Morningstar

Fidelity Advisor Conservative Income Municipal Bond Fund - Class Z FMNHX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 10.05  /  −0.10 %
  • Total Assets 1.7B
  • Adj. Expense Ratio
    0.200%
  • Expense Ratio 0.200%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 2.85%
  • Effective Duration 0.60 years

USD | NAV as of Jul 22, 2026 | 1-Day Return as of Jul 22, 2026, 4:51 AM GMT+0

Morningstar’s Analysis FMNHX

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

  • People Pillar

    The People Pillar is our evaluation of the FMNHX 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 FMNHX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Fidelity Advisor Cnsv Inc Muni Bd Z holds a quantitatively derived Bronze Morningstar Medalist Rating. The rating reflects that it has scored better than the norm on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings FMNHX

More FMNHX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 2.45%

3.59 62M
municipal

ST JAMES PARISH LA REV 2.39%

2.32 40M
municipal

BARTOW CNTY GA DEV AUTH SOLID WASTE DISP FAC REV 2.88%

2.03 35M
municipal

KENTUCKY HIGHER ED STUDENT LN CORP STUDENT LN REV 2.33%

1.76 30M
municipal

MIZUHO FLOATER / RESIDUAL TR VAR STS 2.32%

1.47 25M
municipal

TENDER OPT BD TR RCPTS / CTFS VAR STS 2.34%

1.47 25M
municipal

FLORIDA INS ASSISTANCE INTERLOCAL AGY FLA INS ASSMT REV 2.88%

1.45 25M
municipal

Fidelity Municipal Cash Central

1.41 24M
Cash and Equivalents

PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 2.4%

1.31 23M
municipal

MEADE CNTY KY INDL BLDG REV 3.1%

1.29 22M
municipal

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