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Fidelity Advisor Sustainable Intermediate Municipa...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Fund Info

ISIN
US31635T4195
Issuer
Fidelity
Inception Date
Apr 13, 2022
Min. Investment
$250
Distribution Policy
Distributing
Asset Class
Bond

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Fidelity Advisor Sustainable Intermediate Municipal Income Fund Class A, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Fidelity Advisor Sustainable Intermediate Municipal Income Fund Class A (FASJX) has returned -1.03% so far this year and 3.86% over the past 12 months.


Fidelity Advisor Sustainable Intermediate Municipal Income Fund Class A

1D
0.10%
1M
-2.88%
YTD
-1.03%
6M
0.28%
1Y
3.86%
3Y*
2.79%
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Apr 27, 2022, FASJX's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, your investment would double in approximately 24.1 years.

Historically, 58% of months were positive and 42% were negative. The best month was Nov 2023 with a return of +5.4%, while the worst month was Sep 2022 at -3.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, FASJX closed higher 39% of trading days. The best single day was Apr 10, 2025 with a return of +1.5%, while the worst single day was Apr 7, 2025 at -1.6%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.81%1.08%-2.88%-1.03%
20250.64%1.01%-1.43%-0.36%0.24%0.94%0.14%0.94%1.62%0.93%0.14%0.26%5.16%
2024-0.36%0.12%-0.06%-1.15%-0.66%1.54%0.94%1.03%0.92%-1.42%1.32%-1.14%1.02%
20232.43%-1.98%1.94%-0.29%-0.88%0.72%0.22%-0.88%-2.21%-0.93%5.38%2.33%5.74%
2022-0.17%1.27%-1.39%2.01%-1.87%-3.12%-0.30%3.54%0.41%0.22%

Benchmark Metrics

Fidelity Advisor Sustainable Intermediate Municipal Income Fund Class A has an annualized alpha of 2.73%, beta of 0.01, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since April 28, 2022.

  • This fund participated in 32.08% of S&P 500 Index downside but only 22.80% of its upside — more exposed to losses than it benefited from rallies.
  • Beta of 0.01 may look defensive, but with R² of 0.00 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
  • R² of 0.00 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
2.73%
Beta
0.01
0.00
Upside Capture
22.80%
Downside Capture
32.08%

Expense Ratio

FASJX has an expense ratio of 0.62%, placing it in the medium range.


Return for Risk

Risk / Return Rank

FASJX ranks 59 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.


FASJX Risk / Return Rank: 5959
Overall Rank
FASJX Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
FASJX Sortino Ratio Rank: 5656
Sortino Ratio Rank
FASJX Omega Ratio Rank: 8282
Omega Ratio Rank
FASJX Calmar Ratio Rank: 4848
Calmar Ratio Rank
FASJX Martin Ratio Rank: 4444
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Fidelity Advisor Sustainable Intermediate Municipal Income Fund Class A (FASJX) and compare them to a chosen benchmark (S&P 500 Index).


FASJXBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.16

0.90

+0.27

Sortino ratio

Return per unit of downside risk

1.53

1.39

+0.15

Omega ratio

Gain probability vs. loss probability

1.33

1.21

+0.12

Calmar ratio

Return relative to maximum drawdown

1.20

1.40

-0.19

Martin ratio

Return relative to average drawdown

4.59

6.61

-2.02

Explore FASJX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Fidelity Advisor Sustainable Intermediate Municipal Income Fund Class A provided a 2.60% dividend yield over the last twelve months, with an annual payout of $0.26 per share. The fund has been increasing its distributions for 3 consecutive years.


1.00%1.50%2.00%2.50%3.00%$0.00$0.05$0.10$0.15$0.20$0.25$0.302022202320242025
Dividends
Dividend Yield
PeriodTTM2025202420232022
Dividend$0.26$0.29$0.28$0.24$0.10

Dividend yield

2.60%2.82%2.80%2.34%1.02%

Monthly Dividends

The table displays the monthly dividend distributions for Fidelity Advisor Sustainable Intermediate Municipal Income Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.02$0.02$0.00$0.04
2025$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.29
2024$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.28
2023$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.00$0.02$0.02$0.24
2022$0.00$0.02$0.00$0.00$0.02$0.00$0.02$0.02$0.02$0.10

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Fidelity Advisor Sustainable Intermediate Municipal Income Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity Advisor Sustainable Intermediate Municipal Income Fund Class A was 5.90%, occurring on Oct 25, 2022. Recovery took 56 trading sessions.

The current Fidelity Advisor Sustainable Intermediate Municipal Income Fund Class A drawdown is 2.88%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-5.9%Aug 3, 202259Oct 25, 202256Jan 17, 2023115
-5.24%Apr 14, 2023138Oct 30, 202323Dec 1, 2023161
-4.19%Mar 5, 202526Apr 9, 202580Aug 5, 2025106
-3.05%Oct 4, 202455Dec 20, 202445Feb 28, 2025100
-2.97%Mar 2, 202620Mar 27, 2026

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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