FSAZX Performance — Fidelity Arizona Municipal Income Fund
Data updated: 2026-07-24
FSAZX returned +1.12% year to date and +6.59% over one year to May 2026. Annualised returns are +3.90% over 3 years and +0.84% over 5 years. The fund beat its Intermediate Municipal Bond category average: $100 invested three years ago grew to $112, against $111 for the category, and to $107 over one year, against $106. Volatility over the past three years was 5.02% a year. In the 12 months to May 2026 the fund took in a net $6.5M, and assets reached $127.26M.
FSAZX Growth of $100
What $100 invested in Fidelity Arizona Municipal Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | FSAZX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $107 | $106 |
| 3 years (Jun 2023 – May 2026) | $112 | $111 |
| 5 years (Jun 2021 – May 2026) | $104 | $104 |
| Since data start (Sep 2019 – May 2026) | $109 | $109 |
FSAZX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.12% |
| 1 year | +6.59% |
| 3 years (annualised) | +3.90% |
| 5 years (annualised) | +0.84% |
FSAZX Annual Returns
Calendar-year total returns of Fidelity Arizona Municipal Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.12% |
| 2025 | +4.06% |
| 2024 | +1.84% |
| 2023 | +6.03% |
| 2022 | −8.71% |
| 2021 | +1.22% |
| 2020 | +4.49% |
| 2019 (Sep–Dec) | −0.22% |
FSAZX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.6% | +1.2% | −2.2% | +1.1% | +0.5% | — | — | — | — | — | — | — |
| 2025 | +0.2% | +1.0% | −1.4% | −0.8% | −0.2% | +0.7% | +0.1% | +0.7% | +2.2% | +1.2% | +0.4% | +0.1% |
| 2024 | −0.3% | 0.0% | +0.1% | −1.0% | 0.0% | +1.7% | +0.8% | +0.7% | +0.9% | −1.3% | +1.6% | −1.3% |
| 2023 | +2.8% | −2.4% | +2.0% | −0.2% | −0.9% | +0.9% | +0.2% | −1.1% | −2.4% | −1.0% | +5.5% | +2.7% |
| 2022 | −2.6% | −0.6% | −2.9% | −2.7% | +0.8% | −1.4% | +2.4% | −2.2% | −3.3% | −0.8% | +4.3% | +0.2% |
| 2021 | +0.3% | −1.6% | +0.6% | +1.0% | +0.4% | +0.2% | +0.7% | −0.3% | −0.8% | −0.2% | +0.8% | 0.0% |
| 2020 | +1.7% | +1.2% | −3.6% | −1.4% | +3.0% | +0.7% | +1.5% | −0.5% | +0.1% | −0.3% | +1.5% | +0.7% |
| 2019 | — | — | — | — | — | — | — | — | −0.8% | +0.2% | +0.1% | +0.3% |
FSAZX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 5.02%
- 3-year Sharpe ratio: -0.12 (vs 4.5% risk-free rate)
- Best month: +5.46% (Nov 2023)
- Worst month: −2.40% (Sep 2023)
FSAZX Fund Flows
Monthly money in and out of Fidelity Arizona Municipal Income Fund, from SEC Form N-PORT.
- 12-month net flow: $6.5M
- 12-month gross sales (incl. reinvestments): $27.0M
- Sales ÷ redemptions: 1.32×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $2.9M | $1.5M | $1.4M |
| Apr 2026 | $1.6M | $2.1M | −$574K |
| Mar 2026 | $3.1M | $865K | $2.3M |
| Feb 2026 | $1.3M | $700K | $621K |
| Jan 2026 | $1.4M | $1.7M | −$241K |
| Dec 2025 | $4.8M | $3.4M | $1.4M |
| Nov 2025 | $1.8M | $1.7M | $136K |
| Oct 2025 | $2.6M | $996K | $1.6M |
| Sep 2025 | $3.3M | $1.2M | $2.0M |
| Aug 2025 | $1.2M | $1.4M | −$199K |
| Jul 2025 | $2.1M | $3.6M | −$1.6M |
| Jun 2025 | $870K | $1.3M | −$408K |
FSAZX Assets Under Management
Net assets of Fidelity Arizona Municipal Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $127.26M |
| 2026-02-28 | $125.98M |
| 2025-11-30 | $122.48M |
| 2025-08-31 | $115.06M |
| 2025-05-31 | $116.43M |
| 2025-02-28 | $120.43M |
| 2024-11-30 | $120.90M |
| 2024-08-31 | $122.02M |
| 2024-05-31 | $117.00M |
| 2024-02-29 | $119.89M |
| 2023-11-30 | $121.07M |
| 2023-08-31 | $129.43M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.