Fidelity® Municipal Income 2015 Fund

Scorecard
3 / 5 Stars
Lipper
2 2 5 3 5
Zacks Investment Research
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Standard & Poor's
4 / 5 Stars
TheStreet.com
C+ (Hold)

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.

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Performance

The fund has returned 0.88 percent over the past year, and 1.65 percent over the past three years.

Trailing Returns Updated 06.30.2014
Year to date 0.3%
1 Year 0.9%
3 Years (Annualized) 1.7%
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks as high a level of current income, exempt from federal income tax, as is consistent with the preservation of capital. The fund invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal income tax. It invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund allocates assets across different market sectors and maturities. It liquidates shortly after the fund's target end-date of June 30, 2015.

Fees

Fees are Above Average compared to funds in the same category.
Fidelity® Municipal Income 2015 Fund has an expense ratio of 0.40 percent.

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Risk

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

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