FHUGX

About FHUGX

Fidelity Advisor Municipal Income Fund Class A is an open-end municipal bond fund focused on generating a high level of current income that is exempt from federal income tax. The fund normally invests at least 80% of its assets in investment‑grade municipal securities, allocating across sectors and maturities to diversify interest rate and credit exposures. It targets bonds issued by state and local governments and related entities that finance public infrastructure and essential services, positioning the portfolio within the national long municipal category. Managed within Fidelity’s fixed income platform, the strategy emphasizes credit quality while seeking competitive tax‑advantaged yield through active security selection and sector rotation. The fund distributes income on a monthly basis, reflecting its role as a core tax‑aware income holding for investors seeking federally tax‑exempt cash flows. With a multi‑class structure tied to the broader Fidelity Municipal Income Fund, Class A shares provide access to the same underlying portfolio and research capabilities, aligning the product with investors prioritizing tax efficiency and diversified municipal exposure.