Fund Mojo help you discover the best fund managers, funds, and related information

Fund Intelligence | Best Managers | FLTMX Insights | FLTMX Score | FLTMX Performance | FLTMX News | FLTMX Allocation | FLTMX Holdings Change

Fidelity Intermediate Municipal Income (FLTMX) Fund Ranking and Research

Ranking, Research and Recommendation of Fidelity Intermediate Municipal Income (FLTMX) Fund

    Last Trade: $10.39 on 5/26/2017, Change: +0.01 (0.1%)

 

Graph of Fidelity Intermediate Municipal Income Fund (FLTMX) ManagerFund Manager - Mark Sommer

Fund Manager Information

Fund Manager Tenure: 10.8 years
Fund Family: Fidelity Investments
Fund Category: Muni National Interm
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.56)     (What does this score mean?)
Honorable Mentioning: Kiplinger (2011),
Sommer is manager of New York Municipal Income Fund, which he has managed since June 2002. He also manages other Fidelity funds. Since joining Fidelity in 1992, Sommer has worked as an analyst and manager.  Get more insights on Mark Sommer

 

Graph of Fidelity Intermediate Municipal Income Fund (FLTMX) ProfileFidelity Intermediate Municipal Income Fund (FLTMX) Profile

Fund Profile and Description

Fidelity Intermediate Municipal Income Fund seeks as high a level of current income exempt from federal income tax consistent with preservation of capital. Fidelity Intermediate Municipal Income Fund normally investing 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 and potentially investing more than 25% of total assets in municipal securities that finance similar types of projects. It maintains a dollar-weighted average maturity between 3 and 10 years.

 

Fidelity Intermediate Municipal Income (FLTMX) Fund Strength What we like about Fidelity Intermediate Municipal Income (FLTMX) Fund

Data for Fidelity Intermediate Municipal Income Fund (FLTMX) as of May 30, 2016

  • Fidelity Intermediate Municipal Income Fund (FLTMX) management has been with Fidelity Intermediate Municipal Income Fund for 10.8 years
  • Fidelity Intermediate Municipal Income Fund (FLTMX) ratio of up-years vs down years is greater than 2
  • Asset base in Fidelity Intermediate Municipal Income Fund (FLTMX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Fidelity Intermediate Municipal Income Fund (FLTMX) is less volatile than its peers as it has a 3-year Standard Deviation of 2.56, lower than category average of 3.29
  • Fidelity Intermediate Municipal Income Fund (FLTMX) has a lower expense ratio than its Muni National Interm average: 0.36% vs 0.80%
  • Fidelity Intermediate Municipal Income Fund (FLTMX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Fidelity Intermediate Municipal Income Fund (FLTMX) Weakness What we are cautious about Fidelity Intermediate Municipal Income (FLTMX) Fund

Data for Fidelity Intermediate Municipal Income Fund (FLTMX) as of May 30, 2016

  • Fidelity Intermediate Municipal Income Fund (FLTMX) has a less-than-ideal short-term performance (1-year return 4.45% vs 4.71% Muni National Interm category median performance)
  • Fidelity Intermediate Municipal Income Fund (FLTMX) has a less-than-ideal mid-term performance (3-year return 3.03% vs 3.10% Muni National Interm category median performance)
  • Fidelity Intermediate Municipal Income Fund (FLTMX) has a less-than-ideal Long-term performance (5-year return 3.80% vs 4.14% Muni National Interm category median performance)
  • Fidelity Intermediate Municipal Income Fund (FLTMX) has a Morningstar rating of 3 and below
  • Fidelity Intermediate Municipal Income Fund (FLTMX) is less safe compared to its Muni National Interm peers
See Fidelity Intermediate Municipal Income Fund (FLTMX) performance details as of May 30, 2016

 

What do you think?

 

Compare Fidelity Intermediate Municipal Income Fund (FLTMX)Compare with other top Muni National Interm category mutual funds

Aadditional top Muni National Interm mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Fidelity Intermediate Municipal Income2.024.453.033.80
Eaton Vance TABS 5 to15 Yr Lad Muni Bd I (EILTX)3.408.176.377.87Compare
BlackRock Strategic Muni Opps Inv A1 (MDMTX)3.297.784.275.68Compare
USAA Tax Exempt Intermediate-Term (USATX)2.525.223.514.92Compare

See top fund managers for Muni National Interm Category Funds

 

Compare Fidelity Intermediate Municipal Income Fund (FLTMX)Compare with Muni National Interm category ETFs

Some Muni National Interm ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors Intermediate Muni ETF (ITM)2.55%7.15%4.62%
iShares National AMT-Free Muni Bond (MUB)2.19%5.72%4.01%
PIMCO Intermediate Municipal Bd Actv ETF (MUNI)1.61%4.98%2.60%
Columbia Intermediate Municipal Bond ETF (GMMB)000

 

Graph of Fidelity Intermediate Municipal Income Fund (FLTMX) Net Asset TrackingFidelity Intermediate Municipal Income (FLTMX) Fund Net Asset

Track net asset change of Fidelity Intermediate Municipal Income fund (FLTMX)

DateNet Asset
05/2016$6.04B
03/2016$5.90B
02/2016$5.79B
More historic net asset information on Fidelity Intermediate Municipal Income Fund (FLTMX)

  

Graph of Fidelity Intermediate Municipal Income Fund (FLTMX) Portfolio TrackingFidelity Intermediate Municipal Income (FLTMX) Fund Portfolio Allocation

Track portfolio allocation change of Fidelity Intermediate Municipal Income fund (FLTMX)

DateCashStockBondOther
04/201612.71%0%87.29%0%
02/201611.98%0%88.02%0%
01/201612.64%0%87.36%0%
Click here to see more historic asset allocation information on Fidelity Intermediate Municipal Income Fund (FLTMX)

 

graph of Fidelity Intermediate Municipal Income Fund (FLTMX) Top 10 Position TrackingTop 10 Holdings in Fidelity Intermediate Municipal Income (FLTMX) Fund

Discover what Fidelity Intermediate Municipal Income Fund (FLTMX) manager is buying

Apr 29, 2016
South Carolina St Pub Svcs Aut Rev Ob 5% [0.84%]
California Pollutn Ctl Fing Au Var 0.65% [0.8%]
New York N Y City Transitional Future 5% [0.73%]
California St G O Bds 6% [0.72%]
Illinois St Toll Hwy Auth 5% [0.6%]
Whiting Ind Environmental Facs Rev Bd 5% [0.59%]
Illinois Fin Auth 5% [0.56%]
Louisiana St Gas & Fuels Tax R Rev Ref B [0.52%]
Palm Beach Cnty Fla Sch Brd Ct Cop 0.02% [0.52%]
Univ Ill Ctfs Partn Var Cops 1% [0.52%]

Feb 28, 2016
South Carolina St Pub Svcs Aut Rev Ob 5% [0.91%]
California Pollutn Ctl Fing Au Var 0.65% [0.86%]
New York N Y City Transitional Future 5% [0.78%]
California St G O Bds 6% [0.77%]
Illinois St Toll Hwy Auth 5% [0.65%]
Whiting Ind Environmental Facs Rev Bd 5% [0.64%]
Illinois Fin Auth 5% [0.59%]
Palm Beach Cnty Fla Sch Brd Ct Cop 0.02% [0.55%]
Louisiana St Gas & Fuels Tax R Rev Ref B [0.55%]
Broward Cnty Fla Sch Brd Ctfs Cops 5% [0.53%]

Jan 30, 2016
South Carolina St Pub Svcs Aut Rev Ob 5% [0.91%]
California St G O Bds 6% [0.78%]
New York N Y City Transitional Future 5% [0.78%]
Michigan St Hosp Fin Auth 0.3% [0.69%]
California Pollutn Ctl Fing Au Var 0.65% [0.67%]
Illinois St Toll Hwy Auth 5% [0.65%]
Whiting Ind Environmental Facs Rev Bd 5% [0.65%]
Illinois Fin Auth 5% [0.59%]
Louisiana St Gas & Fuels Tax R Rev Ref B [0.55%]
Palm Beach Cnty Fla Sch Brd Ct Cop 0.02% [0.55%]
Click here for Stock Holding Change Map in Fidelity Intermediate Municipal Income Fund (FLTMX)

  

Latest News on Fidelity Intermediate Municipal Income (FLTMX) Fund

See what is happening with Fidelity Intermediate Municipal Income Fund (FLTMX)

 

Fidelity Intermediate Municipal Income Fund (FLTMX) Related ResourcesSee more information on Fidelity Intermediate Municipal Income (FLTMX) Fund

Popular pages on Fidelity Intermediate Municipal Income (FLTMX) Fund

  

Fund Mojo Newsletter

Fund Mojo on Facebook Follow FundMojo on Twitter Fund Update