Fidelity® Intermediate Municipal Income (FLTMX)

10.66
Net Asset Value
+0.09%
1 Day
+1.04%
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+1.39% 3 years+3.46%
3 months+1.65% 5 years+4.24%
1 year+6.41% Since inception+5.77%
Data through --

Peer Comparisonvs. Muni national interm

 FLTMXCategory
Performance 5-yr return+4.24%+4.25%
Expense ratio0.37%0.84%
Risk 5 year sharpe ratio1.451.16
Net assets$5.2B$1.7B
Average market cap--$12.1B
Average P/E--16.9
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 income95.90%
Cash4.10%
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 Go Bds 3%0.99%
-- New York N Y City Transitional Future 5%0.87%
-- California St G O Bds 6%0.87%
-- Indiana Health Fac Fing Auth 0.3%0.81%
-- Michigan St Hosp Fin Auth 0.3%0.75%
-- Virginia St Pub Bldg Auth 5%0.74%
-- Illinois St Toll Hwy Auth 5%0.74%
-- Univ Mich Univ Revs Gen Rev B0.73%
-- Georgia St Go Ref Bd 5%0.66%
-- Louisiana St Gas & Fuels Tax R Rev Ref B0.60%

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