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FLTMX Fidelity® Interm Muni Inc

  • Fund
  • FLTMX
  • Price as of: Jul 18, 2019
  • $10.61 - $0.00 - 0.00%
  • Category
  • National Munis

FLTMX - Profile

Vitals

  • YTD Return 3.6%
  • 3 Yr Annualized Return -0.3%
  • 5 Yr Annualized Return 0.3%
  • Net Assets $7.2 B
  • Holdings in Top 10 4.9%

52 WEEK LOW AND HIGH

$10.61
$10.06
$10.61

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.37%

SALES FEES

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

BROKERAGE FEES

  • Turnover 19.00%

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 3.6%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return 0.5%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 2.56%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 (%)
YTD 3.6% 0.0% 5.7% 46.12%
1 Yr 3.4% -2.9% 5.5% 19.28%
3 Yr -0.3%* -3.2% 1.3% 46.52%
5 Yr 0.3%* -1.8% 2.2% 43.57%
10 Yr 0.6%* -8.7% 2.3% 55.32%

* Annualized


Return Ranking - Calendar

Period FLTMX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.4% -4.8% 0.8% 41.52%
2017 1.8% -0.9% 5.6% 44.44%
2016 -2.9% -6.1% 7.3% 62.91%
2015 -0.4% -10.9% 2.6% 61.89%
2014 3.7% -60.4% 12.0% 54.33%

Total Return Ranking - Trailing

Period FLTMX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% 0.0% 6.0% 49.11%
1 Yr 3.4% -2.8% 6.9% 23.46%
3 Yr 0.1%* -3.2% 3.2% 17.42%
5 Yr 0.5%* -1.8% 3.7% 37.55%
10 Yr 0.8%* -8.7% 4.8% 53.50%

* Annualized


Total Return Ranking - Calendar

Period FLTMX Return Category Return Low Category Return High Rank in Category (%)
2018 -0.7% -4.8% 1.7% 31.74%
2017 1.8% -0.9% 6.2% 51.72%
2016 -2.5% -6.1% 7.3% 54.71%
2015 -0.4% -9.6% 3.9% 65.98%
2014 3.8% -60.4% 12.0% 58.14%

NAV & Total Return History

FLTMX - Holdings

Concentration Analysis

FLTMX Category Low Category High FLTMX % Rank
Net Assets 7.2 B 762 K 68.3 B 6.56%
Number of Holdings 1464 3 8426 6.77%
Net Assets in Top 10 352 M -4.59 M 2.02 B 17.93%
Weighting of Top 10 4.93% 2.5% 100.0% 98.21%

Top 10 Holdings

  1. GRAND PARKWAY TRANSN CORP TEX SYS TOLL REV 5% 0.64%

  2. PHOENIX ARIZ INDL DEV AUTH SOLID WASTE DISP REV 1.9% 0.55%

  3. WASHINGTON ST 5% 0.52%

  4. WHITING IND ENVIRONMENTAL FACS REV 5% 0.51%

  5. CONNECTICUT ST HEALTH & EDL FACS AUTH REV 2.05% 0.49%

  6. PENNSYLVANIA ST 5% 0.46%

  7. CHANDLER ARIZ INDL DEV AUTH INDL DEV REV 5% 0.45%

  8. ILLINOIS FIN AUTH REV 5% 0.44%

  9. MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% 0.43%

  10. KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4% 0.43%


Asset Allocation

Weighting Return Low Return High FLTMX % Rank
Bonds
94.67% 17.56% 101.83% 76.49%
Cash
5.33% -1.83% 82.44% 22.31%
Stocks
0.00% 0.00% 0.39% 11.75%
Preferred Stocks
0.00% 0.00% 8.94% 11.16%
Other
0.00% -2.64% 30.00% 15.14%
Convertible Bonds
0.00% 0.00% 2.66% 11.95%

Bond Sector Breakdown

Weighting Return Low Return High FLTMX % Rank
Municipal
94.67% 0.00% 104.99% 75.90%
Cash & Equivalents
5.33% -8.39% 82.44% 23.51%
Derivative
0.00% 0.00% 0.08% 11.95%
Securitized
0.00% 0.00% 23.62% 14.14%
Corporate
0.00% 0.00% 39.71% 26.29%
Government
0.00% -6.32% 93.35% 16.93%

Bond Geographic Breakdown

Weighting Return Low Return High FLTMX % Rank
US
94.67% 17.56% 101.37% 70.72%
Non US
0.00% 0.00% 23.82% 70.32%

FLTMX - Expenses

Operational Fees

FLTMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.37% 0.09% 4.80% 94.43%
Management Fee 0.25% 0.00% 0.65% 9.74%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.34% N/A

Sales Fees

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

Trading Fees

FLTMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 0.50% 0.25% 2.00% 74.00%

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 Return Low Category Return High Rank in Category (%)
Turnover 19.00% 0.00% 739.25% 29.62%

FLTMX - Distributions

Dividend Yield Analysis

FLTMX Category Low Category High FLTMX % Rank
Dividend Yield 0.02% 0.00% 2.53% 56.06%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FLTMX Category Low Category High FLTMX % Rank
Net Income Ratio 2.56% 0.01% 4.95% 43.34%

Capital Gain Distribution Analysis

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

FLTMX - Managers

Kevin Ramundo

Manager

Start Date

Tenure

Tenure Rank

Jun 30, 2010

9.01

9.0%

Kevin Ramundo joined Fidelity Investments in 2000, Mr. Ramundo has worked as a research analyst and portfolio manager.


Cormac Cullen

Manager

Start Date

Tenure

Tenure Rank

May 02, 2016

3.16

3.2%

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

Tenure

Tenure Rank

Sep 11, 2018

0.8

0.8%

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


Tenure Analysis

Category Low

0.0

Category High

39.77

Category Average

7.57

Category Mode

4.32