FZIIX Fees and Costs — Fidelity Intermediate Municipal Income Fund, Class I
Data updated: 2026-08-24
The net expense ratio is 0.44%: a 0.26% management fee plus 0.19% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 19%.
FZIIX Fees and Expenses
Annual operating expenses and sales charges of FZIIX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.26% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.45% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.44% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FZIIX Costs Over Time
On $10,000 invested in FZIIX, assuming 5% a year before costs, total costs come to $278 over 5 years, cutting the return by 0.46% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.44%) | $46 | $145 | $253 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $46 | $152 | $278 |
| Value after costs | $10,454 | $11,424 | $12,484 |
| Impact on return, per year | 0.46% | 0.46% | 0.46% |
FZIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $4.5B
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
FZIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $752.7M | 19.07% |
| MORGAN STANLEY | $672.5M | 17.03% |
| GOLDMAN SACHS GROUP INC (THE) | $610.0M | 15.45% |
| BANK OF AMERICA CORPORATION | $546.9M | 13.85% |
| ROYAL BANK OF CANADA | $432.8M | 10.96% |
| JEFFERIES FINANCIAL GROUP INC | $391.0M | 9.90% |
| WELLS FARGO and CO | $209.3M | 5.30% |
| BARCLAYS PLC | $139.1M | 3.52% |
| SHANK WILLIAMS CISNEROS LLC | $131.7M | 3.34% |
| PIPER SANDLER COS | $61.8M | 1.57% |
Fidelity Intermediate Municipal Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIMU | C000276224 | 0.30% | — |
| FIQZX | Class Z | 0.31% | none |
| FLTMX | Fidelity Intermediate Municipal Income Fund | 0.37% | — |
| FZIIX | Class I | 0.44% | none |
| FZITX | Class M | 0.65% | 4.00% |
| FZIAX | Class A | 0.68% | 4.00% |
| FZICX | Class C | 1.42% | none |
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.