Fidelity Arizona Municipal Income Fund (FSAZX)
Fidelity Arizona 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 $11.49, up 0.00% on the session, giving a market capitalisation of $129.8M. Its beta of 0.89 implies it has historically moved less than the broad market.
This fund primarily directs its capital towards investment-grade municipal securities, with a minimum of 80% of its assets typically invested in such holdings. The income generated from these bonds is generally exempt from both federal and Arizona personal income taxes. While the fund endeavors to diversify its portfolio across various market segments and bond maturity dates, it maintains the discretion to commit more than 25% of its total assets to municipal debt instruments that finance comparable types of projects. As a result, it operates as a non-diversified investment vehicle.
Fidelity Arizona Municipal Income Fund is most often compared with the following Financial Services names: