Fidelity Sustainable Itmt Muncpl Inc
FSIKX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Boston, MA 02109 Boston MA United States of America 02210
- IPO Date
- Apr 22, 2022
- CIK
- 0000035315
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Sustainable Intermediate Municipal Income Fund (FSIKX) is a mutual fund managed by Fidelity Investments that seeks a high level of current income that is exempt from federal income tax through investment primarily in investment-grade municipal securities. The fund offers exposure to intermediate-term municipal bonds, including general obligation bonds, revenue bonds, and pre-refunded bonds issued by states, territories, and political subdivisions; it emphasizes sustainable investing by applying environmental, social, and governance (ESG) criteria to security selection, such as bonds supporting clean water infrastructure, renewable energy projects, and affordable housing initiatives. FSIKX provides daily liquidity, professional portfolio management, and tax-advantaged income to individual and institutional investors seeking municipal bond exposure with a focus on sustainability. The fund operates within the municipal bond segment of the fixed-income industry, targeting retail investors, financial advisors, and tax-sensitive clients such as high-net-worth individuals. Geographically, it invests across U.S. states and territories, with a portfolio duration typically between 5 and 10 years to balance yield and interest rate risk. Fidelity Investments, founded in 1946 and headquartered in Boston, Massachusetts, serves as the investment manager, with no direct parent-subsidiary relationships specific to FSIKX beyond Fidelity's broader asset management structure. In recent developments, FSIKX maintained its commitment to ESG integration amid market volatility, with portfolio adjustments in 2024 to enhance yield in response to Federal Reserve rate cuts; the fund also benefited from Fidelity's expanded sustainable investing platform, including new research tools for municipal ESG screening launched in late 2023. No major acquisitions, funding rounds, or name changes have occurred for FSIKX in the last two years, though Fidelity announced strategic enhancements to its municipal bond offerings, such as improved tax-equivalent yield calculators, to support investor education. These updates position FSIKX for continued appeal in a low-rate environment focused on sustainable fixed-income strategies.