The team managing Fidelity Intermediate Municipal Income is skilled and collaborative. This and the strategy's consistent and distinctive approach serve investors well, resulting in a Morningstar Analyst Rating of Silver for the strategy's cheapest share classes, while its more expensive share classes earn Bronze and Neutral ratings.
Morningstar’s Fund Analysis FLTMX
Will FLTMX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of FLTMX’s parent organization’s priorities and whether they’re in line with investors’ interests.