Quarterly Holdings Report
for
Fidelity® New Jersey Municipal Income Fund
February 28, 2026
NJT-NPRT1-0426
1.814102.121
Municipal Securities - 93.8%
 
  
Principal
Amount (a)
 
Value ($)
 
Delaware,New Jersey - 0.7%
 
  
  
Transportation - 0.7%
  
  
  
Delaware River & Bay Auth Series 2022, 5% 1/1/2042
 
2,075,000
2,272,549
Delaware River & Bay Auth Series 2024 B, 5% 1/1/2041
 
500,000
568,229
Delaware River & Bay Auth Series 2024 B, 5% 1/1/2042
 
800,000
900,676
Delaware River & Bay Auth Series 2024 B, 5% 1/1/2043
 
600,000
668,132
Delaware River & Bay Auth Series 2024 B, 5% 1/1/2044
 
425,000
467,732
TOTAL DELAWARE,NEW JERSEY
  
  
4,877,318
Guam - 1.0%
 
  
  
Special Tax - 0.6%
  
  
  
Guam Govt Business Privilege Tax Rev Series 2025 G, 5.25% 1/1/2037
 
1,440,000
1,639,545
Guam Govt Business Privilege Tax Rev Series 2025 G, 5.25% 1/1/2039
 
1,000,000
1,121,650
Guam Govt Business Privilege Tax Rev Series 2025 G, 5.25% 1/1/2040
 
1,200,000
1,337,253
TOTAL SPECIAL TAX
  
  
4,098,448
Water & Sewer - 0.4%
  
  
  
Guam Govt Wtrwks Auth Wtr & Wst Rev Series 2025A, 5% 7/1/2036
 
585,000
664,835
Guam Govt Wtrwks Auth Wtr & Wst Rev Series 2025A, 5% 7/1/2037
 
820,000
922,092
Guam Govt Wtrwks Auth Wtr & Wst Rev Series 2025A, 5% 7/1/2038
 
1,010,000
1,129,369
TOTAL WATER & SEWER
  
  
2,716,296
TOTAL GUAM
  
  
6,814,744
New Jersey - 73.9%
 
  
  
Education - 13.0%
  
  
  
Gloucester Cnty NJ Impt Auth Rev (Rowan Univ Proj.) Series 2024, 5% 7/1/2054 (Build America Mutual Assurance Co Insured)
 
4,650,000
4,819,975
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2010-1 Proj.) 5% 12/1/2027 (d)
  
2,500,000
2,539,419
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2018 Proj.) Series 2018 B, 5% 12/1/2026 (d)
  
255,000
259,210
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2018 Proj.) Series 2018 B, 5% 12/1/2028 (d)
  
2,355,000
2,470,120
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2019 Proj.) Series 2019A, 5% 12/1/2027
 
2,000,000
2,081,313
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2019 Proj.) Series 2019A, 5% 12/1/2028
 
700,000
734,218
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2019 Proj.) Series 2020 A, 5% 12/1/2027 (d)
  
1,000,000
1,037,698
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2019 Proj.) Series 2020 A, 5% 12/1/2028 (d)
  
1,175,000
1,244,497
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2019 Proj.) Series 2020B, 5% 12/1/2027 (d)
  
1,600,000
1,660,316
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2019 Proj.) Series 2020B, 5% 12/1/2028 (d)
  
1,000,000
1,059,147
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2021 A, 5% 12/1/2026 (d)
  
325,000
330,367
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2021 A, 5% 12/1/2027 (d)
  
325,000
337,252
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2021 A, 5% 12/1/2028 (d)
  
400,000
423,659
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2021 A, 5% 12/1/2029 (d)
  
1,050,000
1,132,502
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2021 B, 5% 12/1/2027 (d)
  
1,325,000
1,374,949
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2021 B, 5% 12/1/2028 (d)
  
1,450,000
1,535,763
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2021 B, 5% 12/1/2029 (d)
  
1,415,000
1,526,181
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2023A, 5% 12/1/2026 (d)
  
1,275,000
1,296,054
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2023B, 5% 12/1/2026 (d)
  
7,000,000
7,115,592
Higher Ed Student Assistance Auth NJ Student Ln Rev Series 2024 A, 5% 12/1/2028 (d)
  
1,900,000
2,012,379
Higher Ed Student Assistance Auth NJ Student Ln Rev Series 2024 A, 5% 12/1/2029 (d)
  
1,900,000
2,049,289
Higher Ed Student Assistance Auth NJ Student Ln Rev Series 2024 A, 5% 12/1/2030 (d)
  
1,875,000
2,041,773
Higher Ed Student Assistance Auth NJ Student Ln Rev Series 2024 A, 5% 12/1/2031 (d)
  
1,270,000
1,395,810
Montclair State University Inc (Montclair State University Inc Proj.) Series 2025A, 5% 7/1/2037 (Assured Guaranty Inc Insured)
 
400,000
468,510
Montclair State University Inc (Montclair State University Inc Proj.) Series 2025A, 5% 7/1/2038 (Assured Guaranty Inc Insured)
 
350,000
407,627
Montclair State University Inc (Montclair State University Inc Proj.) Series 2025A, 5% 7/1/2039 (Assured Guaranty Inc Insured)
 
550,000
636,056
Montclair State University Inc (Montclair State University Inc Proj.) Series 2025A, 5% 7/1/2040 (Assured Guaranty Inc Insured)
 
235,000
270,495
Montclair State University Inc (Montclair State University Inc Proj.) Series 2025A, 5% 7/1/2041 (Assured Guaranty Inc Insured)
 
325,000
370,095
Montclair State University Inc (Montclair State University Inc Proj.) Series 2025A, 5% 7/1/2042 (Assured Guaranty Inc Insured)
 
250,000
281,255
New Jersey Econom Dev Auth Rev (Provident Montclair Proj.) 5% 6/1/2030 (Assured Guaranty Inc Insured)
 
1,500,000
1,544,346
New Jersey Econom Dev Auth Rev (Provident Montclair Proj.) 5% 6/1/2031 (Assured Guaranty Inc Insured)
 
1,500,000
1,543,448
New Jersey Educational Facilities Authority (Ramapo College, NJ Proj.) 5% 7/1/2031
 
3,000,000
3,005,854
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 4% 7/1/2050
 
3,000,000
2,645,474
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 5% 7/1/2032
 
420,000
458,955
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 5% 7/1/2033
 
675,000
735,072
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 5% 7/1/2034
 
540,000
585,595
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 5% 7/1/2035
 
570,000
615,731
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 5% 7/1/2036
 
1,095,000
1,177,345
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 5% 7/1/2037
 
1,095,000
1,171,393
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 5% 7/1/2038
 
985,000
1,046,574
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 5% 7/1/2039
 
1,040,000
1,101,030
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 5% 7/1/2040
 
5,435,000
5,720,814
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) 5% 7/1/2045
 
3,500,000
3,584,263
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) Series 2017 A, 5% 7/1/2026
 
945,000
951,830
New Jersey Educational Facilities Authority (Stevens Institute of Technolgy Proj.) Series 2017 A, 5% 7/1/2029
 
865,000
891,803
New Jersey Educational Facilities Authority (Stockton University Proj.) Series 2016A, 5% 7/1/2027
 
2,875,000
2,897,347
New Jersey Educational Facilities Authority (Stockton University Proj.) Series 2016A, 5% 7/1/2029
 
1,000,000
1,006,056
New Jersey Educational Facilities Authority (Stockton University Proj.) Series 2016A, 5% 7/1/2032
 
600,000
603,424
New Jersey Educational Facilities Authority (William Paterson College, NJ Proj.) 5% 7/1/2032 (Build America Mutual Assurance Co Insured)
 
3,335,000
3,361,092
New Jersey Institute of Technology/NJ 5% 7/1/2031
 
375,000
406,830
New Jersey Institute of Technology/NJ 5% 7/1/2032
 
375,000
405,708
New Jersey Institute of Technology/NJ 5% 7/1/2033
 
170,000
183,366
New Jersey Institute of Technology/NJ Series 2025A, 5.25% 7/1/2050 (Build America Mutual Assurance Co Insured)
 
1,500,000
1,629,898
New Jersey Institute of Technology/NJ Series 2025A, 5.25% 7/1/2055 (Build America Mutual Assurance Co Insured)
 
1,500,000
1,617,252
New Jersey St Edl Facs Auth Rev (Montclair State University Inc Proj.) Series 2024A, 5% 7/1/2026 (Assured Guaranty Inc Insured)
 
1,200,000
1,210,917
New Jersey St Edl Facs Auth Rev (Montclair State University Inc Proj.) Series 2024A, 5% 7/1/2027 (Assured Guaranty Inc Insured)
 
1,445,000
1,498,185
New Jersey St Edl Facs Auth Rev (Montclair State University Inc Proj.) Series 2024A, 5% 7/1/2044 (Assured Guaranty Inc Insured)
 
1,400,000
1,517,423
New Jersey St Edl Facs Auth Rev (Trustees of Princeton University/The Proj.) Series 2021C, 2% 3/1/2036
 
2,000,000
1,776,044
Passaic Cnty NJ Impt Auth Charter Sch Rev (Paterson Arts & Science Chtr Proj.) 4.25% 7/1/2033
 
515,000
532,955
Passaic Cnty NJ Impt Auth Charter Sch Rev (Paterson Arts & Science Chtr Proj.) 5.25% 7/1/2043
 
670,000
695,637
Passaic Cnty NJ Impt Auth Charter Sch Rev (Paterson Arts & Science Chtr Proj.) 5.375% 7/1/2053
 
1,000,000
1,017,478
Passaic Cnty NJ Impt Auth Charter Sch Rev (Paterson Arts & Science Chtr Proj.) 5.5% 7/1/2058
 
635,000
648,019
TOTAL EDUCATION
  
  
90,698,679
Electric Utilities - 0.8%
  
  
  
New Jersey Eda Wtr Facs Rev (New Jersey American Wtr Co Inc Proj.) 3.75% tender 11/1/2034 (d)(e)
  
5,000,000
5,083,918
NJ Econ Dev Auth (New Jersey Natural Gas Co Proj.) Series 2011 B, 3% 8/1/2043 (d)
  
510,000
422,495
NJ Econ Dev Auth (New Jersey Natural Gas Co Proj.) Series 2011 C, 3% 8/1/2041 (d)
  
385,000
340,367
TOTAL ELECTRIC UTILITIES
  
  
5,846,780
General Obligations - 39.5%
  
  
  
Audubon NJ Sch Dist Series 2022, 2.75% 8/15/2033 (Assured Guaranty Inc Insured)
 
1,160,000
1,150,393
Berkely Township NJ Gen. Oblig. 3.25% 8/15/2035
 
1,255,000
1,264,537
Brigantine NJ Gen. Oblig. 2% 9/15/2036
 
1,945,000
1,707,508
Caldwell NJ Gen. Oblig. Series 2022, 2.375% 1/15/2040 (Assured Guaranty Inc Insured)
 
520,000
428,229
County of Bergen NJ Gen. Oblig. Series 2021 ABC, 2% 6/1/2028
 
285,000
279,926
Englewood NJ Gen. Oblig. 2% 2/1/2029
 
560,000
545,095
Essex Cnty NJ Gen. Oblig. Series 2020, 2% 9/1/2031
 
995,000
945,740
Essex Cnty NJ Gen. Oblig. Series 2020, 2% 9/1/2032
 
2,760,000
2,587,880
Hanover Park NJ Regl High Sch Dist 3.5% 3/15/2031
 
1,120,000
1,155,878
Hillsborough Twp NJ Sch Dist 2% 7/15/2040
 
1,240,000
950,991
Howell Twp NJ Gen. Oblig. 2% 10/1/2031
 
1,000,000
938,973
Hudson Cnty NJ Gen. Oblig. Series 2020, 3% 11/15/2032
 
485,000
488,451
Hudson Cnty NJ Impt Auth Lease Rev (Hudson Cnty NJ Proj.) Gen. Oblig. 3% 10/1/2036
 
2,950,000
2,916,481
Jersey City NJ Gen. Oblig. Series 2022A, 3% 2/15/2037
 
1,000,000
969,112
Lyndhurst Twp NJ Gen. Oblig. Series 2021, 2% 3/1/2035
 
2,850,000
2,517,719
Mercer Cnty NJ Gen. Oblig. Series 2021, 0.05% 2/15/2031
 
1,250,000
1,054,392
Mercer Cnty NJ Gen. Oblig. Series 2021, 2.375% 2/15/2030
 
2,280,000
2,238,810
Millburn Twp NJ Brd Ed 1% 8/15/2027
 
1,430,000
1,394,484
Millburn Twp NJ Brd Ed 1% 8/15/2028
 
1,100,000
1,057,081
Monmouth Cnty NJ Impt Auth Rev Series 2021 A, 3% 3/1/2033 (County of Monmouth NJ Guaranteed)
 
385,000
391,988
Montclair Twp NJ Brd Ed 3.25% 1/15/2038 (Build America Mutual Assurance Co Insured)
 
1,825,000
1,799,985
Morris Cnty NJ Gen. Oblig. Series 2021, 2% 2/1/2029
 
1,085,000
1,059,636
New Jersey Economic Dev Auth Rev (New Jersey St Proj.) 4% 11/1/2044
 
1,255,000
1,240,856
New Jersey Economic Dev Auth Rev (New Jersey St Proj.) 4% 6/15/2046
 
1,250,000
1,202,524
New Jersey Economic Dev Auth Rev (New Jersey St Proj.) 4% 6/15/2050
 
1,000,000
924,476
New Jersey Economic Dev Auth Rev (New Jersey St Proj.) 5% 11/1/2035
 
5,000,000
5,398,011
New Jersey Economic Dev Auth Rev (New Jersey St Proj.) Series 2024 SSS, 5% 6/15/2033
 
1,725,000
2,015,255
New Jersey Economic Dev Auth Rev (New Jersey St Proj.) Series 2024 SSS, 5.25% 6/15/2037
 
1,570,000
1,846,729
New Jersey Economic Dev Auth Rev (New Jersey St Proj.) Series 2024 SSS, 5.25% 6/15/2038
 
3,000,000
3,509,999
New Jersey Economic Dev Auth Rev (New Jersey St Proj.) Series 2024 SSS, 5.25% 6/15/2039
 
3,000,000
3,472,115
New Jersey Eda St Lease Rev (New Jersey St Proj.) Series 2018 A, 5% 6/15/2031
 
2,555,000
2,674,286
New Jersey St 2% 6/1/2027
 
2,000,000
1,990,683
New Jersey St Gen. Oblig. 2% 6/1/2026
 
6,300,000
6,292,921
New Jersey St Gen. Oblig. 2% 6/1/2029
 
3,110,000
3,038,988
New Jersey St Gen. Oblig. 2.25% 6/1/2034
 
540,000
509,165
New Jersey St Gen. Oblig. 3% 6/1/2032
 
4,240,000
4,369,105
New Jersey Trans Trust Fund Auth 0% 12/15/2026 (b)
  
10,000,000
9,817,981
New Jersey Trans Trust Fund Auth 0% 12/15/2027 (b)
  
3,000,000
2,873,425
New Jersey Trans Trust Fund Auth 0% 12/15/2030 (b)
  
14,795,000
13,078,110
New Jersey Trans Trust Fund Auth 0% 12/15/2031 (b)
  
8,905,000
7,641,684
New Jersey Trans Trust Fund Auth 0% 12/15/2032 (b)
  
355,000
294,606
New Jersey Trans Trust Fund Auth 0% 12/15/2033 (b)
  
1,135,000
909,184
New Jersey Trans Trust Fund Auth 0% 12/15/2033 (Assured Guaranty Inc Insured) (b)
  
4,930,000
3,979,581
New Jersey Trans Trust Fund Auth 0% 12/15/2034 (b)
  
10,775,000
8,304,656
New Jersey Trans Trust Fund Auth 0% 12/15/2034 (b)
  
5,800,000
4,509,132
New Jersey Trans Trust Fund Auth 0% 12/15/2036 (b)
  
25,000,000
17,655,866
New Jersey Trans Trust Fund Auth 0% 12/15/2038 (b)
  
13,900,000
8,873,784
New Jersey Trans Trust Fund Auth 0% 12/15/2038 (b)
  
250,000
159,600
New Jersey Trans Trust Fund Auth 3% 6/15/2050
 
7,500,000
5,723,667
New Jersey Trans Trust Fund Auth 4% 6/15/2050
 
4,300,000
3,999,262
New Jersey Trans Trust Fund Auth 5% 12/15/2033
 
2,850,000
3,110,190
New Jersey Trans Trust Fund Auth 5% 6/15/2037
 
10,000,000
11,604,207
New Jersey Trans Trust Fund Auth 5% 6/15/2050
 
11,190,000
11,702,491
New Jersey Trans Trust Fund Auth 5.25% 6/15/2050
 
15,000,000
15,959,355
New Jersey Trans Trust Fund Auth 5.25% 6/15/2050
 
14,595,000
15,478,638
New Jersey Trans Trust Fund Auth 5.25% 6/15/2055
 
8,335,000
8,824,049
New Jersey Trans Trust Fund Auth Series 2009A, 0% 12/15/2032 (b)
  
1,925,000
1,608,243
New Jersey Trans Trust Fund Auth Series 2019 BB, 4% 6/15/2038
 
1,035,000
1,051,767
New Jersey Trans Trust Fund Auth Series 2020 AA, 5% 6/15/2050
 
780,000
799,786
New Jersey Trans Trust Fund Auth Series 2022 A, 4% 6/15/2042
 
750,000
758,038
New Jersey Trans Trust Fund Auth Series 2022AA, 5% 6/15/2038
 
6,440,000
7,155,361
Newark NJ Bd of Ed Bd 4% 7/15/2036 (Build America Mutual Assurance Co Insured)
 
775,000
813,070
Newark NJ Bd of Ed Bd 4% 7/15/2037 (Build America Mutual Assurance Co Insured)
 
725,000
755,659
Newark NJ Bd of Ed Bd 5% 7/15/2028 (Build America Mutual Assurance Co Insured)
 
300,000
318,183
Newark NJ Bd of Ed Bd 5% 7/15/2029 (Build America Mutual Assurance Co Insured)
 
300,000
325,540
Newark NJ Bd of Ed Bd 5% 7/15/2030 (Build America Mutual Assurance Co Insured)
 
300,000
332,403
Newark NJ Bd of Ed Bd 5% 7/15/2031 (Build America Mutual Assurance Co Insured)
 
375,000
423,233
Newark NJ Bd of Ed Bd 5% 7/15/2032 (Build America Mutual Assurance Co Insured)
 
400,000
451,776
Newark NJ Bd of Ed Bd 5% 7/15/2033 (Build America Mutual Assurance Co Insured)
 
500,000
561,304
Newark NJ Gen. Oblig. Series 2025A, 5% 7/15/2026
 
1,745,000
1,760,434
Newark NJ Gen. Oblig. Series 2025A, 5% 7/15/2027
 
2,200,000
2,272,444
Newark NJ Gen. Oblig. Series 2025A, 5% 7/15/2028
 
1,600,000
1,690,144
Newark NJ Gen. Oblig. Series 2025A, 5% 7/15/2029
 
1,100,000
1,186,971
Ocean City NJ Gen. Oblig. Series 2019, 2.25% 9/15/2032
 
455,000
432,072
Ocean City NJ Gen. Oblig. Series 2019, 2.25% 9/15/2033
 
1,170,000
1,098,941
Passaic Cnty NJ Gen. Oblig. 2% 11/1/2033
 
685,000
632,441
Passaic Cnty NJ Gen. Oblig. 2% 11/1/2034
 
1,840,000
1,663,482
Passaic Cnty NJ Gen. Oblig. 2% 11/1/2036
 
1,230,000
1,064,213
Piscataway Twp NJ Gen. Oblig. 2% 10/15/2034
 
1,485,000
1,336,939
Princeton NJ Gen. Oblig. 2.5% 9/15/2032
 
835,000
822,362
Rahway NJ Sch Dist 2.125% 7/15/2032
 
2,400,000
2,260,481
Rahway NJ Sch Dist 2.125% 7/15/2037 (Build America Mutual Assurance Co Insured)
 
1,110,000
933,004
Rahway NJ Sch Dist 2.125% 7/15/2038 (Build America Mutual Assurance Co Insured)
 
1,400,000
1,143,593
River Vale Township School District 2% 6/15/2030
 
1,020,000
979,883
Rumson Boro School District 2% 7/15/2034
 
680,000
618,237
Rumson Boro School District 2% 7/15/2035
 
865,000
771,563
Rumson Boro School District 2% 7/15/2036
 
1,185,000
1,033,211
Rutherford NJ Brd Ed Series 2019, 2.75% 12/15/2036
 
1,195,000
1,102,151
Sayreville NJ Gen. Oblig. Series 2021, 2% 11/1/2033
 
1,925,000
1,763,340
Sayreville NJ Gen. Oblig. Series 2021, 2% 11/1/2034
 
1,935,000
1,739,987
South Jersey Port Corp NJ Rev (New Jersey St Proj.) Series 2017B, 5% 1/1/2029 (d)
  
955,000
993,863
South Jersey Port Corp NJ Rev (New Jersey St Proj.) Series 2017B, 5% 1/1/2031 (d)
  
1,950,000
2,026,495
South Jersey Port Corp NJ Rev (New Jersey St Proj.) Series 2017B, 5% 1/1/2033 (d)
  
750,000
776,644
South Jersey Port Corp NJ Rev (New Jersey St Proj.) Series 2017B, 5% 1/1/2035 (d)
  
2,000,000
2,065,109
Washington Twp NJ Ban Gen. Oblig. 2% 5/15/2033
 
1,000,000
922,924
Washington Twp NJ Brd Ed Series 2023, 3.125% 8/15/2035
 
1,515,000
1,526,234
West Windsor Plains NJ Reg Sch 2.25% 8/1/2034
 
3,635,000
3,400,277
TOTAL GENERAL OBLIGATIONS
  
  
274,199,672
Health Care - 4.9%
  
  
  
New Jersey Econom Dev Auth Rev (Black Horse EHT Urban Renewal LLC Proj.) Series 2019 A, 5% (c)
  
1,250,000
975,792
New Jersey Economic Dev Auth Rev (White Horse HMT Urban Renewal LLC Proj.) 5% (c)
  
983,042
696,706
New Jersey Health Care (AHS Hospital Corp Proj.) 5% 7/1/2031
 
400,000
409,288
New Jersey Health Care (Atlanticare Regional Med Ctr Proj.) 3% 7/1/2046
 
7,140,000
5,760,167
New Jersey Health Care (Atlanticare Regional Med Ctr Proj.) 4% 7/1/2035
 
750,000
790,630
New Jersey Health Care (Atlanticare Regional Med Ctr Proj.) 4% 7/1/2037
 
700,000
729,389
New Jersey Health Care (Atlanticare Regional Med Ctr Proj.) 5% 7/1/2033
 
1,420,000
1,576,254
New Jersey Health Care (Atlanticare Regional Med Ctr Proj.) 5% 7/1/2034
 
1,250,000
1,383,379
New Jersey Health Care (Hunterdon Medical Center Proj.) 4% 7/1/2045
 
1,425,000
1,372,099
New Jersey Health Care (Inspira Health Proj.) Series 2024A, 4.125% 7/1/2054
 
6,000,000
5,521,745
New Jersey Health Care (Rwj Barnabas Health Proj.) Series 2024A, 5% 7/1/2027
 
735,000
761,069
New Jersey Health Care (Rwj Barnabas Health Proj.) Series 2024A, 5% 7/1/2028
 
1,000,000
1,063,244
New Jersey Health Care (Rwj Barnabas Health Proj.) Series 2024A, 5% 7/1/2029
 
455,000
495,661
New Jersey Health Care (St Joseph Hosp & Med Ctr, NJ Proj.) Series 2016, 4% 7/1/2048
 
425,000
370,807
New Jersey Health Care (St Joseph Hosp & Med Ctr, NJ Proj.) Series 2016, 5% 7/1/2026
 
800,000
804,082
New Jersey Health Care (Univ of Penn Health Systems Proj.) Series 2016A, 5% 7/1/2027
 
100,000
100,891
New Jersey Health Care (Valley Hospital Proj.) Series 2019, 3% 7/1/2049
 
10,405,000
8,221,349
New Jersey Health Care (Valley Hospital Proj.) Series 2019, 5% 7/1/2034
 
960,000
1,028,291
New Jersey Health Care (Virtua Health Proj.) 0.3% 7/1/2043, LOC JPMorgan Chase Bank NA VRDN (e)
  
2,575,000
2,575,000
TOTAL HEALTH CARE
  
  
34,635,843
Housing - 4.1%
  
  
  
New Jersey St Hsg & Mtg Fin Agy Rev (NJ Single Family Mortgage Proj.) Series 2020 E, 1.75% 4/1/2030
 
900,000
854,202
New Jersey St Hsg & Mtg Fin Agy Rev (NJ Single Family Mortgage Proj.) Series 2021 H, 5% 10/1/2028
 
480,000
509,824
New Jersey St Hsg & Mtg Fin Agy Rev (NJ Single Family Mortgage Proj.) Series 2021 H, 5% 4/1/2028
 
300,000
315,107
New Jersey St Hsg & Mtg Fin Agy Rev (NJ Single Family Mortgage Proj.) Series 2021 H, 5% 4/1/2029
 
500,000
535,485
New Jersey St Hsg & Mtg Fin Agy Rev (NJ Single Family Mortgage Proj.) Series 2022 I, 5% 10/1/2053
 
2,700,000
2,821,457
New Jersey St Hsg & Mtg Fin Agy Rev (NJ Single Family Mortgage Proj.) Series 2025 M, 6.5% 4/1/2056
 
3,000,000
3,422,681
NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2023 C, 5% 11/1/2028 (d)
  
1,875,000
1,955,583
NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2023 C, 5% 11/1/2029 (d)
  
1,950,000
2,056,095
NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2023 C, 5% 11/1/2030 (d)
  
2,045,000
2,171,963
NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2023 C, 5% 5/1/2029 (d)
  
1,885,000
1,977,517
NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2023 C, 5% 5/1/2030 (d)
  
2,000,000
2,117,688
NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2024 D 1, 2.95% 11/1/2027
 
625,000
626,664
NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2024 D 1, 2.95% 5/1/2027
 
580,000
580,738
NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2024 D 1, 3% 11/1/2028
 
790,000
793,007
NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2024 D 1, 3% 5/1/2028
 
765,000
767,829
NJ Hsg & Mtg Fin Agy Multi Fam Rev Series 2024 D 2, 2.9% 11/1/2027
 
3,750,000
3,759,998
NJ Hsg & Mtg Fin Agy Multi Fam Rev Series 2024 D 2, 2.95% 5/1/2028
 
3,150,000
3,161,656
TOTAL HOUSING
  
  
28,427,494
Special Tax - 1.8%
  
  
  
Casino Reinvestment Development Authority NJ Luxury Tax Rev Series 2024A, 4% 11/1/2044 (Assured Guaranty Inc Insured)
 
3,000,000
2,939,711
Casino Reinvestment Development Authority NJ Luxury Tax Rev Series 2024A, 5% 11/1/2027 (Assured Guaranty Inc Insured)
 
750,000
780,663
Casino Reinvestment Development Authority NJ Luxury Tax Rev Series 2024A, 5% 11/1/2028 (Assured Guaranty Inc Insured)
 
1,000,000
1,064,789
Casino Reinvestment Development Authority NJ Luxury Tax Rev Series 2024B, 5% 11/1/2027 (Assured Guaranty Inc Insured)
 
300,000
312,264
Casino Reinvestment Development Authority NJ Luxury Tax Rev Series 2024B, 5% 11/1/2028 (Assured Guaranty Inc Insured)
 
350,000
372,676
Casino Reinvestment Development Authority NJ Luxury Tax Rev Series 2024B, 5% 11/1/2037 (Assured Guaranty Inc Insured)
 
750,000
852,450
Casino Reinvestment Development Authority NJ Luxury Tax Rev Series 2024B, 5% 11/1/2044 (Assured Guaranty Inc Insured)
 
900,000
957,473
NJ Eda Motor Vehicle Series 2017A, 3.125% 7/1/2029
 
1,335,000
1,338,948
NJ Eda Motor Vehicle Series 2017A, 3.375% 7/1/2030
 
3,705,000
3,710,520
TOTAL SPECIAL TAX
  
  
12,329,494
Tobacco Bonds - 1.2%
  
  
  
Tobacco Settlement Fin Corp NJ 5% 6/1/2027
 
1,000,000
1,029,699
Tobacco Settlement Fin Corp NJ 5% 6/1/2028
 
2,000,000
2,105,295
Tobacco Settlement Fin Corp NJ Series 2018B, 5% 6/1/2046
 
5,250,000
5,193,973
TOTAL TOBACCO BONDS
  
  
8,328,967
Transportation - 8.2%
  
  
  
New Jersey Econom Dev Auth Rev (Nynj Link Borrower LLC Proj.) Series 2013, 5.125% 1/1/2034 (d)
  
1,500,000
1,503,116
New Jersey Trans Trust Fund Auth (New Jersey St Grant Anticipati Proj.) Series 2016 A 1, 5% 6/15/2029
 
750,000
755,608
New Jersey Turnpike Authority 5% 1/1/2034 (f)
  
4,500,000
5,121,585
New Jersey Turnpike Authority 5% 1/1/2035 (f)
  
2,420,000
2,771,446
New Jersey Turnpike Authority Series 2024 B, 5.25% 1/1/2049
 
5,000,000
5,371,747
New Jersey Turnpike Authority Series 2024 C, 5% 1/1/2044
 
6,035,000
6,593,613
New Jersey Turnpike Authority Series 2024 C, 5% 1/1/2045
 
5,385,000
5,830,199
New Jersey Turnpike Authority Series 2025A, 5.25% 1/1/2050
 
5,000,000
5,419,863
New Jersy Ec Dv Ath Spl Fac Rv (Port Newark Container Term LLC Proj.) 5% 10/1/2037 (d)
  
1,955,000
1,993,552
South Jersey Trans Auth NJ Trans Sys Rev 5% 11/1/2028 (Assured Guaranty Inc Insured)
 
200,000
215,145
South Jersey Trans Auth NJ Trans Sys Rev 5% 11/1/2031 (Assured Guaranty Inc Insured)
 
1,500,000
1,648,048
South Jersey Trans Auth NJ Trans Sys Rev 5% 11/1/2032 (Assured Guaranty Inc Insured)
 
1,230,000
1,346,818
South Jersey Trans Auth NJ Trans Sys Rev 5% 11/1/2033 (Assured Guaranty Inc Insured)
 
750,000
818,879
South Jersey Trans Auth NJ Trans Sys Rev 5% 11/1/2045
 
7,000,000
7,281,471
South Jersey Trans Auth NJ Trans Sys Rev 5% 11/1/2045 (Build America Mutual Assurance Co Insured)
 
2,000,000
2,096,883
South Jersey Trans Auth NJ Trans Sys Rev Series 2025A, 4% 11/1/2038 (Build America Mutual Assurance Co Insured)
 
2,000,000
2,094,808
South Jersey Trans Auth NJ Trans Sys Rev Series 2025A, 4% 11/1/2039 (Build America Mutual Assurance Co Insured)
 
2,000,000
2,077,894
South Jersey Trans Auth NJ Trans Sys Rev Series 2025A, 5% 11/1/2036 (Build America Mutual Assurance Co Insured)
 
1,000,000
1,173,629
South Jersey Trans Auth NJ Trans Sys Rev Series 2025A, 5% 11/1/2037 (Build America Mutual Assurance Co Insured)
 
750,000
872,213
South Jersey Trans Auth NJ Trans Sys Rev Series 2025A, 5% 11/1/2038 (Build America Mutual Assurance Co Insured)
 
1,000,000
1,153,683
South Jersey Trans Auth NJ Trans Sys Rev Series 2025A, 5% 11/1/2039 (Build America Mutual Assurance Co Insured)
 
1,000,000
1,143,758
TOTAL TRANSPORTATION
  
  
57,283,958
Water & Sewer - 0.4%
  
  
  
New Jersey Eda Wtr Facs Rev (Middlesex Water Co Proj.) Series 2019, 4% 8/1/2059 (d)
  
1,000,000
875,663
New Jersey Eda Wtr Facs Rev (Middlesex Water Co Proj.) Series 2019, 5% 8/1/2059 (d)
  
1,000,000
1,015,441
Rahway Vy NJ Sew Auth Swr Rev 0% 9/1/2035 (National Public Finance Guarantee Corporation Insured) (b)
  
1,375,000
1,016,759
TOTAL WATER & SEWER
  
  
2,907,863
TOTAL NEW JERSEY
  
  
514,658,750
New Jersey,New York - 14.3%
 
  
  
Transportation - 14.3%
  
  
  
Port Auth NY & NJ 4% 7/15/2037 (d)
  
1,000,000
1,018,013
Port Auth NY & NJ 4% 7/15/2045 (d)
  
1,500,000
1,453,472
Port Auth NY & NJ 4% 7/15/2050 (d)
  
1,215,000
1,119,107
Port Auth NY & NJ 5% 1/15/2047 (d)
  
6,000,000
6,172,833
Port Auth NY & NJ 5% 10/15/2033 (d)
  
9,195,000
10,595,307
Port Auth NY & NJ 5% 7/15/2035 (d)
  
2,500,000
2,690,934
Port Auth NY & NJ 5% 9/15/2028 (d)
  
4,000,000
4,183,522
Port Auth NY & NJ 5% 9/15/2029 (d)
  
1,750,000
1,830,427
Port Auth NY & NJ 5% 9/15/2034 (d)
  
5,000,000
5,209,221
Port Auth NY & NJ Series 197, 5% 11/15/2032 (d)
  
5,000,000
5,075,194
Port Auth NY & NJ Series 214, 5% 9/1/2030 (d)
  
250,000
269,578
Port Auth NY & NJ Series 214, 5% 9/1/2036 (d)
  
6,785,000
7,200,961
Port Auth NY & NJ Series 218, 5% 11/1/2044 (d)
  
1,420,000
1,473,243
Port Auth NY & NJ Series 223, 4% 7/15/2034 (d)
  
2,000,000
2,091,906
Port Auth NY & NJ Series 223, 4% 7/15/2035 (d)
  
2,250,000
2,338,199
Port Auth NY & NJ Series 223, 4% 7/15/2036 (d)
  
1,350,000
1,391,077
Port Auth NY & NJ Series 223, 4% 7/15/2037 (d)
  
2,750,000
2,809,860
Port Auth NY & NJ Series 223, 4% 7/15/2038 (d)
  
6,000,000
6,098,276
Port Auth NY & NJ Series 223, 4% 7/15/2039 (d)
  
4,000,000
4,040,474
Port Auth NY & NJ Series 223, 5% 7/15/2056 (d)
  
3,500,000
3,612,632
Port Auth NY & NJ Series 227, 2% 10/1/2031 (d)
  
2,685,000
2,481,199
Port Auth NY & NJ Series 227, 2% 10/1/2033 (d)
  
770,000
687,905
Port Auth NY & NJ Series 238, 5% 7/15/2035 (d)
  
3,525,000
3,997,926
Port Auth NY & NJ Series 238, 5% 7/15/2036 (d)
  
3,430,000
3,861,199
Port Auth NY & NJ Series 238, 5% 7/15/2037 (d)
  
1,765,000
1,968,489
Port Auth NY & NJ Series 238, 5% 7/15/2038 (d)
  
3,235,000
3,582,494
Port Auth NY & NJ Series 238, 5% 7/15/2039 (d)
  
1,685,000
1,854,142
Port Auth NY & NJ Series 246, 5% 9/1/2033 (d)
  
7,975,000
9,177,277
Port Auth NY & NJ Series 246, 5% 9/1/2041 (d)
  
1,400,000
1,546,204
TOTAL NEW JERSEY,NEW YORK
  
  
99,831,071
New Jersey,Pennsylvania - 2.5%
 
  
  
Transportation - 2.5%
  
  
  
Delaware Riv Port Auth PA & NJ 5% 1/1/2037
 
1,200,000
1,272,187
Delaware Riv Port Auth PA & NJ Series 2025, 5% 1/1/2038
 
3,170,000
3,667,839
Delaware Riv Port Auth PA & NJ Series 2025, 5% 1/1/2039
 
5,250,000
6,036,453
Delaware Riv Port Auth PA & NJ Series 2025, 5% 1/1/2040
 
4,750,000
5,413,837
Delaware Rvr Jt Toll Brg PA NJ Series 2019 A, 5% 7/1/2044
 
700,000
730,728
TOTAL NEW JERSEY,PENNSYLVANIA
  
  
17,121,044
Puerto Rico - 1.0%
 
  
  
General Obligations - 0.5%
  
  
  
Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 0% 7/1/2033 (b)
  
1,552,650
1,147,844
Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 5.625% 7/1/2029
 
545,000
582,140
Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 5.75% 7/1/2031
 
1,300,000
1,443,794
TOTAL GENERAL OBLIGATIONS
  
  
3,173,778
Health Care - 0.3%
  
  
  
Puerto Rico Indl Tourist Edl Med & Environmental Ctl Facs Fing Auth Hosp Rev (Hosp Auxilio Mutou Oblig Grp Proj.) Series 2021, 4% 7/1/2041
 
195,000
182,065
Puerto Rico Indl Tourist Edl Med & Environmental Ctl Facs Fing Auth Hosp Rev (Hosp Auxilio Mutou Oblig Grp Proj.) Series 2021, 5% 7/1/2030
 
860,000
925,492
Puerto Rico Indl Tourist Edl Med & Environmental Ctl Facs Fing Auth Hosp Rev (Hosp Auxilio Mutou Oblig Grp Proj.) Series 2021, 5% 7/1/2032
 
125,000
135,473
Puerto Rico Indl Tourist Edl Med & Environmental Ctl Facs Fing Auth Hosp Rev (Hosp Auxilio Mutou Oblig Grp Proj.) Series 2021, 5% 7/1/2034
 
110,000
118,018
Puerto Rico Indl Tourist Edl Med & Environmental Ctl Facs Fing Auth Hosp Rev (Hosp Auxilio Mutou Oblig Grp Proj.) Series 2021, 5% 7/1/2035
 
480,000
512,593
TOTAL HEALTH CARE
  
  
1,873,641
Special Tax - 0.2%
  
  
  
Puerto Rico Sales Tax Fing Corp Sales Tax Rev Series A 1, 0% 7/1/2031 (b)
  
1,465,000
1,231,304
Water & Sewer - 0.0%
  
  
  
Puerto Rico Comwlth Aqueduct & Swr Auth Rev Series 2021 B, 5% 7/1/2037 (c)
  
645,000
673,138
TOTAL PUERTO RICO
  
  
6,951,861
Virgin Islands - 0.4%
 
  
  
Transportation - 0.4%
  
  
  
Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2033
 
1,055,000
1,201,711
Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2037
 
1,645,000
1,885,298
TOTAL VIRGIN ISLANDS
  
  
3,087,009
 
TOTAL MUNICIPAL SECURITIES
 (Cost $631,670,007)
  
  
  
653,341,797
 
  
  
  
Money Market Funds - 6.4%
 
  
Yield (%)
Shares
Value ($)
 
Fidelity Municipal Cash Central Fund (g)(h)
 (Cost $44,951,580)
  
1.91
44,942,591
44,951,580
 
  
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 100.2%
 (Cost $676,621,587)
 
  
 
698,293,377
NET OTHER ASSETS (LIABILITIES) - (0.2)%  
(1,689,912)
NET ASSETS - 100.0%
696,603,465
 
  
Security Type Abbreviations
VRDN
-
VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly)
 
Legend
 
(a)
Amount is stated in United States dollars unless otherwise noted.
 
(b)
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 $2,345,636 or 0.3% of net assets.
 
(d)
Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.
 
(e)
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
 
(f)
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
 
(g)
Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Central Fund.
 
(h)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
 
 
 
 
 
Affiliated Central Funds
 
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
  
 
Shares,
end
of period
% ownership,
end
of period
Fidelity Municipal Cash Central Fund
17,043,645
52,346,477
24,438,542
210,349
-
-
44,951,580
44,942,591
1.0%
Total
17,043,645
52,346,477
24,438,542
210,349
-
-
44,951,580
  
  
 
  
  
  
  
  
  
  
  
  
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - Unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
 
Valuation techniques used to value investments by major category are as follows:
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Municipal Securities are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
 
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
 
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
 
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