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FLTMX Fidelity® Interm Muni Inc

  • Fund
  • FLTMX
  • Price as of: Aug 22, 2017
  • $10.45
  • + $0.01
  • + 0.10%
  • Category
  • National Munis

FLTMX - Profile

Vitals

  • YTD Return 2.4%
  • 3 Yr Annualized Return 2.4%
  • 5 Yr Annualized Return 2.4%
  • Net Assets $5.97 B
  • Holdings in Top 10 5.2%

52 WEEK LOW AND HIGH

$10.45
$10.13
$10.72

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.35%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 28.00%

TRADING FEES

  • Max Redemption Fee 0.50%

Min Investment

STANDARD (TAXABLE)

$10,000

IRA

$10,000

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Interm

Distributions

  • YTD Total Return 2.4%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 2.51%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Fidelity® Intermediate Municipal Income Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Apr 15, 1977
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Kevin Ramundo

FLTMX - Performance

Return Ranking - Trailing

Period FLTMX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.4% -3.4% 99.4% 29.94% 3
1 Yr -0.7% -5.8% 10.7% 52.28% 3
3 Yr 2.4% * -4.5% 7.0% 49.74% 3
5 Yr 2.4% * -0.6% 5.8% 47.89% 3
10 Yr 3.9% * -0.6% 5.9% 40.93% 3

* Annualized

Return Ranking - Calendar

Period FLTMX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -2.9% -8.5% 7.3% 42.40% 4
2015 -0.4% -10.9% 7.2% 35.90% 4
2014 3.7% -7.7% 12.0% 36.82% 3
2013 -4.5% -11.9% 5.4% 28.00% 3
2012 1.9% -7.1% 10.2% 43.90% 4

Total Return Ranking - Trailing

Period FLTMX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.4% -3.0% 99.4% 29.94% 3
1 Yr -0.7% -8.9% 8.9% 35.67% 2
3 Yr 2.4% * -5.4% 7.0% 37.35% 2
5 Yr 2.4% * -1.2% 5.8% 40.00% 3
10 Yr 3.9% * -0.6% 5.9% 35.86% 2

* Annualized

Total Return Ranking - Calendar

Period FLTMX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -2.9% -8.2% 7.3% 47.97% 4
2015 -0.4% -9.7% 6.9% 48.72% 4
2014 3.8% -7.7% 17.0% 44.68% 3
2013 -4.3% -11.9% 5.1% 35.81% 3
2012 2.0% -0.6% 17.8% 53.25% 4

NAV & Total Return History

FLTMX - Holdings

Filings data as of: Jun 30, 2017

Concentration Analysis

FLTMX Category Low Category High FLTMX % Rank Quintile
Net Assets 5.97 B 491 K 53.4 B 2.25% 1
Number of Holdings 1190 1 6452 2.58% 1
Net Assets in Top 10 310 M -472 M 1.12 B 6.77% 1
Weighting of Top 10 5.2% 0.0% 100.0% 34.03% 5

Top 10 Holdings

  1. California St G O Bds 6% 0.67%
  2. Whiting Ind Environmental Facs Rev Bd 5% 0.59%
  3. Pennsylvania St Go Bds 5% 0.56%
  4. Illinois Fin Auth 5% 0.53%
  5. Cypress-Fairbanks Tex Indpt Sc Ultd T 5% 0.51%
  6. Palm Beach Cnty Fla Sch Brd Ct Cop 0.02% 0.49%
  7. New York N Y City Transitional Future 5% 0.49%
  8. Phoenix Ariz Indl Dev Auth 1.25% 0.48%
  9. Broward Cnty Fla Sch Brd Ctfs Cops 5% 0.48%
  10. Cypress-Fairbanks Tex Indpt Sc Ultd T 5% 0.44%

Asset Allocation

Weighting Category Low Category High FLTMX % Rank Quintile
Bonds 		90.16% 0.00% 202.21% 26.41% 5
Cash 		9.84% -110.85% 100.00% 5.48% 1
Stocks 		0.00% 0.00% 1.33% 1.29% 4
Preferred Stocks 		0.00% 0.00% 11.27% 1.29% 4
Other 		0.00% -2.77% 29.98% 6.94% 4
Convertible Bonds 		0.00% 0.00% 2.92% 0.81% 4

Bond Sector Breakdown

Weighting Category Low Category High FLTMX % Rank Quintile
Municipal 		90.08% 0.00% 131.46% 27.42% 5
Cash & Equivalents 		9.84% -110.85% 100.00% 5.16% 1
Government 		0.07% -32.85% 117.34% 12.90% 3
Derivative 		0.00% -3.19% 7.71% 0.65% 4
Securitized 		0.00% 0.00% 27.69% 2.42% 4
Corporate 		0.00% 0.00% 36.50% 3.71% 4

Bond Geographic Breakdown

Weighting Category Low Category High FLTMX % Rank Quintile
US 		90.16% 0.00% 202.21% 26.45% 5
Non US 		0.00% 0.00% 27.66% 0.81% 4

FLTMX - Expenses

Operational Fees

FLTMX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.35% 0.09% 4.60% 23.35% 1
Management Fee 0.24% 0.00% 1.00% 5.48% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.35% N/A N/A

Sales Fees

FLTMX Fees (% of AUM) Category Low Category High FLTMX Rank Quintile
Front Load N/A 0.50% 5.75% N/A N/A
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

FLTMX Fees (% of AUM) Category Low Category High FLTMX Rank Quintile
Max Redemption Fee 0.50% 0.25% 2.00% 5.00% 2

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FLTMX Fees (% of AUM) Category Low Category High FLTMX Rank Quintile
Turnover 28.00% 0.42% 905.27% 9.82% 4

FLTMX - Distributions

Dividend Yield Analysis

FLTMX Category Low Category High FLTMX % Rank Quintile
Dividend Yield 0.3% 0.00% 1.01% 27.73% 3

Dividend Distribution Analysis

FLTMX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Annually

Dividend Payout History

View More History

Net Income Ratio Analysis

FLTMX Category Low Category High FLTMX % Rank Quintile
Net Income Ratio 2.51% -0.60% 5.26% 21.26% 3

Capital Gain Distribution Analysis

FLTMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Daily Annually

FLTMX - Managers

Kevin Ramundo

Manager

Start Date

Jun 30, 2010

Tenure

7.01

Tenure Rank

11.2%

Kevin Ramundo is lead portfolio manager of Fidelity Municipal Income 2017 Fund, Fidelity Municipal Income 2021 Fund, and Fidelity Municipal Income 2023 Fund and co-manager of Fidelity Municipal Income 2015 Fund and Fidelity Municipal Income 2019 Fund, which he has managed (other than Fidelity Municipal Income 2023 Fund) since May 2011. He has managed Fidelity Municipal Income 2023 Fund since April 2013. He also manages other funds. Since joining Fidelity Investments in 2000, Mr. Ramundo has worked as a research analyst and portfolio manager.

Mark Sommer

Manager

Start Date

Jul 31, 2006

Tenure

10.92

Tenure Rank

7.4%

Sommer is manager of Fidelity funds. Since joining Fidelity in 1992, Sommer has worked as an analyst and manager.

Cormac Cullen

Manager

Start Date

May 02, 2016

Tenure

1.16

Tenure Rank

18.5%

Since joining Fidelity Investments in 2007, Mr. Cullen has worked as a research analyst, structured analyst, senior legal counsel, and portfolio manager.

Tenure Analysis

Category Low

0.0

Category High

37.8

Category Average

7.63

Category Mode

2.5

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