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FLTMX Fidelity® Interm Muni Inc

  • Fund
  • FLTMX
  • Price as of: Dec 11, 2018
  • $10.20
  • - $0.00
  • - 0.00%
  • Category
  • National Munis

FLTMX - Profile

Vitals

  • YTD Return -1.8%
  • 3 Yr Annualized Return 1.7%
  • 5 Yr Annualized Return 2.7%
  • Net Assets $6.25 B
  • Holdings in Top 10 9.6%

52 WEEK LOW AND HIGH

$10.20
$10.06
$10.40

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.36%

SALES FEES

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

BROKERAGE FEES

  • Turnover 26.00%

TRADING FEES

  • Max Redemption Fee 0.50%

Min Investment

STANDARD (TAXABLE)

$0

IRA

$10,000

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return -1.8%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 2.61%
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 -1.8% -13.2% 99.4% 34.79% 3
1 Yr 1.0% -5.8% 10.7% 30.29% 2
3 Yr 1.7% * -4.5% 7.0% 35.22% 2
5 Yr 2.7% * -0.5% 5.8% 43.43% 3
10 Yr 3.7% * 0.0% 8.4% 54.15% 3

* Annualized


Return Ranking - Calendar

Period FLTMX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 1.8% -5.3% 5.6% 28.21% 2
2016 -2.9% -8.5% 7.3% 44.62% 4
2015 -0.4% -10.9% 8.8% 36.75% 4
2014 3.7% -10.3% 12.0% 36.78% 3
2013 -4.5% -11.9% 8.7% 30.52% 3

Total Return Ranking - Trailing

Period FLTMX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.8% -13.2% 99.4% 34.63% 3
1 Yr 1.0% -8.9% 8.9% 21.17% 2
3 Yr 1.7% * -5.4% 7.0% 26.12% 2
5 Yr 2.7% * -1.4% 5.8% 37.13% 2
10 Yr 3.7% * 0.0% 8.4% 51.87% 3

* Annualized


Total Return Ranking - Calendar

Period FLTMX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 1.8% -5.3% 5.6% 28.21% 2
2016 -2.9% -8.2% 7.3% 49.91% 4
2015 -0.4% -9.7% 9.3% 49.23% 4
2014 3.8% -10.3% 17.0% 43.78% 3
2013 -4.3% -11.9% 8.9% 38.20% 3

NAV & Total Return History

FLTMX - Holdings

Filings data as of: Oct 31, 2018

Concentration Analysis

FLTMX Category Low Category High FLTMX % Rank Quintile
Net Assets 6.25 B 491 K 58.1 B 2.25% 1
Number of Holdings 1369 1 7949 2.26% 1
Net Assets in Top 10 597 M -284 M 1.74 B 1.94% 1
Weighting of Top 10 9.6% 0.0% 100.0% 27.58% 4

Top 10 Holdings

  1. TEXAS ST 4% 4.22%
  2. MARYLAND ST 5% 1.04%
  3. GRAND PARKWAY TRANSN CORP TEX SYS 5% 0.72%
  4. WASHINGTON ST 5% 0.56%
  5. CONNECTICUT ST HEALTH & EDL FACS AUTH 2.05% 0.55%
  6. PHOENIX ARIZ INDL DEV AUTH 2.15% 0.54%
  7. WHITING IND 5% 0.54%
  8. PENNSYLVANIA ST 5% 0.49%
  9. ILLINOIS FIN AUTH 5% 0.48%
  10. MAIN STR NAT GAS INC GA 4% 0.48%

Asset Allocation

Weighting Category Low Category High FLTMX % Rank Quintile
Bonds
99.19% 0.00% 202.21% 8.05% 2
Cash
0.81% -110.85% 100.00% 25.16% 4
Stocks
0.00% 0.00% 0.32% 0.97% 4
Preferred Stocks
0.00% 0.00% 9.82% 0.81% 4
Other
0.00% -2.77% 31.66% 5.81% 4
Convertible Bonds
0.00% 0.00% 2.29% 0.97% 4

Bond Sector Breakdown

Weighting Category Low Category High FLTMX % Rank Quintile
Municipal
99.19% 0.00% 121.79% 7.74% 2
Cash & Equivalents
0.81% -110.85% 100.00% 24.35% 4
Derivative
0.00% -5.91% 0.85% 0.65% 4
Securitized
0.00% 0.00% 41.80% 2.26% 4
Corporate
0.00% 0.00% 41.51% 5.00% 4
Government
0.00% -21.73% 117.34% 6.29% 4

Bond Geographic Breakdown

Weighting Category Low Category High FLTMX % Rank Quintile
US
99.19% 0.00% 202.21% 7.42% 2
Non US
0.00% 0.00% 26.08% 14.19% 5

FLTMX - Expenses

Operational Fees

FLTMX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.36% 0.08% 4.80% 23.51% 1
Management Fee 0.25% 0.00% 0.65% 5.31% 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 26.00% 0.00% 504.54% 13.20% 3

FLTMX - Distributions

Dividend Yield Analysis

FLTMX Category Low Category High FLTMX % Rank Quintile
Dividend Yield 0.3% 0.00% 1.01% 26.10% 3

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FLTMX Category Low Category High FLTMX % Rank Quintile
Net Income Ratio 2.61% 0.01% 5.26% 18.68% 2

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

8.42

Tenure Rank

10.1%

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

12.34

Tenure Rank

6.4%

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

2.58

Tenure Rank

17.2%

Mr. Cullen has worked as a research analyst and portfolio manager with Fidelity since 2010. Prior to assuming his current position, from 2007 to 2010, Mr. Cullen supported FIAM’s Fixed Income Division as senior legal counsel.


Elizah McLaughlin

Manager

Start Date

Sep 11, 2018

Tenure

0.22

Tenure Rank

20.9%

Since joining Fidelity Investments in 1997, Ms. McLaughlin has worked as an analyst and portfolio manager.


Tenure Analysis

Category Low

0.0

Category High

39.1

Category Average

8

Category Mode

0.5