SEC Info - Fidelity Municipal Trust - ‘NSAR-B’ for 12/31/01

Report

Registrant: Fidelity Municipal Trust — List all N-SARs

Annual Report for the 2nd-half period ended at fiscal year end: 12/31/01

Were there any Answer File errors in the Filing? None FoundNone Found by SEC InfoNot Checked by the FilerOne or more Found by SEC Info

Was the Answer File completed by the Registrant? Yes

Is this an Amendment to a previous Report? No

Is this a change to a previous Report? No

Registrant

1.

SEC CIK: 35373

SEC File #: 811-02720

Telephone #: 603-791-7578

2.

Address: 82 Devonshire Street

Boston, MA 02109

3.

Is this the first Form N-SAR filed by the Registrant? No

4.

Is this the final Form N-SAR filed by the Registrant? No

Funds/Series

↑Top of Form N-SAR

7.

Is the Registrant a Funds/Series (multiple portfolios) company? Yes

The number of separate Funds/Series (portfolios) at period end: 6

↓

Series 4: Spartan Michigan Municipal Income Fund — N-SARs

↓

Series 5: Spartan Minnesota Municpal Income Fund — N-SARs

↓

Series 10: Spartan Municipal Income — N-SARs

↓

Series 6: Spartan Ohio Municipal Income Fund — N-SARs

↓

Series 9: Spartan Pennsylvania Municipal Income Fund — N-SARs

↓

Series 11: Spartan Short-Intermediate Municipal Income — N-SARs

Family of Investment Companies

19.

Is the Registrant/Series part of a “family” of investment companies? Yes

Total number of registered management investment companies, Series
and portfolios (excluding any Unit Investment Trusts) in the family: 264

The Identification Code of the family for Form N-SAR Filings: FIDELITYZZ

Investment Company Type

27.

Is the Registrant an “open-end” investment company? Yes, Open-End

Additional Disclosures

77.

Did the Registrant file any additional Exhibits with the filing of this
Report (listed here and filed either herewith — as one of the ‘EX-99.*’
↑Exhibits in this Filing — or separately and incorporated by reference)? Yes

EX-99.77B: Accountant’s Report re: Internal Controls? Yes

EX-99.77C: Matters Submitted to a Vote of Security Holders? Yes

EX-99.77L: Change in Accounting Principles or Practices? Yes

EX-99.77Q1: Other Disclosure? Yes

Subsidiaries

78.

Does the Registrant have any wholly-owned investment company
subsidiaries whose operating and financial data are consolidated with
that of the Registrant in this Report? No

All Series

↑List of 6 Funds/Series Reported Here

All:

Investment Adviser

8.1

Name: Fidelity Management & Research Co. (FMR)

Role: Adviser

SEC File #: 801-07884

Location: Boston, MA

8.2

Name: Fidelity Investments Money Management, Inc.

Role: Sub-Adviser

SEC File #: 801-34590

Location: Merrimack, NH

8.3

Name: (See a prior Form N-SAR for who was...) Deleted

All:

Principal Underwriter

11.1

Name: Fidelity Distributors Corp.

SEC File #: 008-08775

Location: Boston, MA

All:

Shareholder Servicing/Transfer Agent

12.1

Name: Citibank N.A.

Location: New York, NY

12.2

Name: Fidelity Service Co., Inc.

SEC File #: 084-05679

Location: Boston, MA

All:

Independent Public Accountant

13.1

Name: Pricewaterhousecoopers LLP

Location: Boston, MA

All:

Affiliated Broker/Dealer

14.1

Name: Fidelity Brokerage Services

14.2

Name: Fidelity Distributors Corp.

SEC File #: 008-08775

14.3

Name: National Financial Services LLC

SEC File #: 008-26740

14.4

Name: Fidelity Brokerage Services LLC

SEC File #: 008-23292

14.5

Name: Fidelity Investments Canada Ltd.

14.6

Name: Fidelity Securities Ltd.

14.7

Name: FMR U.K. Holdings Ltd.

14.8

Name: Fidelity Brokerage Services Japan LLC

14.9

Name: Redibook Ecn LLC

All:

Custodian

15.1

Name: Citibank, N.A.

Role: Custodian

Location: New York, NY

Type of custody: Section 17(f)(1) — Bank

18.

Does the Registrant’s/Series’ Custodian(s) maintain some or all of the
Registrant’s/Series’ securities in a central depository or book-entry
system pursuant to Rule 17f-4? Yes

All:

Portfolio Transactions with Entities Acting as Principals

22.

The entities acting as principals with whom the Registrant did the
largest amount of portfolio transactions, based on total value of
principal, during the period:

22.1

Entity: Morgan Stanley & Co., Inc.

IRS #: 13-2655998

Registrant’s purchases ($000s): 849,130

Registrant’s sales ($000s): 100,569

22.2

Entity: Lehman Brothers, Inc.

IRS #: 13-2518466

Registrant’s purchases ($000s): 617,952

Registrant’s sales ($000s): 56,753

22.3

Entity: Goldman Sachs & Co., Inc.

IRS #: 13-5100880

Registrant’s purchases ($000s): 539,570

Registrant’s sales ($000s): 95,510

22.4

Entity: Salomon Smith Barney, Inc.

IRS #: 13-2418191

Registrant’s purchases ($000s): 406,891

Registrant’s sales ($000s): 158,348

22.5

Entity: Paine Webber, Inc.

IRS #: 13-2638166

Registrant’s purchases ($000s): 235,445

Registrant’s sales ($000s): 190,412

22.6

Entity: Merrill Lynch, Inc.

IRS #: 13-5674085

Registrant’s purchases ($000s): 191,861

Registrant’s sales ($000s): 125,262

22.7

Entity: JP Morgan Securities, Inc.

IRS #: 13-3224016

Registrant’s purchases ($000s): 184,496

Registrant’s sales ($000s): 82,123

22.8

Entity: Bear Sterns & Co., Inc.

IRS #: 13-2625874

Registrant’s purchases ($000s): 111,687

Registrant’s sales ($000s): 112,730

22.9

Entity: Central Fund Municipal Broker

IRS #: 04-3333397

Registrant’s purchases ($000s): 110,952

Registrant’s sales ($000s): 110,852

22.10

Entity: First Albany Corp.

IRS #: 14-1391446

Registrant’s purchases ($000s): 58,559

Registrant’s sales ($000s): 74,456

23.

Total purchase/sale transactions by the Registrant during the period:
Aggregate purchases ($000s): 4,119,952

Aggregate sales ($000s): 1,920,980

All:

Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers

24.

At period end, did the Registrant/Series hold any securities of the
Registrant’s/Series’ regular brokers or dealers, or of the parents of
such brokers or dealers, that derive more than 15% of gross revenue from
securities-related activities? No

All:

Considerations which Affected the Participation of Brokers or Dealers

26.

Considerations which affected the participation of brokers or dealers or
other entities in commissions or other compensation paid on portfolio
transactions of the Registrant:

Consideration?

Sales of the Registrant’s/Series’ shares ............................... Yes

Receipt of investment research and statistical info .................... Yes

Receipt of quotations for portfolio valuations ......................... No

Ability to execute portfolio transactions to obtain the best price
and execution ........................................................ Yes

Receipt of telephone line and wire services ............................ No

Broker or Dealer which is an affiliated person ......................... Yes

An arrangement to return or credit part or all of commissions or
profits thereon...
To an Investment Adviser or Principal Underwriter, or to an
affiliated person of either ...................................... Yes

To the Registrant .................................................. Yes

Other .................................................................. Yes

All:

Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)

29.

Was a front-end sales load deducted from any share sales during the
period? No

34.

Did the Registrant/Series impose a deferred or contingent deferred sales
load during the period? No

All:

Advisory Fee

45.

Did the Registrant/Series have an advisory contract during the period? Yes

46.

Did the Registrant/Series pay more than one Investment Adviser directly
for investment advice during the period? No

47.

Was the Registrant’s/Series’ advisory fee based solely on a percentage
of its assets? No

54.

Indicated below are whether services were supplied or paid for wholly or
in substantial part by Investment Adviser(s) or Administrator(s) in
connection with the advisory or administrative contract(s) but for which
the Adviser(s) or Administrator(s) are not reimbursed by the Registrant:

Provided to the Registrant?
Occupancy and office rental ............................................ Yes

Clerical and bookkeeping services ...................................... Yes

Accounting services .................................................... No

Services of independent auditors ....................................... No

Services of outside counsel ............................................ No

Registration and filing fees ........................................... No

Stationery, supplies and printing ...................................... Yes

Salaries & compensation of Registrant’s interested Directors ........... Yes

Salaries & compensation of Registrant’s disinterested Directors ........ No

Salaries & compensation of Registrant’s Officers who aren’t Directors .. Yes

Reports to current shareholders ........................................ No

Determination of offering and redemption prices ........................ No

Trading department ..................................................... Yes

Prospectus preparation and printing for current shareholders ........... No

Other .................................................................. Yes

All:

Miscellaneous Info

55.

Did the Registrant/Series have any of the following outstanding at any
time during the period which exceeded 1% of aggregate net assets:

Overdrafts? No

Bank loans? No

56.

During the period, did the Registrant’s/Series’ Investment Adviser(s)
have advisory clients other than investment companies? Yes

57.

Did the Registrant/Series adjust the number of its shares outstanding by
means of a stock split or stock dividend? No

All:

Classification and Asset Allocation

66.

Is the Registrant/Series a Fund that usually invests in equity
securities, options & futures on equity securities, indices of equity
securities or securities convertible into equity securities? No

67.

Is the Registrant/Series a “balanced” Fund? No

68.

Does the Registrant/Series have more than 50% of its net assets at
period end invested in the securities of issuers...
Engaged primarily in production or distribution of precious metals? No

Located primarily in countries other than the United States? No

69.

Is the Registrant/Series an index Fund? No

All:

Fidelity Bond in Effect at Fiscal Year End

80.

Insurer: American Int’L. Specialty Lines Insurance Co.

2nd Insurer: Federal Insurance Co.

Aggregate face amount of coverage for the Registrant/Series on all bonds
on which it is named as an insured ($000s): 220,000

81.

Is the bond part of a joint fidelity bond(s) shared with other
investment companies or other entities? Yes

How many other investment companies or other entities are covered by the
bond (counting each Fund/Series as a separate investment company): 258

82.

Does the mandatory coverage of the fidelity bond have a deductible? Yes

The amount of the deductible ($000s): 400

83.

Were any claims with respect to this Registrant/Series filed under the
bond during the period? No

84.

Were any losses incurred with respect to this Registrant/Series that
could have been filed as a claim under the fidelity bond but were not? No

85.

Are the Registrant’s/Series’ Officers and Directors covered as Officers
and Directors of the Registrant/Series under any errors and omissions
insurance policy owned by the Registrant/Series or anyone else? Yes

Were any claims filed under such policy during the period with respect
to the Registrant/Series? No

Series 4

↑Information Common to All Funds/Series ↑List of 6 Funds/Series

7.

Name: Spartan Michigan Municipal Income Fund — N-SARs

Is this the final Form N-SAR filed for this Fund/Series? No

S 4:

Sales and Repurchases

28.

Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:

1st Month of period: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................

9,535

Reinvestment of dividends and distributions ................

1,330

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

3,848

2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

15,072

Reinvestment of dividends and distributions ................

1,351

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

4,527

3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

10,402

Reinvestment of dividends and distributions ................

1,318

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

5,787

4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

9,303

Reinvestment of dividends and distributions ................

1,375

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

4,578

5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

9,943

Reinvestment of dividends and distributions ................

1,345

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

6,642

6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

8,512

Reinvestment of dividends and distributions ................

1,394

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

17,582

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................

62,767

Reinvestment of dividends and distributions ................

8,113

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

42,964

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 0

S 4:

Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)

37.

Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period? Yes

38.

Total amount of redemption fees other than deferred or contingent
deferred sales loads collected from redemptions and repurchases of the
Registrant’s/Series’ shares during the period ($000s): 14

39.

Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period? No

S 4:

Payment Plan for the Distribution of Fund Shares

40.

During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1? Yes

41.

During the period, did the Registrant/Series use its assets directly to
make payments under the 12b-1 plan? No

44.

If an Investment Adviser or other affiliated person of the
Registrant/Series made unreimbursed payments pursuant to the 12b-1 plan,
the total amount of such payments ($000s): 0

S 4:

Advisory Fee

49.

Was the Registrant’s/Series’ advisory fee during the period based solely
on a percentage of its income? No

50.

Was the Registrant’s/Series’ advisory fee during the period based on
some combined percentage of its income and assets? No

51.

Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on its investment performance? No

52.

Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on the assets, income or performance of other
Registrants? Yes

53.

Were the expenses of the Registrant/Series limited or reduced at any
time during the period by some agreement or understanding other than by
Blue Sky Laws? Yes

Was the limitation that applied during the period based on...
Assets? Yes

Income? No

S 4:

Classification and Asset Allocation

58.

Is the Registrant/Series a Separate Account of an insurance company? No

59.

Is the Registrant/Series a management investment company? Yes

60.

Was the Registrant/Series a diversified investment company at any time
during the period? No

Was the Registrant/Series a diversified investment company at the end of
the period? No

61.

The lowest minimum initial investment required by the Registrant/Series
from an investor that is not an employee or otherwise affiliated with
the Registrant/Series, its Investment Adviser, Principal Underwriter or
other affiliated entity: $10,000

62.

Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities? Yes

The percentage of net assets in each type at period end:

Debt — Short-Term Maturities
U.S. Treasury ............................... 0.0%

U.S. Government Agency ...................... 0.0

Repurchase agreements ....................... 0.0

State and Municipal – tax-free .............. 0.0

Bank certificates of deposit – domestic ..... 0.0

Bank certificates of deposit – foreign ...... 0.0

Bankers acceptances ......................... 0.0

Commercial paper – taxable .................. 0.0

Time deposits ............................... 0.0

Options ..................................... 0.0

All other ................................... 0.0

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ............................... 0.0%

U.S. Government Agency ...................... 0.0

State and Municipal – tax-free .............. 96.3

Corporate ................................... 0.0

All other ................................... 0.0

Non-Debt
Investments other than debt securities ...... 0.0%

63.

The dollar-weighted average portfolio maturity at period end in days or,
if longer than one year, in years (to one decimal place):
Days: 0

Years: 13.3

64.

Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer? Yes

Is the issuer of any instrument covered in Item 62 delinquent or in
default as to payment of principal or interest at period end? No

S 4:

Investment Practices

70.

Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity Permitted Engaged In

Writing or investing in repurchase agreements? No –

Writing or investing in options on equities? No –

Writing or investing in options on debt securities? Yes No

Writing or investing in options on stock indices? No –

Writing or investing in interest rate futures? Yes No

Writing or investing in stock index futures? No –

Writing or investing in options on futures? Yes No

Writing or investing in options on stock index futures? No –

Writing or investing in other commodity futures? No –

Investments in restricted securities? Yes No

Investments in shares of other investment companies? Yes No

Investments in securities of foreign issuers? No –

Currency exchange transactions? No –

Loaning portfolio securities? No –

Borrowing of money? Yes No

Purchases/sales by certain exempted affiliated persons? Yes to both

Margin purchases? No –

Short selling? No –

S 4:

Portfolio Turnover

71.

Portfolio turnover rate for the period:

Purchases ($000s): 136,410

Sales ($000s): 91,720

Monthly average Value of portfolio ($000s): 476,128

Percent turnover (lesser of Purchases or Sales, divided by Value): 19%

S 4:

Financial Info — Income and Expenses

72.

The number of months covered by the values in Items 72 and 73: 12

Income ($000s)
Net interest income ..............................................

25,469

Net dividend income ..............................................

–

Account maintenance fees .........................................

–

Net other income .................................................

–

Expenses ($000s)
Advisory fees ....................................................

1,850

Administrator fees ...............................................

–

Salaries and other compensation ..................................

–

Shareholder Servicing Agent fees .................................

390

Custodian fees ...................................................

8

Postage ..........................................................

–

Printing expenses ................................................

–

Directors’ fees ..................................................

2

Registration fees ................................................

29

Taxes ............................................................

–

Interest .........................................................

–

Bookkeeping fees paid to anyone performing this service ..........

147

Auditing fees ....................................................

32

Legal fees .......................................................

2

Marketing/distribution payments, incl. Rule 12b-1 plan payments ..

–

Amortization of organization expenses ............................

–

Shareholder meeting expenses .....................................

–

Other expenses ...................................................

2

Total expenses ...................................................

2,462

Expense reimbursements ($000s): 293

Net investment income ($000s): 23,300

Realized capital gains ($000s): 1,452

Realized capital losses ($000s): 0

Net unrealized appreciation during the period ($000s): 0

Net unrealized depreciation during the period ($000s): 3,036

Total income dividends for which the record date passed during the
period ($000s): 23,239

Total capital gains distributions for which the record date passed
during the period ($000s): 0

73.

Distributions per share for which the record date passed during the
period, shown in fractions of a cent, if so declared:

Dividends from net investment income: $0.5520

Distribution of capital gains: $0.0000

Other distributions: $0.0000

S 4:

Financial Info — Condensed Balance Sheet Data

74.

Assets ($000s)

Cash .............................................................

14,301

Repurchase agreements ............................................

–

Short-term debt securities, other than repurchase agreements .....

–

Long-term debt securities, including convertible debt ............

487,000

Preferred, conv. preferred and adjustable-rate preferred stock ...

–

Common stock .....................................................

–

Options on equities ..............................................

–

Options on all futures ...........................................

–

Other investments ................................................

–

Receivables from portfolio instruments sold ......................

–

Receivables from affiliated persons ..............................

–

Other receivables ................................................

5,983

All other assets .................................................

–

Total assets .....................................................

507,284

Liabilities ($000s)
Payables for portfolio instruments purchased .....................

–

Amounts owed to affiliated persons ...............................

161

Senior long-term debt ............................................

–

Other liabilities:
Reverse repurchase agreements ..................................

–

Short sales ....................................................

–

Written options ................................................

–

All other liabilities ..........................................

1,589

Equity ($000s)
Senior equity ....................................................

–

Net assets of common shareholders ................................

505,534

Number of shares outstanding (000s): 44,081

Net Asset Value (NAV) per share (to nearest cent): $11.47

Total number of shareholder accounts: 8,670

Total value of assets in segregated accounts ($000s): 0

75.

Monthly average net assets during the period ($000s): 489,480

Series 5

↑Information Common to All Funds/Series ↑List of 6 Funds/Series

7.

Name: Spartan Minnesota Municpal Income Fund — N-SARs

Is this the final Form N-SAR filed for this Fund/Series? No

S 5:

Sales and Repurchases

28.

Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:

1st Month of period: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................

4,635

Reinvestment of dividends and distributions ................

909

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

3,430

2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

6,711

Reinvestment of dividends and distributions ................

922

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

3,957

3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

3,066

Reinvestment of dividends and distributions ................

901

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

3,430

4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

4,400

Reinvestment of dividends and distributions ................

929

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

2,968

5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

5,361

Reinvestment of dividends and distributions ................

905

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

4,463

6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

5,158

Reinvestment of dividends and distributions ................

931

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

5,483

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................

29,331

Reinvestment of dividends and distributions ................

5,497

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

23,731

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 0

S 5:

Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)

37.

Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period? Yes

38.

Total amount of redemption fees other than deferred or contingent
deferred sales loads collected from redemptions and repurchases of the
Registrant’s/Series’ shares during the period ($000s): 9

39.

Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period? No

S 5:

Payment Plan for the Distribution of Fund Shares

40.

During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1? Yes

41.

During the period, did the Registrant/Series use its assets directly to
make payments under the 12b-1 plan? No

44.

If an Investment Adviser or other affiliated person of the
Registrant/Series made unreimbursed payments pursuant to the 12b-1 plan,
the total amount of such payments ($000s): 0

S 5:

Advisory Fee

49.

Was the Registrant’s/Series’ advisory fee during the period based solely
on a percentage of its income? No

50.

Was the Registrant’s/Series’ advisory fee during the period based on
some combined percentage of its income and assets? No

51.

Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on its investment performance? No

52.

Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on the assets, income or performance of other
Registrants? Yes

53.

Were the expenses of the Registrant/Series limited or reduced at any
time during the period by some agreement or understanding other than by
Blue Sky Laws? Yes

Was the limitation that applied during the period based on...
Assets? Yes

Income? No

S 5:

Classification and Asset Allocation

58.

Is the Registrant/Series a Separate Account of an insurance company? No

59.

Is the Registrant/Series a management investment company? Yes

60.

Was the Registrant/Series a diversified investment company at any time
during the period? No

Was the Registrant/Series a diversified investment company at the end of
the period? No

61.

The lowest minimum initial investment required by the Registrant/Series
from an investor that is not an employee or otherwise affiliated with
the Registrant/Series, its Investment Adviser, Principal Underwriter or
other affiliated entity: $10,000

62.

Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities? Yes

The percentage of net assets in each type at period end:

Debt — Short-Term Maturities
U.S. Treasury ............................... 0.0%

U.S. Government Agency ...................... 0.0

Repurchase agreements ....................... 0.0

State and Municipal – tax-free .............. 0.0

Bank certificates of deposit – domestic ..... 0.0

Bank certificates of deposit – foreign ...... 0.0

Bankers acceptances ......................... 0.0

Commercial paper – taxable .................. 0.0

Time deposits ............................... 0.0

Options ..................................... 0.0

All other ................................... 0.0

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ............................... 0.0%

U.S. Government Agency ...................... 0.0

State and Municipal – tax-free .............. 97.7

Corporate ................................... 0.0

All other ................................... 0.0

Non-Debt
Investments other than debt securities ...... 0.0%

63.

The dollar-weighted average portfolio maturity at period end in days or,
if longer than one year, in years (to one decimal place):
Days: 0

Years: 13.4

64.

Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer? Yes

Is the issuer of any instrument covered in Item 62 delinquent or in
default as to payment of principal or interest at period end? No

S 5:

Investment Practices

70.

Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity Permitted Engaged In

Writing or investing in repurchase agreements? No –

Writing or investing in options on equities? No –

Writing or investing in options on debt securities? Yes No

Writing or investing in options on stock indices? No –

Writing or investing in interest rate futures? Yes No

Writing or investing in stock index futures? No –

Writing or investing in options on futures? Yes No

Writing or investing in options on stock index futures? No –

Writing or investing in other commodity futures? No –

Investments in restricted securities? Yes to both

Investments in shares of other investment companies? Yes No

Investments in securities of foreign issuers? No –

Currency exchange transactions? No –

Loaning portfolio securities? No –

Borrowing of money? Yes No

Purchases/sales by certain exempted affiliated persons? Yes to both

Margin purchases? No –

Short selling? No –

S 5:

Portfolio Turnover

71.

Portfolio turnover rate for the period:

Purchases ($000s): 46,096

Sales ($000s): 21,231

Monthly average Value of portfolio ($000s): 304,987

Percent turnover (lesser of Purchases or Sales, divided by Value): 7%

S 5:

Financial Info — Income and Expenses

72.

The number of months covered by the values in Items 72 and 73: 12

Income ($000s)
Net interest income ..............................................

15,889

Net dividend income ..............................................

–

Account maintenance fees .........................................

–

Net other income .................................................

–

Expenses ($000s)
Advisory fees ....................................................

1,166

Administrator fees ...............................................

–

Salaries and other compensation ..................................

–

Shareholder Servicing Agent fees .................................

247

Custodian fees ...................................................

5

Postage ..........................................................

–

Printing expenses ................................................

–

Directors’ fees ..................................................

1

Registration fees ................................................

29

Taxes ............................................................

–

Interest .........................................................

–

Bookkeeping fees paid to anyone performing this service ..........

96

Auditing fees ....................................................

32

Legal fees .......................................................

6

Marketing/distribution payments, incl. Rule 12b-1 plan payments ..

–

Amortization of organization expenses ............................

–

Shareholder meeting expenses .....................................

–

Other expenses ...................................................

1

Total expenses ...................................................

1,583

Expense reimbursements ($000s): 162

Net investment income ($000s): 14,468

Realized capital gains ($000s): 488

Realized capital losses ($000s): 0

Net unrealized appreciation during the period ($000s): 0

Net unrealized depreciation during the period ($000s): 1,077

Total income dividends for which the record date passed during the
period ($000s): 14,288

Total capital gains distributions for which the record date passed
during the period ($000s): 0

73.

Distributions per share for which the record date passed during the
period, shown in fractions of a cent, if so declared:

Dividends from net investment income: $0.5230

Distribution of capital gains: $0.0000

Other distributions: $0.0000

S 5:

Financial Info — Condensed Balance Sheet Data

74.

Assets ($000s)

Cash .............................................................

1,477

Repurchase agreements ............................................

–

Short-term debt securities, other than repurchase agreements .....

–

Long-term debt securities, including convertible debt ............

309,096

Preferred, conv. preferred and adjustable-rate preferred stock ...

–

Common stock .....................................................

–

Options on equities ..............................................

–

Options on all futures ...........................................

–

Other investments ................................................

–

Receivables from portfolio instruments sold ......................

–

Receivables from affiliated persons ..............................

–

Other receivables ................................................

6,515

All other assets .................................................

–

Total assets .....................................................

317,088

Liabilities ($000s)
Payables for portfolio instruments purchased .....................

–

Amounts owed to affiliated persons ...............................

99

Senior long-term debt ............................................

–

Other liabilities:
Reverse repurchase agreements ..................................

–

Short sales ....................................................

–

Written options ................................................

–

All other liabilities ..........................................

618

Equity ($000s)
Senior equity ....................................................

–

Net assets of common shareholders ................................

316,371

Number of shares outstanding (000s): 28,269

Net Asset Value (NAV) per share (to nearest cent): $11.19

Total number of shareholder accounts: 5,699

Total value of assets in segregated accounts ($000s): 0

75.

Monthly average net assets during the period ($000s): 308,521

Series 6

↑Information Common to All Funds/Series ↑List of 6 Funds/Series

7.

Name: Spartan Ohio Municipal Income Fund — N-SARs

Is this the final Form N-SAR filed for this Fund/Series? No

S 6:

Sales and Repurchases

28.

Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:

1st Month of period: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................

7,171

Reinvestment of dividends and distributions ................

1,112

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

2,985

2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

7,103

Reinvestment of dividends and distributions ................

1,114

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

5,443

3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

5,671

Reinvestment of dividends and distributions ................

1,080

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

3,275

4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

7,962

Reinvestment of dividends and distributions ................

1,124

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

4,868

5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

4,900

Reinvestment of dividends and distributions ................

1,100

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

6,211

6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

4,693

Reinvestment of dividends and distributions ................

1,119

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

14,615

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................

37,500

Reinvestment of dividends and distributions ................

6,649

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

37,397

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 0

S 6:

Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)

37.

Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period? Yes

38.

Total amount of redemption fees other than deferred or contingent
deferred sales loads collected from redemptions and repurchases of the
Registrant’s/Series’ shares during the period ($000s): 14

39.

Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period? No

S 6:

Payment Plan for the Distribution of Fund Shares

40.

During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1? Yes

41.

During the period, did the Registrant/Series use its assets directly to
make payments under the 12b-1 plan? No

44.

If an Investment Adviser or other affiliated person of the
Registrant/Series made unreimbursed payments pursuant to the 12b-1 plan,
the total amount of such payments ($000s): 0

S 6:

Advisory Fee

49.

Was the Registrant’s/Series’ advisory fee during the period based solely
on a percentage of its income? No

50.

Was the Registrant’s/Series’ advisory fee during the period based on
some combined percentage of its income and assets? No

51.

Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on its investment performance? No

52.

Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on the assets, income or performance of other
Registrants? Yes

53.

Were the expenses of the Registrant/Series limited or reduced at any
time during the period by some agreement or understanding other than by
Blue Sky Laws? Yes

Was the limitation that applied during the period based on...
Assets? Yes

Income? No

S 6:

Classification and Asset Allocation

58.

Is the Registrant/Series a Separate Account of an insurance company? No

59.

Is the Registrant/Series a management investment company? Yes

60.

Was the Registrant/Series a diversified investment company at any time
during the period? No

Was the Registrant/Series a diversified investment company at the end of
the period? No

61.

The lowest minimum initial investment required by the Registrant/Series
from an investor that is not an employee or otherwise affiliated with
the Registrant/Series, its Investment Adviser, Principal Underwriter or
other affiliated entity: $10,000

62.

Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities? Yes

The percentage of net assets in each type at period end:

Debt — Short-Term Maturities
U.S. Treasury ............................... 0.0%

U.S. Government Agency ...................... 0.0

Repurchase agreements ....................... 0.0

State and Municipal – tax-free .............. 0.0

Bank certificates of deposit – domestic ..... 0.0

Bank certificates of deposit – foreign ...... 0.0

Bankers acceptances ......................... 0.0

Commercial paper – taxable .................. 0.0

Time deposits ............................... 0.0

Options ..................................... 0.0

All other ................................... 0.0

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ............................... 0.0%

U.S. Government Agency ...................... 0.0

State and Municipal – tax-free .............. 99.2

Corporate ................................... 0.0

All other ................................... 0.0

Non-Debt
Investments other than debt securities ...... 0.0%

63.

The dollar-weighted average portfolio maturity at period end in days or,
if longer than one year, in years (to one decimal place):
Days: 0

Years: 13.7

64.

Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer? Yes

Is the issuer of any instrument covered in Item 62 delinquent or in
default as to payment of principal or interest at period end? No

S 6:

Investment Practices

70.

Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity Permitted Engaged In

Writing or investing in repurchase agreements? Yes No

Writing or investing in options on equities? No –

Writing or investing in options on debt securities? Yes No

Writing or investing in options on stock indices? No –

Writing or investing in interest rate futures? Yes to both

Writing or investing in stock index futures? No –

Writing or investing in options on futures? Yes No

Writing or investing in options on stock index futures? No –

Writing or investing in other commodity futures? No –

Investments in restricted securities? Yes No

Investments in shares of other investment companies? Yes No

Investments in securities of foreign issuers? No –

Currency exchange transactions? No –

Loaning portfolio securities? Yes No

Borrowing of money? Yes No

Purchases/sales by certain exempted affiliated persons? Yes to both

Margin purchases? No –

Short selling? No –

S 6:

Portfolio Turnover

71.

Portfolio turnover rate for the period:

Purchases ($000s): 87,889

Sales ($000s): 67,182

Monthly average Value of portfolio ($000s): 391,653

Percent turnover (lesser of Purchases or Sales, divided by Value): 17%

S 6:

Financial Info — Income and Expenses

72.

The number of months covered by the values in Items 72 and 73: 12

Income ($000s)
Net interest income ..............................................

20,397

Net dividend income ..............................................

–

Account maintenance fees .........................................

–

Net other income .................................................

–

Expenses ($000s)
Advisory fees ....................................................

1,511

Administrator fees ...............................................

–

Salaries and other compensation ..................................

–

Shareholder Servicing Agent fees .................................

317

Custodian fees ...................................................

6

Postage ..........................................................

–

Printing expenses ................................................

–

Directors’ fees ..................................................

2

Registration fees ................................................

29

Taxes ............................................................

–

Interest .........................................................

–

Bookkeeping fees paid to anyone performing this service ..........

126

Auditing fees ....................................................

32

Legal fees .......................................................

3

Marketing/distribution payments, incl. Rule 12b-1 plan payments ..

–

Amortization of organization expenses ............................

–

Shareholder meeting expenses .....................................

–

Other expenses ...................................................

1

Total expenses ...................................................

2,027

Expense reimbursements ($000s): 189

Net investment income ($000s): 18,559

Realized capital gains ($000s): 136

Realized capital losses ($000s): 0

Net unrealized appreciation during the period ($000s): 0

Net unrealized depreciation during the period ($000s): 491

Total income dividends for which the record date passed during the
period ($000s): 18,491

Total capital gains distributions for which the record date passed
during the period ($000s): 0

73.

Distributions per share for which the record date passed during the
period, shown in fractions of a cent, if so declared:

Dividends from net investment income: $0.5400

Distribution of capital gains: $0.0000

Other distributions: $0.0000

S 6:

Financial Info — Condensed Balance Sheet Data

74.

Assets ($000s)

Cash .............................................................

109

Repurchase agreements ............................................

–

Short-term debt securities, other than repurchase agreements .....

–

Long-term debt securities, including convertible debt ............

395,984

Preferred, conv. preferred and adjustable-rate preferred stock ...

–

Common stock .....................................................

–

Options on equities ..............................................

–

Options on all futures ...........................................

–

Other investments ................................................

–

Receivables from portfolio instruments sold ......................

–

Receivables from affiliated persons ..............................

–

Other receivables ................................................

4,234

All other assets .................................................

–

Total assets .....................................................

400,327

Liabilities ($000s)
Payables for portfolio instruments purchased .....................

–

Amounts owed to affiliated persons ...............................

128

Senior long-term debt ............................................

–

Other liabilities:
Reverse repurchase agreements ..................................

–

Short sales ....................................................

–

Written options ................................................

–

All other liabilities ..........................................

846

Equity ($000s)
Senior equity ....................................................

–

Net assets of common shareholders ................................

399,353

Number of shares outstanding (000s): 34,600

Net Asset Value (NAV) per share (to nearest cent): $11.54

Total number of shareholder accounts: 6,726

Total value of assets in segregated accounts ($000s): 0

75.

Monthly average net assets during the period ($000s): 399,844

Series 9

↑Information Common to All Funds/Series ↑List of 6 Funds/Series

7.

Name: Spartan Pennsylvania Municipal Income Fund — N-SARs

Is this the final Form N-SAR filed for this Fund/Series? No

S 9:

Sales and Repurchases

28.

Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:

1st Month of period: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................

2,749

Reinvestment of dividends and distributions ................

745

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

973

2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

4,045

Reinvestment of dividends and distributions ................

744

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

1,314

3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

3,690

Reinvestment of dividends and distributions ................

725

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

3,319

4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

9,060

Reinvestment of dividends and distributions ................

752

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

3,667

5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

3,733

Reinvestment of dividends and distributions ................

1,331

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

3,062

6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

5,539

Reinvestment of dividends and distributions ................

766

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

8,646

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................

28,816

Reinvestment of dividends and distributions ................

5,063

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

20,981

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 0

S 9:

Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)

37.

Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period? Yes

38.

Total amount of redemption fees other than deferred or contingent
deferred sales loads collected from redemptions and repurchases of the
Registrant’s/Series’ shares during the period ($000s): 8

39.

Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period? No

S 9:

Payment Plan for the Distribution of Fund Shares

40.

During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1? Yes

41.

During the period, did the Registrant/Series use its assets directly to
make payments under the 12b-1 plan? No

44.

If an Investment Adviser or other affiliated person of the
Registrant/Series made unreimbursed payments pursuant to the 12b-1 plan,
the total amount of such payments ($000s): 0

S 9:

Advisory Fee

49.

Was the Registrant’s/Series’ advisory fee during the period based solely
on a percentage of its income? No

50.

Was the Registrant’s/Series’ advisory fee during the period based on
some combined percentage of its income and assets? No

51.

Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on its investment performance? No

52.

Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on the assets, income or performance of other
Registrants? Yes

53.

Were the expenses of the Registrant/Series limited or reduced at any
time during the period by some agreement or understanding other than by
Blue Sky Laws? Yes

Was the limitation that applied during the period based on...
Assets? Yes

Income? No

S 9:

Classification and Asset Allocation

58.

Is the Registrant/Series a Separate Account of an insurance company? No

59.

Is the Registrant/Series a management investment company? Yes

60.

Was the Registrant/Series a diversified investment company at any time
during the period? No

Was the Registrant/Series a diversified investment company at the end of
the period? No

61.

The lowest minimum initial investment required by the Registrant/Series
from an investor that is not an employee or otherwise affiliated with
the Registrant/Series, its Investment Adviser, Principal Underwriter or
other affiliated entity: $10,000

62.

Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities? Yes

The percentage of net assets in each type at period end:

Debt — Short-Term Maturities
U.S. Treasury ............................... 0.0%

U.S. Government Agency ...................... 0.0

Repurchase agreements ....................... 0.0

State and Municipal – tax-free .............. 1.1

Bank certificates of deposit – domestic ..... 0.0

Bank certificates of deposit – foreign ...... 0.0

Bankers acceptances ......................... 0.0

Commercial paper – taxable .................. 0.0

Time deposits ............................... 0.0

Options ..................................... 0.0

All other ................................... 0.0

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ............................... 0.0%

U.S. Government Agency ...................... 0.0

State and Municipal – tax-free .............. 95.8

Corporate ................................... 0.0

All other ................................... 0.0

Non-Debt
Investments other than debt securities ...... 0.0%

63.

The dollar-weighted average portfolio maturity at period end in days or,
if longer than one year, in years (to one decimal place):
Days: 0

Years: 13.6

64.

Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer? Yes

Is the issuer of any instrument covered in Item 62 delinquent or in
default as to payment of principal or interest at period end? No

S 9:

Investment Practices

70.

Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity Permitted Engaged In

Writing or investing in repurchase agreements? Yes No

Writing or investing in options on equities? No –

Writing or investing in options on debt securities? Yes No

Writing or investing in options on stock indices? No –

Writing or investing in interest rate futures? Yes No

Writing or investing in stock index futures? No –

Writing or investing in options on futures? Yes No

Writing or investing in options on stock index futures? No –

Writing or investing in other commodity futures? No –

Investments in restricted securities? Yes to both

Investments in shares of other investment companies? Yes No

Investments in securities of foreign issuers? No –

Currency exchange transactions? No –

Loaning portfolio securities? Yes No

Borrowing of money? Yes No

Purchases/sales by certain exempted affiliated persons? Yes No

Margin purchases? No –

Short selling? No –

S 9:

Portfolio Turnover

71.

Portfolio turnover rate for the period:

Purchases ($000s): 68,812

Sales ($000s): 55,636

Monthly average Value of portfolio ($000s): 255,233

Percent turnover (lesser of Purchases or Sales, divided by Value): 22%

S 9:

Financial Info — Income and Expenses

72.

The number of months covered by the values in Items 72 and 73: 12

Income ($000s)
Net interest income ..............................................

13,139

Net dividend income ..............................................

–

Account maintenance fees .........................................

–

Net other income .................................................

–

Expenses ($000s)
Advisory fees ....................................................

986

Administrator fees ...............................................

–

Salaries and other compensation ..................................

–

Shareholder Servicing Agent fees .................................

196

Custodian fees ...................................................

5

Postage ..........................................................

–

Printing expenses ................................................

–

Directors’ fees ..................................................

1

Registration fees ................................................

25

Taxes ............................................................

–

Interest .........................................................

–

Bookkeeping fees paid to anyone performing this service ..........

80

Auditing fees ....................................................

32

Legal fees .......................................................

2

Marketing/distribution payments, incl. Rule 12b-1 plan payments ..

–

Amortization of organization expenses ............................

–

Shareholder meeting expenses .....................................

–

Other expenses ...................................................

1

Total expenses ...................................................

1,328

Expense reimbursements ($000s): 156

Net investment income ($000s): 11,967

Realized capital gains ($000s): 1,257

Realized capital losses ($000s): 0

Net unrealized appreciation during the period ($000s): 0

Net unrealized depreciation during the period ($000s): 1,072

Total income dividends for which the record date passed during the
period ($000s): 11,922

Total capital gains distributions for which the record date passed
during the period ($000s): 785

73.

Distributions per share for which the record date passed during the
period, shown in fractions of a cent, if so declared:

Dividends from net investment income: $0.4930

Distribution of capital gains: $0.0310

Other distributions: $0.0000

S 9:

Financial Info — Condensed Balance Sheet Data

74.

Assets ($000s)

Cash .............................................................

5,221

Repurchase agreements ............................................

–

Short-term debt securities, other than repurchase agreements .....

3,001

Long-term debt securities, including convertible debt ............

257,932

Preferred, conv. preferred and adjustable-rate preferred stock ...

–

Common stock .....................................................

–

Options on equities ..............................................

–

Options on all futures ...........................................

–

Other investments ................................................

–

Receivables from portfolio instruments sold ......................

–

Receivables from affiliated persons ..............................

–

Other receivables ................................................

3,673

All other assets .................................................

–

Total assets .....................................................

269,827

Liabilities ($000s)
Payables for portfolio instruments purchased .....................

–

Amounts owed to affiliated persons ...............................

85

Senior long-term debt ............................................

–

Other liabilities:
Reverse repurchase agreements ..................................

–

Short sales ....................................................

–

Written options ................................................

–

All other liabilities ..........................................

480

Equity ($000s)
Senior equity ....................................................

–

Net assets of common shareholders ................................

269,262

Number of shares outstanding (000s): 25,318

Net Asset Value (NAV) per share (to nearest cent): $10.64

Total number of shareholder accounts: 4,016

Total value of assets in segregated accounts ($000s): 0

75.

Monthly average net assets during the period ($000s): 260,828

Series 10

↑Information Common to All Funds/Series ↑List of 6 Funds/Series

7.

Name: Spartan Municipal Income — N-SARs

Is this the final Form N-SAR filed for this Fund/Series? No

S10:

Sales and Repurchases

28.

Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:

1st Month of period: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................

58,632

Reinvestment of dividends and distributions ................

13,100

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

46,267

2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

75,691

Reinvestment of dividends and distributions ................

13,153

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

50,011

3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

47,060

Reinvestment of dividends and distributions ................

12,618

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

169,452

4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

63,987

Reinvestment of dividends and distributions ................

12,640

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

63,018

5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

49,528

Reinvestment of dividends and distributions ................

21,323

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

77,873

6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

42,069

Reinvestment of dividends and distributions ................

12,598

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

102,437

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................

336,967

Reinvestment of dividends and distributions ................

85,432

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

509,058

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 0

S10:

Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)

37.

Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period? Yes

38.

Total amount of redemption fees other than deferred or contingent
deferred sales loads collected from redemptions and repurchases of the
Registrant’s/Series’ shares during the period ($000s): 48

39.

Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period? No

S10:

Payment Plan for the Distribution of Fund Shares

40.

During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1? Yes

41.

During the period, did the Registrant/Series use its assets directly to
make payments under the 12b-1 plan? No

44.

If an Investment Adviser or other affiliated person of the
Registrant/Series made unreimbursed payments pursuant to the 12b-1 plan,
the total amount of such payments ($000s): 0

S10:

Advisory Fee

49.

Was the Registrant’s/Series’ advisory fee during the period based solely
on a percentage of its income? No

50.

Was the Registrant’s/Series’ advisory fee during the period based on
some combined percentage of its income and assets? No

51.

Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on its investment performance? No

52.

Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on the assets, income or performance of other
Registrants? Yes

53.

Were the expenses of the Registrant/Series limited or reduced at any
time during the period by some agreement or understanding other than by
Blue Sky Laws? Yes

Was the limitation that applied during the period based on...
Assets? Yes

Income? No

S10:

Classification and Asset Allocation

58.

Is the Registrant/Series a Separate Account of an insurance company? No

59.

Is the Registrant/Series a management investment company? Yes

60.

Was the Registrant/Series a diversified investment company at any time
during the period? Yes

Was the Registrant/Series a diversified investment company at the end of
the period? Yes

61.

The lowest minimum initial investment required by the Registrant/Series
from an investor that is not an employee or otherwise affiliated with
the Registrant/Series, its Investment Adviser, Principal Underwriter or
other affiliated entity: $10,000

62.

Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities? Yes

The percentage of net assets in each type at period end:

Debt — Short-Term Maturities
U.S. Treasury ............................... 0.0%

U.S. Government Agency ...................... 0.0

Repurchase agreements ....................... 0.0

State and Municipal – tax-free .............. 0.1

Bank certificates of deposit – domestic ..... 0.0

Bank certificates of deposit – foreign ...... 0.0

Bankers acceptances ......................... 0.0

Commercial paper – taxable .................. 0.0

Time deposits ............................... 0.0

Options ..................................... 0.0

All other ................................... 0.0

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ............................... 0.0%

U.S. Government Agency ...................... 0.0

State and Municipal – tax-free .............. 100.2

Corporate ................................... 0.0

All other ................................... 0.0

Non-Debt
Investments other than debt securities ...... 0.0%

63.

The dollar-weighted average portfolio maturity at period end in days or,
if longer than one year, in years (to one decimal place):
Days: 0

Years: 14.7

64.

Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer? Yes

Is the issuer of any instrument covered in Item 62 delinquent or in
default as to payment of principal or interest at period end? No

S10:

Investment Practices

70.

Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity Permitted Engaged In

Writing or investing in repurchase agreements? No –

Writing or investing in options on equities? No –

Writing or investing in options on debt securities? Yes No

Writing or investing in options on stock indices? No –

Writing or investing in interest rate futures? Yes No

Writing or investing in stock index futures? No –

Writing or investing in options on futures? Yes No

Writing or investing in options on stock index futures? No –

Writing or investing in other commodity futures? No –

Investments in restricted securities? Yes No

Investments in shares of other investment companies? Yes No

Investments in securities of foreign issuers? No –

Currency exchange transactions? No –

Loaning portfolio securities? No –

Borrowing of money? Yes No

Purchases/sales by certain exempted affiliated persons? Yes to both

Margin purchases? No –

Short selling? Yes No

S10:

Portfolio Turnover

71.

Portfolio turnover rate for the period:

Purchases ($000s): 1,348,806

Sales ($000s): 1,216,356

Monthly average Value of portfolio ($000s): 4,562,981

Percent turnover (lesser of Purchases or Sales, divided by Value): 27%

S10:

Financial Info — Income and Expenses

72.

The number of months covered by the values in Items 72 and 73: 12

Income ($000s)
Net interest income ..............................................

242,557

Net dividend income ..............................................

–

Account maintenance fees .........................................

–

Net other income .................................................

–

Expenses ($000s)
Advisory fees ....................................................

17,499

Administrator fees ...............................................

–

Salaries and other compensation ..................................

–

Shareholder Servicing Agent fees .................................

3,466

Custodian fees ...................................................

74

Postage ..........................................................

–

Printing expenses ................................................

–

Directors’ fees ..................................................

21

Registration fees ................................................

154

Taxes ............................................................

–

Interest .........................................................

–

Bookkeeping fees paid to anyone performing this service ..........

681

Auditing fees ....................................................

52

Legal fees .......................................................

25

Marketing/distribution payments, incl. Rule 12b-1 plan payments ..

–

Amortization of organization expenses ............................

–

Shareholder meeting expenses .....................................

–

Other expenses ...................................................

17

Total expenses ...................................................

21,989

Expense reimbursements ($000s): 1,897

Net investment income ($000s): 222,465

Realized capital gains ($000s): 44,330

Realized capital losses ($000s): 0

Net unrealized appreciation during the period ($000s): 0

Net unrealized depreciation during the period ($000s): 37,819

Total income dividends for which the record date passed during the
period ($000s): 220,966

Total capital gains distributions for which the record date passed
during the period ($000s): 12,567

73.

Distributions per share for which the record date passed during the
period, shown in fractions of a cent, if so declared:

Dividends from net investment income: $0.6130

Distribution of capital gains: $0.0350

Other distributions: $0.0000

S10:

Financial Info — Condensed Balance Sheet Data

74.

Assets ($000s)

Cash .............................................................

54,603

Repurchase agreements ............................................

–

Short-term debt securities, other than repurchase agreements .....

3,295

Long-term debt securities, including convertible debt ............

4,539,256

Preferred, conv. preferred and adjustable-rate preferred stock ...

–

Common stock .....................................................

–

Options on equities ..............................................

–

Options on all futures ...........................................

–

Other investments ................................................

100

Receivables from portfolio instruments sold ......................

–

Receivables from affiliated persons ..............................

–

Other receivables ................................................

78,628

All other assets .................................................

–

Total assets .....................................................

4,675,882

Liabilities ($000s)
Payables for portfolio instruments purchased .....................

131,657

Amounts owed to affiliated persons ...............................

1,436

Senior long-term debt ............................................

–

Other liabilities:
Reverse repurchase agreements ..................................

–

Short sales ....................................................

–

Written options ................................................

–

All other liabilities ..........................................

15,751

Equity ($000s)
Senior equity ....................................................

–

Net assets of common shareholders ................................

4,527,038

Number of shares outstanding (000s): 356,975

Net Asset Value (NAV) per share (to nearest cent): $12.68

Total number of shareholder accounts: 69,401

Total value of assets in segregated accounts ($000s): 0

75.

Monthly average net assets during the period ($000s): 4,629,948

Series 11

↑Information Common to All Funds/Series ↑List of 6 Funds/Series

7.

Name: Spartan Short-Intermediate Municipal Income — N-SARs

Is this the final Form N-SAR filed for this Fund/Series? No

S11:

Sales and Repurchases

28.

Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:

1st Month of period: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................

50,745

Reinvestment of dividends and distributions ................

3,004

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

16,258

2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

105,434

Reinvestment of dividends and distributions ................

3,023

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

35,260

3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

59,479

Reinvestment of dividends and distributions ................

3,060

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

38,943

4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

81,242

Reinvestment of dividends and distributions ................

3,157

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

50,264

5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

74,754

Reinvestment of dividends and distributions ................

5,487

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

56,220

6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................

45,661

Reinvestment of dividends and distributions ................

3,055

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

121,696

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................

417,315

Reinvestment of dividends and distributions ................

20,786

Other ......................................................

–

Total NAV of shares redeemed & repurchased (inc. exchanges) ..

318,641

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 0

S11:

Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)

37.

Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period? Yes

38.

Total amount of redemption fees other than deferred or contingent
deferred sales loads collected from redemptions and repurchases of the
Registrant’s/Series’ shares during the period ($000s): 24

39.

Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period? No

S11:

Payment Plan for the Distribution of Fund Shares

40.

During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1? Yes

41.

During the period, did the Registrant/Series use its assets directly to
make payments under the 12b-1 plan? No

44.

If an Investment Adviser or other affiliated person of the
Registrant/Series made unreimbursed payments pursuant to the 12b-1 plan,
the total amount of such payments ($000s): 0

S11:

Advisory Fee

49.

Was the Registrant’s/Series’ advisory fee during the period based solely
on a percentage of its income? No

50.

Was the Registrant’s/Series’ advisory fee during the period based on
some combined percentage of its income and assets? No

51.

Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on its investment performance? No

52.

Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on the assets, income or performance of other
Registrants? Yes

53.

Were the expenses of the Registrant/Series limited or reduced at any
time during the period by some agreement or understanding other than by
Blue Sky Laws? Yes

Was the limitation that applied during the period based on...
Assets? Yes

Income? No

S11:

Classification and Asset Allocation

58.

Is the Registrant/Series a Separate Account of an insurance company? No

59.

Is the Registrant/Series a management investment company? Yes

60.

Was the Registrant/Series a diversified investment company at any time
during the period? No

Was the Registrant/Series a diversified investment company at the end of
the period? No

61.

The lowest minimum initial investment required by the Registrant/Series
from an investor that is not an employee or otherwise affiliated with
the Registrant/Series, its Investment Adviser, Principal Underwriter or
other affiliated entity: $10,000

62.

Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities? Yes

The percentage of net assets in each type at period end:

Debt — Short-Term Maturities
U.S. Treasury ............................... 0.0%

U.S. Government Agency ...................... 0.0

Repurchase agreements ....................... 0.0

State and Municipal – tax-free .............. 3.2

Bank certificates of deposit – domestic ..... 0.0

Bank certificates of deposit – foreign ...... 0.0

Bankers acceptances ......................... 0.0

Commercial paper – taxable .................. 0.0

Time deposits ............................... 0.0

Options ..................................... 0.0

All other ................................... 0.0

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ............................... 0.0%

U.S. Government Agency ...................... 0.0

State and Municipal – tax-free .............. 101.9

Corporate ................................... 0.0

All other ................................... 0.0

Non-Debt
Investments other than debt securities ...... 0.0%

63.

The dollar-weighted average portfolio maturity at period end in days or,
if longer than one year, in years (to one decimal place):
Days: 0

Years: 3.0

64.

Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer? Yes

Is the issuer of any instrument covered in Item 62 delinquent or in
default as to payment of principal or interest at period end? No

S11:

Investment Practices

70.

Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity Permitted Engaged In

Writing or investing in repurchase agreements? No –

Writing or investing in options on equities? No –

Writing or investing in options on debt securities? Yes No

Writing or investing in options on stock indices? No –

Writing or investing in interest rate futures? Yes No

Writing or investing in stock index futures? No –

Writing or investing in options on futures? Yes No

Writing or investing in options on stock index futures? No –

Writing or investing in other commodity futures? No –

Investments in restricted securities? Yes No

Investments in shares of other investment companies? Yes No

Investments in securities of foreign issuers? No –

Currency exchange transactions? No –

Loaning portfolio securities? No –

Borrowing of money? Yes No

Purchases/sales by certain exempted affiliated persons? Yes to both

Margin purchases? No –

Short selling? Yes No

S11:

Portfolio Turnover

71.

Portfolio turnover rate for the period:

Purchases ($000s): 757,960

Sales ($000s): 466,257

Monthly average Value of portfolio ($000s): 1,089,604

Percent turnover (lesser of Purchases or Sales, divided by Value): 43%

S11:

Financial Info — Income and Expenses

72.

The number of months covered by the values in Items 72 and 73: 12

Income ($000s)
Net interest income ..............................................

47,202

Net dividend income ..............................................

–

Account maintenance fees .........................................

–

Net other income .................................................

–

Expenses ($000s)
Advisory fees ....................................................

4,184

Administrator fees ...............................................

–

Salaries and other compensation ..................................

–

Shareholder Servicing Agent fees .................................

759

Custodian fees ...................................................

20

Postage ..........................................................

–

Printing expenses ................................................

–

Directors’ fees ..................................................

4

Registration fees ................................................

121

Taxes ............................................................

–

Interest .........................................................

1

Bookkeeping fees paid to anyone performing this service ..........

266

Auditing fees ....................................................

35

Legal fees .......................................................

19

Marketing/distribution payments, incl. Rule 12b-1 plan payments ..

–

Amortization of organization expenses ............................

–

Shareholder meeting expenses .....................................

–

Other expenses ...................................................

4

Total expenses ...................................................

5,413

Expense reimbursements ($000s): 856

Net investment income ($000s): 42,645

Realized capital gains ($000s): 7,216

Realized capital losses ($000s): 0

Net unrealized appreciation during the period ($000s): 8,160

Net unrealized depreciation during the period ($000s): 0

Total income dividends for which the record date passed during the
period ($000s): 42,447

Total capital gains distributions for which the record date passed
during the period ($000s): 2,804

73.

Distributions per share for which the record date passed during the
period, shown in fractions of a cent, if so declared:

Dividends from net investment income: $0.3960

Distribution of capital gains: $0.0230

Other distributions: $0.0000

S11:

Financial Info — Condensed Balance Sheet Data

74.

Assets ($000s)

Cash .............................................................

14,524

Repurchase agreements ............................................

–

Short-term debt securities, other than repurchase agreements .....

37,273

Long-term debt securities, including convertible debt ............

1,206,263

Preferred, conv. preferred and adjustable-rate preferred stock ...

–

Common stock .....................................................

–

Options on equities ..............................................

–

Options on all futures ...........................................

–

Other investments ................................................

–

Receivables from portfolio instruments sold ......................

–

Receivables from affiliated persons ..............................

–

Other receivables ................................................

18,165

All other assets .................................................

–

Total assets .....................................................

1,276,225

Liabilities ($000s)
Payables for portfolio instruments purchased .....................

81,227

Amounts owed to affiliated persons ...............................

383

Senior long-term debt ............................................

–

Other liabilities:
Reverse repurchase agreements ..................................

–

Short sales ....................................................

–

Written options ................................................

–

All other liabilities ..........................................

11,342

Equity ($000s)
Senior equity ....................................................

–

Net assets of common shareholders ................................

1,183,273

Number of shares outstanding (000s): 115,252

Net Asset Value (NAV) per share (to nearest cent): $10.27

Total number of shareholder accounts: 13,072

Total value of assets in segregated accounts ($000s): 0

75.

Monthly average net assets during the period ($000s): 1,106,589

Signature

↑Top of Form N-SAR

Fidelity Municipal Trust – ‘NSAR-B’ for 12/31/01

As of: Wednesday, 2/27/02 · For: 12/31/01 · Accession #: 35373-2-5 · File #s: 811-02628, 811-02720 · Correction: This Filing’s Metadata was Corrected `®` by the SEC on 4/2/04.

Previous ‘NSAR-B’: ‘NSAR-B’ on 2/27/01 for 12/31/00 · Next: ‘NSAR-B’ on 3/3/03 for 12/31/02 · Latest: ‘NSAR-B’ on 2/27/18 for 12/31/17

Annual Report by an Investment Company — Form N-SAR — ICA’40
Filing Table of Contents

‘NSAR-B’ — Annual Report by an Investment Company

Fidelity Municipal Trust – ‘NSAR-B’ for 12/31/01

As of: Wednesday, 2/27/02 · For: 12/31/01 · Accession #: 35373-2-5 · File #s: 811-02628, 811-02720 · Correction: This Filing’s Metadata was Corrected ® by the SEC on 4/2/04.

Previous ‘NSAR-B’: ‘NSAR-B’ on 2/27/01 for 12/31/00 · Next: ‘NSAR-B’ on 3/3/03 for 12/31/02 · Latest: ‘NSAR-B’ on 2/27/18 for 12/31/17

Annual Report by an Investment Company — Form N-SAR — ICA’40Filing Table of Contents

‘NSAR-B’ — Annual Report by an Investment Company

As of: Wednesday, 2/27/02 · For: 12/31/01 · Accession #: 35373-2-5 · File #s: 811-02628, 811-02720 · Correction: This Filing’s Metadata was Corrected `®` by the SEC on 4/2/04.

Annual Report by an Investment Company — Form N-SAR — ICA’40
Filing Table of Contents