FAPAX: Fidelity Advisor® Municipal Inc 2019 A

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FAPAX Fidelity Advisor® Municipal Inc 2019 A


Profile

FAPAX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return -0.1%
  • 5 Yr Annualized Return -0.5%
  • Net Assets $55.7 M
  • Holdings in Top 10 17.6%

52 WEEK LOW AND HIGH

$10.57
$10.56
$10.57

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.65%

SALES FEES

  • Front Load 2.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 7.00%

TRADING FEES

  • Max Redemption Fee 0.50%

Min Investment

Closed to new investors as of Jun 29, 2018
  • Standard (Taxable) $10,000
  • IRA $10,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Target Maturity

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.05%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity® Municipal Income 2019 Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    May 19, 2011
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

The fund invests at least 80% of its assets in investment-grade municipal securities whose interest is exempt from federal income tax (but may be subject to the federal alternative minimum tax). It invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund liquidates shortly after the fund's target end-date of June 30, 2019.


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Categories

Fund Company Quick Screens

FAPAX - Fund Company Quick Screens


Performance

FAPAX - Performance

Return Ranking - Trailing

Period FAPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 2.3% 96.67%
1 Yr 0.1% 0.1% 9.0% 96.55%
3 Yr -0.1%* -1.0% 4.4% 94.74%
5 Yr -0.5%* -1.2% 3.5% 92.98%
10 Yr N/A* -0.6% 4.0% N/A

* Annualized

Return Ranking - Calendar

Period FAPAX Return Category Return Low Category Return High Rank in Category (%)
2019 0.1% 0.0% 8.0% 94.83%
2018 0.0% -4.8% 7.4% 17.24%
2017 -0.1% -6.5% 3.5% 80.70%
2016 -1.2% -6.4% -1.1% 7.02%
2015 -0.3% -4.7% 0.6% 61.40%

Total Return Ranking - Trailing

Period FAPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 2.3% 96.67%
1 Yr 0.1% 0.1% 9.2% 96.55%
3 Yr -0.1%* -1.0% 3.6% 94.74%
5 Yr -0.4%* -1.2% 2.5% 91.23%
10 Yr N/A* -0.6% 3.5% N/A

* Annualized

Total Return Ranking - Calendar

Period FAPAX Return Category Return Low Category Return High Rank in Category (%)
2019 0.1% 0.0% 8.5% 94.83%
2018 0.0% -4.8% 7.3% 17.24%
2017 0.0% -6.5% 3.5% 80.70%
2016 -1.1% -6.4% -1.1% 1.75%
2015 -0.2% -4.7% 0.6% 50.88%

NAV & Total Return History


Holdings

FAPAX - Holdings

Concentration Analysis

FAPAX Category Low Category High FAPAX % Rank
Net Assets 55.7 M 55.7 M 1.79 B 96.67%
Number of Holdings 56 56 564 96.61%
Net Assets in Top 10 9.28 M 9.28 M 336 M 96.61%
Weighting of Top 10 17.56% 10.2% 39.3% 69.49%

Top 10 Holdings

  1. NORTHSIDE TEX INDPT SCH DIST 0% 5.17%
  2. BUTLER CNTY PA HOSP AUTH HOSP REV 7.25% 3.23%
  3. LEE CNTY FLA INDL DEV AUTH INDL DEV REV 1.6% 2.08%
  4. NEW JERSEY HEALTH CARE FACS FING AUTH 5.75% 1.90%
  5. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5.25% 1.90%
  6. MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5% 1.52%
  7. UNIVERSITY MED CTR CORP ARIZ HOSP REV 6.5% 0.85%
  8. NEW JERSEY ST TRANSN TR FD AUTH 5.25% 0.58%
  9. WASHOE CNTY NEV GAS FACS REV 1.5% 0.33%

Asset Allocation

Weighting Return Low Return High FAPAX % Rank
Cash
82.44% -41.17% 82.44% 1.69%
Bonds
17.56% 17.56% 139.85% 96.67%
Stocks
0.00% 0.00% 0.00% 43.33%
Preferred Stocks
0.00% 0.00% 0.00% 44.07%
Other
0.00% -4.73% 26.55% 69.49%
Convertible Bonds
0.00% 0.00% 0.00% 44.07%

Bond Sector Breakdown

Weighting Return Low Return High FAPAX % Rank
Cash & Equivalents
82.44% 0.00% 82.44% 1.69%
Municipal
17.56% 17.56% 100.92% 96.61%
Derivative
0.00% 0.00% 0.00% 44.07%
Securitized
0.00% 0.00% 11.28% 44.07%
Corporate
0.00% -1.04% 0.47% 42.37%
Government
0.00% 0.00% 0.13% 44.07%

Bond Geographic Breakdown

Weighting Return Low Return High FAPAX % Rank
US
17.56% 17.56% 132.26% 96.61%
Non US
0.00% 0.00% 23.01% 96.61%

Expenses

FAPAX - Expenses

Operational Fees

FAPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% 0.33% 2.75% 88.14%
Management Fee 0.30% 0.30% 0.80% 3.33%
12b-1 Fee 0.25% 0.00% 1.00% 41.94%
Administrative Fee N/A 0.10% 0.30% N/A

Sales Fees

FAPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.75% 2.25% 4.75% 83.33%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

FAPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 0.50% 0.50% 1.00% 50.00%

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.

FAPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.00% 4.67% 67.00% 8.33%

Distributions

FAPAX - Distributions

Dividend Yield Analysis

FAPAX Category Low Category High FAPAX % Rank
Dividend Yield 0.23% 0.00% 2.09% 80.00%

Dividend Distribution Analysis

FAPAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FAPAX Category Low Category High FAPAX % Rank
Net Income Ratio 1.05% 1.05% 4.59% 100.00%

Capital Gain Distribution Analysis

FAPAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

FAPAX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 29.27 5.88 9.09