Morningstar

Fidelity Advisor Intermediate Municipal Income Fund - Class Z FIQZX

Morningstar Medalist Rating
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Medalist Rating as of See Fidelity Investment Hub
  • NAV / 1-Day Return $9.94  /  +0.20 %
  • Fund Size $13.1B
  • Adjusted Expense Ratio 0.310%
  • Net Expense Ratio 0.310%
  • Fee Level: Distribution Low
  • Share Class Type Institutional
  • Morningstar Category Muni National Interm
  • Fixed-Income Style Box (Funds) Medium/Moderate
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 3.19%
  • Average Effective Duration 5.72 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FIQZX

Will FIQZX 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 FIQZX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FIQZX 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 FIQZX’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 FIQZX

More FIQZX 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

1.51 193M
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

Net Other Assets

0.79 101M
—

MAIN STR ENERGY INC GA ENERGY PROJ REV 5%

0.78 99M
municipal

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 75M
municipal

ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5%

0.59 75M
municipal

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