FIQZX

About FIQZX

Fidelity Advisor Intermediate Municipal Income Fund - Class Z is a mutual fund that primarily aims to generate a high level of current income, with interest payments exempt from federal income tax, while emphasizing the preservation of capital. The fund invests at least 80% of its assets in investment-grade municipal securities issued by U.S. state and local governments to fund public projects, such as utilities, healthcare, education, and transportation. These securities typically have intermediate maturities, with the fund maintaining a dollar-weighted average maturity between three and ten years. Distinguished by its broad diversification, the fund holds over 3,000 securities and allocates more than 25% of its assets to financing similar types of municipal projects. It is designed to suit investors seeking tax-advantaged income with moderate interest rate sensitivity and credit risk, as reflected in its medium credit quality and effective duration around 4.85 years. Monthly distributions, competitive expense ratio, and a $0 minimum investment further contribute to its accessibility and market relevance. As part of the Muni National Intermediate category, the fund plays a key role in providing federally tax-exempt income, supporting infrastructure, and preserving capital within diversified fixed-income portfolios.