Fidelity Municipal Income Fund Quote
| FMIFX Fund | USD 22.18 0.13 0.59% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Fidelity Municipal is trading at 22.18 as of the 29th of November 2024; that is 0.59 percent increase since the beginning of the trading day. The fund's open price was 22.05. Fidelity Municipal has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Fidelity Municipal Income are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of January 2023 and ending today, the 29th of November 2024. Click here to learn more.
The fund invests mainly in a limited number of large capitalization value stocks of foreign companies . It normally invests at least 65 percent of its total assets in the equity securities of non-U.S. companies. The fund may invest in ADRs through both sponsored and unsponsored arrangements.. More on Fidelity Municipal Income
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Fidelity Mutual Fund Highlights
| Fund Concentration | FMI Funds, Large Blend Funds, Foreign Large Blend Funds, Foreign Large Blend, FMI Funds, Large Blend, Foreign Large Blend (View all Sectors) |
| Update Date | 30th of September 2024 |
| Expense Ratio Date | 31st of January 2023 |
| Fiscal Year End | September |
Fidelity Municipal Income [FMIFX] is traded in USA and was established 29th of November 2024. Fidelity Municipal is listed under FMI Funds category by Fama And French industry classification. The fund is listed under Foreign Large Blend category and is part of FMI Funds family. This fund currently has accumulated 70.16 M in assets under management (AUM) with minimum initial investment of 100 K. Fidelity Municipal Income is currently producing year-to-date (YTD) return of 4.76% with the current yeild of 0.01%, while the total return for the last 3 years was 2.42%.
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Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Fidelity Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Fidelity Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Fidelity Municipal Income Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Fidelity Municipal Income Mutual Fund Constituents
| BKNG | Booking Holdings | Stock | Consumer Discretionary | |
| CB | Chubb | Stock | Financials | |
| FERG | Ferguson Plc | Stock | Industrials |
Fidelity Municipal Income Risk Profiles
| Mean Deviation | 0.6134 | |||
| Standard Deviation | 0.7547 | |||
| Variance | 0.5695 | |||
| Risk Adjusted Performance | (0.06) |
Fidelity Municipal Against Markets
Other Information on Investing in Fidelity Mutual Fund
Fidelity Municipal financial ratios help investors to determine whether Fidelity Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fidelity with respect to the benefits of owning Fidelity Municipal security.
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