Fidelity Intermediate Municipal Income Fund (FLTMX)
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
| ISIN | US31638R2040 |
|---|---|
| CUSIP | 31638R204 |
| Issuer | Fidelity |
| Inception Date | Apr 15, 1977 |
| Category | Municipal Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
FLTMX features an expense ratio of 0.32%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: FLTMX vs. FSTFX, FLTMX vs. RVNU, FLTMX vs. BSNSX, FLTMX vs. SCHD, FLTMX vs. MUB, FLTMX vs. VTEB, FLTMX vs. FXNAX, FLTMX vs. BND, FLTMX vs. FBND, FLTMX vs. FTABX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Intermediate Municipal Income Fund, 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 Intermediate Municipal Income Fund had a return of 1.53% year-to-date (YTD) and 5.58% in the last 12 months. Over the past 10 years, Fidelity Intermediate Municipal Income Fund had an annualized return of 1.99%, while the S&P 500 had an annualized return of 11.39%, indicating that Fidelity Intermediate Municipal Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.53% | 25.48% |
| 1 month | -0.46% | 2.14% |
| 6 months | 1.54% | 12.76% |
| 1 year | 5.58% | 33.14% |
| 5 years (annualized) | 1.20% | 13.96% |
| 10 years (annualized) | 1.99% | 11.39% |
Monthly Returns
The table below presents the monthly returns of FLTMX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.04% | 0.10% | -0.20% | -0.65% | -0.48% | 1.01% | 1.04% | 0.69% | 1.03% | -1.34% | 1.53% | ||
| 2023 | 2.53% | -1.80% | 1.93% | -0.40% | -0.69% | 0.81% | 0.21% | -0.79% | -2.22% | -0.49% | 4.60% | 1.90% | 5.51% |
| 2022 | -2.26% | -0.53% | -2.33% | -2.26% | 1.32% | -0.93% | 1.81% | -1.53% | -2.75% | -0.53% | 3.53% | -0.00% | -6.47% |
| 2021 | 0.63% | -1.32% | 0.44% | 0.70% | 0.34% | 0.24% | 0.61% | -0.22% | -0.69% | -0.22% | 0.61% | -0.13% | 0.96% |
| 2020 | 1.60% | 1.10% | -3.77% | -1.25% | 2.82% | 1.12% | 1.40% | -0.11% | -0.03% | -0.11% | 1.10% | 0.63% | 4.42% |
| 2019 | 0.80% | 0.49% | 1.28% | 0.21% | 1.36% | 0.39% | 0.78% | 1.23% | -0.74% | 0.20% | 0.09% | 0.10% | 6.34% |
| 2018 | -0.85% | -0.49% | 0.10% | -0.15% | 1.00% | -0.10% | 0.52% | 0.12% | -0.58% | -0.47% | 1.01% | 1.00% | 1.11% |
| 2017 | 0.42% | 0.50% | 0.24% | 0.61% | 1.30% | -0.36% | 0.80% | 0.80% | -0.27% | 0.12% | -0.57% | 0.79% | 4.47% |
| 2016 | 0.88% | 0.10% | 0.22% | 0.59% | 0.22% | 1.43% | 0.02% | 0.11% | -0.36% | -0.73% | -3.49% | 0.72% | -0.37% |
| 2015 | 1.54% | -0.91% | 0.22% | -0.55% | -0.45% | -0.08% | 0.61% | -0.07% | 0.69% | 0.41% | 0.31% | 0.51% | 2.24% |
| 2014 | 1.54% | 0.91% | -0.04% | 0.92% | 1.01% | 0.04% | 0.24% | 0.90% | 0.03% | 0.50% | 0.11% | 0.37% | 6.72% |
| 2013 | 0.33% | 0.23% | -0.14% | 0.80% | -0.98% | -2.05% | -0.52% | -1.02% | 1.63% | 0.65% | -0.24% | -0.15% | -1.49% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FLTMX is 44, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Intermediate Municipal Income Fund (FLTMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Intermediate Municipal Income Fund provided a 2.61% dividend yield over the last twelve months, with an annual payout of $0.26 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.26 | $0.25 | $0.20 | $0.19 | $0.22 | $0.25 | $0.26 | $0.27 | $0.27 | $0.27 | $0.30 | $0.32 |
Dividend yield | 2.61% | 2.43% | 2.05% | 1.80% | 2.06% | 2.39% | 2.55% | 2.61% | 2.61% | 2.59% | 2.81% | 3.17% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Intermediate Municipal Income Fund. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.22 | |
| 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 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 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 | $0.19 |
| 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 | $0.22 |
| 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 | $0.25 |
| 2018 | $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 |
| 2017 | $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 |
| 2016 | $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 |
| 2015 | $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 |
| 2014 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.30 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.32 |
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 Intermediate Municipal Income Fund. 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 Intermediate Municipal Income Fund was 12.97%, occurring on Oct 19, 1987. Recovery took 73 trading sessions.
The current Fidelity Intermediate Municipal Income Fund drawdown is 1.24%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.97% | Mar 11, 1987 | 159 | Oct 19, 1987 | 73 | Jan 28, 1988 | 232 |
| -10.61% | Aug 6, 2021 | 310 | Oct 25, 2022 | 475 | Sep 6, 2024 | 785 |
| -10.44% | Mar 10, 2020 | 9 | Mar 20, 2020 | 96 | Aug 6, 2020 | 105 |
| -9.99% | Dec 10, 1993 | 248 | Nov 22, 1994 | 121 | May 10, 1995 | 369 |
| -7% | Sep 12, 2008 | 25 | Oct 16, 2008 | 60 | Jan 13, 2009 | 85 |
Volatility
Volatility Chart
The current Fidelity Intermediate Municipal Income Fund volatility is 1.33%, 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.