FUENX Fidelity Flex Municipal Income Forecast, Technical & Fundamental Analysis

The investment seeks to provide a high current yield exempt from federal income tax. The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal income tax. The advisor manages the fund to have similar overall interest rate risk to the Bloomberg Municipal Bond Index. The fund allocates assets across different market sectors and maturities. It potentially invests more than 25% of total assets in municipal securities that finance similar types of projects.