Morningstar

Fidelity Intermediate Municipal Income Fund FLTMX

Morningstar Medalist Rating
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Medalist Rating as of See Fidelity Investment Hub
  • NAV / 1-Day Return $9.95  /  0.00
  • Fund Size $13.1B
  • Adjusted Expense Ratio 0.370%
  • Net Expense Ratio 0.370%
  • Fee Level: Distribution Low
  • Share Class Type No Load
  • Morningstar Category Muni National Interm
  • Fixed-Income Style Box (Funds) Medium/Moderate
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 3.12%
  • Average Effective Duration 5.72 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FLTMX

Will FLTMX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FLTMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FLTMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FLTMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A top pick for muni investors.

Associate Director Tom Murphy

Tom Murphy

Associate Director

Summary

Fidelity Intermediate Municipal Income’s seasoned team applies a consistent and risk-aware process that has historically offered investors a smoother ride than many muni national intermediate Morningstar Category peers.

by Tom Murphy
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Portfolio Holdings FLTMX

More FLTMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Municipal Cash Central

2.11 271M
Cash and Equivalents

Us Dollar

1.71 219M
Cash and Equivalents

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.87 111M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.85 109M
municipal

MAIN STR ENERGY INC GA ENERGY PROJ REV 5%

0.78 100M
municipal

Net Other Assets

0.78 100M
—

MAIN STR ENERGY INC GA ENERGY PROJ REV 5%

0.72 92M
municipal

LOWER ALA GAS DIST GAS PROJ REV 5%

0.60 77M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.60 77M
municipal

TEXAS MUNICIPAL 5.25% 04/01/3

0.59 76M
municipal

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