetts St Hlth & Ed Fac (Mass General Brigham Inc Proj.) 2.57% tender 5/5/2026 CP mode (b)
|
7,825,000
|
7,825,000
|
|
|
Massachusetts St Hlth & Ed Fac (Mass General Brigham Inc Proj.) 2.6% tender 3/10/2026 CP mode (b)
|
17,385,000
|
17,385,000
|
|
|
Massachusetts St Hlth & Ed Fac (Mass General Brigham Inc Proj.) 2.6% tender 5/19/2026 CP mode (b)
|
16,050,000
|
16,050,000
|
|
|
Massachusetts St Hlth & Ed Fac (Mass General Brigham Inc Proj.) 2.63% tender 3/18/2026 CP mode (b)
|
18,595,000
|
18,595,000
|
|
|
Massachusetts St Hlth & Ed Fac (Mass General Brigham Inc Proj.) 2.63% tender 3/25/2026 CP mode (b)
|
9,440,000
|
9,440,000
|
|
|
Massachusetts St Hlth & Ed Fac (Mass General Brigham Inc Proj.) 2.64% tender 2/18/2026 CP mode (b)
|
17,090,000
|
17,090,000
|
|
|
152,212,721
|
|||
|
Special Tax - 0.2%
|
|||
|
Mass Bay Tran Auth Assemnt Series 2016A, 4% 7/1/2026
|
790,000
|
794,316
|
|
|
Mass Bay Tran Auth Sls Tax 5% 7/1/2026
|
1,310,000
|
1,322,893
|
|
|
Mass Bay Tran Auth Sls Tax 5.5% 7/1/2026
|
175,000
|
177,030
|
|
|
Massachusetts St Transn Fd Rev Series 2016A, 4% 6/1/2026
|
225,000
|
226,077
|
|
|
Massachusetts St Transn Fd Rev Series 2016A, 5% 6/1/2026
|
100,000
|
100,772
|
|
|
Massachusetts St Transn Fd Rev Series 2021 B, 5% 6/1/2026
|
605,000
|
609,545
|
|
|
Massachusetts St Transn Fd Rev Series 2024A, 5% 6/1/2026
|
4,380,000
|
4,409,333
|
|
|
7,639,966
|
|||
|
Transportation - 0.1%
|
|||
|
Massachusetts St Port Auth Rev Series 2019 A, 5% 7/1/2026 (e)
|
1,500,000
|
1,513,098
|
|
|
Massachusetts St Port Auth Rev Series 2019 C, 5% 7/1/2026 (e)
|
400,000
|
403,614
|
|
|
1,916,712
|
|||
|
Water & Sewer - 0.6%
|
|||
|
Massachusetts Clean Water Trust/The 5% 2/1/2026
|
280,000
|
280,000
|
|
|
Massachusetts Clean Water Trust/The Series 2016, 5% 2/1/2026
|
240,000
|
240,000
|
|
|
Massachusetts Clean Water Trust/The Series 2017, 5% 8/1/2026
|
310,000
|
313,665
|
|
|
Massachusetts Clean Water Trust/The Series 2023, 5% 2/1/2026
|
2,320,000
|
2,320,000
|
|
|
Massachusetts Clean Water Trust/The Series 2025, 5% 2/1/2026
|
140,000
|
140,000
|
|
|
Massachusetts Clean Water Trust/The Series 23A, 4% 2/1/2026
|
125,000
|
125,000
|
|
|
Massachusetts Clean Water Trust/The Series 25A, 5% 2/1/2026
|
115,000
|
115,000
|
|
|
Massachusetts Clean Water Trust/The Series 26A, 5% 2/1/2026
|
345,000
|
345,000
|
|
|
Massachusetts Clean Water Trust/The Series 27, 5% 2/1/2027 (f)
|
14,000,000
|
14,382,620
|
|
|
Massachusetts St Wtr Res Auth Series 2021 B, 5% 8/1/2026
|
195,000
|
197,235
|
|
|
Massachusetts St Wtr Res Auth Series 2023 C, 5% 8/1/2026
|
675,000
|
683,051
|
|
|
19,141,571
|
|||
|
TOTAL MASSACHUSETTS
|
720,160,320
|
||
|
Michigan - 0.0%
|
|||
|
Michigan - 0.0%
|
|||
|
Health Care - 0.0%
|
|||
|
Kent MI Hosp Fin Auth (Corewell Health Proj.) SIFMA Municipal Swap Index + 0.25%, 2.53% tender 1/15/2047 (b)(g)
|
1,100,000
|
1,100,000
|
|
|
TOTAL MUNICIPAL SECURITIES
(Cost $721,260,320)
|
721,260,320
|
||
|
Tender Option Bond - 25.5%
|
|||
|
Principal
Amount (a)
|
Value ($)
|
||
|
Alabama - 0.2%
|
|||
|
Black Belt Energy Gas District Participating VRDN Series 5087, 2.48% 5/1/2056 (Liquidity Facility JP Morgan Securities LLC) (b)(c)
|
8,300,000
|
8,300,000
|
|
|
Arizona - 0.2%
|
|||
|
Arizona Ind Dev Auth Multi Fam Hsg Auth Participating VRDN Series 2025 MIZ9211, 2.51% 5/13/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)
|
300,000
|
300,000
|
|
|
Arizona Ind Dev Auth Multi Fam Hsg Auth Participating VRDN Series 2025 MIZ9219, 2.51% 7/31/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)
|
495,000
|
495,000
|
|
|
Arizona Ind Dev Auth Multi Fam Hsg Auth Participating VRDN Series 2025 MIZ9220, 2.51% 7/31/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)
|
300,000
|
300,000
|
|
|
Arizona Ind Dev Auth Multi Fam Hsg Auth Participating VRDN Series 2025 MIZ9240, 2.51% 1/1/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)
|
900,000
|
900,000
|
|
|
Arizona Ind Dev Auth Multi Fam Hsg Auth Participating VRDN Series 2025 MIZ9241, 2.51% 11/2/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)
|
600,000
|
600,000
|
|
|
Arizona Ind Dev Auth Multi Fam Hsg Auth Participating VRDN Series 2025 MIZ9242, 2.51% 11/2/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)
|
900,000
|
900,000
|
|
|
Arizona Ind Dev Auth Participating VRDN 2.51% 6/20/2027 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)
|
200,000
|
200,000
|
|
|
Arizona Ind Dev Auth Participating VRDN Series 2024 MIZ9187, 2.51% 8/21/2027 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)
|
1,300,000
|
1,300,000
|
|
|
TOTAL ARIZONA
|
4,995,000
|
||
|
California - 1.0%
|
|||
|
Los Angeles Multi Fam Hsg Participating VRDN Series 2025 MIZ9237, 2.51% 10/22/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)(e)
|
30,000,000
|
30,000,000
|
|
|
Illinois - 0.3%
|
|||
|
Illinois Fin Auth Rev Participating VRDN Series 2018 017, 2.58% 8/15/2030 (Liquidity Facility Barclays Bank PLC) (b)(c)(k)
|
700,000
|
700,000
|
|
|
Illinois Hsg Dev Auth Multi Fam Hsg Auth Participating VRDN Series 2025 MIZ9224, 2.51% 8/18/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)
|
9,515,000
|
9,515,000
|
|
|
TOTAL ILLINOIS
|
10,215,000
|
||
|
Massachusetts - 23.4%
|
|||
|
Mass Bay Tran Auth Sls Tax Participating VRDN Series 2025 XF3425, 2.28% 7/1/2055 (Liquidity Facility Barclays Bank PLC) (b)(c)
|
12,800,000
|
12,800,000
|
|
|
Mass Bay Tran Auth Sls Tax Participating VRDN Series 2025 XX1382, 3.2% 7/1/2052 (Liquidity Facility Barclays Bank PLC) (b)(c)
|
7,710,000
|
7,710,000
|
|
|
Mass Bay Tran Auth Sls Tax Participating VRDN Series 2025 XX1411, 2.28% 7/1/2055 (Liquidity Facility Barclays Bank PLC) (b)(c)
|
10,800,000
|
10,800,000
|
|
|
Mass Bay Tran Auth Sls Tax Participating VRDN Series 2025 YX1410, 2.28% 7/1/2050 (Liquidity Facility Barclays Bank PLC) (b)(c)
|
14,350,000
|
14,350,000
|
|
|
Mass Bay Tran Auth Sls Tax Series 2025 MS0076E, 2.46% tender 7/1/2055 (Liquidity Facility Morgan Stanley Bank NA) (b)(c)(d)
|
14,580,000
|
14,580,000
|
|
|
Massachusetts Bay Trans Auth Sales Tax Rev Participating VRDN 2.34% 7/1/2054 (Liquidity Facility Morgan Stanley Bank NA) (b)(c)
|
10,345,000
|
10,345,000
|
|
|
Massachusetts Dev Fin Agcy Rev Participating VRDN 2.3% 3/1/2049 (Liquidity Facility Bank of America, N.A.) (b)(c)
|
114,305,000
|
114,305,000
|
|
|
Massachusetts Edl Fing Auth Rev Participating VRDN Series 2017 XF2511, 2.29% 7/1/2046 (Liquidity Facility Barclays Bank PLC) (b)(c)(e)
|
1,545,000
|
1,545,000
|
|
|
Massachusetts Edl Fing Auth Rev Participating VRDN Series 2017 XG0139, 2.29% 7/1/2046 (Liquidity Facility Barclays Bank PLC) (b)(c)(e)
|
11,985,000
|
11,985,000
|
|
|
Massachusetts Housing Finance Agency Participating VRDN Series 2024 XF1703, 2.3% 12/1/2054 (Liquidity Facility Toronto Dominion Bank NA) (b)(c)
|
6,075,000
|
6,075,000
|
|
|
Massachusetts Hsg Fin Agy Participating VRDN Series 2024 XG0582, 2.31% 12/1/2064 (Liquidity Facility Bank of America, N.A.) (b)(c)
|
1,215,000
|
1,215,000
|
|
|
Massachusetts Hsg Fin Agy Participating VRDN Series 2025 XX1444, 2.28% 12/1/2068 (Liquidity Facility Barclays Bank PLC) (b)(c)
|
11,880,000
|
11,880,000
|
|
|
Massachusetts St Dev Fin Agcy Rev Participating VRDN Series 2024 008, 2.38% 5/1/2027 (Liquidity Facility Barclays Bank PLC) (b)(c)
|
47,495,000
|
47,495,000
|
|
|
Massachusetts St Dev Fin Agcy Rev Participating VRDN Series 2025 YX1432, 2.28% 7/1/2045 (Liquidity Facility Barclays Bank PLC) (b)(c)
|
8,305,000
|
8,305,000
|
|
|
Massachusetts St Dev Fin Agy Rev Participating VRDN Series 2017 YX1074, 2.28% 7/1/2037 (Liquidity Facility Barclays Bank PLC) (b)(c)
|
8,560,000
|
8,560,000
|
|
|
Massachusetts St Gen. Oblig. Participating VRDN 2.28% 10/1/2048 (Liquidity Facility Morgan Stanley Bank NA) (b)(c)
|
6,335,000
|
6,335,000
|
|
|
Massachusetts St Gen. Oblig. Participating VRDN 2.28% 12/1/2051 (Liquidity Facility Wells Fargo Bank NA) (b)(c)
|
12,500,000
|
12,500,000
|
|
|
Massachusetts St Gen. Oblig. Participating VRDN 2.28% 5/1/2048 (Liquidity Facility Wells Fargo Bank NA) (b)(c)
|
3,750,000
|
3,750,000
|
|
|
Massachusetts St Gen. Oblig. Participating VRDN 2.28% 9/1/2035 (Liquidity Facility Citibank NA) (b)(c)
|
32,550,000
|
32,550,000
|
|
|
Massachusetts St Gen. Oblig. Participating VRDN 2.3% 10/1/2047 (Liquidity Facility Morgan Stanley Bank NA) (b)(c)
|
14,665,000
|
14,665,000
|
|
|
Massachusetts St Gen. Oblig. Participating VRDN 2.34% 10/1/2053 (Liquidity Facility Morgan Stanley Bank NA) (b)(c)
|
24,075,000
|
24,075,000
|
|
|
Massachusetts St Gen. Oblig. Participating VRDN 3.2% 5/1/2053 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)
|
8,000,000
|
8,000,000
|
|
|
Massachusetts St Gen. Oblig. Participating VRDN 3.4% 8/1/2054 (Liquidity Facility Wells Fargo Bank NA) (b)(c)
|
7,815,000
|
7,815,000
|
|
|
Massachusetts St Gen. Oblig. Participating VRDN Series 2023 MS0020, 2.34% 10/1/2049 (Liquidity Facility Morgan Stanley Bank NA) (b)(c)
|
28,035,000
|
28,035,000
|
|
|
Massachusetts St Gen. Oblig. Participating VRDN Series 2023 ZL0488, 2.28% 10/1/2051 (Liquidity Facility Morgan Stanley Bank NA) (b)(c)
|
6,665,000
|
6,665,000
|
|
|
Massachusetts St Gen. Oblig. Participating VRDN Series 2024 CF7003, 2.28% 8/1/2028 (Liquidity Facility Citibank NA) (b)(c)
|
9,270,000
|
9,270,000
|
|
|
Massachusetts St Gen. Oblig. Participating VRDN Series 2025 XF1904, 3.2% 5/1/2054 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)
|
18,350,000
|
18,350,000
|
|
|
Massachusetts St Gen. Oblig. Participating VRDN Series 2025 XF3357, 2.28% 11/1/2052 (Liquidity Facility Wells Fargo Bank NA) (b)(c)
|
20,860,000
|
20,860,000
|
|
|
Massachusetts St Gen. Oblig. Participating VRDN Series 2025 XF3416, 2.28% 4/1/2055 (Liquidity Facility Barclays Bank PLC) (b)(c)
|
13,200,000
|
13,200,000
|
|
|
Massachusetts St Gen. Oblig. Participating VRDN Series 2025 XL0613, 2.28% 12/1/2052 (Liquidity Facility Morgan Stanley Bank NA) (b)(c)
|
22,500,000
|
22,500,000
|
|
|
Massachusetts St Gen. Oblig. Participating VRDN Series 2025 XL0677, 2.28% 8/1/2053 (Liquidity Facility Morgan Stanley Bank NA) (b)(c)
|
7,110,000
|
7,110,000
|
|
|
Massachusetts St Gen. Oblig. Participating VRDN Series 2025 XL0709, 3.2% 1/1/2054 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)
|
5,895,000
|
5,895,000
|
|
|
Massachusetts St Gen. Oblig. Participating VRDN Series 2025 XM1243, 3.2% 5/1/2053 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)
|
7,515,000
|
7,515,000
|
|
|
Massachusetts St Gen. Oblig. Participating VRDN Series 2025 ZF3324, 2.28% 12/1/2054 (Liquidity Facility Morgan Stanley Bank NA) (b)(c)
|
7,085,000
|
7,085,000
|
|
|
Massachusetts St Gen. Oblig. Participating VRDN Series 2025 ZF3392, 2.28% 4/1/2055 (Liquidity Facility Morgan Stanley Bank NA) (b)(c)
|
7,500,000
|
7,500,000
|
|
|
Massachusetts St Gen. Oblig. Participating VRDN Series 2025 ZF3411, 2.28% 12/1/2053 (Liquidity Facility Morgan Stanley Bank NA) (b)(c)
|
6,665,000
|
6,665,000
|
|
|
Massachusetts St Gen. Oblig. Participating VRDN Series 2025 ZL0645, 2.28% 5/1/2048 (Liquidity Facility Royal Bank of Canada NY) (b)(c)
|
7,610,000
|
7,610,000
|
|
|
Massachusetts St Port Auth Rev Participating VRDN 2.33% 7/1/2046 (Liquidity Facility Morgan Stanley Bank NA) (b)(c)(e)
|
11,250,000
|
11,250,000
|
|
|
Massachusetts St Port Auth Rev Participating VRDN 3.23% 7/1/2043 (Liquidity Facility Barclays Bank PLC) (b)(c)(e)
|
1,240,000
|
1,240,000
|
|
|
Massachusetts St Port Auth Rev Participating VRDN 3.33% 7/1/2038 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)(e)
|
13,280,000
|
13,280,000
|
|
|
Massachusetts St Port Auth Rev Participating VRDN Series 2023 XF1613, 2.31% 7/1/2049 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)(e)
|
17,900,000
|
17,900,000
|
|
|
Massachusetts St Port Auth Rev Participating VRDN Series 2023 ZF1679, 2.31% 7/1/2051 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)(e)
|
2,810,000
|
2,810,000
|
|
|
Massachusetts St Transn Fd Rev Participating VRDN 3.2% 6/1/2050 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)
|
8,000,000
|
8,000,000
|
|
|
Massachusetts St Transn Fd Rev Participating VRDN 3.2% 6/1/2053 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)
|
21,350,000
|
21,350,000
|
|
|
Massachusetts St Transn Fd Rev Participating VRDN Series 2023 XF1604, 2.29% 6/1/2053 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)
|
15,000,000
|
15,000,000
|
|
|
Massachusetts St Transn Fd Rev Participating VRDN Series 2023 XF1607, 2.28% 6/1/2053 (Liquidity Facility Bank of America, N.A.) (b)(c)
|
12,800,000
|
12,800,000
|
|
|
Massachusetts St Transn Fd Rev Participating VRDN Series 2023 XF1612, 2.28% 6/1/2053 (Liquidity Facility Bank of America, N.A.) (b)(c)
|
16,400,000
|
16,400,000
|
|
|
Massachusetts St Transn Fd Rev Participating VRDN Series 2023 XG0531, 2.28% 6/1/2051 (Liquidity Facility Barclays Bank PLC) (b)(c)
|
11,200,000
|
11,200,000
|
|
|
Massachusetts St Transn Fd Rev Participating VRDN Series 2023 XM1137, 2.28% 6/1/2053 (Liquidity Facility Royal Bank of Canada NY) (b)(c)
|
17,230,000
|
17,230,000
|
|
|
Massachusetts St Transn Fd Rev Participating VRDN Series 2025 XF1895, 3.2% 6/1/2054 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)
|
14,940,000
|
14,940,000
|
|
|
Massachusetts St Transn Fd Rev Participating VRDN Series 2025 XF3358, 2.28% 6/1/2052 (Liquidity Facility Wells Fargo Bank NA) (b)(c)
|
22,500,000
|
22,500,000
|
|
|
Massachusetts St Transn Fd Rev Participating VRDN Series 2025 XM1329, 3.2% 6/1/2055 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)
|
3,750,000
|
3,750,000
|
|
|
Massachusetts St Transn Fd Rev Participating VRDN Series 2025 ZF3436, 2.28% 6/1/2052 (Liquidity Facility Morgan Stanley Bank NA) (b)(c)
|
7,500,000
|
7,500,000
|
|
|
Massachusetts St Transn Fd Rev Participating VRDN Series 2025 ZF8049, 2.29% 6/1/2053 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)
|
7,505,000
|
7,505,000
|
|
|
University Mass Bldg Auth Proj Participating VRDN Series 2024 XM1158, 3.2% 11/1/2052 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)
|
11,725,000
|
11,725,000
|
|
|
TOTAL MASSACHUSETTS
|
776,280,000
|
||
|
Minnesota - 0.0%
|
|||
|
Saint Paul Hsg & Redev Auth Rev Participating VRDN 2.51% 8/21/2027 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)
|
1,600,000
|
1,600,000
|
|
|
Missouri - 0.1%
|
|||
|
Kansas City MO Multi Fam Hsg Rev Participating VRDN Series 2025 MIZ9207, 2.51% 1/21/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)
|
800,000
|
800,000
|
|
|
St Louis County Ind Dev Auth Multi Fam Hsg Rev Participating VRDN Series 2025 MIZ9235, 2.51% 10/15/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)
|
500,000
|
500,000
|
|
|
St Louis MO Lafayette Apts Participating VRDN Series 2025 MIZ9212, 2.51% 5/21/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)
|
900,000
|
900,000
|
|
|
TOTAL MISSOURI
|
2,200,000
|
||
|
New Jersey,Pennsylvania - 0.0%
|
|||
|
Pennsylvania Hsg Fin Agcy Multi Fam Hsg Dev Rev Participating VRDN Series 2025 MIZ9245, 2.51% 1/7/2029 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)
|
1,400,000
|
1,400,000
|
|
|
New Mexico - 0.1%
|
|||
|
Bernalillo NM Multi Fam Hsg St Anthony's Pl Participating VRDN Series 2025 MIZ9210, 2.51% 4/29/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)
|
2,000,000
|
2,000,000
|
|
|
New York - 0.2%
|
|||
|
New York Dorm Auth Royal Charter Prop Participating VRDN Series 2025 MIZ9208, 2.51% 3/16/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)
|
5,500,000
|
5,500,000
|
|
|
North Carolina - 0.0%
|
|||
|
Raleigh NC Hsg Auth Multi Fam Rev Participating VRDN Series 2025 MIZ9228, 2.51% 8/15/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)
|
1,600,000
|
1,600,000
|
|
|
Oregon - 0.0%
|
|||
|
Oregon Hsg & Cmnty Svcs Dep Participating VRDN 2.51% 1/2/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)
|
400,000
|
400,000
|
|
|
Oregon Hsg & Cmnty Svcs Dep Participating VRDN Series 2025 MIZ9243, 2.51% 11/17/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)
|
920,000
|
920,000
|
|
|
TOTAL OREGON
|
1,320,000
|
||
|
Tennessee - 0.0%
|
|||
|
Metropolitan Govt Nashville & Davidson County Hlth & Edl Fac Participating VRDN Series 2024 MIZ9181, 2.51% 7/11/2027 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)
|
1,060,000
|
1,060,000
|
|
|
Texas - 0.0%
|
|||
|
Collin County Hsg Fin Corp Multi Fam Participating VRDN 2.51% 8/21/2027 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)
|
1,500,000
|
1,500,000
|
|
|
TOTAL TENDER OPTION BOND
(Cost $847,970,000)
|
847,970,000
|
||
|
Variable Rate Demand Note - 36.7%
|
|||
|
Principal
Amount (a)
|
Value ($)
|
||
|
Alabama - 0.4%
|
|||
|
Decatur AL Indl Dev Brd Exempt (Nucor Corp Proj.) 2.55% 8/1/2036 VRDN (b)(e)
|
4,428,000
|
4,428,000
|
|
|
West Jefferson Ala Indl Dev Brd Solid Waste Disp Rev (Alabama Power & Light Proj.) Series 2023, 2.75% 8/1/2063 VRDN (b)(e)
|
8,600,000
|
8,600,000
|
|
|
TOTAL ALABAMA
|
13,028,000
|
||
|
Arizona - 0.2%
|
|||
|
Maricopa Cnty AZ Pollution Ctl (Arizona Public Service Co Proj.) 2.35% 5/1/2029 VRDN (b)
|
6,000,000
|
6,000,000
|
|
|
Arkansas - 0.0%
|
|||
|
Blytheville AR Indl Dev Rev (Nucor Corp Proj.) 2.52% 1/2/2033 VRDN (b)(e)
|
300,000
|
300,000
|
|
|
Delaware - 0.0%
|
|||
|
Delaware St Econ Dev Auth Rev (Delmarva Power & Light Proj.) 2.51% 10/1/2028 VRDN (b)
|
100,000
|
100,000
|
|
|
Florida - 1.0%
|
|||
|
Lee Cnty FL Indl DevAuth Rev (Florida Pwr & Lt Co Proj.) Series 2016 B, 2.7% 12/1/2046 VRDN (b)(e)
|
1,200,000
|
1,200,000
|
|
|
Miami-Dade Cnty FL Indl Dev Au (Florida Pwr & Lt Co Proj.) Series 2024A, 2.45% 5/1/2054 VRDN (b)(e)
|
14,600,000
|
14,600,000
|
|
|
Miami-Dade Cnty FL Indl Dev Au (Florida Pwr & Lt Co Proj.) Series 2024B, 2.44% 5/1/2054 VRDN (b)(e)
|
15,700,000
|
15,700,000
|
|
|
TOTAL FLORIDA
|
31,500,000
|
||
|
Indiana - 0.0%
|
|||
|
Indiana St Dev Fin Auth Envr Rev (Duke Energy Ind Inc Proj.) 2.5% 12/1/2038 VRDN (b)(e)
|
900,000
|
900,000
|
|
|
Iowa - 0.3%
|
|||
|
Iowa Fin Auth Sld Disp Wst Rev (Midamerican Energy Co Proj.) 2.37% 7/1/2038 VRDN (b)(e)
|
9,400,000
|
9,400,000
|
|
|
Iowa Fin Auth Solid Waste Facs Rev (Midamerican Energy Co Proj.) 2.4% 12/1/2047 VRDN (b)(e)
|
2,025,000
|
2,025,000
|
|
|
TOTAL IOWA
|
11,425,000
|
||
|
Kansas - 0.1%
|
|||
|
Burlington Kans Envr Imprv Rev (Evergy Kansas Metro Proj.) 2.42% 9/1/2035 VRDN (b)
|
2,200,000
|
2,200,000
|
|
|
Burlington Kans Envr Imprv Rev (Evergy Kansas Metro Proj.) 2.42% 9/1/2035 VRDN (b)
|
1,000,000
|
1,000,000
|
|
|
TOTAL KANSAS
|
3,200,000
|
||
|
Kentucky - 0.2%
|
|||
|
Meade Cnty KY Indl Bldg Rev (Nucor Corp Proj.) Series 2020 B 1, 3.65% 7/1/2060 VRDN (b)(e)
|
1,400,000
|
1,400,000
|
|
|
Meade Cnty KY Indl Bldg Rev (Nucor Corp Proj.) Series 2021 A 1, 3.65% 8/1/2061 VRDN (b)(e)
|
5,000,000
|
5,000,000
|
|
|
Meade Cnty KY Indl Bldg Rev (Nucor Corp Proj.) Series 2021B 1, 3.65% 8/1/2061 VRDN (b)(e)
|
300,000
|
300,000
|
|
|
TOTAL KENTUCKY
|
6,700,000
|
||
|
Louisiana - 0.1%
|
|||
|
St James Parish LA Rev (Nucor Corp Proj.) 2.5% 11/1/2040 VRDN (b)
|
2,580,000
|
2,580,000
|
|
|
Massachusetts - 34.0%
|
|||
|
MA Dept Transn Met Hwy Sys Rev (Massachusetts St Proj.) 2.2% 1/1/2039 (Liquidity Facility US Bank NA/Cincinnati OH) VRDN (b)
|
37,775,000
|
37,775,000
|
|
|
MA Dept Transn Met Hwy Sys Rev (Massachusetts St Proj.) 2.22% 1/1/2039 (Liquidity Facility TD Bank NA) VRDN (b)
|
63,695,000
|
63,695,000
|
|
|
MA Dept Transn Met Hwy Sys Rev (Massachusetts St Proj.) 2.23% 1/1/2039 (Liquidity Facility US Bank NA/Cincinnati OH) VRDN (b)
|
122,830,000
|
122,830,000
|
|
|
MA Dept Transn Met Hwy Sys Rev 2.33% 1/1/2037, LOC TD Bank NA VRDN (b)
|
82,355,000
|
82,355,000
|
|
|
MA Dept Transn Met Hwy Sys Rev Series 2010 A 2, 2.3% 1/1/2037, LOC TD Bank NA VRDN (b)
|
78,140,000
|
78,140,000
|
|
|
Mass Bay Tran Auth Sls Tax (Massachusetts St Proj.) Series 2022A, 2.3% 7/1/2052 (Liquidity Facility TD Bank NA) VRDN (b)
|
31,380,000
|
31,380,000
|
|
|
Massachusetts Dev Fin Agcy Multifamily Hsg (Avalonbay Communities Inc Proj.) 2.33% 7/15/2040, LOC Fannie Mae VRDN (b)(e)
|
45,000,000
|
45,000,000
|
|
|
Massachusetts Development Finance Agency (Childrens Hospital, Ma Proj.) Series 2024 U 1, 3.2% 3/1/2048, LOC TD Bank NA VRDN (b)
|
7,845,000
|
7,845,000
|
|
|
Massachusetts Development Finance Agency (Childrens Hospital, Ma Proj.) Series 2024 U 2, 3.2% 3/1/2048, LOC TD Bank NA VRDN (b)
|
19,870,000
|
19,870,000
|
|
|
Massachusetts Development Finance Agency (Mass General Brigham Inc Proj.) Series 2024 E 1, 3.1% 7/1/2052 (Liquidity Facility JPMorgan Chase Bank NA) VRDN (b)
|
20,085,000
|
20,085,000
|
|
|
Massachusetts Development Finance Agency (Mass General Brigham Inc Proj.) Series 2024 E 2, 3.1% 7/1/2052, LOC Royal Bank of Canada VRDN (b)
|
26,910,000
|
26,910,000
|
|
|
Massachusetts Housing Finance Agency (Single Family Housing Revenue Proj.) Series 196, 2.27% 12/1/2048 (Liquidity Facility TD Bank NA) VRDN (b)
|
9,000,000
|
9,000,000
|
|
|
Massachusetts Housing Finance Agency (Single Family Housing Revenue Proj.) Series 200, 2.27% 12/1/2048 (Liquidity Facility TD Bank NA) VRDN (b)
|
15,000,000
|
15,000,000
|
|
|
Massachusetts Housing Finance Agency (Single Family Housing Revenue Proj.) Series 204, 2.27% 12/1/2048 (Liquidity Facility TD Bank NA) VRDN (b)
|
10,000,000
|
10,000,000
|
|
|
Massachusetts St Dev Fin Agy Rev (Babson College, Ma Proj.) 1.95% 10/1/2032, LOC Bank of America NA VRDN (b)
|
14,900,000
|
14,900,000
|
|
|
Massachusetts St Dev Fin Agy Rev (Holy Cross College, Ma Proj.) 3.25% 9/1/2037, LOC Bank of America NA VRDN (b)
|
23,375,000
|
23,375,000
|
|
|
Massachusetts St Dev Fin Agy Rev (Iso New England, Inc Proj.) 2.27% 2/1/2032, LOC TD Bank NA VRDN (b)
|
11,275,000
|
11,275,000
|
|
|
Massachusetts St Dev Fin Agy Rev (Marine Biological Laboratory Proj.) 2.29% 10/1/2036, LOC PNC Bank NA VRDN (b)
|
18,820,000
|
18,820,000
|
|
|
Massachusetts St Dev Fin Agy Rev (Melmark New England Inc Proj.) 2.28% 7/1/2026, LOC TD Bank NA VRDN (b)
|
440,000
|
440,000
|
|
|
Massachusetts St Dev Fin Agy Rev (Worcester Polytech Inst, Ma Proj.) 2.19% 9/1/2035, LOC TD Bank NA VRDN (b)
|
23,950,000
|
23,950,000
|
|
|
Massachusetts St Dev Fin Agy Rv (Mass General Brigham Inc Proj.) Series 2026G2, 3.1% 7/1/2062, LOC Royal Bank of Canada/New York NY VRDN (b)
|
18,000,000
|
18,000,000
|
|
|
Massachusetts St Hlth & Ed Fac (Baystate Health System Inc Proj.) 2.25% 7/1/2044, LOC TD Bank NA VRDN (b)
|
32,970,000
|
32,970,000
|
|
|
Massachusetts St Hlth & Ed Fac (Baystate Health System Inc Proj.) 2.31% 7/1/2039, LOC Bank of America NA VRDN (b)
|
26,265,000
|
26,265,000
|
|
|
Massachusetts St Hlth & Ed Fac (Baystate Health System Inc Proj.) 3.2% 7/1/2044, LOC TD Bank NA VRDN (b)
|
21,265,000
|
21,265,000
|
|
|
Massachusetts St Hlth & Ed Fac (Mass General Brigham Inc Proj.) 1.75% 7/1/2040, LOC TD Bank NA VRDN (b)
|
18,840,000
|
18,840,000
|
|
|
Massachusetts St Hlth & Ed Fac (Massachusetts Inst Tech, Ma Proj.) 1.95% 7/1/2031 VRDN (b)
|
99,945,000
|
99,945,000
|
|
|
Massachusetts St Hlth & Ed Fac (Massachusetts Inst Tech, Ma Proj.) Series 2001J 2, 2.95% 7/1/2031 VRDN (b)
|
57,380,000
|
57,380,000
|
|
|
Massachusetts St Hlth & Ed Fac (President And Fellows Of Harvard College Proj.) 2.55% 11/1/2049 VRDN (b)
|
4,895,000
|
4,895,000
|
|
|
Massachusetts St Hlth & Ed Fac (President And Fellows Of Harvard College Proj.) 2.8% 7/1/2035 VRDN (b)
|
22,110,000
|
22,110,000
|
|
|
Massachusetts St Hlth & Ed Fac 2.31% 7/1/2031, LOC Federal Home Ln Bank of Boston VRDN (b)
|
4,650,000
|
4,650,000
|
|
|
Massachusetts St Hsg Fin Agy (Princeton Property Management Proj.) Series 2015 A, 2.27% 1/1/2034, LOC Bank of America NA VRDN (b)
|
27,900,000
|
27,900,000
|
|
|
Massachusetts St Hsg Fin Agy (Single Family Housing Revenue Proj.) Series 208, 2.27% 6/1/2049 (Liquidity Facility TD Bank NA) VRDN (b)
|
15,000,000
|
15,000,000
|
|
|
Massachusetts St Hsg Fin Agy 2.3% 12/1/2038, LOC TD Bank NA VRDN (b)(e)
|
19,235,000
|
19,235,000
|
|
|
Massachusetts St Wtr Res Auth 1.9% 11/1/2026 (Liquidity Facility Barclays Bank PLC) VRDN (b)
|
5,030,000
|
5,030,000
|
|
|
Massachusetts St Wtr Res Auth Series 2025 C, 2.3% 8/1/2037 (Liquidity Facility Royal Bank of Canada/New York NY) VRDN (b)
|
39,935,000
|
39,935,000
|
|
|
Massachusetts St Wtr Res Auth Series 2025 E, 2.3% 8/1/2031 (Liquidity Facility TD Bank NA) VRDN (b)
|
15,030,000
|
15,030,000
|
|
|
Massachusetts St Wtr Res Auth Series 2025D, 2.15% 8/1/2031, LOC Bank of America NA VRDN (b)
|
37,455,000
|
37,455,000
|
|
|
TOTAL MASSACHUSETTS
|
1,128,550,000
|
||
|
North Carolina - 0.0%
|
|||
|
Hertford Cnty NC Indl Facs & Pollutn Ctl Fing Auth Indl Dev Rev (Nucor Corp Proj.) 2.52% 11/1/2033 VRDN (b)(e)
|
400,000
|
400,000
|
|
|
South Carolina - 0.2%
|
|||
|
Berkeley Cnty SC Indl Dev Rev (Nucor Corp Proj.) 2.55% 4/1/2030 VRDN (b)(e)
|
1,500,000
|
1,500,000
|
|
|
Berkeley Cnty SC Indl Dev Rev (Nucor Corp Proj.) 2.85% 3/1/2029 VRDN (b)(e)
|
1,800,000
|
1,800,000
|
|
|
Berkeley Cnty SC Indl Dev Rev (Nucor Corp Proj.) 2.85% 4/1/2031 VRDN (b)(e)
|
2,916,000
|
2,916,000
|
|
|
Darlington Cnty SC Indl Dev Re (Nucor Corp Proj.) 2.85% 8/1/2029 VRDN (b)(e)
|
2,000,000
|
2,000,000
|
|
|
TOTAL SOUTH CAROLINA
|
8,216,000
|
||
|
Tennessee - 0.1%
|
|||
|
Memphis Shelby Cnty TN Indl Dev Brd Exempt Facs Rev (Nucor Corp Proj.) 2.55% 9/1/2037 VRDN (b)(e)
|
2,330,000
|
2,330,000
|
|
|
West Virginia - 0.1%
|
|||
|
West Virginia Economic Dev Auth Sold Waste Disp Facs Rev (Nucor Steel West Virginia Llc Proj.) Series 2025B 1, 2.6% 11/1/2065 (Nucor Corp Guaranteed) VRDN (b)(e)
|
4,400,000
|
4,400,000
|
|
|
TOTAL VARIABLE RATE DEMAND NOTE
(Cost $1,219,629,000)
|
1,219,629,000
|
||
|
Commercial Paper - 3.1%
|
||||
|
Yield (%) (h)
|
Principal
Amount (a)
|
Value ($)
|
||
|
Massachusetts Hlth & Edl Facs Auth Rev 2.28% 5/5/2026 CP
|
2.28
|
36,280,000
|
36,280,000
|
|
|
Massachusetts Hlth & Edl Facs Auth Rev 2.55% 2/4/2026 CP
|
2.55
|
3,200,000
|
3,200,000
|
|
|
Massachusetts St Wtr Res Auth 2.3% 3/5/2026, LOC Bank of America NA CP
|
2.30
|
30,000,000
|
30,000,000
|
|
|
Massachusetts St Wtr Res Auth 2.58% 5/20/2026, LOC TD Bank NA CP
|
2.58
|
20,000,000
|
20,000,000
|
|
|
Massachusetts St Wtr Res Auth 2.66% 3/4/2026, LOC TD Bank NA CP
|
2.66
|
15,000,000
|
15,000,000
|
|
|
TOTAL COMMERCIAL PAPER
(Cost $104,480,000)
|
104,480,000
|
|||
|
Money Market Funds - 11.0%
|
||||
|
Yield (%)
|
Shares
|
Value ($)
|
||
|
Fidelity Municipal Cash Central Fund (i)(j)
(Cost $364,449,088)
|
2.36
|
364,382,939
|
364,449,088
|
|
|
TOTAL INVESTMENT IN SECURITIES - 98.0%
(Cost $3,257,788,408)
|
3,257,788,408
|
|
NET OTHER ASSETS (LIABILITIES) - 2.0%
|
66,895,782
|
|
NET ASSETS - 100.0%
|
3,324,684,190
|
|
BAN
|
-
|
BOND ANTICIPATION NOTE
|
|
VRDN
|
-
|
VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly)
|
|
(a)
|
Amount is stated in United States dollars unless otherwise noted.
|
|
(b)
|
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
|
|
(c)
|
Provides evidence of ownership in one or more underlying municipal bonds. Coupon rates are determined by re-marketing agents based on current market conditions.
|
|
(d)
|
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $77,270,000 or 2.3% of net assets.
|
|
(e)
|
Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.
|
|
(f)
|
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
|
|
(g)
|
Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.
|
|
(h)
|
Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.
|
|
(i)
|
Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Central Fund.
|
|
(j)
|
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, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.
|
|
(k)
|
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 $700,000 or 0.0% of net assets.
|
|
Additional information on each restricted holding is as follows:
|
||
|
Security
|
Acquisition Date
|
Cost ($)
|
|
Arizona Ind Dev Auth Multi Fam Hsg Auth Participating VRDN Series 2025 MIZ9211, 2.51% 5/13/2028 (Liquidity Facility Mizuho Capital Markets LLC)
|
5/14/2025
|
300,000
|
|
Arizona Ind Dev Auth Multi Fam Hsg Auth Participating VRDN Series 2025 MIZ9219, 2.51% 7/31/2028 (Liquidity Facility Mizuho Capital Markets LLC)
|
8/1/2025
|
495,000
|
|
Arizona Ind Dev Auth Multi Fam Hsg Auth Participating VRDN Series 2025 MIZ9220, 2.51% 7/31/2028 (Liquidity Facility Mizuho Capital Markets LLC)
|
8/1/2025
|
300,000
|
|
Arizona Ind Dev Auth Multi Fam Hsg Auth Participating VRDN Series 2025 MIZ9240, 2.51% 1/1/2028 (Liquidity Facility Mizuho Capital Markets LLC)
|
11/3/2025
|
900,000
|
|
Arizona Ind Dev Auth Multi Fam Hsg Auth Participating VRDN Series 2025 MIZ9241, 2.51% 11/2/2028 (Liquidity Facility Mizuho Capital Markets LLC)
|
11/3/2025
|
600,000
|
|
Arizona Ind Dev Auth Multi Fam Hsg Auth Participating VRDN Series 2025 MIZ9242, 2.51% 11/2/2028 (Liquidity Facility Mizuho Capital Markets LLC)
|
11/3/2025
|
900,000
|
|
Arizona Ind Dev Auth Participating VRDN 2.51% 6/20/2027 (Liquidity Facility Mizuho Capital Markets LLC)
|
6/18/2025
|
200,000
|
|
Arizona Ind Dev Auth Participating VRDN Series 2024 MIZ9187, 2.51% 8/21/2027 (Liquidity Facility Mizuho Capital Markets LLC)
|
8/21/2024
|
1,300,000
|
|
Bernalillo NM Multi Fam Hsg St Anthony's Pl Participating VRDN Series 2025 MIZ9210, 2.51% 4/29/2028 (Liquidity Facility Mizuho Capital Markets LLC)
|
4/30/2025
|
2,000,000
|
|
Collin County Hsg Fin Corp Multi Fam Participating VRDN 2.51% 8/21/2027 (Liquidity Facility Mizuho Capital Markets LLC)
|
8/21/2024
|
1,500,000
|
|
Illinois Hsg Dev Auth Multi Fam Hsg Auth Participating VRDN Series 2025 MIZ9224, 2.51% 8/18/2028 (Liquidity Facility Mizuho Capital Markets LLC)
|
8/19/2025
|
9,515,000
|
|
Kansas City MO Multi Fam Hsg Rev Participating VRDN Series 2025 MIZ9207, 2.51% 1/21/2028 (Liquidity Facility Mizuho Capital Markets LLC)
|
1/23/2025
|
800,000
|
|
Los Angeles Multi Fam Hsg Participating VRDN Series 2025 MIZ9237, 2.51% 10/22/2028 (Liquidity Facility Mizuho Capital Markets LLC)
|
10/23/2025
|
30,000,000
|
|
Mass Bay Tran Auth Sls Tax Series 2025 MS0076E, 2.46% tender 7/1/2055 (Liquidity Facility Morgan Stanley Bank NA)
|
8/21/2025
|
14,580,000
|
|
Metropolitan Govt Nashville & Davidson County Hlth & Edl Fac Participating VRDN Series 2024 MIZ9181, 2.51% 7/11/2027 (Liquidity Facility Mizuho Capital Markets LLC)
|
7/11/2024
|
1,060,000
|
|
New York Dorm Auth Royal Charter Prop Participating VRDN Series 2025 MIZ9208, 2.51% 3/16/2028 (Liquidity Facility Mizuho Capital Markets LLC)
|
3/17/2025
|
5,500,000
|
|
Oregon Hsg & Cmnty Svcs Dep Participating VRDN 2.51% 1/2/2028 (Liquidity Facility Mizuho Capital Markets LLC)
|
1/2/2025
|
400,000
|
|
Oregon Hsg & Cmnty Svcs Dep Participating VRDN Series 2025 MIZ9243, 2.51% 11/17/2028 (Liquidity Facility Mizuho Capital Markets LLC)
|
11/18/2025
|
920,000
|
|
Pennsylvania Hsg Fin Agcy Multi Fam Hsg Dev Rev Participating VRDN Series 2025 MIZ9245, 2.51% 1/7/2029 (Liquidity Facility Mizuho Capital Markets LLC)
|
1/8/2026
|
1,400,000
|
|
Raleigh NC Hsg Auth Multi Fam Rev Participating VRDN Series 2025 MIZ9228, 2.51% 8/15/2028 (Liquidity Facility Mizuho Capital Markets LLC)
|
8/19/2025
|
1,600,000
|
|
Saint Paul Hsg & Redev Auth Rev Participating VRDN 2.51% 8/21/2027 (Liquidity Facility Mizuho Capital Markets LLC)
|
8/21/2024
|
1,600,000
|
|
St Louis County Ind Dev Auth Multi Fam Hsg Rev Participating VRDN Series 2025 MIZ9235, 2.51% 10/15/2028 (Liquidity Facility Mizuho Capital Markets LLC)
|
10/16/2025
|
500,000
|
|
St Louis MO Lafayette Apts Participating VRDN Series 2025 MIZ9212, 2.51% 5/21/2028 (Liquidity Facility Mizuho Capital Markets LLC)
|
5/22/2025
|
900,000
|
|
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
|
375,332,416
|
1,813,487,655
|
1,824,370,983
|
11,599,324
|
-
|
-
|
364,449,088
|
364,382,939
|
8.3%
|
|
Total
|
375,332,416
|
1,813,487,655
|
1,824,370,983
|
11,599,324
|
-
|
-
|
364,449,088
|
||
|
Statement of Assets and Liabilities
|
||||
|
As of January 31, 2026
|
||||
|
Assets
|
||||
|
Investment in securities, at value - See accompanying schedule:
|
||||
|
Unaffiliated issuers (cost $2,893,339,320)
|
$
|
2,893,339,320
|
||
|
Fidelity Central Funds (cost $364,449,088)
|
364,449,088
|
|||
|
Total Investment in Securities (cost $3,257,788,408)
|
$
|
3,257,788,408
|
||
|
Cash
|
20,175
|
|||
|
Receivable for investments sold
|
5,300,000
|
|||
|
Receivable for fund shares sold
|
83,326,656
|
|||
|
Interest receivable
|
14,715,250
|
|||
|
Distributions receivable from Fidelity Central Funds
|
419,488
|
|||
|
Receivable from investment adviser for expense reductions
|
78,048
|
|||
|
Other receivables
|
5,189
|
|||
|
Total assets
|
3,361,653,214
|
|||
|
Liabilities
|
||||
|
Payable for investments purchased on a delayed delivery basis
|
$
|
19,029,476
|
||
|
Payable for fund shares redeemed
|
16,466,365
|
|||
|
Distributions payable
|
709,565
|
|||
|
Accrued management fee
|
563,241
|
|||
|
Other affiliated payables
|
200,377
|
|||
|
Total liabilities
|
36,969,024
|
|||
|
Net Assets
|
$
|
3,324,684,190
|
||
|
Net Assets consist of:
|
||||
|
Paid in capital
|
$
|
3,324,559,594
|
||
|
Total accumulated earnings (loss)
|
124,596
|
|||
|
Net Assets
|
$
|
3,324,684,190
|
||
|
Net Asset Value and Maximum Offering Price
|
||||
|
Fidelity Massachusetts Municipal Money Market Fund :
|
||||
|
Net Asset Value, offering price and redemption price per share ($34,598,715 ÷ 34,610,071 shares)
|
$
|
1.00
|
||
|
Institutional Class :
|
||||
|
Net Asset Value, offering price and redemption price per share ($2,013,953,376 ÷ 2,012,225,173 shares)
|
$
|
1.00
|
||
|
Premium Class :
|
||||
|
Net Asset Value, offering price and redemption price per share ($1,276,132,099 ÷ 1,274,492,284 shares)
|
$
|
1.00
|
||
|
Statement of Operations
|
||||
|
Year ended January 31, 2026
|
||||
|
Investment Income
|
||||
|
Interest
|
$
|
76,326,363
|
||
|
Income from Fidelity Central Funds
|
11,594,407
|
|||
|
Total income
|
87,920,770
|
|||
|
Expenses
|
||||
|
Management fee
|
$
|
6,713,460
|
||
|
Transfer agent fees
|
2,366,331
|
|||
|
Independent trustees' fees and expenses
|
7,861
|
|||
|
Total expenses before reductions
|
9,087,652
|
|||
|
Expense reductions
|
(1,049,884)
|
|||
|
Total expenses after reductions
|
8,037,768
|
|||
|
Net Investment income (loss)
|
79,883,002
|
|||
|
Realized and Unrealized Gain (Loss)
|
||||
|
Net realized gain (loss) on:
|
||||
|
Investment Securities:
|
||||
|
Unaffiliated issuers
|
83,634
|
|||
|
Capital gain distributions from Fidelity Central Funds
|
4,917
|
|||
|
Total net realized gain (loss)
|
88,551
|
|||
|
Net increase in net assets resulting from operations
|
$
|
79,971,553
|
||
|
Statement of Changes in Net Assets
|
||||
|
Year ended
January 31, 2026
|
Year ended
January 31, 2025
|
|||
|
Increase (Decrease) in Net Assets
|
||||
|
Operations
|
||||
|
Net investment income (loss)
|
$
|
79,883,002
|
$
|
88,951,571
|
|
Net realized gain (loss)
|
88,551
|
(14,346)
|
||
|
Net increase in net assets resulting from operations
|
79,971,553
|
88,937,225
|
||
|
Distributions to shareholders
|
(79,884,672)
|
(88,942,613)
|
||
|
Share transactions - net increase (decrease)
|
202,089,948
|
376,161,125
|
||
|
Total increase (decrease) in net assets
|
202,176,829
|
376,155,737
|
||
|
Net Assets
|
||||
|
Beginning of period
|
3,122,507,361
|
2,746,351,624
|
||
|
End of period
|
$
|
3,324,684,190
|
$
|
3,122,507,361
|
|
Fidelity® Massachusetts Municipal Money Market Fund
|
|
Years ended January 31,
|
2026
|
2025
|
2024
|
2023 A
|
||||
|
Selected Per-Share Data
|
||||||||
|
Net asset value, beginning of period
|
$
|
1.00
|
$
|
1.00
|
$
|
1.00
|
$
|
1.00
|
|
Income from Investment Operations
|
||||||||
|
Net investment income (loss) B
|
.022
|
.028
|
.028
|
.007
|
||||
|
Net realized and unrealized gain (loss) C
|
-
|
-
|
-
|
-
|
||||
|
Total from investment operations
|
.022
|
.028
|
.028
|
.007
|
||||
|
Distributions from net investment income
|
(.022)
|
(.028)
|
(.028)
|
(.007)
|
||||
|
Total distributions
|
(.022)
|
(.028)
|
(.028)
|
(.007)
|
||||
|
Net asset value, end of period
|
$
|
1.00
|
$
|
1.00
|
$
|
1.00
|
$
|
1.00
|
|
Total Return D,E
|
2.22
%
|
2.82%
|
2.79%
|
.69%
|
||||
|
Ratios to Average Net Assets B,F,G
|
||||||||
|
Expenses before reductions
|
.42%
|
.42%
|
.42%
|
.42% H
|
||||
|
Expenses net of fee waivers, if any
|
.42
%
|
.42%
|
.42%
|
.42% H
|
||||
|
Expenses net of all reductions, if any
|
.42%
|
.42%
|
.42%
|
.41% H
|
||||
|
Net investment income (loss)
|
2.19%
|
2.78%
|
2.76%
|
1.71% H
|
||||
|
Supplemental Data
|
||||||||
|
Net assets, end of period (000 omitted)
|
$
|
34,599
|
$
|
30,372
|
$
|
16,587
|
$
|
3,949
|
|
Fidelity® Massachusetts Municipal Money Market Fund Institutional Class
|
|
Years ended January 31,
|
2026
|
2025
|
2024
|
2023
|
2022
|
|||||
|
Selected Per-Share Data
|
||||||||||
|
Net asset value, beginning of period
|
$
|
1.00
|
$
|
1.00
|
$
|
1.00
|
$
|
1.00
|
$
|
1.00
|
|
Income from Investment Operations
|
||||||||||
|
Net investment income (loss) A
|
.024
|
.030
|
.030
|
.011
|
- B
|
|||||
|
Net realized and unrealized gain (loss) B
|
-
|
-
|
-
|
-
|
-
|
|||||
|
Total from investment operations
|
.024
|
.030
|
.030
|
.011
|
- B
|
|||||
|
Distributions from net investment income
|
(.024)
|
(.030)
|
(.030)
|
(.011)
|
- B
|
|||||
|
Distributions from net realized gain
|
-
|
-
|
-
|
-
|
- B
|
|||||
|
Total distributions
|
(.024)
|
(.030)
|
(.030)
|
(.011)
|
- B
|
|||||
|
Net asset value, end of period
|
$
|
1.00
|
$
|
1.00
|
$
|
1.00
|
$
|
1.00
|
$
|
1.00
|
|
Total Return C
|
2.44
%
|
3.05%
|
3.02%
|
1.14%
|
.02%
|
|||||
|
Ratios to Average Net Assets A,D,E
|
||||||||||
|
Expenses before reductions
|
.25%
|
.25%
|
.25%
|
.25%
|
.25%
|
|||||
|
Expenses net of fee waivers, if any
|
.20
%
|
.20%
|
.20%
|
.20%
|
.07%
|
|||||
|
Expenses net of all reductions, if any
|
.20%
|
.20%
|
.20%
|
.20%
|
.07%
|
|||||
|
Net investment income (loss)
|
2.41%
|
3.00%
|
2.98%
|
1.39%
|
.01%
|
|||||
|
Supplemental Data
|
||||||||||
|
Net assets, end of period (000 omitted)
|
$
|
2,013,953
|
$
|
1,934,384
|
$
|
1,611,323
|
$
|
1,201,472
|
$
|
907,646
|
|
Fidelity® Massachusetts Municipal Money Market Fund Premium Class
|
|
Years ended January 31,
|
2026
|
2025
|
2024
|
2023
|
2022
|
|||||
|
Selected Per-Share Data
|
||||||||||
|
Net asset value, beginning of period
|
$
|
1.00
|
$
|
1.00
|
$
|
1.00
|
$
|
1.00
|
$
|
1.00
|
|
Income from Investment Operations
|
||||||||||
|
Net investment income (loss) A
|
.023
|
.029
|
.029
|
.010
|
- B
|
|||||
|
Net realized and unrealized gain (loss) B
|
-
|
-
|
-
|
-
|
-
|
|||||
|
Total from investment operations
|
.023
|
.029
|
.029
|
.010
|
- B
|
|||||
|
Distributions from net investment income
|
(.023)
|
(.029)
|
(.029)
|
(.010)
|
- B
|
|||||
|
Distributions from net realized gain
|
-
|
-
|
-
|
-
|
- B
|
|||||
|
Total distributions
|
(.023)
|
(.029)
|
(.029)
|
(.010)
|
- B
|
|||||
|
Net asset value, end of period
|
$
|
1.00
|
$
|
1.00
|
$
|
1.00
|
$
|
1.00
|
$
|
1.00
|
|
Total Return C
|
2.34
%
|
2.95%
|
2.92%
|
1.05%
|
.02%
|
|||||
|
Ratios to Average Net Assets A,D,E
|
||||||||||
|
Expenses before reductions
|
.30%
|
.30%
|
.30%
|
.30%
|
.30%
|
|||||
|
Expenses net of fee waivers, if any
|
.30
%
|
.30%
|
.30%
|
.29%
|
.07%
|
|||||
|
Expenses net of all reductions, if any
|
.30%
|
.30%
|
.30%
|
.29%
|
.07%
|
|||||
|
Net investment income (loss)
|
2.31%
|
2.90%
|
2.88%
|
1.30%
|
.01%
|
|||||
|
Supplemental Data
|
||||||||||
|
Net assets, end of period (000 omitted)
|
$
|
1,276,132
|
$
|
1,157,751
|
$
|
1,118,442
|
$
|
1,162,526
|
$
|
202,508
|
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
|
Gross unrealized appreciation
|
$-
|
|
Gross unrealized depreciation
|
-
|
|
Net unrealized appreciation (depreciation)
|
$-
|
|
Tax Cost
|
$3,257,788,408
|
|
Undistributed tax-exempt income
|
$127,492
|
|
Capital loss carryforward
|
$(2,897)
|
|
Short-term
|
$(2,897)
|
|
Long-term
|
-
|
|
Total capital loss carryforward
|
$(2,897)
|
|
|
January 31, 2026
|
January 31, 2025
|
|
Tax-exempt Income
|
79,884,672
|
88,942,613
|
|
|
Amount ($)
|
% of Class-Level Average Net Assets
|
|
Fidelity Massachusetts Municipal Money Market Fund
|
80,779
|
.22
|
|
Institutional Class
|
1,038,390
|
.05
|
|
Premium Class
|
1,247,162
|
.10
|
|
|
2,366,331
|
|
|
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity Massachusetts Municipal Money Market Fund
|
8,850,000
|
14,805,000
|
-
|
|
|
Year ended
January 31, 2026
|
Year ended
January 31, 2025
|
|
Fidelity Massachusetts Municipal Money Market Fund
|
|
|
|
Distributions to shareholders
|
|
|
|
Fidelity Massachusetts Municipal Money Market Fund
|
$790,266
|
$711,863
|
|
Institutional Class
|
50,317,289
|
54,169,328
|
|
Premium Class
|
28,777,117
|
34,061,422
|
|
Total
|
$79,884,672
|
$88,942,613
|
|
|
Shares
|
Shares
|
Dollars
|
Dollars
|
|
|
Year ended
January 31, 2026
|
Year ended
January 31, 2025
|
Year ended
January 31, 2026
|
Year ended
January 31, 2025
|
|
Fidelity Massachusetts Municipal Money Market Fund
|
|
|
|
|
|
Fidelity Massachusetts Municipal Money Market Fund
|
|
|
|
|
|
Shares sold
|
103,626,536
|
76,818,493
|
$103,626,536
|
$76,818,493
|
|
Reinvestment of distributions
|
725,634
|
606,839
|
725,634
|
606,839
|
|
Shares redeemed
|
(100,124,413)
|
(63,633,002)
|
(100,124,413)
|
(63,633,002)
|
|
Net increase (decrease)
|
4,227,757
|
13,792,330
|
$4,227,757
|
$13,792,330
|
|
Institutional Class
|
|
|
|
|
|
Shares sold
|
3,952,629,046
|
2,495,741,596
|
$3,952,629,046
|
$2,495,741,596
|
|
Reinvestment of distributions
|
40,735,075
|
44,181,698
|
40,735,075
|
44,181,698
|
|
Shares redeemed
|
(3,913,739,015)
|
(2,216,969,061)
|
(3,913,739,015)
|
(2,216,969,061)
|
|
Net increase (decrease)
|
79,625,106
|
322,954,233
|
$79,625,106
|
$322,954,233
|
|
Premium Class
|
|
|
|
|
|
Shares sold
|
788,876,410
|
565,473,734
|
$788,876,410
|
$565,473,734
|
|
Reinvestment of distributions
|
25,437,389
|
31,094,822
|
25,437,389
|
31,094,822
|
|
Shares redeemed
|
(696,076,714)
|
(557,153,994)
|
(696,076,714)
|
(557,153,994)
|
|
Net increase (decrease)
|
118,237,085
|
39,414,562
|
$118,237,085
|
$39,414,562
|
|
|
Item 8.
Changes in and Disagreements with Accountants for Open-End Management Investment Companies
See Item 7.
Item 9.
Proxy Disclosures for Open-End Management Investment Companies
See Item 7.
Item 10.
Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies
See Item 7.
Item 11.
Statement Regarding Basis for Approval of Investment Advisory Contract
See Item 7.
Item 12.
Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 13.
Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 14.
Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 15.
Submission of Matters to a Vote of Security Holders
There were no material changes to the procedures by which shareholders may recommend nominees to the trusts Board of Trustees.
Item 16.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the trusts disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the trusts internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the trusts internal control over financial reporting.
Item 17.
Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
Not applicable.
Item 18.
Recovery of Erroneously Awarded Compensation
(a)
Not applicable.
(b)
Not applicable.
Item 19.
Exhibits
|
(a) |
(1) |
|
|
(a) |
(2) |
|
|
(a) |
(3) |
Not applicable. |
|
(b) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Fidelity Massachusetts Municipal Trust
|
By: |
/s/Laura M. Del Prato |
|
Laura M. Del Prato |
|
|
President and Treasurer (Principal Executive Officer) |
|
|
Date: |
March 25, 2026 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
|
By: |
/s/Laura M. Del Prato |
|
Laura M. Del Prato |
|
|
President and Treasurer (Principal Executive Officer) |
|
|
Date: |
March 25, 2026 |
|
By: |
/s/Stephanie Caron |
|
Stephanie Caron |
|
|
Chief Financial Officer (Principal Financial Officer) |
|
|
Date: |
March 25, 2026 |