4 / 5 Stars
5 5 3 5 2
Zacks Investment Research
Standard & Poor's
5 / 5 Stars
#3 in Muni Single State Long
U.S. News evaluated 75 Muni Single State 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 -2.02 percent over the past year, 3.45 percent over the past three years, 6.22 percent over the past five years, and 4.08 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-2.6%|
|3 Years (Annualized)||3.5%|
|5 Years (Annualized)||6.2%|
|10 Years (Annualized)||4.1%|
The investment seeks a high level of current income, exempt from federal income tax and Arizona personal income tax. The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and Arizona personal income taxes. 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 is non-diversified.
Fees are Low compared to funds in the same category.
Fidelity Arizona Municipal Income has an expense ratio of 0.55 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.