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Trending ETFs

Name

As of 04/17/2024

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

$10.03

$14.3 M

0.00%

1.57%

Vitals

YTD Return

-1.0%

1 yr return

3.0%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$14.3 M

Holdings in Top 10

17.4%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.57%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$250

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/17/2024

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

$10.03

$14.3 M

0.00%

1.57%

FASVX - Profile

Distributions

  • YTD Total Return -1.0%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Fidelity Sustainable Intermediate Municipal Income Fund
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Apr 28, 2022
  • Shares Outstanding
    N/A
  • Share Class
    Z
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Cormac Cullen

Fund Description

Normally investing at least 80% of assets in investment-grade municipal securities (i) whose interest is exempt from federal income tax and (ii) that Fidelity Management & Research Company LLC (FMR) (the Adviser) believes have positive environmental, social and governance (ESG) characteristics. Evaluating each security in which the fund invests using both a traditional municipal bond credit, structure and relative value analysis and a consideration of the Adviser's judgment about the security's ESG characteristics. When assessing a security's ESG characteristics and its eligibility for purchase, the Adviser considers the following, where available: (i) the sustainability practices of the security's issuer or obligor, as applicable (each, an "issuer"), based on an evaluation of such issuer's individual ESG profile; (ii) information on a security's use of proceeds; and (iii) any third-party designation as a green, sustainable or sustainability-linked bond. A security's positive ESG characteristics can be determined under any of those three factors. Using the Adviser's proprietary ESG ratings process to evaluate the current state of an issuer's sustainability practices using a data-driven framework that includes both proprietary and third-party data, and also provide a qualitative forward-looking assessment of an issuer's sustainability outlook provided by the Adviser's fundamental research analysts and ESG team. The Adviser's ESG ratings of issuers are derived from multiple factors, including an issuer's environmental profile, which may include, but is not limited to, carbon and toxic emissions, water management, waste management, and vulnerability to the physical impacts of climate change. An assessment of an issuer's social profile includes, but is not limited to, its approach to quality health care access, housing affordability, human capital management, community reinvestment, and safety. An assessment of an issuer's governance profile includes, but is not limited to, its principles of management, oversight and transparency, governance efficiency and structure, and consideration of anticompetitive practices. These factors are weighted based on how material the Adviser believes each factor is to an issuer's financial outlook, effectiveness at service delivery, and long-term sustainability, and not all factors may be applicable to all issuers. Issuers with an above average ESG rating as determined by the Adviser are considered to have positive ESG characteristics and well-managed ESG risks. Assessing a security's use of proceeds by considering factors that provide ESG characteristics, such as energy efficiency, environmentally sustainable management, and providing access to quality health care, essential services and affordable housing. The Adviser will generally consider bonds that finance education, health care, affordable housing, clean energy, municipal water and sewer, public transportation, and designated green bonds, among others, as having positive ESG characteristics. Managing the fund to have similar overall interest rate risk to the supplemental index. In addition to focusing on municipal securities with positive ESG characteristics, the Adviser analyzes the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments. Normally maintaining a dollar-weighted average maturity between three and 10 years. Allocating assets across different market sectors and maturities. Potentially investing more than 25% of total assets in municipal securities that finance similar types of projects. Employing sustainable investing exclusion criteria to avoid investments in issuers that are directly engaged in, and/or derive significant revenue from, certain industries. Please see "Fund Basics - Investment Details - Sustainable Investing Exclusions" for additional information.
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FASVX - Performance

Return Ranking - Trailing

Period FASVX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.0% -4.7% 10.2% 69.86%
1 Yr 3.0% -3.9% 31.6% 46.76%
3 Yr N/A* -11.3% 2.5% N/A
5 Yr N/A* -6.0% 1102.0% N/A
10 Yr N/A* -0.4% 248.1% N/A

* Annualized

Return Ranking - Calendar

Period FASVX Return Category Return Low Category Return High Rank in Category (%)
2023 3.2% -1.4% 41.0% 31.90%
2022 N/A -39.7% 0.3% N/A
2021 N/A -5.6% 6.9% N/A
2020 N/A -2.6% 310.0% N/A
2019 N/A 0.0% 26.0% N/A

Total Return Ranking - Trailing

Period FASVX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.0% -4.7% 10.2% 69.86%
1 Yr 3.0% -3.9% 31.6% 46.76%
3 Yr N/A* -11.3% 2.5% N/A
5 Yr N/A* -6.0% 1102.0% N/A
10 Yr N/A* -0.4% 248.1% N/A

* Annualized

Total Return Ranking - Calendar

Period FASVX Return Category Return Low Category Return High Rank in Category (%)
2023 6.3% -1.3% 41.0% 33.01%
2022 N/A -39.7% 1.1% N/A
2021 N/A -4.8% 23761504.0% N/A
2020 N/A -1.5% 17057.9% N/A
2019 N/A 0.2% 3514.6% N/A

NAV & Total Return History


FASVX - Holdings

Concentration Analysis

FASVX Category Low Category High FASVX % Rank
Net Assets 14.3 M 3.22 M 71.9 B 98.90%
Number of Holdings 235 2 13067 48.93%
Net Assets in Top 10 2.5 M -317 M 3.4 B 98.25%
Weighting of Top 10 17.37% 1.9% 100.4% 54.14%

Top 10 Holdings

  1. VAUXMONT METROP 5% 12/1/2028Q 2.46%
  2. LA CA AIRPT 5.25% 5/15/2039 @ 2.36%
  3. DUVAL FL SD COP 5% 7/1/2034 1.96%
  4. ILLINOIS FINANC 5% 10/1/2029 1.91%
  5. ARLINGTON MA 2% 9/15/2034 1.62%
  6. NEW YORK DORM 5% 7/1/2034 1.53%
  7. ESCAMBIA FL HSP 5% 8/15/2034 1.47%
  8. BURKE GA PWR 1ST SER 18 V1 1.39%
  9. MOBILE AL IDB 1% 6/1/2034 1.38%
  10. LIPA NY 5% 9/1/2038 1.29%

Asset Allocation

Weighting Return Low Return High FASVX % Rank
Bonds
99.86% 0.00% 150.86% 16.47%
Cash
0.34% -50.86% 50.09% 81.12%
Stocks
0.00% 0.00% 99.81% 56.52%
Preferred Stocks
0.00% 0.00% 0.52% 51.00%
Other
0.00% -8.54% 33.35% 52.17%
Convertible Bonds
0.00% 0.00% 0.93% N/A

Bond Sector Breakdown

Weighting Return Low Return High FASVX % Rank
Cash & Equivalents
0.34% 0.00% 48.02% 42.86%
Derivative
0.00% -8.54% 23.38% 91.79%
Securitized
0.00% 0.00% 5.93% N/A
Corporate
0.00% 0.00% 9.41% N/A
Municipal
0.00% 44.39% 100.00% N/A
Government
0.00% 0.00% 52.02% N/A

Bond Geographic Breakdown

Weighting Return Low Return High FASVX % Rank
US
99.86% 0.00% 142.23% 15.19%
Non US
0.00% 0.00% 23.89% 55.53%

FASVX - Expenses

Operational Fees

FASVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.57% 0.01% 20.65% 11.59%
Management Fee 0.39% 0.00% 1.20% 35.59%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

FASVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

FASVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

FASVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 283.00% N/A

FASVX - Distributions

Dividend Yield Analysis

FASVX Category Low Category High FASVX % Rank
Dividend Yield 0.00% 0.00% 14.56% 38.57%

Dividend Distribution Analysis

FASVX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

FASVX Category Low Category High FASVX % Rank
Net Income Ratio N/A -0.53% 5.33% N/A

Capital Gain Distribution Analysis

FASVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Distributions History

View More +

FASVX - Fund Manager Analysis

Managers

Cormac Cullen


Start Date

Tenure

Tenure Rank

Apr 13, 2022

0.13

0.1%

Mr. Cullen has worked as a research analyst and portfolio manager with Fidelity since 2010. Prior to assuming his current position, from 2007 to 2010, Mr. Cullen supported FIAM’s Fixed Income Division as senior legal counsel.

Elizah McLaughlin


Start Date

Tenure

Tenure Rank

Apr 13, 2022

0.13

0.1%

Since joining Fidelity Investments in 1997, Ms. McLaughlin has worked as an analyst and portfolio manager.

Michael Maka


Start Date

Tenure

Tenure Rank

Apr 13, 2022

0.13

0.1%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.37 1.58