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Morningstar

Fidelity Arizona Municipal Income FSAZX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 11.49  /  +0.01 %
  • Total Assets 119.0 Mil
  • Adj. Expense Ratio
    0.550%
  • Expense Ratio 0.550%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.54%
  • Effective Duration 6.04 years

USD | NAV as of Jul 27, 2024 | 1-Day Return as of Jul 27, 2024, 4:51 AM GMT+0

Morningstar’s Analysis FSAZX

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

  • People Pillar

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

Fidelity Arizona Municipal Income boasts strong Process and People Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FSAZX

More FSAZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 25.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MCALLISTER ACADEMIC VLG ARIZ LLC REV D/B/A HASSAYAMPA ACADEMIC VILLAGE 5%

3.35 3.9 Mil
municipal

SALT VERDE FINL CORP GAS REV ARIZ 5.5%

2.69 3.2 Mil
municipal

MARICOPA CNTY ARIZ UNI SCH DIST NO 48 SCOTTSDALE 5%

2.69 3.1 Mil
municipal

ARIZONA ST UNIV REVS 5%

2.64 3.1 Mil
municipal

SALT VERDE FINL CORP GAS REV ARIZ 5%

2.64 3.1 Mil
municipal

CHANDLER ARIZ INDL DEV AUTH INDL DEV REV 5%

2.62 3.1 Mil
municipal

MARICOPA CNTY ARIZ INDL DEV AUTH REV 5%

2.57 3.0 Mil
municipal

PIMA CNTY ARIZ INDL DEV AUTH REV 4%

2.35 2.8 Mil
municipal

PHOENIX ARIZ CIVIC IMPT CORP ARPT REV 5%

2.13 2.5 Mil
municipal

PHOENIX ARIZ CIVIC IMPT CORP DISTR REV 5.5%

2.06 2.4 Mil
municipal