4 / 5 Stars
3 3 3 5 2
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 5 Stars
#8 in Muni National Long
U.S. News evaluated 59 Muni National Long Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -0.38 percent over the past year, 5.96 percent over the past three years, 5.93 percent over the past five years, and 4.27 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||3.4%|
|3 Years (Annualized)||6.0%|
|5 Years (Annualized)||5.9%|
|10 Years (Annualized)||4.3%|
The investment seeks to provide a high current yield exempt from federal income tax. 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. Potentially the fund invests more than 25% of total assets in municipal securities that finance similar types of projects.
Fees are Average compared to funds in the same category.
Fidelity® Municipal Income Fund has an expense ratio of 0.46 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.