Fidelity Strategic Advisers Municipal Bond Fund (FSMUX)
8.59
0.00 (0.00%)
USD |
Jun 17 2025
Key Stats
Customize
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.19% | 11.99B | -- | 48.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -105.54M | 0.28% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide a high current yield exempt from federal income tax. The Adviser 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 with varying maturities. |
| General | |
| Security Type | Mutual Fund |
| 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:
1
-113.85M
Peer Group Low
396.11M
Peer Group High
1 Year
% Rank:
73
-105.54M
-1.431B
Peer Group Low
4.069B
Peer Group High
3 Months
% Rank:
3
-1.181B
Peer Group Low
1.438B
Peer Group High
3 Years
% Rank:
20
-5.999B
Peer Group Low
20.90B
Peer Group High
6 Months
% Rank:
3
-1.380B
Peer Group Low
1.531B
Peer Group High
5 Years
% Rank:
2
-6.881B
Peer Group Low
32.00B
Peer Group High
YTD
% Rank:
3
-1.079B
Peer Group Low
1.492B
Peer Group High
10 Years
% Rank:
2
-7.343B
Peer Group Low
39.70B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of June 18, 2025.
Asset Allocation
As of April 30, 2025.
| Type | % Net |
|---|---|
| Cash | 1.71% |
| Stock | 0.00% |
| Bond | 98.11% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.17% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Vanguard Long-Term Tax-Exempt Fund Admiral | 5.33% | 10.47 | 0.00% |
| Allspring Municipal Bond Fund Adm | 5.25% | 9.47 | 0.00% |
| Franklin Federal Tax-Free Income Fund R6 | 4.47% | 10.44 | 0.00% |
| DWS Managed Municipal Bond Fund S | 2.47% | 7.82 | 0.13% |
| iShares National Muni Bond ETF | 1.99% | 103.96 | -0.10% |
| Fidelity Instl Government Portfolio Institutional | 1.85% | 1.00 | 0.00% |
| BlackRock National Municipal Fund Investor A | 1.46% | 9.80 | 0.00% |
| Eaton Vance National Municipal Income Fund I | 1.37% | 8.83 | 0.00% |
| Vanguard Tax-Exempt Bond Index Fund ETF | 1.30% | 48.81 | -0.08% |
| American Funds American High-Inc Muni Bond Fd F2 | 1.16% | 14.87 | 0.07% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.08% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | -- |
| Available for RRSP | -- |
| 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 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 with varying maturities. |
| General | |
| Security Type | Mutual Fund |
| 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 (6-17-25) | 3.93% |
| 30-Day SEC Yield (3-31-22) | 1.66% |
| 7-Day SEC Yield | -- |
| Bond | |
| Yield to Maturity (4-30-25) | 4.45% |
| Average Coupon | 4.75% |
| Calculated Average Quality | 2.691 |
| Effective Maturity | 18.54 |
| Nominal Maturity | 19.11 |
As of April 30, 2025
Fund Details
| Key Dates | |
| Inception Date | 6/17/2021 |
| Last Annual Report Date | 5/31/2024 |
| Last Prospectus Date | 7/30/2024 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | -- |
| Leveraged Fund | -- |
| Fund of Funds |
|
| Currency Hedged Fund | -- |
| Synthetic Replication 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:FSMUX", "name") |
| Broad Asset Class: =YCI("M:FSMUX", "broad_asset_class") |
| Broad Category: =YCI("M:FSMUX", "broad_category_group") |
| Prospectus Objective: =YCI("M:FSMUX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |