Fidelity SAI Enhanced Municipal Income Fund (FENCX)
9.96
0.00 (0.00%)
USD |
Aug 25 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.15% | 1.543B | -- | -- |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 1.330B | 4.98% |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide a high current yield exempt from federal income tax. The Adviser normally invests the fund's assets in municipal securities whose interest is exempt from federal income tax. The municipal securities in which the fund invests are normally investment-grade (those of medium and high quality). |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal High Yield |
| Peer Group | High Yield Municipal Debt Funds |
| Global Macro | Bond High Yield |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | High Yield Municipal Debt Funds |
| Fund Owner Firm Name | Fidelity Investments |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
24
-335.02M
Peer Group Low
207.31M
Peer Group High
1 Year
% Rank:
5
1.330B
-1.214B
Peer Group Low
2.817B
Peer Group High
3 Months
% Rank:
6
-439.03M
Peer Group Low
582.58M
Peer Group High
3 Years
% Rank:
--
-6.392B
Peer Group Low
6.984B
Peer Group High
6 Months
% Rank:
6
-699.92M
Peer Group Low
1.100B
Peer Group High
5 Years
% Rank:
--
-9.502B
Peer Group Low
9.537B
Peer Group High
YTD
% Rank:
12
-441.25M
Peer Group Low
1.270B
Peer Group High
10 Years
% Rank:
--
-4.722B
Peer Group Low
13.98B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of August 26, 2026.
Asset Allocation
As of June 30, 2026.
| Type | % Net |
|---|---|
| Cash | 5.09% |
| Stock | 0.00% |
| Bond | 94.31% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.60% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
Fidelity Municipal Cash Central Fund
|
5.10% | -- | -- |
| Vanguard Tax-Exempt Bond Index Fund ETF | 3.11% | 49.52 | -0.13% |
| iShares National Muni Bond ETF | 1.74% | 105.46 | -0.11% |
|
Other Assets less Liabilities
|
0.57% | -- | -- |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP V GAS SUPPLY REV TX 5.000 04/01/2036 | 0.34% | 104.30 | 0.00% |
| OHIO ST OH 5.000 09/15/2037 | 0.30% | 112.04 | 0.00% |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV KY 5.000 05/01/2055 | 0.28% | 103.59 | 0.01% |
| TENNESSEE ENERGY ACQUISITION CORP GAS REV TN 5.000 11/01/2034 | 0.28% | 105.45 | 0.00% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV AL 5.000 12/01/2034 | 0.27% | 104.00 | 0.00% |
| ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV AL 5.000 11/01/2035 | 0.27% | 104.37 | 0.00% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.05% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 0.00 None |
| Minimum Subsequent Investment | 0.00 None |
Projected Income
| Type | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of July 31, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks to provide a high current yield exempt from federal income tax. The Adviser normally invests the fund's assets in municipal securities whose interest is exempt from federal income tax. The municipal securities in which the fund invests are normally investment-grade (those of medium and high quality). |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal High Yield |
| Peer Group | High Yield Municipal Debt Funds |
| Global Macro | Bond High Yield |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | High Yield Municipal Debt Funds |
| Fund Owner Firm Name | Fidelity Investments |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (8-25-26) | 3.71% |
| 30-Day SEC Yield (7-31-26) | 3.75% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 2448 |
| Bond | |
| Yield to Maturity (6-30-26) | 3.73% |
| Effective Duration | -- |
| Average Coupon | 4.80% |
| Calculated Average Quality | 2.180 |
| Effective Maturity | 14.81 |
| Nominal Maturity | 17.05 |
| Number of Bond Holdings | 2444 |
As of June 30, 2026
Fund Details
| Key Dates | |
| Inception Date | 3/18/2025 |
| Last Annual Report Date | -- |
| Last Prospectus Date | 8/29/2025 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:FENCX", "name") |
| Broad Asset Class: =YCI("M:FENCX", "broad_asset_class") |
| Broad Category: =YCI("M:FENCX", "broad_category_group") |
| Prospectus Objective: =YCI("M:FENCX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |