Morningstar

Fidelity Advisor Municipal Income Fund - Class I FROGX

Morningstar Medalist Rating
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  • NAV / 1-Day Return$12.05  /  0.00
  • Fund Size$5.2B
  • Adjusted Expense Ratio0.500%
  • Net Expense Ratio0.500%
  • Fee Level: DistributionBelow Average
  • Share Class TypeInstitutional
  • Morningstar CategoryMuni National Long
  • Fixed-Income Style Box (Funds)Medium/Extensive
  • Minimum Initial Investment$0
  • Investment StatusOpen
  • TTM Yield3.21%
  • Average Effective Duration7.49 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FROGX

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

  • People Pillar

    The People Pillar is our evaluation of the FROGX 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 FROGX’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 Municipal Income’s seasoned team applies a consistent and risk-aware process that has historically offered investors a smoother ride than many muni national long Morningstar Category peers.

by Tom Murphy
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Portfolio Holdings FROGX

More FROGX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings8.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Municipal Cash Central

1.2870M
Cash and Equivalents

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%

1.1965M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

1.1060M
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5.25%

1.0155M
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5.25%

0.9250M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.8446M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.8144M
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5.25%

0.7842M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.7440M
municipal

ORANGE CNTY FLA SCH BRD CTFS PARTN 5%

0.7139M
municipal

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