Fidelity Limited Term Municipal Income is losing another experienced comanager, but the team that remains has solid industry experience. This, combined with its consistent and distinctive approach, support in Morningstar Analyst Ratings of Silver and Bronze for the cheapest share classes, while the more-expensive shares are rated Neutral.
Will FSTFX outperform in future?
Get our overall rating based on a fundamental assessment of the pillar’s below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FSTFX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FSTFX 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 FSTFX’s parent organization’s priorities and whether they’re in line with investors’ interests.