Fidelity Advisor Intermediate Municipal Income Fund: Class I (FZIIX)

FZIIX is a mutual fund offered by Fidelity Advisor that focuses on providing investors with intermediate-term municipal income. This fund is classified as Class I, indicating that it is designed for institutional investors and has a lower expense ratio compared to other classes. FZIIX primarily invests in municipal bonds issued by state and local governments, providing investors with tax-free income. With a focus on intermediate-term bonds, this fund offers a balance between potential for higher yields and lower interest rate risk. Overall, FZIIX is a suitable option for investors seeking tax-exempt income with a moderate level of risk.