Fidelity® Intermediate Municipal Income (FLTMX)

10.54
Net Asset Value
+0.09%
1 Day
+3.64%
Year-to-Date
Overall Morningstar Rating
Muni national interm
Style or Category
No Load
Sales Expenses
0.37%
Expense Ratio
Low
Morningstar Risk Rating™
Investment Objective The investment seeks as high a level of current income, exempt from federal income tax, as is consistent with the preservation of capital. The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal income tax. It allocates assets across different market sectors and maturities. The fund invests more than 25% of total assets in municipal securities that finance similar types of projects. It maintains a dollar-weighted average maturity between three and 10 years.

Performance

1 month+0.71% 3 years+3.74%
3 months+1.17% 5 years+4.29%
1 year+7.63% Since inception+5.78%
Data through --

Peer Comparisonvs. Muni national interm

 FLTMXCategory
Performance 5-yr return+4.29%+4.96%
Expense ratio0.37%0.83%
Risk 5 year sharpe ratio1.391.16
Net assets$4.9B$1.5B
Average market cap----
Average P/E----
Portfolio turnover15%15%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureMark Sommer / 8 Years
Minimal initial investment$10,000.00
Minimum IRA investment$10,000.00

Holdings

Fixed income89.51%
Cash10.49%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- New York N Y City Transitional Future 5%0.94%
-- California St G O Bds 6%0.92%
-- Univ Mich Univ Revs Gen Rev B0.78%
-- Illinois St Toll Hwy Auth 5%0.75%
-- Louisiana St Gas & Fuels Tax R Rev Ref B0.65%
-- Farmington N Mex Pollutn Ctl R Re 2.875%0.61%
-- Broward Cnty Fla Sch Brd Ctfs Cops 5%0.60%
-- Louisville & Jefferson Cnty Ky Re 6.125%0.59%
-- Metropolitan Wtr Dist0.54%
-- Illinois Dev Fin Auth0.50%

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