Fidelity Intermediate Municipal Income Fund (FLTMX)
Fidelity Intermediate Municipal Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $9.70, down 0.41% on the session, giving a market capitalisation of $13.13B. Its beta of 0.76 implies it has historically moved less than the broad market.
This fund primarily invests a substantial portion (at least 80%) of its assets in high-quality municipal securities, the income from which is free from federal taxation. Its investment strategy involves diversifying holdings across various market segments and bond durations. Notably, over a quarter (more than 25%) of its total capital may be concentrated in municipal bonds that finance similar project categories. A core principle of the fund is to maintain a dollar-weighted average maturity for its portfolio that falls between three and ten years.
Fidelity Intermediate Municipal Income Fund is most often compared with the following Financial Services names: