While there's been some change, the team at the helm of Fidelity Municipal Income remains large and experienced. This and the strategy's consistent and distinctive approach will serve investors well, resulting in a Morningstar Analyst Rating of Silver for its cheapest share classes, while its more expensive share classes earn Bronze and Neutral ratings.
Fidelity® Municipal Income FHIGX
NAV / 1-Day Return
13.81
/
0.01
%
Total Assets
5.1 Bil
Adj. Expense Ratio
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.
0.450%
Expense Ratio
0.450%
Fee Level
Low
Longest Manager Tenure
5.12
years
Category
Muni National Long
Credit Quality / Interest Rate Sensitivity
Medium / ModerateMin. Initial Investment
10,000
Status
Open
TTM Yield
2.46%
Effective Duration
6.02
years
Premium
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.
A solid team remains at the helm.
