Fidelity Intermediate 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. The strategy earns Morningstar Analyst Ratings of Silver and Bronze for its cheapest share classes, while the more expensive share classes are rated Neutral.
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.