Fidelity Advisor Intermediate Municipal Income Fund Class C is a municipal bond mutual fund designed to generate federally tax-exempt income for investors while preserving capital. The fund primarily invests at least 80% of its assets in investment-grade municipal bonds issued by state and local governments across the United States, which are used to finance a range of public projects such as infrastructure, education, and healthcare. Its portfolio typically maintains a dollar-weighted average maturity between three and ten years, placing it solidly within the intermediate-term municipal bond category. This approach seeks to balance income generation and risk by focusing on high-quality issuers and by diversifying investments across sectors and regions. The fund’s strategy is guided by an experienced management team that combines rigorous credit analysis with a total return perspective, aiming to deliver consistent, tax-advantaged income. Fidelity Advisor Intermediate Municipal Income Fund Class C plays a significant role in the market for investors seeking to manage tax liabilities and achieve steady income through exposure to the municipal bond sector, particularly those willing to accept modest interest rate and credit risk for federal tax benefits.
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