Fidelity Arizona Municipal Income Fund (FSAZX)
The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and Arizona personal income taxes. 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 is non-diversified.
Fund Info
US3164488856
316448885
Oct 11, 1994
$0
Expense Ratio
FSAZX has an expense ratio of 0.55%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Fidelity Arizona Municipal Income Fund (FSAZX) returned -1.50% year-to-date (YTD) and 1.82% over the past 12 months. Over the past 10 years, FSAZX returned 1.92% annually, underperforming the S&P 500 benchmark at 10.85%.
FSAZX
-1.50%
-0.45%
-2.61%
1.82%
1.72%
0.36%
1.92%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of FSAZX, 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 | 0.22% | 0.98% | -1.42% | -0.83% | -0.45% | -1.50% | |||||||
| 2024 | -0.09% | 0.03% | -0.09% | -0.80% | -0.04% | 1.51% | 0.96% | 0.52% | 1.12% | -1.33% | 1.40% | -1.12% | 2.04% |
| 2023 | 2.99% | -2.35% | 2.01% | -0.44% | -0.65% | 0.92% | 0.21% | -1.12% | -2.61% | -0.77% | 5.46% | 2.49% | 6.01% |
| 2022 | -2.55% | -0.58% | -2.89% | -2.91% | 0.99% | -1.39% | 2.22% | -2.06% | -3.29% | -0.81% | 4.30% | 0.00% | -8.89% |
| 2021 | 0.34% | -1.58% | 0.58% | 0.97% | 0.41% | 0.24% | 0.72% | -0.31% | -0.79% | -0.18% | 0.80% | 0.03% | 1.22% |
| 2020 | 1.73% | 1.21% | -3.59% | -1.36% | 3.02% | 0.66% | 1.47% | -0.45% | 0.10% | -0.31% | 1.47% | 0.66% | 4.53% |
| 2019 | 0.81% | 0.53% | 1.39% | 0.37% | 1.36% | 0.36% | 0.86% | 1.57% | -0.77% | 0.20% | 0.10% | 0.27% | 7.25% |
| 2018 | -1.52% | -0.57% | 0.34% | -0.16% | 1.16% | -0.17% | 0.42% | 0.13% | -0.64% | -0.56% | 1.08% | 1.15% | 0.62% |
| 2017 | 0.65% | 0.54% | 0.23% | 0.71% | 1.64% | -0.21% | 0.63% | 0.79% | -0.45% | 0.08% | -0.50% | 1.21% | 5.45% |
| 2016 | 1.39% | -0.02% | 0.40% | 0.79% | 0.23% | 1.75% | 0.06% | -0.02% | -0.43% | -1.01% | -3.98% | 1.00% | 0.02% |
| 2015 | 1.91% | -1.22% | 0.59% | -0.56% | -0.31% | -0.08% | 0.75% | 0.17% | 0.74% | 0.50% | 0.32% | 0.70% | 3.55% |
| 2014 | 2.05% | 1.04% | 0.47% | 1.39% | 1.47% | 0.03% | 0.19% | 1.36% | 0.17% | 0.74% | 0.34% | 0.76% | 10.45% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FSAZX is 26, 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 Arizona Municipal Income Fund (FSAZX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Fidelity Arizona Municipal Income Fund provided a 2.67% dividend yield over the last twelve months, with an annual payout of $0.30 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.30 | $0.28 | $0.25 | $0.29 | $0.32 | $0.29 | $0.30 | $0.39 | $0.35 | $0.48 | $0.40 |
Dividend yield | 2.67% | 2.59% | 2.43% | 2.27% | 2.34% | 2.56% | 2.35% | 2.53% | 3.20% | 2.96% | 3.97% | 3.27% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Arizona 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.02 | $0.03 | $0.03 | $0.00 | $0.10 | |||||||
| 2024 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.30 |
| 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 | $0.28 |
| 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 | $0.25 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.02 | $0.02 | $0.29 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.07 | $0.02 | $0.02 | $0.32 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2018 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2017 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.05 | $0.03 | $0.39 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.35 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.13 | $0.03 | $0.05 | $0.48 |
| 2014 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.40 |
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 Arizona 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 Arizona Municipal Income Fund was 13.52%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Fidelity Arizona Municipal Income Fund drawdown is 3.43%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.52% | Aug 6, 2021 | 310 | Oct 25, 2022 | — | — | — |
| -12.79% | Jan 24, 2008 | 184 | Oct 15, 2008 | 127 | Apr 20, 2009 | 311 |
| -11.49% | Mar 10, 2020 | 9 | Mar 20, 2020 | 98 | Aug 10, 2020 | 107 |
| -7.36% | May 3, 2013 | 87 | Sep 5, 2013 | 160 | Apr 25, 2014 | 247 |
| -6.73% | Oct 13, 2010 | 67 | Jan 18, 2011 | 134 | Jul 29, 2011 | 201 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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