Seeks to provide high current yield exempt from federal income tax.

National Municipal Bond Yield Past 10 Year Chart Seeks to provide high current yield exempt from federal income tax. Examples include Abbott Laboratories, Merck, and Cardinal Health. The Style Box also forms the basis for the style-based Morningstar Categories and market indexes. Quarter-End returns include all applicable recurring and non-recurring fees including short-term trading or redemption fees and charges, if any. Quarter-end returns include the effect of any applicable recurring and non-recurring fees including short-term trading fees or redemption fees. Seeks as high a level of current income, exempt from federal income tax, as is consistent with preservation of capital. Read more about after-tax returns and Morningstar definitions. Our goal is to keep volatility low relative to the broad stock market.

You can receive a prospectus from Fidelity by mail. For hybrid funds, both equity and fixed-income style boxes appear. Examples include Microsoft, Oracle, and Siebel Systems. We are also making a shift to more staples like Wm Wrigley Jr. Royalty Trust, EnCana Corporation, Electronic Arts Inc. Average annual total returns include changes in share price and reinvestment of dividends and capital gains.