To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. This report is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-PORT. Forms N-PORT are available on the SEC's web site at http://www.sec.gov. A fund's Forms N-PORT may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.

Investment Summary February 29, 2024 (Unaudited)

Revenue Sources (% of Fund's net assets)
Health Care	28.8
Education	17.7
General Obligations	12.0
Transportation	10.2
Special Tax	9.4
Water & Sewer	6.0
Industrial Development	5.7
State G.O.	5.4
Others* (Individually Less Than 5%)	4.8
	100.0

*Includes net other assets

Quality Diversification (% of Fund's net assets)

We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes.

Schedule of Investments February 29, 2024 (Unaudited)

Showing Percentage of Net Assets

Municipal Bonds - 98.6%
	Principal Amount (a)	Value ($)
Arizona - 96.6%
Arizona Board of Regents Arizona State Univ. Rev.:
Series 2015 B, 5% 7/1/31	1,525,000	1,560,703
Series 2015 D:
5% 7/1/34	500,000	510,855
5% 7/1/35	900,000	918,952
Arizona Game and Fish Dept. and Commission (AGF Administration Bldg. Proj.) Series 2006, 5% 7/1/32	470,000	470,536
Arizona Health Facilities Auth. Rev. (Banner Health Sys. Proj.) Series 2007 B, S&P Municipal Bond 7 Day High Grade Rate Index + 0.810% 5.54%, tender 1/1/37 (b)(c)	1,000,000	934,156
Arizona Indl. Dev. Auth. Hosp. Rev.:
Series 2020 A:
3% 2/1/45	1,000,000	795,776
4% 2/1/50	2,005,000	1,901,162
5% 2/1/40	700,000	754,758
Series 2021 A:
4% 2/1/39	500,000	505,223
4% 2/1/40	1,000,000	1,004,602
Arizona Indl. Dev. Auth. Lease Rev. Series 2020 A:
4% 9/1/35	200,000	201,599
4% 9/1/36	355,000	356,872
4% 9/1/46	1,000,000	933,101
Arizona Indl. Dev. Auth. Rev. Series 2019 2, 3.625% 5/20/33	1,843,025	1,734,381
Arizona State Trans. Board:
Series 2017 A, 5% 7/1/32	1,500,000	1,606,552
Series 2017A, 5% 7/1/31	385,000	412,475
Arizona State Univ. Revs.:
Series 2019 A, 5% 7/1/40	510,000	551,700
Series 2020 A:
5% 7/1/39	390,000	428,836
5% 7/1/43	2,925,000	3,173,650
Bullhead City Excise Taxes Series 2021, 2.55% 7/1/46	3,000,000	2,161,692
Central Wtr. Conservation District (Central Arizona Proj.) Series 2016 A, 5% 1/1/36	500,000	513,541
Chandler Excise Tax Rev. Series 2015, 3% 7/1/34	300,000	294,893
Chandler Indl. Dev. Auth. Indl. Dev. Rev. Bonds (Intel Corp. Proj.):
Series 2019, 5%, tender 6/3/24 (b)(d)	3,700,000	3,705,873
Series 2022 2, 5%, tender 9/1/27 (b)(d)	3,000,000	3,103,041
Coconino County Poll. Cont. Corp. Rev. Bonds (Navada Pwr. Co. Projs.) Series 2017 A, 4.125%, tender 3/31/26 (b)(d)	1,000,000	999,357
Glendale Union School District 205 Series A:
4% 7/1/38 (Assured Guaranty Muni. Corp. Insured)	1,000,000	1,029,775
4% 7/1/39 (Assured Guaranty Muni. Corp. Insured)	1,000,000	1,024,099
Glendale Gen. Oblig. Series 2017:
5% 7/1/30	2,310,000	2,475,611
5% 7/1/32	1,000,000	1,066,767
Glendale Indl. Dev. Auth. (Terraces of Phoenix Proj.) Series 2018 A:
4% 7/1/28	265,000	257,903
5% 7/1/33	435,000	435,761
Indl. Dev. Auth. of The City of Glendale Sr. Living Rev. (Royal Oaks Inspirata Pointe Proj.) Series 2020 A, 5% 5/15/56	1,000,000	846,867
Maricopa County Indl. Dev. Auth.:
(Creighton Univ. Proj.) Series 2020, 5% 7/1/47	2,000,000	2,109,119
Series 2019 A:
5% 9/1/29	310,000	333,482
5% 9/1/33	275,000	294,659
5% 9/1/34	680,000	728,083
Series 2021 A:
3% 9/1/51	3,000,000	2,210,019
4% 9/1/51	1,500,000	1,384,627
Maricopa County Indl. Dev. Auth. Sr. Living Facilities Series 2016:
5.75% 1/1/36 (e)	500,000	408,302
6% 1/1/48 (e)	500,000	360,130
Maricopa County Phoenix Union High School District #210 Series 2017 B:
5% 7/1/32	1,180,000	1,289,400
5% 7/1/34	585,000	638,534
Maricopa County Rev.:
Bonds Series C, 5%, tender 10/18/24 (b)	125,000	126,092
Series 2016 A:
5% 1/1/34	2,935,000	3,082,110
5% 1/1/38	2,320,000	2,410,106
Series 2019 E, 3% 1/1/49	3,000,000	2,274,317
Series 2019 F, 4% 1/1/45	1,000,000	982,482
Maricopa County School District #214 Tolleson Series 2018 A, 5% 7/1/31	350,000	374,786
Maricopa County School District #28 Kyrene Elementary:
Series 2015 C, 4% 7/1/29	650,000	656,786
Series 2019 A, 5% 7/1/37	1,000,000	1,076,699
Maricopa County Spl. Health Care District Gen. Oblig. Series 2018 C, 5% 7/1/36	1,000,000	1,070,426
Maricopa County Unified School District #48 Scottsdale:
Series 2017 B, 5% 7/1/33	3,015,000	3,219,267
Series D, 4% 7/1/34	350,000	371,034
Maricopa County Unified School District #69 Paradise Valley Series 2022, 5% 7/1/31	105,000	121,706
McAllister Academic Village LLC Rev. (Arizona State Univ. Hassayampa Academic Village Proj.) Series 2016:
5% 7/1/37	2,000,000	2,065,696
5% 7/1/38	3,850,000	3,963,135
Mesa Util. Sys. Rev.:
Series 2016, 3% 7/1/40	100,000	88,559
Series 2017:
3.25% 7/1/40	250,000	231,410
3.25% 7/1/41	680,000	622,155
Series 2019 A, 5% 7/1/43	2,015,000	2,164,668
Series 2021, 4% 7/1/35	1,000,000	1,055,610
Northern Arizona Univ. Revs.:
Series 2015, 5% 6/1/30	1,000,000	1,018,580
Series 2020 B, 5% 6/1/37 (Build America Mutual Assurance Insured)	1,000,000	1,100,788
Phoenix Ariz Indl. Dev. Auth. Rev. (Guam Facilities Foundation, Inc. Proj.) Series 2014, 5.125% 2/1/34	500,000	485,251
Phoenix Civic Impt. Board Arpt. Rev.:
Series 2017 A:
5% 7/1/33 (d)	25,000	26,151
5% 7/1/35 (d)	2,425,000	2,531,151
Series 2017 D, 5% 7/1/31	2,000,000	2,138,698
Series 2019 B:
4% 7/1/37 (d)	1,750,000	1,762,951
5% 7/1/33 (d)	280,000	302,229
Series 2023, 5% 7/1/30 (d)	2,000,000	2,205,517
Phoenix Civic Impt. Corp. Series 2019 A:
5% 7/1/29	185,000	202,545
5% 7/1/35	1,000,000	1,083,531
Phoenix Civic Impt. Corp. District Rev. (Plaza Expansion Proj.) Series 2005 B, 5.5% 7/1/38 (Nat'l. Pub. Fin. Guarantee Corp. Insured)	2,000,000	2,455,764
Phoenix Civic Impt. Corp. Wastewtr. Sys. Rev. Series 2016, 5% 7/1/33	1,000,000	1,043,690
Phoenix IDA Student Hsg. Rev.:
(Downtown Phoenix Student Hsg. II LLC Arizona State Univ. Proj.) Series 2019 A, 5% 7/1/36	1,175,000	1,215,934
Series 2018 A, (Downtown Phoenix Student Hsg., LLC AZ State Univ. Proj.) 5% 7/1/42	1,500,000	1,513,151
Phoenix-Mesa Gateway Arpt. Auth. (Mesa Proj.) Series 2012:
5% 7/1/24 (d)	195,000	195,155
5% 7/1/27 (d)	400,000	400,130
Pima County Indl. Dev. Auth. Rev. Series 2021 A:
4% 4/1/37	415,000	411,758
4% 4/1/46	3,000,000	2,801,794
Salt River Proj. Agricultural Impt. & Pwr. District Elec. Sys. Rev.:
Series 2019 A, 5% 1/1/35	395,000	444,482
Series A, 5% 1/1/37	880,000	977,619
Salt Verde Finl. Corp. Sr. Gas Rev. Series 2007:
5% 12/1/37	2,910,000	3,191,982
5.5% 12/1/29	3,000,000	3,221,345
Scottsdale Gen. Oblig. Series 2017, 4% 7/1/32	400,000	415,863
Tempe Excise Tax Rev. Series 2016:
5% 7/1/28	315,000	330,064
5% 7/1/29	500,000	523,107
5% 7/1/30	325,000	340,019
5% 7/1/31	375,000	391,556
Tempe Indl. Dev. Auth. Rev. (Friendship Village of Tempe Proj.) Series 2021 A, 4% 12/1/46	1,000,000	767,864
Tucson Wtr. Rev. Series 2017, 5% 7/1/34	1,000,000	1,065,785
Univ. of Arizona Univ. Revs. Series 2020 C, 5% 8/1/28	900,000	988,084
Window Rock Unified School District No. 8 of Apache County Impact Aid Rev. Series 2022:
5% 7/1/35	500,000	560,763
5% 7/1/36	500,000	556,508
Yavapai County Indl. Dev. Auth.:
Series 2016, 5% 8/1/36	1,305,000	1,348,580
Series 2019:
4% 8/1/43	350,000	333,719
5% 8/1/24	325,000	326,606
5% 8/1/25	400,000	408,140
5% 8/1/26	600,000	621,934
5% 8/1/27	625,000	657,665
5% 8/1/39	1,060,000	1,106,702
Yuma Indl. Dev. Auth. Hosp. Rev. Series 2014 A, 5% 8/1/27	2,000,000	2,014,004
TOTAL ARIZONA		115,871,627
Puerto Rico - 2.0%
Puerto Rico Commonwealth Aqueduct & Swr. Auth. Series 2021 B, 5% 7/1/37 (e)	395,000	406,183
Puerto Rico Commonwealth Pub. Impt. Gen. Oblig. Series 2021 A1:
0% 7/1/33	435,874	280,337
5.625% 7/1/27	50,000	52,774
5.625% 7/1/29	150,000	162,475
5.75% 7/1/31	365,000	406,905
Puerto Rico Indl., Tourist, Edl., Med. And Envir. Cont. Facilities Fing. Auth. Series 2021:
4% 7/1/41	50,000	46,407
5% 7/1/27	260,000	270,221
5% 7/1/32	95,000	103,369
Puerto Rico Sales Tax Fing. Corp. Sales Tax Rev.:
Series 2018 A1, 4.55% 7/1/40	310,000	311,628
Series 2019 A2, 4.329% 7/1/40	405,000	402,136
TOTAL PUERTO RICO		2,442,435
TOTAL MUNICIPAL BONDS (Cost $120,708,001)		118,314,062

Money Market Funds - 0.7%
	Shares	Value ($)
Fidelity Municipal Cash Central Fund 3.30% (f)(g) (Cost $894,962)	894,710	894,889

TOTAL INVESTMENT IN SECURITIES - 99.3% (Cost $121,602,963)	119,208,951
NET OTHER ASSETS (LIABILITIES) - 0.7%	786,153
NET ASSETS - 100.0%	119,995,104

Legend

(a)	Amount is stated in United States dollars unless otherwise noted.

(b)	Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(c)	Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.

(d)	Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.

(e)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $1,174,615 or 1.0% of net assets.

(f)	Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Municipal Cash Central Fund.

(g)

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 ($)	% ownership, end of period
Fidelity Municipal Cash Central Fund 3.30%	4,134,997	10,552,998	13,793,000	28,791	(38)	(68)	894,889	0.0%
Total	4,134,997	10,552,998	13,793,000	28,791	(38)	(68)	894,889

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line item in the Statement of Operations, if applicable.

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of February 29, 2024, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Municipal Securities	118,314,062	-	118,314,062	-

Money Market Funds	894,889	894,889	-	-
Total Investments in Securities:	119,208,951	894,889	118,314,062	-

Financial Statements (Unaudited)

Statement of Assets and Liabilities
				February 29, 2024 (Unaudited)

Assets
Investment in securities, at value - See accompanying schedule:
Unaffiliated issuers (cost $120,708,001)	$	118,314,062
Fidelity Central Funds (cost $894,962)		894,889


Total Investment in Securities (cost $121,602,963)			$	119,208,951
Receivable for fund shares sold				54,010
Interest receivable				1,078,062
Distributions receivable from Fidelity Central Funds				2,978
Other receivables				65
Total assets				120,344,066
Liabilities
Payable to custodian bank	$	102,770
Payable for fund shares redeemed		120,317
Distributions payable		70,765
Accrued management fee		55,110
Total Liabilities				348,962
Net Assets			$	119,995,104
Net Assets consist of:
Paid in capital			$	124,573,550
Total accumulated earnings (loss)				(4,578,446)
Net Assets			$	119,995,104
Net Asset Value, offering price and redemption price per share ($119,995,104 ÷ 10,477,471 shares)			$	11.45

Statement of Operations
				Six months ended February 29, 2024 (Unaudited)
Investment Income
Interest			$	1,941,317
Income from Fidelity Central Funds				28,791
Total Income				1,970,108
Expenses
Management fee	$	337,277
Independent trustees' fees and expenses		205
Total expenses before reductions		337,482
Expense reductions		(80)
Total expenses after reductions				337,402
Net Investment income (loss)				1,632,706
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers		(582,467)
Fidelity Central Funds		(38)
Total net realized gain (loss)				(582,505)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers		4,129,364
Fidelity Central Funds		(68)
Total change in net unrealized appreciation (depreciation)				4,129,296
Net gain (loss)				3,546,791
Net increase (decrease) in net assets resulting from operations			$	5,179,497

Statement of Changes in Net Assets

		Six months ended February 29, 2024 (Unaudited)		Year ended August 31, 2023
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	1,632,706	$	3,393,740
Net realized gain (loss)		(582,505)		(1,548,566)
Change in net unrealized appreciation (depreciation)		4,129,296		218,535
Net increase (decrease) in net assets resulting from operations		5,179,497		2,063,709
Distributions to shareholders		(1,577,772)		(3,325,651)

Share transactions
Proceeds from sales of shares		9,217,790		15,773,231
Reinvestment of distributions		1,051,639		2,058,068
Cost of shares redeemed		(23,235,010)		(37,072,350)

Net increase (decrease) in net assets resulting from share transactions		(12,965,581)		(19,241,051)
Total increase (decrease) in net assets		(9,363,856)		(20,502,993)

Net Assets
Beginning of period		129,358,960		149,861,953
End of period	$	119,995,104	$	129,358,960

Other Information
Shares
Sold		826,246		1,418,888
Issued in reinvestment of distributions		93,920		184,558
Redeemed		(2,087,324)		(3,332,944)
Net increase (decrease)		(1,167,158)		(1,729,498)

Financial Highlights

Fidelity® Arizona Municipal Income Fund

		Six months ended (Unaudited) February 29, 2024		Years ended August 31, 2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	11.11	$	11.21	$	12.63	$	12.53	$	12.52	$	11.82
Income from Investment Operations
Net investment income (loss) A,B		.149		.273		.248		.257		.277		.298
Net realized and unrealized gain (loss)		.335		(.105)		(1.379)		.148		.009		.698
Total from investment operations		.484		.168		(1.131)		.405		.286		.996
Distributions from net investment income		(.144)		(.268)		(.247)		(.257)		(.276)		(.296)
Distributions from net realized gain		-		-		(.042)		(.048)		-		-
Total distributions		(.144)		(.268)		(.289)		(.305)		(.276)		(.296)
Net asset value, end of period	$	11.45	$	11.11	$	11.21	$	12.63	$	12.53	$	12.52
Total Return C,D		4.39%		1.52%		(9.07)%		3.27%		2.33%		8.56%
Ratios to Average Net Assets B,E,F
Expenses before reductions		.55% G		.55%		.55%		.55%		.55%		.55%
Expenses net of fee waivers, if any		.55% G		.55%		.55%		.55%		.55%		.55%
Expenses net of all reductions		.55% G		.55%		.55%		.55%		.55%		.55%
Net investment income (loss)		2.67% G		2.45%		2.07%		2.04%		2.23%		2.49%
Supplemental Data
Net assets, end of period (000 omitted)	$	119,995	$	129,359	$	149,862	$	190,014	$	178,875	$	180,860
Portfolio turnover rate H		7% G		15%		10%		8%		17%		13%

ACalculated based on average shares outstanding during the period.

BNet investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.

CTotal returns for periods of less than one year are not annualized.

DTotal returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

EFees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

FExpense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

GAnnualized.

HAmount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Notes to Financial Statements (Unaudited)

For the period ended February 29, 2024

1. Organization.

Fidelity Arizona Municipal Income Fund (the Fund) is a non-diversified fund of Fidelity Union Street Trust (the Trust) and is authorized to issue an unlimited number of shares. Share transactions on the Statement of Changes in Net Assets may contain exchanges between affiliated funds. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund may be affected by economic and political developments in the state of Arizona.

2. Investments in Fidelity Central Funds.

Funds may invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Schedule of Investments lists any Fidelity Central Funds held as an investment as of period end, but does not include the underlying holdings of each Fidelity Central Fund. An investing fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

Based on its investment objective, each Fidelity Central Fund may invest or participate in various investment vehicles or strategies that are similar to those of the investing fund. These strategies are consistent with the investment objectives of the investing fund and may involve certain economic risks which may cause a decline in value of each of the Fidelity Central Funds and thus a decline in the value of the investing fund.

Fidelity Central Fund	Investment Manager	Investment Objective	Investment Practices	Expense RatioA
Fidelity Money Market Central Funds	Fidelity Management & Research Company LLC (FMR)	Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.	Short-term Investments	Less than .005%

A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds which contain the significant accounting policies (including investment valuation policies) of those funds, and are not covered by the Report of Independent Registered Public Accounting Firm, are available on the Securities and Exchange Commission website or upon request.

3. Significant Accounting Policies.

The Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The Fund's Schedule of Investments lists any underlying mutual funds or exchange-traded funds (ETFs) but does not include the underlying holdings of these funds. The following summarizes the significant accounting policies of the Fund:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. 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 Fund categorizes the inputs to valuation techniques used to value its investments 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 the Fund's 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 open-end mutual funds, including the Fidelity Central 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. The aggregate value of investments by input level as of February 29, 2024 is included at the end of the Fund's Schedule of Investments.

Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Debt obligations may be placed on non-accrual status and related interest income may be reduced by ceasing current accruals and writing off interest receivables when the collection of all or a portion of interest has become doubtful based on consistently applied procedures. A debt obligation is removed from non-accrual status when the issuer resumes interest payments or when collectability of interest is reasonably assured.

Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of that fund and do not include any expenses associated with any underlying mutual funds or exchange-traded funds. Although not included in a fund's expenses, a fund indirectly bears its proportionate share of these expenses through the net asset value of each underlying mutual fund or exchange-traded fund. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Distributions are declared and recorded daily and paid monthly from net investment income. Distributions from realized gains, if any, are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to market discount, capital loss carryforwards and losses deferred due to excise tax regulations.

The Fund purchases municipal securities whose interest, in the opinion of the issuer, is free from federal income tax. There is no assurance that the IRS will agree with this opinion. In the event the IRS determines that the issuer does not comply with relevant tax requirements, interest payments from a security could become federally taxable, possibly retroactively to the date the security was issued.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

Gross unrealized appreciation	$2,444,019
Gross unrealized depreciation	(4,658,343)
Net unrealized appreciation (depreciation)	$(2,214,324)
Tax cost	$121,423,275

Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of prior fiscal period end and is subject to adjustment.

Short-term	$(657,051)
Long-term	(1,135,400)
Total capital loss carryforward	$(1,792,451)

Restricted Securities (including Private Placements). Funds may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities held at period end is included at the end of the Schedule of Investments, if applicable.

4. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities and in-kind transactions, as applicable, are noted in the table below.

	Purchases ($)	Sales ($)
Fidelity Arizona Municipal Income Fund	4,210,705	13,013,563

5. Fees and Other Transactions with Affiliates.

Management Fee. Fidelity Management & Research Company LLC (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee that is based on an annual rate of .55% of the Fund's average net assets. Under the management contract, the investment adviser pays all other expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense. The management fee is reduced by an amount equal to the fees and expenses paid by the Fund to the independent Trustees.

Subsequent Event - Sub-Advisory Arrangements. Effective March 1, 2024, the Fund's sub-advisory agreements with FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited, and Fidelity Management & Research (Japan) Limited will be amended to provide that the investment adviser will pay each sub-adviser monthly fees equal to 110% of the sub-adviser's costs for providing sub-advisory services.

6. Committed Line of Credit.

Certain Funds participate with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The commitment fees on the pro-rata portion of the line of credit are borne by the investment adviser. During the period, there were no borrowings on this line of credit.

7. Expense Reductions.

Through arrangements with the Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses by $80.

8. Other.

A fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the fund. In the normal course of business, a fund may also enter into contracts that provide general indemnifications. A fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against a fund. The risk of material loss from such claims is considered remote.

9. Risk and Uncertainties.

Many factors affect a fund's performance. Developments that disrupt global economies and financial markets, such as pandemics, epidemics, outbreaks of infectious diseases, war, terrorism, and environmental disasters, may significantly affect a fund's investment performance. The effects of these developments to a fund will be impacted by the types of securities in which a fund invests, the financial condition, industry, economic sector, and geographic location of an issuer, and a fund's level of investment in the securities of that issuer. Significant concentrations in security types, issuers, industries, sectors, and geographic locations may magnify the factors that affect a fund's performance.

Shareholder Expense Example

As a shareholder, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments or redemption proceeds, as applicable and (2) ongoing costs, which generally include management fees, distribution and/or service (12b-1) fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in a fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (September 1, 2023 to February 29, 2024).

Actual Expenses

The first line of the accompanying table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class/Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. If any fund is a shareholder of any underlying mutual funds or exchange-traded funds (ETFs) (the Underlying Funds), such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses incurred presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. If any fund is a shareholder of any Underlying Funds, such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses as presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

	Annualized Expense Ratio- A	Beginning Account Value September 1, 2023	Ending Account Value February 29, 2024	Expenses Paid During Period- C September 1, 2023 to February 29, 2024

Fidelity® Arizona Municipal Income Fund	.55%
Actual		$ 1,000	$ 1,043.90	$ 2.80
Hypothetical-B		$ 1,000	$ 1,022.13	$ 2.77

A Annualized expense ratio reflects expenses net of applicable fee waivers.

B 5% return per year before expenses

C Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/ 366 (to reflect the one-half year period). The fees and expenses of any Underlying Funds are not included in each annualized expense ratio.

Board Approval of Investment Advisory Contracts

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Arizona Municipal Income Fund

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), considers the renewal of the fund's management contract with Fidelity Management & Research Company LLC (FMR) and the sub-advisory agreements (together, the Advisory Contracts) for the fund. FMR and the sub-advisers are referred to herein as the Investment Advisers. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts throughout the year.

The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of the fund's Advisory Contracts, including the services and support provided to the fund and its shareholders. The Board's Operations Committee, of which all the Independent Trustees are members, meets regularly throughout the year and requests, receives and considers, among other matters, information related to the annual consideration of the renewal of the fund's Advisory Contracts before making its recommendation to the Board. The Board also meets as needed to review matters specifically related to the Board's annual consideration of the renewal of the Advisory Contracts. Members of the Board may also meet from time to time with trustees of other Fidelity funds through joint ad hoc committees to discuss certain matters relevant to all of the Fidelity funds.

At its September 2023 meeting, the Board unanimously determined to renew the fund's Advisory Contracts. In reaching its determination, the Board considered all factors it believed relevant, including (i) the nature, extent, and quality of the services provided to the fund and its shareholders (including the investment performance of the fund); (ii) the competitiveness relative to peer funds of the fund's management fee and total expense ratio; (iii) the total costs of the services provided by and the profits realized by FMR and its affiliates (Fidelity) from its relationships with the fund; and (iv) the extent to which, if any, economies of scale exist and are realized as the fund grows, and whether any economies of scale are appropriately shared with fund shareholders. The Board also considered the broad range of investment choices available to shareholders from FMR's competitors and that the fund's shareholders have chosen to invest in the fund, which is part of the Fidelity family of funds. The Board's decision to renew the Advisory Contracts was not based on any single factor.

The Board reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contracts was in the best interests of the fund and its shareholders and that the compensation payable under the Advisory Contracts was fair and reasonable in light of all of the surrounding circumstances.

Nature, Extent, and Quality of Services Provided. The Board considered Fidelity's staffing as it relates to the funds, including the backgrounds and experience of investment personnel, and also considered the Investment Advisers' implementation of the fund's investment program. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups. The Board considered the structure of the investment personnel compensation program and whether this structure provides appropriate incentives to act in the best interests of the fund. Additionally, the Board considered the portfolio managers' investments, if any, in the funds that they manage.

Resources Dedicated to Investment Management and Support Services. The Board reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, training, managing, and compensating investment personnel. The Board noted the resources devoted to Fidelity's global investment organization, and that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's trading, risk management, compliance, cybersecurity, and technology and operations capabilities and resources, which are integral parts of the investment management process.

Shareholder and Administrative Services. The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, and shareholder services performed by Fidelity under the Advisory Contracts and under separate agreements covering transfer agency and pricing and bookkeeping services for the fund; (ii) the nature and extent of Fidelity's supervision of third party service providers, principally custodians, subcustodians, and pricing vendors; and (iii) the resources devoted by Fidelity to, and the record of compliance with, the fund's compliance policies and procedures.

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value and convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information over the Internet and through telephone representatives, investor education materials and asset allocation tools. The Board also considered that it reviews customer service metrics such as telephone response times, continuity of services on the website and metrics addressing services at Fidelity Investor Centers.

Investment in a Large Fund Family. The Board considered the benefits to shareholders of investing in a fund that is part of a large family of funds offering a variety of investment disciplines and providing a large variety of fund investor services. The Board noted that Fidelity had taken, or had made recommendations to the Board that resulted in the Fidelity funds taking, a number of actions over the previous year that benefited particular funds and/or the Fidelity funds in general.

Investment Performance. The Board took into account discussions that occur with representatives of the Investment Advisers, and reports that it receives, at Board meetings throughout the year relating to fund investment performance. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board considered annualized return information for the fund for different time periods, measured against an appropriate securities market index (benchmark index) and an appropriate peer group of funds with similar objectives (peer group). The Board also considered information about performance attribution. In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds over different time periods and discussed with the Investment Advisers the reasons for such underperformance.

In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. The Independent Trustees generally give greater weight to fund performance over longer time periods than over shorter time periods. Depending on the circumstances, the Independent Trustees may be satisfied with a fund's performance notwithstanding that it lags its benchmark index or peer group for certain periods.

Based on its review, the Board concluded that the nature, extent, and quality of services provided to the fund under the Advisory Contracts should continue to benefit the shareholders of the fund.

Competitiveness of Management Fee and Total Expense Ratio. The Board was provided with information regarding industry trends in management fees and expenses. In its review of the fund's management fee and total expense ratio, the Board considered the fund's all-inclusive (subject to certain limited exceptions) fee rate. The Board also considered other expenses, such as transfer agent fees, pricing and bookkeeping fees, and custodial, legal, and audit fees, paid by FMR under the all-inclusive arrangement. The Board noted that Fidelity may agree to waive fees or reimburse expenses from time to time, and the extent to which, if any, it has done so for the fund.

Comparisons of Management Fees and Total Expense Ratios. Among other things, the Board reviewed data for selected groups of competitive funds and classes (referred to as "mapped groups") that were compiled by Fidelity based on combining similar investment objective categories (as classified by Lipper) that have comparable investment mandates. The data reviewed by the Board included (i) gross management fee comparisons (before taking into account expense reimbursements or caps) relative to the total universe of funds within the mapped group; (ii) gross management fee comparisons relative to a subset of non-Fidelity funds in the mapped group that are similar in size and management fee structure to the fund (referred to as the "asset size peer group"); (iii) total expense comparisons of the fund relative to funds and classes in the mapped group that have a similar sales load structure to the fund (referred to as the "similar sales load structure group"); and (iv) total expense comparisons of the fund relative to funds and classes in the similar sales load structure group that are similar in size and management fee structure to the fund (referred to as the "total expense asset size peer group"). The total expense asset size peer group comparison excludes performance adjustments and fund-paid 12b-1 fees to eliminate variability in fee structures.

The information provided to the Board indicated that the fund's management fee rate ranked above the competitive median of the mapped group for 2022 and above the competitive median of the asset size peer group for 2022. Further, the information provided to the Board indicated that the total expense ratio of the fund ranked equal to the competitive median of the similar sales load structure group for 2022 and below the competitive median of the total expense asset size peer group for 2022.

The Board noted that the fund has an all-inclusive management fee that covers expenses beyond portfolio management, whereas the majority of its competitors do not have all-inclusive fees. The Board further noted that when compared to the total expenses of its load-type competitors, the fund ranks below its load-type group median for 2022.

Fees Charged to Other Fidelity Clients. The Board also considered Fidelity fee structures and other information with respect to clients of Fidelity, such as other funds advised or subadvised by Fidelity, pension plan clients, and other institutional clients with similar mandates. The Board noted that a joint ad hoc committee created by it and the boards of other Fidelity funds periodically reviews and compares Fidelity's institutional investment advisory business with its business of providing services to the Fidelity funds and also noted the most recent findings of the committee. The Board noted that the committee's review included a consideration of the differences in services provided, fees charged, and costs incurred, as well as competition in the markets serving the different categories of clients.

Based on its review, the Board concluded that the fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered. Further, based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that the fund's total expense ratio was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

Costs of the Services and Profitability. The Board considered the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing the fund and servicing the fund's shareholders. The Board also considered the level of Fidelity's profits in respect of all the Fidelity funds.

On an annual basis, Fidelity presents to the Board information about the profitability of its relationships with the fund. Fidelity calculates profitability information for the fund, as well as aggregate profitability information for groups of Fidelity funds and all Fidelity funds, using a series of detailed revenue and cost allocation methodologies which originate with the books and records of Fidelity on which Fidelity's audited financial statements are based. The Audit Committee of the Board reviews any significant changes from the prior year's methodologies and the full Board approves such changes.

A public accounting firm has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. The engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's fund business, and completion of agreed-upon procedures in respect of the mathematical accuracy of certain fund profitability information and its conformity to established allocation methodologies. After considering the reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.

The Board also reviewed Fidelity's non-fund businesses and potential indirect benefits such businesses may have received as a result of their association with Fidelity's fund business (i.e., fall-out benefits) as well as cases where Fidelity's affiliates may benefit from the fund's business. The Board considered areas where potential indirect benefits to the Fidelity funds from their relationships with Fidelity may exist. The Board's consideration of these matters was informed by the findings of a joint ad hoc committee created by it and the boards of other Fidelity funds to evaluate potential fall-out benefits.

The Board considered the costs of the services provided by and the profits realized by Fidelity in connection with the operation of the fund and was satisfied that the profitability was not excessive.

Economies of Scale. The Board considered whether there have been economies of scale in respect of the management of the Fidelity funds, whether the Fidelity funds (including the fund) have appropriately benefited from any such economies of scale, and whether there is potential for realization of any further economies of scale. The Board considered the extent to which the fund will benefit from economies of scale as assets grow through increased services to the fund, through waivers or reimbursements, or through fee or expense ratio reductions. The Board recognized that, due to the fund's current contractual arrangements, its expense ratio will not decline if the fund's operating costs decrease as assets grow, or rise as assets decrease. The Board also noted that a committee created by it and the boards of other Fidelity funds periodically analyzes whether Fidelity attains economies of scale in respect of the management and servicing of the Fidelity funds, whether the Fidelity funds have appropriately benefited from such economies of scale, and whether there is potential for realization of any further economies of scale.

The Board concluded, taking into account the analysis of the committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

Additional Information Requested by the Board. In order to develop fully the factual basis for consideration of the Fidelity funds' advisory contracts, the Board requested and received additional information on certain topics, including: (i) Fidelity's fund profitability methodology, profitability trends for certain funds, the allocation of various costs to different funds, and the impact of certain factors on fund profitability results; (ii) portfolio manager changes that have occurred during the past year and Fidelity's views regarding portfolio manager investment in the Fidelity funds that they manage; (iii) hiring, training, and retaining personnel; (iv) the arrangements with and compensation paid to certain fund sub-advisers and the treatment of such compensation within Fidelity's fund profitability methodology; (v) the terms of the funds' various management fee structures, including the basic group fee and the terms of Fidelity's voluntary expense limitation arrangements; (vi) Fidelity's transfer agent, pricing and bookkeeping fees, expense and service structures for different funds and classes relative to competitive trends and market conditions; (vii) the impact on fund profitability of recent industry trends, such as the growth in passively managed funds and the changes in flows for different types of funds; (viii) the types of management fee and total expense comparisons provided, and the challenges and limitations associated with such information; (ix) explanations regarding the relative total expense ratios and management fees of certain funds and classes, total expense and management fee competitive trends, and methodologies for total expense and management fee competitive comparisons; (x) information concerning expense limitations applicable to certain funds; and (xi) matters related to money market funds, exchange-traded funds, and target date funds.

Conclusion. Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board, including the Independent Trustees, concluded that the advisory fee arrangements are fair and reasonable in light of all of the surrounding circumstances and that the fund's Advisory Contracts should be renewed through September 30, 2024.

Board Approval of Investment Advisory Contracts

Fidelity Arizona Municipal Income Fund

At its January 2024 meeting, the Board of Trustees, including the Independent Trustees (together, the Board), approved amended and restated sub-advisory agreements (the Sub-Advisory Contracts) for the fund, including the fund's sub-advisory agreements with FMR Investment Management (UK) Limited (FMR UK), Fidelity Management & Research (Hong Kong) Limited (FMR H.K.), and Fidelity Management & Research (Japan) Limited (FMR Japan). The Sub-Advisory Contracts will be effective March 1, 2024. The Board will consider the annual renewal of the fund's Sub-Advisory Contracts in September 2024, following its review of additional materials provided by FMR.

The Board considered the Sub-Advisory Contracts, which changed the arrangements for fees paid by FMR to the sub-advisers under the agreements. The Board noted that the agreements with FMR UK, FMR H.K., and FMR Japan were amended to provide that FMR will compensate each sub-adviser at a fee equal to 110% of the sub-adviser's costs incurred in providing services under the agreement. The Board considered that, under the Sub-Advisory Contracts, FMR, and not the fund, will continue to pay the sub-advisory fees to each applicable sub-adviser, and that the management fee paid by the fund under the management contract with FMR will remain unchanged.

The Board considered that the approval of the fund's Sub-Advisory Contracts will not result in any changes in the investment process or strategies employed in the management of the fund's assets or the day-to-day management of the fund or the persons primarily responsible for such management. Further, the Board considered that the Sub-Advisory Contracts would not change the obligations and services of FMR and its affiliates on behalf of the fund, and, in particular, there would be no change in the nature and level of services provided to the fund by FMR and its affiliates.

In connection with its consideration of future renewals of the fund's advisory contracts, the Board will consider: (i) the nature, extent and quality of services provided to the funds, including shareholder and administrative services and investment performance; (ii) the competitiveness of the management fee and total expenses for the fund; (iii) the costs of the services and profitability, including the revenues earned and the expenses incurred in conducting the business of developing, marketing, distributing, managing, administering, and servicing the fund and its shareholders, to the extent applicable; and (iv) whether there have been economies of scale in respect of the Fidelity funds, whether the Fidelity funds (including the fund) have appropriately benefited from any such economies of scale, and whether there is the potential for realization of any further economies.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board concluded that the fund's management fee structure is fair and reasonable, and that the fund's Sub-Advisory Contracts should be approved.

Liquidity Risk Management Program

The Securities and Exchange Commission adopted Rule 22e-4 under the Investment Company Act of 1940 (the Liquidity Rule) to promote effective liquidity risk management throughout the open-end investment company industry, thereby reducing the risk that funds will be unable to meet their redemption obligations and mitigating dilution of the interests of fund shareholders.

The Fund has adopted and implemented a liquidity risk management program (the Program) reasonably designed to assess and manage the Fund's liquidity risk and to comply with the requirements of the Liquidity Rule. The Fund's Board of Trustees (the Board) has designated the Fund's investment adviser as administrator of the Program. The Fidelity advisers have established a Liquidity Risk Management Committee (the LRM Committee) to manage the Program for each of the Fidelity Funds. The LRM Committee monitors the adequacy and effectiveness of implementation of the Program and on a periodic basis assesses each Fund's liquidity risk based on a variety of factors including (1) the Fund's investment strategy, (2) portfolio liquidity and cash flow projections during normal and reasonably foreseeable stressed conditions, (3) shareholder redemptions, (4) borrowings and other funding sources and (5) certain factors specific to ETFs including the effect of the Fund's prices and spreads, market participants, and basket compositions on the overall liquidity of the Fund's portfolio, as applicable.

In accordance with the Program, each of the Fund's portfolio investments is classified into one of four defined liquidity categories based on a determination of a reasonable expectation for how long it would take to convert the investment to cash (or sell or dispose of the investment) without significantly changing its market value.

Highly liquid investments - cash or convertible to cash within three business days or less
Moderately liquid investments - convertible to cash in three to seven calendar days
Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
Illiquid investments - cannot be sold or disposed of within seven calendar days

Liquidity classification determinations take into account a variety of factors including various market, trading and investment-specific considerations, as well as market depth, and generally utilize analysis from a third-party liquidity metrics service.

The Liquidity Rule places a 15% limit on a fund's illiquid investments and requires funds that do not primarily hold assets that are highly liquid investments to determine and maintain a minimum percentage of the fund's net assets to be invested in highly liquid investments (highly liquid investment minimum or HLIM). The Program includes provisions reasonably designed to comply with the 15% limit on illiquid investments and for determining, periodically reviewing and complying with the HLIM requirement as applicable.

At a recent meeting of the Fund's Board of Trustees, the LRM Committee provided a written report to the Board pertaining to the operation, adequacy, and effectiveness of the Program for the period December 1, 2022 through November 30, 2023. The report concluded that the Program is operating effectively and is reasonably designed to assess and manage the Fund's liquidity risk.

Proxy Voting Results

A special meeting of shareholders was held on October 18, 2023. The results of votes taken among shareholders on the proposal before them are reported below. Each vote reported represents one dollar of net asset value held on the record date for the meeting.
Proposal 1
To elect a Board of Trustees.
	# of Votes	% of Votes
Abigail P. Johnson
Affirmative	242,066,552.08	91.65
Withheld	22,039,917.22	8.35
TOTAL	264,106,469.30	100.00
Jennifer Toolin McAuliffe
Affirmative	242,066,552.08	91.65
Withheld	22,039,917.22	8.35
TOTAL	264,106,469.30	100.00
Christine J. Thompson
Affirmative	242,066,017.16	91.65
Withheld	22,040,452.14	8.35
TOTAL	264,106,469.30	100.00
Elizabeth S. Acton
Affirmative	244,676,369.77	92.64
Withheld	19,430,099.53	7.36
TOTAL	264,106,469.30	100.00
Laura M. Bishop
Affirmative	241,054,335.83	91.27
Withheld	23,052,133.47	8.73
TOTAL	264,106,469.30	100.00
Ann E. Dunwoody
Affirmative	244,728,263.98	92.66
Withheld	19,378,205.32	7.34
TOTAL	264,106,469.30	100.00
John Engler
Affirmative	237,382,398.28	89.88
Withheld	26,724,071.02	10.12
TOTAL	264,106,469.30	100.00
Robert F. Gartland
Affirmative	245,243,912.81	92.86
Withheld	18,862,556.49	7.14
TOTAL	264,106,469.30	100.00
Robert W. Helm
Affirmative	245,243,377.92	92.86
Withheld	18,863,091.38	7.14
TOTAL	264,106,469.30	100.00
Arthur E. Johnson
Affirmative	241,003,897.25	91.25
Withheld	23,102,572.05	8.75
TOTAL	264,106,469.30	100.00
Michael E. Kenneally
Affirmative	241,518,090.53	91.45
Withheld	22,588,378.77	8.55
TOTAL	264,106,469.30	100.00
Mark A. Murray
Affirmative	245,191,483.71	92.84
Withheld	18,914,985.59	7.16
TOTAL	264,106,469.30	100.00
Carol J. Zierhoffer
Affirmative	241,002,441.62	91.25
Withheld	23,104,027.68	8.75
TOTAL	264,106,469.30	100.00

Proposal 1 reflects trust wide proposal and voting results.

1.700927.126

AZI-SPZ-SANN-0424

Fidelity® Maryland Municipal Income Fund

Semi-Annual Report

February 29, 2024

Contents

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example

Board Approval of Investment Advisory Contracts

Liquidity Risk Management Program

Proxy Voting Results

You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.

Investment Summary February 29, 2024 (Unaudited)

Revenue Sources (% of Fund's net assets)
Health Care	25.8
General Obligations	20.7
Special Tax	12.8
Transportation	11.1
Water & Sewer	10.3
Education	8.3
Housing	6.6
Others* (Individually Less Than 5%)	4.4
	100.0

*Includes net other assets

Quality Diversification (% of Fund's net assets)

Schedule of Investments February 29, 2024 (Unaudited)

Showing Percentage of Net Assets

Municipal Bonds - 96.8%
	Principal Amount (a)	Value ($)
District Of Columbia - 1.2%
Washington D.C. Metropolitan Transit Auth. Rev. Series 2017 B, 5% 7/1/33	2,000,000	2,123,956
Maryland - 94.2%
Anne Arundel County Gen. Oblig. Series 2021, 3% 10/1/37	1,300,000	1,195,517
Baltimore Convention Ctr. Hotel Rev. Series 2017, 5% 9/1/32	1,500,000	1,500,434
Baltimore County Gen. Oblig.:
Series 2019, 4% 11/1/33	1,805,000	1,909,610
Series 2020:
4% 1/1/32	700,000	707,045
4% 1/1/33	1,200,000	1,210,918
4% 1/1/35	1,230,000	1,237,262
4% 1/1/37	1,500,000	1,494,757
4% 1/1/45	1,750,000	1,615,588
4% 1/1/50	2,400,000	2,128,164
Series 2021:
3% 3/1/37	1,000,000	930,271
3% 3/1/39	3,220,000	2,888,378
Baltimore Gen. Oblig.:
(East Baltimore Research Park Proj.) Series 2017 A, 5% 9/1/38	1,650,000	1,661,724
Series 2015, 5% 6/15/24	500,000	501,794
Series 2017 A:
5% 10/15/34	2,000,000	2,136,136
5% 10/15/36	1,000,000	1,060,311
5% 10/15/37	1,005,000	1,061,412
Series 2022 A, 5% 10/15/36	1,565,000	1,829,750
Baltimore Proj. Rev.:
(Wastewtr. Projs.) Series 2014 C:
5% 7/1/27	2,325,000	2,360,224
5% 7/1/34	1,285,000	1,302,393
(Wtr. Projs.):
Series 2014 A:
5% 7/1/28	2,825,000	2,867,164
5% 7/1/33	3,000,000	3,041,072
Series 2020 A, 5% 7/1/50	2,490,000	2,654,041
Series 2017 D, 5% 7/1/31	5,260,000	5,558,809
Charles County Gen. Oblig.:
Series 2017:
2.8% 10/1/31	1,105,000	1,054,448
2.9% 10/1/32	1,960,000	1,869,732
Series 2020, 1.625% 10/1/33	2,505,000	2,039,674
City of Westminster Series 2016, 5% 11/1/31	1,000,000	1,036,601
Frederick County Gen. Oblig. Series 2021 A, 1.75% 10/1/37	2,000,000	1,490,856
Harford County Gen. Oblig. Series 2018:
2.85% 9/15/31	1,820,000	1,745,500
2.95% 9/15/32	1,045,000	1,002,333
3.05% 9/15/34	260,000	255,057
3.15% 9/15/36	670,000	642,411
Howard County Hsg. Commn Lease (Roger Carter Recreation Ctr. Proj.) Series 2021, 2% 6/1/39	755,000	550,909
Maryland Cmnty. Dev. Admin Dept. Hsg. & Cmnty. Dev.:
Series 2019 B, 4% 9/1/49	455,000	452,892
Series 2019 C:
3.5% 3/1/50	850,000	836,959
5% 9/1/29	550,000	594,233
5% 3/1/30	700,000	756,021
5% 3/1/31	1,150,000	1,242,770
Series 2020 A:
2.5% 9/1/40	1,000,000	797,873
2.6% 3/1/42	3,490,000	2,747,568
Series 2021 B, 3% 9/1/51	1,250,000	1,211,848
Series 2023 E, 6.25% 3/1/54	2,000,000	2,189,956
Maryland Dept. of Trans.:
Series 2021 A:
2% 10/1/34	2,000,000	1,657,823
3% 10/1/32	570,000	556,907
Series 2021 B:
4% 8/1/51 (b)	2,005,000	1,860,015
5% 8/1/46 (b)	2,000,000	2,094,430
Maryland Econ. Dev. Auth. Rev.:
(Ports America Chesapeake LLC. Proj.) Series 2017 A, 5% 6/1/29	1,850,000	1,954,838
(Term. Proj.) Series 2019 A:
5% 6/1/44 (b)	500,000	515,130
5% 6/1/49 (b)	1,000,000	1,022,639
Maryland Econ. Dev. Corp. (Purple Line Lt. Rail Proj.) Series 2022 B:
5% 6/30/37 (b)	2,465,000	2,587,301
5.25% 6/30/55 (b)	1,000,000	1,016,445
Maryland Econ. Dev. Corp. Air Cargo Series 2019:
5% 7/1/27 (b)	200,000	206,850
5% 7/1/28 (b)	630,000	659,407
5% 7/1/29 (b)	585,000	619,226
Maryland Econ. Dev. Corp. Student Hsg. Rev.:
(Morgan State Univ. Proj.) Series 2022 A, 5.75% 7/1/53	1,000,000	1,093,542
(Towson Univ. Proj.) Series 2017:
5% 7/1/26	350,000	356,587
5% 7/1/28	305,000	312,481
5% 7/1/29	185,000	189,134
5% 7/1/30	250,000	255,276
5% 7/1/31	300,000	305,772
5% 7/1/32	325,000	330,448
5% 7/1/36	500,000	503,923
(Univ. of Maryland, Baltimore County Proj.) Series 2016:
5% 7/1/28 (Assured Guaranty Muni. Corp. Insured)	350,000	363,613
5% 7/1/29 (Assured Guaranty Muni. Corp. Insured)	700,000	727,096
(Univ. of Maryland, College Park Projs.) Series 2016, 5% 6/1/43 (Assured Guaranty Muni. Corp. Insured)	575,000	585,124
Maryland Gen. Oblig. Series 2016 1, 3% 6/1/31	1,085,000	1,073,873
Maryland Health & Higher Edl.:
Series 2020:
4% 7/1/40	300,000	297,188
4% 7/1/45	750,000	714,169
4% 7/1/50	1,000,000	923,734
Series 2021 A:
2.5% 7/1/51	5,000,000	3,242,750
3% 7/1/51	1,000,000	726,780
4% 6/1/39	475,000	439,429
4% 6/1/40	500,000	456,856
4% 6/1/55	500,000	406,150
Series 2023, 5% 7/1/39	1,000,000	1,080,152
Maryland Health & Higher Edl. Facilities Auth. Rev.:
(Anne Arundel Med. Ctr., MD Proj.) Series 2017 A:
5% 7/1/28	520,000	543,388
5% 7/1/30	850,000	887,320
5% 7/1/31	1,400,000	1,459,642
5% 7/1/32	290,000	301,959
Series 2013 B, 5% 8/15/38	2,000,000	2,000,363
Series 2015 A, 5% 5/15/30	1,000,000	1,024,545
Series 2015:
4% 8/15/45	250,000	238,018
5% 7/1/26 (Pre-Refunded to 7/1/24 @ 100)	1,000,000	1,003,725
5% 7/1/27 (Pre-Refunded to 7/1/24 @ 100)	1,000,000	1,003,725
5% 8/15/29	2,000,000	2,032,225
5% 7/1/31	2,200,000	2,258,089
5% 7/1/33	1,325,000	1,350,128
5% 7/1/34	1,200,000	1,222,514
Series 2016 A:
4% 7/1/42	2,175,000	2,032,007
5% 7/1/35	1,500,000	1,541,299
5% 7/1/38	3,215,000	3,272,820
5.5% 1/1/31	1,500,000	1,572,307
Series 2016:
5% 6/1/26	300,000	305,608
5% 6/1/27	255,000	260,416
5% 6/1/28	310,000	316,886
5% 6/1/29	350,000	357,806
5% 7/1/31	500,000	521,587
5% 6/1/33	305,000	311,081
5% 6/1/36	250,000	254,114
Series 2017:
4% 7/1/42	2,845,000	2,825,470
5% 6/1/27	290,000	296,159
5% 6/1/31	425,000	434,100
5% 6/1/33	970,000	989,340
5% 6/1/35	600,000	611,251
5% 6/1/42	1,000,000	1,002,201
Series 2019 A, 5% 10/1/49	2,000,000	2,100,520
Series 2020 A:
5% 7/1/24	355,000	356,357
5% 7/1/34	1,000,000	1,082,378
5% 7/1/35	1,000,000	1,080,465
Series 2020 B:
5% 4/15/34	1,010,000	1,120,084
5% 4/15/35	1,000,000	1,107,124
Maryland St Stad Auth. Lease Rev. Series 2019 C, 3% 12/15/34	545,000	523,488
Maryland Stadium Auth. Built to Learn Rev.:
Series 2021:
4% 6/1/46	1,000,000	989,802
4% 6/1/51	1,000,000	970,916
Series 2022 A, 4% 6/1/36	1,875,000	1,956,581
Maryland Stadium Auth. Rev. (Pub. Schools Construction and Revitalization Prog.):
Series 2016:
5% 5/1/30	1,715,000	1,788,622
5% 5/1/36	2,000,000	2,073,604
Series 2018 A, 5% 5/1/36	1,580,000	1,694,990
Maryland Trans. Auth. Trans. Facility Projs. Rev.:
Series 2017, 5% 7/1/30	3,000,000	3,222,647
Series 2020, 5% 7/1/36	490,000	550,845
Series 2021 A:
2.5% 7/1/47	2,000,000	1,381,216
3% 7/1/37	1,620,000	1,491,037
Montgomery County Gen. Oblig. Series A, 4% 11/1/33	3,000,000	3,173,867
Montgomery County Hsg. Opportunities Commission Series 2023 C, 5.75% 1/1/58	500,000	556,937
Prince Georges County Ctfs. of Prtn.:
Series 2018, 5% 10/1/48	2,100,000	2,187,425
Series 2021:
4% 10/1/39	1,205,000	1,220,630
4% 10/1/40	1,255,000	1,266,406
Prince Georges County Gen. Oblig.:
Series 2020 A, 5% 7/15/34	1,010,000	1,105,914
Series 2021 A, 2% 7/1/35	1,000,000	824,277
Salisbury Gen. Oblig. Series 2021, 3% 9/1/30	305,000	303,338
Washington Metropolitan Area Transit Auth. Series 2021 A:
3% 7/15/36	400,000	380,018
5% 7/15/46	3,350,000	3,630,919
TOTAL MARYLAND		164,876,003
Puerto Rico - 1.4%
Puerto Rico Commonwealth Aqueduct & Swr. Auth. Series 2021 B, 5% 7/1/37 (c)	445,000	457,599
Puerto Rico Commonwealth Pub. Impt. Gen. Oblig. Series 2021 A1:
0% 7/1/33	505,310	324,995
5.625% 7/1/27	55,000	58,052
5.625% 7/1/29	185,000	200,385
5.75% 7/1/31	445,000	496,089
Puerto Rico Sales Tax Fing. Corp. Sales Tax Rev.:
Series 2018 A1, 4.55% 7/1/40	335,000	336,760
Series 2019 A2, 4.329% 7/1/40	505,000	501,429
TOTAL PUERTO RICO		2,375,309
TOTAL MUNICIPAL BONDS (Cost $172,454,293)		169,375,268

Money Market Funds - 2.2%
	Shares	Value ($)
Fidelity Municipal Cash Central Fund 3.30% (d)(e) (Cost $3,853,144)	3,852,373	3,853,144

TOTAL INVESTMENT IN SECURITIES - 99.0% (Cost $176,307,437)	173,228,412
NET OTHER ASSETS (LIABILITIES) - 1.0%	1,769,820
NET ASSETS - 100.0%	174,998,232

Legend

(a)	Amount is stated in United States dollars unless otherwise noted.

(b)	Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.

(c)	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 $457,599 or 0.3% of net assets.

(d)	Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Municipal Cash Central Fund.

(e)

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 ($)	% ownership, end of period
Fidelity Municipal Cash Central Fund 3.30%	1,088,000	30,424,000	27,659,000	71,651	144	-	3,853,144	0.2%
Total	1,088,000	30,424,000	27,659,000	71,651	144	-	3,853,144

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Municipal Securities	169,375,268	-	169,375,268	-

Money Market Funds	3,853,144	3,853,144	-	-
Total Investments in Securities:	173,228,412	3,853,144	169,375,268	-

Financial Statements (Unaudited)

Statement of Assets and Liabilities
				February 29, 2024 (Unaudited)

Assets
Investment in securities, at value - See accompanying schedule:
Unaffiliated issuers (cost $172,454,293)	$	169,375,268
Fidelity Central Funds (cost $3,853,144)		3,853,144


Total Investment in Securities (cost $176,307,437)			$	173,228,412
Cash				134,417
Receivable for fund shares sold				153,207
Interest receivable				1,793,442
Distributions receivable from Fidelity Central Funds				12,362
Other receivables				88
Total assets				175,321,928
Liabilities
Payable for fund shares redeemed	$	108,640
Distributions payable		134,620
Accrued management fee		80,436
Total Liabilities				323,696
Net Assets			$	174,998,232
Net Assets consist of:
Paid in capital			$	181,825,546
Total accumulated earnings (loss)				(6,827,314)
Net Assets			$	174,998,232
Net Asset Value, offering price and redemption price per share ($174,998,232 ÷ 16,269,285 shares)			$	10.76

Statement of Operations
				Six months ended February 29, 2024 (Unaudited)
Investment Income
Interest			$	2,731,723
Income from Fidelity Central Funds				71,651
Total Income				2,803,374
Expenses
Management fee	$	469,695
Independent trustees' fees and expenses		274
Total expenses before reductions		469,969
Expense reductions		(185)
Total expenses after reductions				469,784
Net Investment income (loss)				2,333,590
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers		(1,162,467)
Fidelity Central Funds		144
Total net realized gain (loss)				(1,162,323)
Change in net unrealized appreciation (depreciation) on investment securities				6,359,693
Net gain (loss)				5,197,370
Net increase (decrease) in net assets resulting from operations			$	7,530,960

Statement of Changes in Net Assets

		Six months ended February 29, 2024 (Unaudited)		Year ended August 31, 2023
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	2,333,590	$	3,998,995
Net realized gain (loss)		(1,162,323)		(1,136,083)
Change in net unrealized appreciation (depreciation)		6,359,693		(752,347)
Net increase (decrease) in net assets resulting from operations		7,530,960		2,110,565
Distributions to shareholders		(2,181,769)		(3,932,743)

Share transactions
Proceeds from sales of shares		41,258,011		65,338,292
Reinvestment of distributions		1,365,605		2,711,242
Cost of shares redeemed		(39,182,482)		(76,367,564)

Net increase (decrease) in net assets resulting from share transactions		3,441,134		(8,318,030)
Total increase (decrease) in net assets		8,790,325		(10,140,208)

Net Assets
Beginning of period		166,207,907		176,348,115
End of period	$	174,998,232	$	166,207,907

Other Information
Shares
Sold		4,015,113		6,296,010
Issued in reinvestment of distributions		130,006		258,715
Redeemed		(3,795,789)		(7,383,091)
Net increase (decrease)		349,330		(828,366)

Financial Highlights

Fidelity® Maryland Municipal Income Fund

		Six months ended (Unaudited) February 29, 2024		Years ended August 31, 2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	10.44	$	10.53	$	11.88	$	11.69	$	11.78	$	11.11
Income from Investment Operations
Net investment income (loss) A,B		.143		.254		.233		.239		.257		.259
Net realized and unrealized gain (loss)		.311		(.094)		(1.305)		.232		(.090)		.670
Total from investment operations		.454		.160		(1.072)		.471		.167		.929
Distributions from net investment income		(.134)		(.250)		(.234)		(.239)		(.257)		(.259)
Distributions from net realized gain		-		-		(.044)		(.042)		-		-
Total distributions		(.134)		(.250)		(.278)		(.281)		(.257)		(.259)
Net asset value, end of period	$	10.76	$	10.44	$	10.53	$	11.88	$	11.69	$	11.78
Total Return C,D		4.39%		1.54%		(9.15)%		4.08%		1.45%		8.48%
Ratios to Average Net Assets B,E,F
Expenses before reductions		.55% G		.55%		.55%		.55%		.55%		.55%
Expenses net of fee waivers, if any		.55% G		.55%		.55%		.55%		.55%		.55%
Expenses net of all reductions		.55% G		.55%		.55%		.55%		.55%		.55%
Net investment income (loss)		2.75% G		2.42%		2.08%		2.03%		2.21%		2.29%
Supplemental Data
Net assets, end of period (000 omitted)	$	174,998	$	166,208	$	176,348	$	232,515	$	222,833	$	224,276
Portfolio turnover rate H		23% G		12%		10%		10%		19%		10%

ACalculated based on average shares outstanding during the period.

CTotal returns for periods of less than one year are not annualized.

DTotal returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

GAnnualized.

HAmount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Notes to Financial Statements (Unaudited)

For the period ended February 29, 2024

1. Organization.

Fidelity Maryland Municipal Income Fund (the Fund) is a non-diversified fund of Fidelity Union Street Trust (the Trust) and is authorized to issue an unlimited number of shares. Share transactions on the Statement of Changes in Net Assets may contain exchanges between affiliated funds. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund may be affected by economic and political developments in the state of Maryland.

2. Investments in Fidelity Central Funds.

Fidelity Central Fund	Investment Manager	Investment Objective	Investment Practices	Expense RatioA
Fidelity Money Market Central Funds	Fidelity Management & Research Company LLC (FMR)	Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.	Short-term Investments	Less than .005%