Fidelity Advisor Municipal Income I (FROGX)

Fund Assets	5.17B
Expense Ratio	0.50%
Min. Investment	$0.00
Turnover	20.00%
Dividend (ttm)	0.38
Dividend Yield	3.32%
Dividend Growth	6.46%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	11.49
YTD Return	-4.53%
1-Year Return	-3.00%
5-Year Return	-1.95%
52-Week Low	11.44
52-Week High	12.54
Beta (5Y)	0.06
Holdings	1362
Inception Date	Mar 1, 2018

About FROGX

Fidelity Advisor Municipal Income Fund Class I is an actively managed mutual fund focused on the U.S. municipal bond market. Its primary objective is to deliver a high level of current income that is generally exempt from federal income tax, achieved by investing predominantly in investment‑grade general obligation and revenue-backed municipal securities across the yield curve. The strategy emphasizes fundamental credit research, disciplined yield‑curve positioning, and careful evaluation of each bond’s structural features, while targeting interest‑rate sensitivity close to its benchmark to avoid macro rate bets. The fund employs a total‑return approach that balances tax‑exempt income generation with capital preservation, supported by a dedicated municipal research team. It distributes income monthly and typically maintains broad diversification across sectors such as transportation, healthcare, education, and tobacco settlement bonds within the national muni market. With an expense ratio around the institutional share class level and a low minimum, it is positioned for tax‑sensitive investors seeking diversified municipal exposure through a research-driven process.

• Fund Family: Fidelity
• Category: Muni National Long
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FROGX
• Share Class: Class I
• Index: Bloomberg Municipal Bond TR

Performance

FROGX had a total return of -3.00% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.75%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VWLTX	Vanguard	Vanguard Long-Term Tax-Exempt Fund	0.17%
VWAHX	Vanguard	Vanguard High-Yield Tax-Exempt Fund	0.17%
SWHYX	Schwab	Schwab Opportunistic Municipal Bond	0.50%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FIWEX	Fidelity Advisor Municipal Income Fund: Class Z	0.40%
FHUGX	Fidelity Advisor Municipal Income Fund: Class A	0.75%
FLUVX	Fidelity Advisor Municipal Income Fund: Class M	0.75%
FKISX	Fidelity Advisor Municipal Income Fund: Class C	1.50%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03302	Oct 1, 2026
Aug 31, 2026	$0.03379	Sep 1, 2026
Jul 31, 2026	$0.03352	Aug 3, 2026
Jun 30, 2026	$0.03099	Jul 1, 2026
May 31, 2026	$0.03198	Jun 1, 2026
Apr 30, 2026	$0.03163	May 1, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 9, 2026

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