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Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Advisor® Municipal Income Fund

FAIBX |

-

$1.17 B

-

1.39%

Vitals

YTD Return

N/A

1 yr return

5.1%

3 Yr Avg Return

3.5%

5 Yr Avg Return

4.7%

Net Assets

$1.17 B

Holdings in Top 10

10.0%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.39%

SALES FEES

Front Load N/A

Deferred Load 5.00%

TRADING FEES

Turnover 14.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$2,500

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Advisor® Municipal Income Fund

FAIBX |

-

$1.17 B

-

1.39%

FAIBX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 2.6%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.67%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity Advisor® Municipal Income Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Jun 30, 1994
  • Shares Outstanding
    N/A
  • Share Class
    B
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kevin Ramundo

Fund Description

FAIBX - Performance

Return Ranking - Trailing

Period FAIBX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 0.0% 5.6% N/A
1 Yr 5.1% -3.2% 5.4% N/A
3 Yr 3.5%* -2.9% 1.5% N/A
5 Yr 4.7%* -1.8% 2.3% N/A
10 Yr 4.0%* -8.7% 2.4% N/A

* Annualized

Return Ranking - Calendar

Period FAIBX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -4.8% 0.8% N/A
2022 N/A -0.9% 5.6% N/A
2021 N/A -6.1% 7.3% N/A
2020 N/A -10.9% 2.6% N/A
2019 N/A -60.4% 12.0% N/A

Total Return Ranking - Trailing

Period FAIBX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 0.0% 5.6% N/A
1 Yr 0.1% -2.9% 6.9% N/A
3 Yr 2.6%* -2.9% 3.2% N/A
5 Yr 4.3%* -1.8% 3.7% N/A
10 Yr 4.0%* -8.7% 5.0% N/A

* Annualized

Total Return Ranking - Calendar

Period FAIBX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -4.8% 1.7% N/A
2022 N/A -0.9% 6.2% N/A
2021 N/A -6.1% 7.3% N/A
2020 N/A -9.6% 3.9% N/A
2019 N/A -60.4% 12.0% N/A

FAIBX - Holdings

Concentration Analysis

FAIBX Category Low Category High FAIBX % Rank
Net Assets 1.17 B 770 K 66.2 B N/A
Number of Holdings 638 3 8426 N/A
Net Assets in Top 10 110 M -122 M 2.02 B N/A
Weighting of Top 10 9.98% 2.5% 100.0% N/A

Top 10 Holdings

  1. Illinois Mun Elec Agy Pwr Supp Ref 0.04% 1.95%
  2. California St G O Bds 6% 1.24%
  3. New Jersey Econ Dev Auth 5% 1.17%
  4. Kentucky St Ppty & Bldgs Commn Rev Bd 5% 1.12%
  5. Grand Parkway Transn Corp Tex Toll 5.25% 0.89%
  6. South Carolina St Pub Svcs Aut Rev Ob 5% 0.82%
  7. Harris Cnty Tex Snr Lien 5.25% 0.78%
  8. South Carolina St Pub Svcs Aut Rev Ob 5% 0.75%
  9. South Carolina St Pub Svcs Aut Rev 5.5% 0.64%
  10. Sweetwater Calif Un High Sch D Go 5.625% 0.63%

Asset Allocation

Weighting Return Low Return High FAIBX % Rank
Bonds 		98.94% 17.56% 101.83% N/A
Cash 		1.06% -1.83% 82.44% N/A
Stocks 		0.00% 0.00% 0.01% N/A
Preferred Stocks 		0.00% 0.00% 9.32% N/A
Other 		0.00% -1.53% 30.00% N/A
Convertible Bonds 		0.00% 0.00% 2.58% N/A

Bond Sector Breakdown

Weighting Return Low Return High FAIBX % Rank
Municipal 		98.94% 0.00% 112.93% N/A
Cash & Equivalents 		1.06% -4.96% 82.44% N/A
Derivative 		0.00% 0.00% 0.01% N/A
Securitized 		0.00% 0.00% 25.65% N/A
Corporate 		0.00% 0.00% 34.88% N/A
Government 		0.00% -13.64% 71.35% N/A

Bond Geographic Breakdown

Weighting Return Low Return High FAIBX % Rank
US 		98.94% 17.56% 101.37% N/A
Non US 		0.00% 0.00% 23.81% N/A

FAIBX - Expenses

Operational Fees

FAIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.39% 0.09% 4.80% N/A
Management Fee 0.36% 0.00% 0.65% N/A
12b-1 Fee 0.90% 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.34% N/A

Sales Fees

FAIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 5.00% 0.50% 5.50% N/A

Trading Fees

FAIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FAIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 0.00% 504.54% N/A

FAIBX - Distributions

Dividend Yield Analysis

FAIBX Category Low Category High FAIBX % Rank
Dividend Yield 0.00% 0.00% 2.44% N/A

Dividend Distribution Analysis

FAIBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FAIBX Category Low Category High FAIBX % Rank
Net Income Ratio 2.67% 0.01% 4.95% N/A

Capital Gain Distribution Analysis

FAIBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

FAIBX - Fund Manager Analysis

Managers

Kevin Ramundo

Start Date

Tenure

Tenure Rank

Jun 30, 2010

5.92

5.9%

Kevin Ramundo is lead portfolio manager of Fidelity Municipal Income 2017 Fund, Fidelity Municipal Income 2021 Fund, and Fidelity Municipal Income 2023 Fund and co-manager of Fidelity Municipal Income 2015 Fund and Fidelity Municipal Income 2019 Fund, which he has managed (other than Fidelity Municipal Income 2023 Fund) since May 2011. He has managed Fidelity Municipal Income 2023 Fund since April 2013. He also manages other funds. Since joining Fidelity Investments in 2000, Mr. Ramundo has worked as a research analyst and portfolio manager.

Cormac Cullen

Start Date

Tenure

Tenure Rank

May 02, 2016

0.08

0.1%

Since joining Fidelity Investments in 2007, Mr. Cullen has worked as a research analyst, structured analyst, senior legal counsel, and portfolio manager.

Mark Sommer

Start Date

Tenure

Tenure Rank

Jun 30, 2010

5.92

5.9%

Sommer is manager of Fidelity funds. Since joining Fidelity in 1992, Sommer has worked as an analyst and manager.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.5 17.18 3.07 0.5

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