Fidelity Advisor Sh Interm Muni Inc T  FTSHX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Muni National Short Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Avg Duration
   2.80 Yrs
   Avg Credit Quality
   A
As of 2009-09-30
Day Change
$ 0.00
  
NAV (2009-11-20)
$ 10.64
  
YTD Return % (2009-11-20)
5.21%
  
Total Assets ($ mil)
3,258
View Data Definitions
  Performance    
Growth of $10,000 Fund: Fidelity Advisor Sh Interm Muni Inc T
(from 2003-07-23 to 2009-10-31) Category: Muni National Short
Index: BarCap Municipal TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 2003-07-23 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 5.21 5.65 4.24 3.30 --- 2.94
+/- Category 0.41 0.30 1.19 0.67 --- ---
+/- BarCap Municipal TR USD -6.93 -6.02 -0.01 -1.06 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 2.38 4.04 3.43 2.71 --- 2.64
Month-End (as of 2009-10-31) 1.62 3.41 3.06 2.49 --- 2.48
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 3.40 3.06 2.49 --- ---
On Distribution & Sale of Shares --- 3.13 3.02 2.52 --- ---
Morningstar Rating --- --- --- ---
# of compared funds covered (3 yrs : out of 123 funds), (5 yrs : out of 117 funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is 2.75%, the maximum deferred sales fee is none, and the maximum redemption sales fee is 0.50%.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
General Obligations 22.92
Advance Refunded 1.15
State Appropriated Tobacco ---
Non-state Appropriated Tobacco 1.13
Education 7.81
Health 4.42
Housing 0.43
Industrial 1.60
Transportation 4.16
Utilities 2.83
Water/Sewer 6.26
Misc. Revenue 47.28
Bond Quality % of Bonds
AAA 11.5
AA 43.8
A 23.3
BBB 9.0
BB 0.1
B 0.0
Below B 0.0
Not Rated 12.3
 
Asset Allocation
% of Net Assets
Cash 11.3
Stocks 0.0
Bonds 88.7
Other 0.0
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings Turnover % 20
Total Number of Bond Holdings 635 30 Day SEC Yield % 1.39
% of Assets in Top 10 Holdings 9.32 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
New York N Y City Transitional Ref Bds 2028-11-01 44,300 48,476 1.59
New York N Y City Transitional Future 5% 2017-11-01 30,000 35,620 1.17
New York St Dorm Auth 5% 2015-07-01 30,000 33,763 1.11
New Jersey St Transn Tr Fd Aut Ref 5.5% 2010-12-15 25,000 26,283 0.86
Connecticut St Go Bds 5% 2011-12-01 23,100 25,159 0.83
Clark Cnty Nev Sch Dist 5% 2016-06-15 21,215 24,161 0.79
Utah St Go Bds 5% 2016-07-01 20,000 23,640 0.78
New Jersey St Tpk Auth 6% 2011-01-01 21,785 23,120 0.76
Maryland St Cap Impt 5.25% 2012-02-15 20,000 22,048 0.72
New York N Y Go Bds 5% 2012-08-01 19,770 21,675 0.71
Data through 2009-09-30
  Other Information
Fund Inception: 2003-07-23
Portfolio Manager  (Start Date)
Mark Sommer  (2003-07-24)
Sommer is manager of New York Municipal Income Fund, which he has managed since June 2002. He also manages other Fidelity funds. Since joining Fidelity in 1992, Sommer has worked as an analyst and manager.
Sales Charge %
(taken from prospectus dated 2009-02-28)
Front: 2.75
Deferred: None
Expense Ratio % 0.72
based on net assets
(taken from annual report dated 2008-12-31)
Correspondence Information
82 Devonshire Street
Mailzone Zz2
Boston,  MA  02109
United States
Telephone:
877-208-0098
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.