Mutual Fund Insights: Fidelity Pennsylvania Municipal Income Fund (FPXTX)

In-depth Analysis of Fidelity Pennsylvania Municipal Income Fund (FPXTX)

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See Fidelity Pennsylvania Municipal Income Fund (FPXTX) performance details as of January 31, 2010

  

Last Trade: $10.84 on 3/17/2010, Change: 0.00 (0%)

  

Fund Manager - Mark Sommer

Fund Manager Tenure: 7.8 years
Fundmojo Fund Grade: B (Score: 0.64)     (What does this score mean?)

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

  

 What we like about Fidelity Pennsylvania Municipal Income Fund (FPXTX)

Data for Fidelity Pennsylvania Municipal Income Fund (FPXTX) as of January 31, 2010

• Fidelity Pennsylvania Municipal Income Fund (FPXTX) management has been with Fidelity Pennsylvania Municipal Income Fund for 7.8 years
• Fidelity Pennsylvania Municipal Income Fund (FPXTX) has good mid-term performance (3-year return 4.40% vs 2.92% Muni Pennsylvania category average)
• Fidelity Pennsylvania Municipal Income Fund (FPXTX) has good Long-term performance (5-year return 3.77% vs 3.08% Muni Pennsylvania category average)
• Fidelity Pennsylvania Municipal Income Fund (FPXTX) ratio of up-years vs down years is greater than 2
• Fidelity Pennsylvania Municipal Income Fund (FPXTX) has a Morningstar rating of 4 and above
• Fidelity Pennsylvania Municipal Income Fund (FPXTX) has an annual stock turnover rate of 17.00% vs Muni Pennsylvania average of 21.14%. It is good that Fidelity Pennsylvania Municipal Income management does not trade extensively for its return.
• Fidelity Pennsylvania Municipal Income Fund (FPXTX) is less volatile than its peers as it has a 3-year Standard Deviation of 4.65, lower than category average of 6.99
• Fidelity Pennsylvania Municipal Income Fund (FPXTX) has a lower management fee than its Muni Pennsylvania average: 0.50% vs 1.07%
• Fidelity Pennsylvania Municipal Income Fund (FPXTX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Fidelity Pennsylvania Municipal Income Fund (FPXTX)

Data for Fidelity Pennsylvania Municipal Income Fund (FPXTX) as of January 31, 2010

• Fidelity Pennsylvania Municipal Income Fund (FPXTX) has a less-than-ideal short-term performance (1-year return 7.40% vs 11.86% Muni Pennsylvania category average)
• Fidelity Pennsylvania Municipal Income Fund (FPXTX) is less safe compared to its Muni Pennsylvania peers

See Fidelity Pennsylvania Municipal Income Fund (FPXTX) performance details as of January 31, 2010

  

  

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Fidelity Pennsylvania Municipal Income Fund (FPXTX) Net Asset

Track net asset change of Fidelity Pennsylvania Municipal Income fund (FPXTX)

Date	Net Asset
01/2010	$431.32M
11/2009	$421.38M
10/2009	$413.39M

More historic net asset information on Fidelity Pennsylvania Municipal Income Fund (FPXTX)

  

Fidelity Pennsylvania Municipal Income Fund (FPXTX) Portfolio Allocation

Track portfolio allocation change of Fidelity Pennsylvania Municipal Income fund (FPXTX)

Date	Cash	Stock	Bond	Other
10/2009	0.79%	0%	99.21%	0%
09/2009	0.78%	0%	99.22%	0%
08/2009	0.81%	0%	99.19%	0%

Click here to see more historic asset allocation information on Fidelity Pennsylvania Municipal Income Fund (FPXTX)

  

Most Recent Top 10 Holdings in Fidelity Pennsylvania Municipal Income Fund (FPXTX)

Discover what Fidelity Pennsylvania Municipal Income Fund (FPXTX) manager is buying

31-Oct-09 CANON MCMILLAN SCH DIST PA G.O. BDS [2.3%] BETHEL PARK PA SCH DIST GO BDS [2.27%] Pennsylvania St Tpk Commn Tpk Tpk Rev 5% [2%] Pennsylvania St Tpk Commn Tpk Tpk Rev 5% [1.9%] Pennsylvania Intergovernmental Spl Ta 5% [1.64%] Pennsylvania St Go Bds 5% [1.6%] CENTRAL DAUPHIN PA SCH DIST SCH DIST [1.58%] Philadelphia Pa Go Ref Bd 5.25% [1.52%] Pittsburgh Pa Wtr & Swr Auth 6.5% [1.49%] Univ Pittsburgh Of The Comwlth Rev 5.5% [1.46%]

30-Sep-09 Bethel Park Pa Sch Dist 5% [2.31%] Canon Mcmillan Sch Dist 5.75% [2.27%] Pennsylvania St Tpk Commn Tpk Tpk Rev 5% [2.01%] Pennsylvania St Tpk Commn Tpk Tpk Rev 5% [1.9%] Pennsylvania Intergovernmental Spl Ta 5% [1.66%] Pennsylvania St Go Bds 5% [1.62%] Central Dauphin Pa Sch Dist 7.5% [1.59%] Philadelphia Pa Go Ref Bd 5.25% [1.54%] Univ Pittsburgh Of The Comwlth Rev 5.5% [1.5%] Pittsburgh Pa Wtr & Swr Auth 6.5% [1.47%]

31-Aug-09 Bethel Park Pa Sch Dist 5% [2.31%] Canon Mcmillan Sch Dist 5.75% [2.27%] Pennsylvania St Tpk Commn Tpk Tpk Rev 5% [2.03%] Pennsylvania St Tpk Commn Tpk Tpk Rev 5% [1.92%] Pennsylvania Intergovernmental Spl Ta 5% [1.68%] Central Dauphin Pa Sch Dist 7.5% [1.64%] Pennsylvania St Go Bds 5% [1.62%] Philadelphia Pa Go Ref Bd 5.25% [1.53%] Pittsburgh Pa Wtr & Swr Auth 6.5% [1.53%] Wilson Pa Sch Dist 5.25% [1.49%]

Click here for Stock Holding Change Map in Fidelity Pennsylvania Municipal Income Fund (FPXTX)

  

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See more information on Fidelity Pennsylvania Municipal Income Fund (FPXTX)

• Fidelity Pennsylvania Municipal Income Fund Insights
• Fidelity Pennsylvania Municipal Income Fund Performance Data
• Fidelity Pennsylvania Municipal Income Fund News
• Fidelity Pennsylvania Municipal Income Fund Score Explaination
• Fidelity Pennsylvania Municipal Income Fund Manager Information
• Historic Fidelity Pennsylvania Municipal Income Fund Asset Allocation Report
• Historic Fidelity Pennsylvania Municipal Income Fund Top 10 Holding Tracking
• Historic Fidelity Pennsylvania Municipal Income Fund Asset Under Management Tracking