Morningstar

Fidelity Advisor Intermediate Municipal Income Fund - Class I FZIIX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 9.75  /  0.00
  • Total Assets 13.1B
  • Adj. Expense Ratio
    0.440%
  • Expense Ratio 0.440%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 3.05%
  • Effective Duration 5.13 years

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FZIIX

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

  • People Pillar

    The People Pillar is our evaluation of the FZIIX 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 FZIIX’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 Intermediate Municipal Income’s seasoned team applies a consistent and risk-aware process that has historically offered investors a smoother ride than many muni national intermediate Morningstar Category peers.

by Tom Murphy
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Portfolio Holdings FZIIX

More FZIIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Municipal Cash Central

1.90 245M
Cash and Equivalents

Us Dollar

0.89 115M
Cash and Equivalents

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.85 110M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.83 106M
municipal

MAIN STR ENERGY INC GA ENERGY PROJ REV 5%

0.77 99M
municipal

MAIN STR ENERGY INC GA ENERGY PROJ REV 5%

0.70 90M
municipal

LOWER ALA GAS DIST GAS PROJ REV 5%

0.59 76M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.58 75M
municipal

TEXAS MUNICIPAL 5.25% 04/01/3

0.57 74M
municipal

ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5%

0.57 74M
municipal

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