4 / 5 Stars
4 4 3 5 2
Zacks Investment Research
Standard & Poor's
5 / 5 Stars
#3 in Muni National Long
U.S. News evaluated 57 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 -1.99 percent over the past year, 3.73 percent over the past three years, 6.32 percent over the past five years, and 4.42 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-2.6%|
|3 Years (Annualized)||3.7%|
|5 Years (Annualized)||6.3%|
|10 Years (Annualized)||4.4%|
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.