Fidelity Advisor Sustainable Intermediate Municipal Income Fund – Class A is an open‑end mutual fund focused on U.S. municipal bonds with an intermediate duration profile. Its primary objective is to provide a high level of current income that is exempt from federal income tax while emphasizing preservation of capital. The strategy normally invests at least 80% of assets in investment‑grade municipal securities that Fidelity Management & Research believes exhibit positive environmental, social, and governance characteristics, assessing bond use‑of‑proceeds in areas such as energy efficiency, essential services, health care, education, and affordable housing. Managed by a dedicated team, the portfolio employs fundamental municipal credit analysis alongside relative value and structure assessments to balance income generation with risk control. The fund serves investors seeking tax‑advantaged income within the intermediate municipal segment and contributes to market financing for public‑purpose projects aligned with defined sustainability criteria. As of recent fund literature, the product family reports modest asset size and publishes class‑specific expenses and sales charges typical of advisor‑distributed municipal income strategies.
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