Fidelity SAI Municipal Income Fund (FSMNX)
9.76
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) |
|---|---|---|---|
| 0.35% | 3.616B | -- | 16.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 800.49M | 4.77% |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide a high current yield exempt from federal income tax. The Fund normally invests at least 80% of 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 (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 |
| Peer Group | General & Insured Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | General & Insured 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:
5
-70.72M
Peer Group Low
698.62M
Peer Group High
1 Year
% Rank:
18
800.49M
-718.23M
Peer Group Low
7.550B
Peer Group High
3 Months
% Rank:
20
-142.63M
Peer Group Low
3.547B
Peer Group High
3 Years
% Rank:
11
-4.737B
Peer Group Low
18.17B
Peer Group High
6 Months
% Rank:
17
-296.30M
Peer Group Low
3.269B
Peer Group High
5 Years
% Rank:
12
-8.513B
Peer Group Low
35.43B
Peer Group High
YTD
% Rank:
20
-444.31M
Peer Group Low
4.025B
Peer Group High
10 Years
% Rank:
--
-7.595B
Peer Group Low
49.04B
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 | 3.87% |
| Stock | 0.00% |
| Bond | 96.75% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | -0.63% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
Fidelity Municipal Cash Central Fund
|
3.87% | -- | -- |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV CA 5.250 05/01/2041 | 1.24% | 107.82 | 0.10% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV AL 5.000 10/01/2030 | 1.19% | 106.22 | -0.00% |
| METROPOLITAN NASHVILLE ARPT AUTH TENN ARPT REV TN 5.250 07/01/2051 | 1.01% | 102.99 | 0.00% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV AL 5.000 12/01/2034 | 0.90% | 104.00 | -0.17% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV AL 5.000 10/01/2033 | 0.84% | 105.39 | 0.00% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV AL 5.000 11/01/2036 | 0.79% | 103.92 | 0.00% |
| NEW JERSEY ST TRANSN TR FD AUTH NJ 5.250 06/15/2050 | 0.73% | 103.99 | 0.04% |
| METROPOLITAN TRANSN AUTH N Y REV NY 5.000 11/15/2033 | 0.72% | 111.03 | -0.00% |
| MAIN STR ENERGY INC GA ENERGY PROJ REV GA 5.000 10/01/2033 | 0.68% | 105.64 | 0.11% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.33% |
| 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 | No |
| 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 Fund normally invests at least 80% of 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 (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 |
| Peer Group | General & Insured Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | General & Insured 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) | 3.46% |
| 30-Day SEC Yield (7-31-26) | 3.59% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 1780 |
| Bond | |
| Yield to Maturity (6-30-26) | 3.79% |
| Effective Duration | 7.30 |
| Average Coupon | 4.84% |
| Calculated Average Quality | 2.524 |
| Effective Maturity | 14.38 |
| Nominal Maturity | 15.83 |
| Number of Bond Holdings | 1778 |
As of June 30, 2026
Fund Details
| Key Dates | |
| Inception Date | 10/2/2018 |
| Last Annual Report Date | 12/31/2025 |
| Last Prospectus Date | 2/28/2026 |
| 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:FSMNX", "name") |
| Broad Asset Class: =YCI("M:FSMNX", "broad_asset_class") |
| Broad Category: =YCI("M:FSMNX", "broad_category_group") |
| Prospectus Objective: =YCI("M:FSMNX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |