Morningstar

Fidelity Advisor Limited Term Municipal Income Fund - Class M FTSHX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 10.34  /  +0.39 %
  • Total Assets 3.1B
  • Adj. Expense Ratio
    0.550%
  • Expense Ratio 0.550%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 2.38%
  • Effective Duration 2.60 years

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 4:50 AM GMT+0

Morningstar’s Analysis FTSHX

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

  • People Pillar

    The People Pillar is our evaluation of the FTSHX 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 FTSHX’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 Limited Term Municipal Income’s seasoned team applies a consistent and risk-aware process that has rewarded investors more than many muni national short Morningstar Category peers over the long haul.

by Tom Murphy
Rated on Published on

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Portfolio Holdings FTSHX

More FTSHX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Municipal Cash Central

4.04 125M
Cash and Equivalents

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

1.41 44M
municipal

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%

1.26 39M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

1.05 32M
municipal

WISCONSIN ST HEALTH & EDL FACS AUTH REV 5%

0.85 27M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.80 25M
municipal

METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN H & E FACS BRD REV 5%

0.70 22M
municipal

METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV 5%

0.69 21M
municipal

CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV 3%

0.68 21M
municipal

WASHINGTON ST HEALTH CARE FACS AUTH REV 5%

0.68 21M
municipal

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