Morningstar

Fidelity Arizona Municipal Income Fund FSAZX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 11.60  /  0.00
  • Total Assets 127.3M
  • 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 0
  • Status Open
  • TTM Yield 2.68%
  • Effective Duration 6.50 years

USD | NAV as of Jun 13, 2026 | 1-Day Return as of Jun 13, 2026, 5:30 AM GMT+0

Morningstar’s Analysis FSAZX

Will FSAZX 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 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Fidelity Arizona Municipal Income holds a quantitatively derived Gold Morningstar Medalist Rating. The rating reflects that it has scored particularly well 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 FSAZX

More FSAZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 23.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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

3.07 4M
municipal

SALT VERDE FINL CORP GAS REV ARIZ 5.5%

2.55 3M
municipal

SALT RIV PROJ AGRIC IMPT & PWR DIST ARIZ ELEC SYS REV 5.25%

2.53 3M
municipal

MARICOPA CNTY ARIZ UNI SCH DIST NO 48 SCOTTSDALE 5%

2.46 3M
municipal

SALT VERDE FINL CORP GAS REV ARIZ 5%

2.46 3M
municipal

ARIZONA ST UNIV REVS 5%

2.44 3M
municipal

CHANDLER ARIZ INDL DEV AUTH INDL DEV REV 5%

2.42 3M
municipal

PIMA CNTY ARIZ INDL DEV AUTH REV 4%

2.07 3M
municipal

PHOENIX ARIZ CIVIC IMPT CORP ARPT REV 5%

1.96 2M
municipal

PHOENIX ARIZ CIVIC IMPT CORP DISTR REV 5.5%

1.92 2M
municipal

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