Fidelity Advisor Municipal Income 2023 Fund A FSODX turned up as one of the best-performing mutual funds from the Fidelity family. The fund posted solid gains in the year-to-date (YTD) timeframe. FSODX, whose interest is free of federal income tax, has returned 5% over the last one-year period and has added 4.3% so far this year.
Awards & Recognitions
Fidelity Investments won 21 2019 U.S. Lipper Fund Awards. Lipper awards honor fund management firms as well as individual mutual funds, which significantly outperform its peers on a risk-adjusted basis. Further, such funds or family of funds should provide consistent returns over the last three-, five- and 10-year periods.
The fund house has also been rated as the Best Online Broker in 2019 by Investopedia. Needless to say, the fund family performed exceedingly well in all the parameters. Fidelity’s ability to offer effective research and tools, low-rate investment, and excellent services make it highly sought-after.
What Contributed to Fidelity’s Gains?
Fidelity invests in a variety of Voicemod Pro Crack sectors that are sensitive, cyclical and defensive. From the sensitive sectors, most investments were made in the technology sector. Among the cyclical sectors, the fund family invested the maximum in the financial services sector, while among the defensive sectors it invested heavily in the healthcare.
Technology Select Sector SPDR (XLK) climbed 26% in the YTD period and has remained the best performing sector so far this year among the 11 S&P 500 sectors.