Fidelity Advisor Municipal Income 2023 Fund Class I (FSWTX)
The fund normally invests at least 80% of its assets in investment-grade municipal securities whose interest is exempt from federal income tax (but may be subject to the federal alternative minimum tax). It potentially invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund liquidates shortly after the fund's target end-date of June 30, 2023.
Fund Info
US31635V3078
Apr 23, 2013
$0
Expense Ratio
FSWTX features an expense ratio of 0.40%, falling within 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 Advisor Municipal Income 2023 Fund Class I, 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
FSWTX
N/A
N/A
N/A
N/A
N/A
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 FSWTX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.57% | -0.17% | 0.35% | -0.39% | 0.12% | 0.35% | 0.00% | -0.00% | 0.00% | 0.83% | |||
| 2022 | -0.65% | -0.18% | -0.66% | -0.39% | 0.63% | 0.01% | 0.10% | -0.25% | -0.28% | 0.23% | 0.52% | -0.10% | -1.02% |
| 2021 | 0.33% | -0.26% | 0.22% | 0.21% | 0.03% | 0.02% | 0.12% | 0.03% | -0.17% | -0.07% | 0.02% | 0.03% | 0.51% |
| 2020 | 0.85% | 0.44% | -2.22% | -0.42% | 1.94% | 0.64% | 0.74% | 0.16% | 0.15% | -0.13% | 0.34% | 0.25% | 2.71% |
| 2019 | 0.88% | 0.46% | 0.68% | -0.01% | 0.97% | 0.56% | 0.85% | 0.37% | -0.60% | 0.37% | 0.17% | 0.27% | 5.07% |
| 2018 | -0.52% | -0.44% | -0.03% | -0.54% | 1.18% | 0.17% | 0.38% | 0.08% | -0.62% | -0.33% | 0.76% | 0.89% | 0.96% |
| 2017 | 0.78% | 0.77% | 0.29% | 1.07% | 1.46% | -0.50% | 0.95% | 0.94% | -0.90% | -0.03% | -1.11% | 0.66% | 4.42% |
| 2016 | 1.83% | 0.04% | 0.07% | 0.94% | -0.22% | 1.60% | 0.16% | 0.08% | 0.07% | -1.07% | -4.12% | 0.58% | -0.18% |
| 2015 | 2.78% | -1.67% | 0.38% | -0.70% | -0.60% | -0.42% | 0.69% | 0.19% | 0.88% | 0.58% | 0.37% | 0.87% | 3.33% |
| 2014 | 2.34% | 1.44% | -0.10% | 1.96% | 1.32% | -0.21% | 0.20% | 1.51% | -0.31% | 1.09% | 0.09% | 0.50% | 10.23% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Advisor Municipal Income 2023 Fund Class I (FSWTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
| Period | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.15 | $0.15 | $0.20 | $0.22 | $0.21 | $0.21 | $0.22 | $0.22 | $0.23 |
Dividend yield | 1.45% | 1.48% | 1.89% | 2.10% | 2.03% | 2.05% | 2.18% | 2.17% | 2.29% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Municipal Income 2023 Fund Class I. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.03 | $10.09 | $0.00 | $0.00 | $0.00 | $10.19 | ||
| 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 | $0.15 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
| 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 | $0.20 |
| 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 | $0.22 |
| 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 | $0.21 |
| 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 | $0.21 |
| 2016 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 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 | $0.22 |
| 2014 | $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 |
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 Municipal Income 2023 Fund Class I. 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 Municipal Income 2023 Fund Class I was 8.09%, occurring on Sep 5, 2013. Recovery took 157 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8.09% | May 6, 2013 | 86 | Sep 5, 2013 | 157 | Apr 22, 2014 | 243 |
| -7.5% | Mar 10, 2020 | 9 | Mar 20, 2020 | 92 | Jul 31, 2020 | 101 |
| -5.51% | Jul 7, 2016 | 104 | Dec 1, 2016 | 165 | Jul 31, 2017 | 269 |
| -3.55% | Feb 2, 2015 | 90 | Jun 10, 2015 | 129 | Dec 11, 2015 | 219 |
| -3.04% | Sep 12, 2017 | 156 | Apr 25, 2018 | 186 | Jan 22, 2019 | 342 |
Volatility
Volatility Chart
The current Fidelity Advisor Municipal Income 2023 Fund Class I volatility is 0.00%, 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.