Fidelity Advisor Intermediate Municipal Income Fund Class Z (FIQZX)
The investment seeks as high a level of current income, exempt from federal income tax, as is consistent with the preservation of capital. The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal income tax. It allocates assets across different market sectors and maturities. The fund invests more than 25% of total assets in municipal securities that finance similar types of projects. It maintains a dollar-weighted average maturity between three and 10 years.
Fund Info
US31638R6835
Oct 2, 2018
$0
Expense Ratio
FIQZX has an expense ratio of 0.27%, which is considered low compared to other funds.
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 Intermediate Municipal Income Fund Class Z, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Advisor Intermediate Municipal Income Fund Class Z had a return of 0.64% year-to-date (YTD) and 2.46% in the last 12 months.
FIQZX
0.64%
0.84%
0.80%
2.46%
0.92%
N/A
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of FIQZX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.54% | 0.64% | |||||||||||
| 2024 | 0.04% | 0.11% | -0.20% | -0.64% | -0.47% | 1.00% | 1.05% | 0.69% | 1.04% | -1.33% | 1.09% | -0.71% | 1.65% |
| 2023 | 2.53% | -1.79% | 1.92% | -0.40% | -0.68% | 0.71% | 0.31% | -0.78% | -2.22% | -0.48% | 4.59% | 1.90% | 5.55% |
| 2022 | -2.26% | -0.52% | -2.33% | -2.25% | 1.33% | -1.02% | 1.91% | -1.52% | -2.73% | -0.53% | 3.43% | 0.10% | -6.40% |
| 2021 | 0.62% | -1.32% | 0.45% | 0.71% | 0.34% | 0.24% | 0.61% | -0.22% | -0.68% | -0.22% | 0.60% | -0.13% | 1.00% |
| 2020 | 1.61% | 1.10% | -3.75% | -1.24% | 2.81% | 1.12% | 1.49% | -0.19% | -0.02% | -0.10% | 1.10% | 0.64% | 4.49% |
| 2019 | 0.81% | 0.49% | 1.29% | 0.21% | 1.37% | 0.40% | 0.77% | 1.24% | -0.73% | 0.20% | 0.10% | 0.10% | 6.40% |
| 2018 | -0.30% | 1.01% | 1.01% | 1.73% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FIQZX is 47, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Advisor Intermediate Municipal Income Fund Class Z (FIQZX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Advisor Intermediate Municipal Income Fund Class Z provided a 2.72% dividend yield over the last twelve months, with an annual payout of $0.27 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.27 | $0.25 | $0.21 | $0.20 | $0.23 | $0.26 | $0.05 |
Dividend yield | 2.72% | 2.71% | 2.47% | 2.11% | 1.83% | 2.13% | 2.45% | 0.44% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Intermediate Municipal Income Fund Class Z. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.00 | $0.02 | ||||||||||
| 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 | $0.27 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2018 | $0.02 | $0.02 | $0.05 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor Intermediate Municipal Income Fund Class Z. 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 Intermediate Municipal Income Fund Class Z was 10.54%, occurring on Oct 25, 2022. Recovery took 451 trading sessions.
The current Fidelity Advisor Intermediate Municipal Income Fund Class Z drawdown is 0.60%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -10.54% | Aug 6, 2021 | 310 | Oct 25, 2022 | 451 | Aug 5, 2024 | 761 |
| -10.42% | Mar 10, 2020 | 9 | Mar 20, 2020 | 94 | Aug 4, 2020 | 103 |
| -2.01% | Dec 10, 2024 | 23 | Jan 14, 2025 | — | — | — |
| -2.01% | Oct 4, 2024 | 24 | Nov 6, 2024 | 22 | Dec 6, 2024 | 46 |
| -1.73% | Feb 16, 2021 | 8 | Feb 25, 2021 | 70 | Jun 7, 2021 | 78 |
Volatility
Volatility Chart
The current Fidelity Advisor Intermediate Municipal Income Fund Class Z volatility is 0.71%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.