Fidelity Advisor® Municipal Income Fund

Scorecard
3 / 5 Stars
Lipper
3 3 3 3 1
Zacks Investment Research
2 (Buy)
Standard & Poor's
3 / 5 Stars
TheStreet.com
B (Buy)

#27 in Muni National Long

U.S. News evaluated 58 Muni National Long Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 6.72 percent over the past year, 5.75 percent over the past three years, 5.92 percent over the past five years, and 4.74 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 6.7%
1 Year 6.7%
3 Years (Annualized) 5.7%
5 Years (Annualized) 5.9%
10 Years (Annualized) 4.7%

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Summary

The investment seeks to provide a high current yield exempt from federal income tax. The fund 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 analyzes the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments.

Fees

Fees are Above Average compared to funds in the same category.
Fidelity Advisor® Municipal Income Fund has an expense ratio of 0.77 percent.

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Risk

Risk is Below Average compared to funds in the same category according to Morningstar.

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