Fidelity Advisor Interm Muni Inc Z
FIQZX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Oct 4, 2018
- CIK
- 0000215829
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Advisor Intermediate Municipal Income Fund - Class Z (FIQZX) is an open-end mutual fund managed by Fidelity Investments that seeks a high level of current income exempt from federal income tax while preserving capital. The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal income tax; allocates across various market sectors and maturities, with more than 25% of assets in municipal securities financing similar project types; and maintains a dollar-weighted average maturity of three to 10 years. Core holdings include Fidelity Municipal Cash Central and revenue bonds such as those from Southeast Energy Authority Coop District (Alabama), Main Street Natural Gas Inc (Georgia), and Kentucky Public Energy Authority, comprising approximately 5% of assets across 3,182 positions. It operates within the municipal national intermediate category, targeting tax-exempt income for investors, with assets under management of $13.16 billion, an expense ratio of 0.31%, monthly dividend distributions yielding 2.84%, and a portfolio turnover of 19%. Launched on October 4, 2018, the Class Z shares are available to eligible institutional investors through Fidelity Investments, headquartered at 245 Summer Street, Boston, Massachusetts. Fidelity Investments, the fund family sponsor founded in 1946 as Fidelity Management & Research, provides complementary share classes including Class I (FZIIX), Class M (FZITX), Class A (FZIAX), and Class C (FZICX). The fund has delivered a 1-year total return of 1.21%, 5-year annualized return of 3.25%, and inception-to-date average annual return of 2.14%, benchmarked against the Bloomberg Municipal Bond TR Index. Recent developments include ongoing monthly dividend payments with growth of 7.84%, the latest ex-dividend on July 31, 2025, at $0.02507 per share; sustained asset growth to $13.16 billion as of August 2025 amid stable performance in the muni intermediate sector; and manager continuity under Fidelity's fixed-income team led by professionals such as Cormac Cullen, Elizah McLaughlin, and Michael Maka. No major acquisitions, partnerships, or strategic shifts specific to this fund were reported in 2024 or 2025, reflecting its focus on consistent tax-exempt municipal bond strategies within Fidelity's broader lineup.