Fidelity Strategic Advisers Municipal Bond Fund (FSMUX)
8.80
-0.01
(-0.11%)
USD |
Sep 19 2025
Key Stats
Customize
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.19% | 12.56B | -- | 35.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 1.062B | 1.47% | 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:
5
-134.32M
Peer Group Low
583.61M
Peer Group High
1 Year
% Rank:
4
1.062B
-1.482B
Peer Group Low
5.637B
Peer Group High
3 Months
% Rank:
2
-668.54M
Peer Group Low
2.822B
Peer Group High
3 Years
% Rank:
7
-5.489B
Peer Group Low
21.56B
Peer Group High
6 Months
% Rank:
2
-1.789B
Peer Group Low
2.791B
Peer Group High
5 Years
% Rank:
2
-7.552B
Peer Group Low
33.59B
Peer Group High
YTD
% Rank:
2
-1.687B
Peer Group Low
3.574B
Peer Group High
10 Years
% Rank:
2
-7.405B
Peer Group Low
42.52B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of September 22, 2025.
Asset Allocation
As of July 31, 2025.
| Type | % Net |
|---|---|
| Cash | 0.91% |
| Stock | 0.00% |
| Bond | 98.89% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.19% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Allspring Municipal Bond Fund Adm | 6.20% | 9.67 | -0.10% |
| Vanguard Long-Term Tax-Exempt Fund Admiral | 5.04% | 10.78 | -0.09% |
| Franklin Federal Tax-Free Income Fund R6 | 4.82% | 10.72 | -0.09% |
| Vanguard Tax-Exempt Bond Index Fund ETF | 2.36% | 50.13 | -0.04% |
| iShares National Muni Bond ETF | 2.34% | 106.48 | 0.01% |
| DWS Managed Municipal Bond Fund S | 2.31% | 7.99 | -0.12% |
| BlackRock National Municipal Fund Investor A | 1.89% | 9.99 | -0.10% |
| Eaton Vance National Municipal Income Fund I | 1.82% | 9.05 | -0.11% |
| Fidelity Instl Government Portfolio Institutional | 1.35% | 1.00 | 0.00% |
| American Funds American High-Inc Muni Bond Fd F2 | 1.16% | 15.25 | 0.00% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.09% |
| 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 (9-19-25) | 3.88% |
| 30-Day SEC Yield (3-31-22) | 1.66% |
| 7-Day SEC Yield | -- |
| Bond | |
| Yield to Maturity (7-31-25) | 4.46% |
| Average Coupon | 4.77% |
| Calculated Average Quality | 2.668 |
| Effective Maturity | 14.23 |
| Nominal Maturity | 19.15 |
As of July 31, 2025
Fund Details
| Key Dates | |
| Inception Date | 6/17/2021 |
| Last Annual Report Date | 5/31/2025 |
| Last Prospectus Date | 7/30/2025 |
| 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. |