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Fidelity® Limited Term Municipal Income FSTFX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
10.87  /  0.00
Total Assets
3.5 Bil
Adj. Expense Ratio
0.370%
Expense Ratio
0.370%
Fee Level
Low
Longest Manager Tenure
5.12 years
Category
Muni National Short
Credit Quality / Interest Rate Sensitivity
Medium / Limited
Min. Initial Investment
0
Status
Open
TTM Yield
1.45%
Effective Duration
2.70 years

USD | NAV as of Jun 14, 2021 | 1-Day Return as of Jun 14, 2021, 9:20 PM GMT+00:00

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Morningstar’s Analysis

Will FSTFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FSTFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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The People Pillar is our evaluation of the FSTFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

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The Parent Pillar is our rating of FSTFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A solid choice at the right price.

Senior Analyst

Summary

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While there's been some change, the team at the helm of Fidelity Limited Term Municipal Income remains large and experienced. This combined with the strategy's consistent and distinctive approach and attractive price tag will help it keep an edge, resulting in Morningstar Analyst Ratings of Silver for its cheapest share classes, while the more expensive share classes are rated Neutral and Negative.

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