Fidelity Limited Term Municipal Income Fund (FSTFX)
The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal income tax. It normally maintains a dollar-weighted average maturity between two and five years. The fund invests more than 25% of total assets in municipal securities that finance similar types of projects.
Fund Info
US3162032078
316203207
Dec 24, 1986
$0
Expense Ratio
FSTFX has an expense ratio of 0.37%, placing it in the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Limited Term 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 Limited Term Municipal Income Fund (FSTFX) returned 0.63% year-to-date (YTD) and 2.93% over the past 12 months. Over the past 10 years, FSTFX returned 1.36% annually, underperforming the S&P 500 benchmark at 10.31%.
FSTFX
0.63%
-0.10%
1.19%
2.93%
1.31%
1.36%
^GSPC (Benchmark)
-4.26%
11.24%
-5.02%
8.55%
14.02%
10.31%
Monthly Returns
The table below presents the monthly returns of FSTFX, 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 | 0.66% | 0.55% | -0.29% | -0.38% | 0.10% | 0.63% | |||||||
| 2024 | 0.13% | 0.15% | -0.29% | -0.17% | -0.13% | 0.68% | 1.02% | 0.77% | 0.73% | -0.68% | 0.48% | -0.22% | 2.51% |
| 2023 | 1.64% | -1.53% | 1.42% | -0.49% | -0.30% | 0.53% | 0.25% | -0.24% | -1.18% | 0.01% | 2.76% | 0.97% | 3.81% |
| 2022 | -1.75% | -0.47% | -1.70% | -1.45% | 1.11% | -0.28% | 1.17% | -1.32% | -1.85% | -0.27% | 2.13% | 0.10% | -4.58% |
| 2021 | 0.40% | -0.62% | 0.21% | 0.39% | 0.02% | 0.10% | 0.38% | -0.17% | -0.37% | -0.09% | 0.09% | 0.01% | 0.33% |
| 2020 | 0.89% | 0.50% | -2.44% | -0.24% | 1.96% | 0.80% | 0.88% | 0.13% | 0.03% | -0.06% | 0.49% | 0.30% | 3.24% |
| 2019 | 0.63% | 0.33% | 0.63% | 0.06% | 0.81% | 0.42% | 0.62% | 0.52% | -0.60% | 0.33% | 0.14% | 0.06% | 4.01% |
| 2018 | -0.15% | -0.17% | -0.10% | -0.21% | 0.62% | 0.10% | 0.47% | 0.05% | -0.34% | -0.24% | 0.63% | 0.63% | 1.28% |
| 2017 | 0.61% | 0.40% | 0.12% | 0.41% | 0.70% | -0.25% | 0.50% | 0.50% | -0.35% | 0.03% | -0.73% | 0.32% | 2.29% |
| 2016 | 0.69% | 0.11% | -0.16% | 0.31% | -0.06% | 0.68% | 0.21% | -0.07% | -0.17% | -0.25% | -1.96% | 0.23% | -0.46% |
| 2015 | 0.89% | -0.49% | -0.05% | -0.15% | -0.32% | 0.04% | 0.31% | 0.03% | 0.41% | 0.32% | -0.07% | 0.03% | 0.94% |
| 2014 | 0.72% | 0.51% | -0.41% | 0.43% | 0.43% | 0.05% | 0.06% | 0.34% | -0.05% | 0.24% | 0.05% | -0.08% | 2.30% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 86, FSTFX is among the top 14% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Limited Term Municipal Income Fund (FSTFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Limited Term Municipal Income Fund provided a 1.92% dividend yield over the last twelve months, with an annual payout of $0.20 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.20 | $0.21 | $0.17 | $0.14 | $0.14 | $0.18 | $0.21 | $0.17 | $0.17 | $0.16 | $0.19 | $0.20 |
Dividend yield | 1.92% | 2.01% | 1.69% | 1.38% | 1.29% | 1.70% | 1.92% | 1.64% | 1.57% | 1.49% | 1.76% | 1.91% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Limited Term 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 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.06 | |||||||
| 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 | $0.21 |
| 2023 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.17 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.14 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.18 |
| 2019 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.04 | $0.21 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.17 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.17 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.19 |
| 2014 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
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 Limited Term 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 Limited Term Municipal Income Fund was 7.38%, occurring on Oct 25, 2022. Recovery took 449 trading sessions.
The current Fidelity Limited Term Municipal Income Fund drawdown is 0.86%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.38% | Aug 6, 2021 | 310 | Oct 25, 2022 | 449 | Aug 1, 2024 | 759 |
| -7.09% | Mar 10, 2020 | 9 | Mar 20, 2020 | 81 | Jul 16, 2020 | 90 |
| -6.85% | Mar 17, 1987 | 157 | Oct 21, 1987 | 66 | Jan 21, 1988 | 223 |
| -3.53% | Feb 3, 1994 | 44 | Apr 5, 1994 | 215 | Jan 31, 1995 | 259 |
| -3.47% | Sep 16, 2008 | 23 | Oct 16, 2008 | 55 | Jan 6, 2009 | 78 |
Volatility
Volatility Chart
The current Fidelity Limited Term Municipal Income Fund volatility is 1.39%, 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.