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.
Fidelity Advisor® Ltd Term Muni Inc M FTSHX
NAV / 1-Day Return
10.82
/
0.00
Total Assets
3.4 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.650%
Expense Ratio
0.650%
Fee Level
Below Average
Longest Manager Tenure
10.66
years
Category
Muni National Short
Credit Quality / Interest Rate Sensitivity
Medium / LimitedMin. Initial Investment
0
Status
Open
TTM Yield
1.19%
Effective Duration
2.67
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will FTSHX 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 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.
More team change, but still in good hands.
