FASLX

About FASLX

Fidelity Advisor Sustainable Intermediate Municipal Income Fund - Class M is an actively managed municipal bond mutual fund designed to deliver a high level of current income that is exempt from U.S. federal income tax while seeking to preserve capital. The portfolio primarily invests in investment‑grade, intermediate‑maturity municipal securities, maintaining a core allocation with a typical duration around the mid‑single‑digits to balance income and interest‑rate risk. The strategy incorporates environmental, social, and governance considerations by emphasizing bonds whose use of proceeds provides positive ESG characteristics, including financing for education, health care, affordable housing, and environmentally sustainable infrastructure. Managed by a team including Elizah McLaughlin, Cormac Cullen, and Michael Maka, the fund targets competitive, tax‑efficient income through diversified exposure and measured credit overweights within the investment‑grade spectrum. It offers monthly distributions and a net expense ratio aligned with its share class, reflecting an Advisor‑sold structure. In the municipal market, the fund serves as a tax‑efficient core bond holding for investors seeking intermediate‑term exposure with an ESG‑aligned approach to essential public‑purpose financing.