Fidelity Intermediate Municipal Income is losing another experienced comanager, but the team that remains has solid industry experience. This, combined with the strategy’s consistent and distinctive approach, will help it retain its edge. The strategy earns Morningstar Analyst Ratings of Silver and Bronze for its cheapest share classes, while the more expensive share classes are rated Neutral.
Fidelity Advisor® Interm Muni Inc M FZITX
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.
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 FZITX 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 FZITX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FZITX 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 FZITX’s parent organization’s priorities and whether they’re in line with investors’ interests.