FZIIX: Fidelity® Intermediate Municipal Income Fund - MutualFunds.com
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Fidelity Advisor® Interm Muni Inc I

FZIIX - Snapshot

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 4.0%
  • 5 Yr Annualized Return 3.2%
  • Net Assets $9.1 B
  • Holdings in Top 10 5.1%

52 WEEK LOW AND HIGH

$10.89
$9.80
$10.94

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.43%

SALES FEES

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

BROKERAGE FEES

  • Turnover 14.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Theme
    Municipal Bond
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Interm

Compare FZIIX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard Intermediate-Term Tax-Exempt Fund

Fund

$14.86

0.00%

$81.84 B

-

$0.00

0.00%

-

Vanguard Limited Term Tax Exempt Fund

Fund

$11.27

0.00%

$33.32 B

-

$0.00

0.09%

-

American Funds Tax Exempt Bond Fund®

Fund

$13.64

0.00%

$24.55 B

-

$0.00

0.15%

-

Vanguard Short Term Tax Exempt Fund

Fund

$15.95

0.00%

$20.79 B

-

$0.00

0.00%

-

iShares National Muni Bond ETF

MUB | ETF

$117.17

+0.06%

$20.43 B

-

-

-0.05%

-

FZIIX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 2.33%
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
    Oct 31, 2005
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kevin Ramundo

Fund Description

The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal income tax. It allocates assets across different market sectors and maturities. The fund invests more than 25% of total assets in municipal securities that finance similar types of projects. It maintains a dollar-weighted average maturity between three and 10 years.

FZIIX - Performance

Return Ranking - Trailing

Period FZIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -0.8% 1.2% 56.14%
1 Yr 4.4% -1.0% 10.1% 41.63%
3 Yr 4.0%* -0.4% 9.8% 43.15%
5 Yr 3.2%* -0.3% 7.8% 46.23%
10 Yr 3.6%* -0.1% 10.2% 64.04%

* Annualized

Return Ranking - Calendar

Period FZIIX Return Category Return Low Category Return High Rank in Category (%)
2020 2.3% -2.8% 310.0% 23.47%
2019 3.8% -0.3% 15.4% 47.53%
2018 -1.4% -10.3% 97.2% 23.93%
2017 1.9% -100.0% 7.6% 39.07%
2016 -2.9% -7.9% 96.8% 52.60%

Total Return Ranking - Trailing

Period FZIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -0.8% 1.2% 55.97%
1 Yr 4.4% -5.0% 10.1% 29.98%
3 Yr 4.0%* -2.4% 9.8% 35.98%
5 Yr 3.2%* -1.4% 7.8% 38.34%
10 Yr 3.6%* -0.1% 10.2% 59.85%

* Annualized

Total Return Ranking - Calendar

Period FZIIX Return Category Return Low Category Return High Rank in Category (%)
2020 2.3% -2.8% 310.0% 23.47%
2019 3.8% -0.3% 15.4% 49.02%
2018 -1.4% -10.3% 11.0% 25.46%
2017 1.9% -100.0% 7.6% 44.27%
2016 -2.5% -7.9% 3.0% 40.10%

NAV & Total Return History

FZIIX - Holdings

Concentration Analysis

FZIIX Category Low Category High FZIIX % Rank
Net Assets 9.1 B 582 K 81.8 B 2.72%
Number of Holdings 1901 3 10805 3.39%
Net Assets in Top 10 442 M -199 M 4.06 B 7.24%
Weighting of Top 10 5.05% 2.4% 100.0% 98.24%

Top 10 Holdings

  1. CHANDLER ARIZ INDL DEV AUTH INDL DEV REV 5% 0.83%
  2. LOWER ALA GAS DIST GAS PROJ REV 4% 0.58%
  3. KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4% 0.55%
  4. METROPOLITAN PIER & EXPOSITION AUTH ILL REV 5% 0.49%
  5. UNIVERSITY COLO HOSP AUTH REV 5% 0.48%
  6. NEW YORK ST URBAN DEV CORP REV 5% 0.47%
  7. WASHINGTON ST 5% 0.45%
  8. MICHIGAN ST TRUNK LINE 5% 0.41%
  9. WHITING IND ENVIRONMENTAL FACS REV 5% 0.41%
  10. CONNECTICUT ST HEALTH & EDL FACS AUTH REV 2.05% 0.40%

Asset Allocation

Weighting Return Low Return High FZIIX % Rank
Bonds 		96.33% 15.80% 147.66% 78.87%
Cash 		3.67% -47.66% 84.20% 21.14%
Stocks 		0.00% 0.00% 2.07% 56.78%
Preferred Stocks 		0.00% -0.96% 1.04% 55.06%
Other 		0.00% -13.14% 13.72% 56.42%
Convertible Bonds 		0.00% 0.00% 1.44% 55.62%

Bond Sector Breakdown

Weighting Return Low Return High FZIIX % Rank
Municipal 		96.33% 15.02% 100.00% 76.20%
Cash & Equivalents 		3.67% 0.00% 84.20% 21.59%
Derivative 		0.00% 0.00% 0.85% 55.46%
Securitized 		0.00% 0.00% 6.51% 56.42%
Corporate 		0.00% 0.00% 15.75% 62.52%
Government 		0.00% 0.00% 84.56% 58.28%

Bond Geographic Breakdown

Weighting Return Low Return High FZIIX % Rank
US 		96.33% 15.80% 141.34% 56.13%
Non US 		0.00% 0.00% 28.07% 89.66%

FZIIX - Expenses

Operational Fees

FZIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.43% 0.01% 16.95% 90.91%
Management Fee 0.24% 0.00% 1.10% 7.12%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

FZIIX 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 0.25% 5.50% N/A

Trading Fees

FZIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 91.79%

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.

FZIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 0.00% 299.40% 29.59%

FZIIX - Distributions

Dividend Yield Analysis

FZIIX Category Low Category High FZIIX % Rank
Dividend Yield 0.00% 0.00% 2.99% 58.08%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FZIIX Category Low Category High FZIIX % Rank
Net Income Ratio 2.33% -1.65% 6.48% 52.09%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FZIIX - Fund Manager Analysis

Managers

Kevin Ramundo

Start Date

Tenure

Tenure Rank

Jun 30, 2010

10.51

10.5%

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

Cormac Cullen

Start Date

Tenure

Tenure Rank

May 02, 2016

4.67

4.7%

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

Start Date

Tenure

Tenure Rank

Sep 11, 2018

2.31

2.3%

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

Michael Maka

Start Date

Tenure

Tenure Rank

Mar 01, 2020

0.84

0.8%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 35.78 6.92 0.16

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