Fidelity® Pennsylvania Municipal Income Fund

Class No Load (FPXTX)
Scorecard
4 / 5 Stars
Lipper
4 4 3 5 1
Zacks Investment Research
2 (Buy)
Standard & Poor's
5 / 5 Stars
TheStreet.com
A+ (Buy)

#2 in Muni Pennsylvania

U.S. News evaluated 19 Muni Pennsylvania 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 6.25 percent over the past year, 5.35 percent over the past three years, 5.31 percent over the past five years, and 4.68 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 5.9%
1 Year 6.3%
3 Years (Annualized) 5.4%
5 Years (Annualized) 5.3%
10 Years (Annualized) 4.7%

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Summary

The investment seeks as high a level of current income, exempt from federal income tax and Pennsylvania personal income tax, as is consistent with its investment characteristics. The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and Pennsylvania personal income taxes. Potentially 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.

Fees

Fees are Below Average compared to funds in the same category.
Fidelity® Pennsylvania Municipal Income Fund has an expense ratio of 0.49 percent.

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Risk

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

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