Fidelity Advisor Limited Term Municipal Income Fund - Class M FTSHX

Medalist Rating as of Apr 25, 2026 See Fidelity Investment Hub

NAV / 1-Day Return$10.54 / 0.00
Fund Size$3.1B
Adjusted Expense Ratio0.550%
Net Expense Ratio0.550%
Fee Level: DistributionLow
Share Class TypeFront Load
Morningstar CategoryMuni National Short
Fixed-Income Style Box (Funds)Medium/Limited
Minimum Initial Investment$0
Investment StatusOpen
TTM Yield2.37%
Average Effective Duration2.85 yrs

NAV and 1-Day Return as of Nov 12, 2026, 6:50:51 AM

Will FTSHX outperform in the future?

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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.

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 Apr 25, 2026 Published on Apr 25, 2026

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Portfolio Holdings FTSHX

More FTSHX Holdings

Current Portfolio DateAug 31, 2026
Equity Holdings—
Bond Holdings—
Other Holdings—
% Assets in Top 10 Holdings8.8

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

Fidelity Advisor Limited Term Municipal Income Fund - Class M FTSHX

Morningstar’s Analysis FTSHX

Will FTSHX outperform in the future?

Process Pillar

People Pillar

Parent Pillar

A top pick for muni investors.

Summary

Portfolio Holdings FTSHX

Fidelity Municipal Cash Central

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

WISCONSIN ST HEALTH & EDL FACS AUTH REV 5%

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

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

METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV 5%

CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV 3%

WASHINGTON ST HEALTH CARE FACS AUTH REV 5%

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