Fidelity Municipal Income is losing another experienced comanager, but the team that remains has solid industry experience. This combined with the strategy’s consistent and distinctive approach will help it retain its edge, resulting in a Morningstar Analyst Rating of Silver for the strategy’s cheapest share classes, while its more expensive share classes are rated Bronze and Neutral.
Fidelity® Municipal Income FHIGX
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will FHIGX outperform in 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 FHIGX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FHIGX 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 FHIGX’s parent organization’s priorities and whether they’re in line with investors’ interests.