FASNX

About FASNX

Fidelity Advisor Sustainable Intermediate Municipal Income Fund - Class C is an actively managed municipal bond mutual fund focused on delivering a high level of current income that is exempt from U.S. federal income tax while seeking preservation of capital. The strategy primarily invests in investment‑grade, intermediate‑maturity municipal securities, with at least 80% of assets allocated to bonds whose interest is federally tax‑exempt and that exhibit positive environmental, social, and governance characteristics. Portfolio selection emphasizes use‑of‑proceeds analysis, favoring projects tied to areas such as clean energy, energy efficiency, affordable housing, essential services, education, and health care. The fund is co‑managed by Elizah McLaughlin, Cormac Cullen, and Michael Maka, who target competitive risk‑adjusted returns through diversified exposure and disciplined credit and duration positioning. As reported to shareholders, the class incurred ongoing expenses reflecting distribution and servicing costs typical of this share class, and performance has been influenced by carry from higher‑yielding investment‑grade bonds and credit quality tilts within the intermediate muni universe. Inception for this strategy dates to 2022, aligning it with recent developments in sustainable municipal financing.