Fidelity SAI Enhanced Municipal Income Fund (FENCX)
10.17
0.00 (0.00%)
USD |
Jan 08 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.15% | 979.17M | -- | -- |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 961.25M | -- | Upgrade | Upgrade |
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:
9
-707.71M
Peer Group Low
325.30M
Peer Group High
1 Year
% Rank:
8
961.25M
-2.613B
Peer Group Low
2.533B
Peer Group High
3 Months
% Rank:
6
-618.93M
Peer Group Low
646.31M
Peer Group High
3 Years
% Rank:
18
-5.900B
Peer Group Low
7.649B
Peer Group High
6 Months
% Rank:
5
-945.73M
Peer Group Low
2.164B
Peer Group High
5 Years
% Rank:
24
-6.006B
Peer Group Low
10.67B
Peer Group High
YTD
% Rank:
--
2.503M
Peer Group Low
2.503M
Peer Group High
10 Years
% Rank:
33
-4.816B
Peer Group Low
14.81B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of January 09, 2026.
Asset Allocation
As of November 30, 2025.
| Type | % Net |
|---|---|
| Cash | 4.04% |
| Stock | 0.00% |
| Bond | 95.98% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | -0.01% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
FIDELITY MUNICIPAL CASH CENTRAL FUND
|
4.04% | -- | -- |
| Vanguard Tax-Exempt Bond Index Fund ETF | 0.72% | 50.56 | 0.10% |
| iShares National Muni Bond ETF | 0.49% | 107.62 | 0.08% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV GA 5.000 06/01/2053 | 0.43% | 105.75 | 0.07% |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV KY 5.250 06/01/2055 | 0.38% | 106.08 | 0.03% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV AL 5.000 10/01/2030 | 0.37% | -- | -- |
| NEW YORK N Y NY 5.250 10/01/2051 | 0.36% | -- | -- |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV GA 5.000 09/01/2053 | 0.36% | 106.08 | 0.08% |
| NEW MEXICO MUN ENERGY ACQUISITION AUTH GAS SUPPLY REV NM 5.000 06/01/2054 | 0.31% | 107.10 | 0.08% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV AL 5.500 06/01/2049 | 0.31% | 106.25 | 0.02% |
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 |
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 (1-8-26) | 0.00% |
| 30-Day SEC Yield (11-30-25) | 3.58% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 2249 |
| Bond | |
| Yield to Maturity (11-30-25) | 3.73% |
| Effective Duration | -- |
| Average Coupon | 4.79% |
| Calculated Average Quality | 2.196 |
| Effective Maturity | 14.18 |
| Nominal Maturity | 17.03 |
| Number of Bond Holdings | 2245 |
As of November 30, 2025
Fund Details
| Key Dates | |
| Inception Date | 3/18/2025 |
| Attributes | |
| Inverse Fund | No |
| Leveraged Fund | -- |
| 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. |