3 / 5 Stars
2 2 5 2 2
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
#25 in Muni National Short
U.S. News evaluated 50 Muni National Short 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 2.23 percent over the past year, 1.74 percent over the past three years, 2.33 percent over the past five years, and 2.76 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||1.5%|
|3 Years (Annualized)||1.7%|
|5 Years (Annualized)||2.3%|
|10 Years (Annualized)||2.8%|
The investment seeks as high a level of current income, exempt from federal income tax, as is consistent with preservation of capital. The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal income tax. It normally maintains a dollar-weighted average maturity between two and five years. The fund invests more than 25% of total assets in municipal securities that finance similar types of projects.
Fees are Above Average compared to funds in the same category.
Fidelity® Limited Term Municipal Income Fund has an expense ratio of 0.78 percent.
Risk is Average compared to funds in the same category according to Morningstar.