Fidelity Advisor Intermediate Municipal Income Fund - Class A is an open-end municipal bond fund focused on generating a high level of tax-exempt income while preserving capital. It primarily invests in investment-grade municipal securities, normally allocating at least 80% of assets to bonds whose interest is exempt from federal income taxes and maintaining a dollar-weighted average maturity between three and ten years. The portfolio spans general obligation and revenue bonds across multiple states and sectors that finance public infrastructure and essential services, helping diversify credit exposure within the municipal market. The fund employs a total return approach that balances income and price appreciation, managed by an experienced team using rigorous credit research and risk controls. Its intermediate interest-rate profile targets moderate duration to temper volatility relative to longer-maturity municipal strategies, aligning with tax-sensitive investors seeking steady, federally tax-exempt income and measured interest-rate risk. Established in 2005, the strategy offers multiple share classes to match different distribution and fee preferences while maintaining the same underlying investment process and objectives.
Based on technical indicators and chart patterns, FZIAX shows...
Market sentiment analysis indicates...