Fidelity Flex Municipal Income Fund (FUENX)
9.96
+0.01
(+0.10%)
USD |
Jan 06 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.00% | 1.107B | -- | 10.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 214.85M | 4.71% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide a high current yield exempt from federal income tax. Under normal market and economic conditions, the Fund invests at least 80% of assets in investment-grade municipal securities across different market sectors and maturities, whose interest is exempt from federal income tax. |
| 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:
11
-236.84M
Peer Group Low
686.60M
Peer Group High
1 Year
% Rank:
13
214.85M
-1.568B
Peer Group Low
6.507B
Peer Group High
3 Months
% Rank:
20
-330.09M
Peer Group Low
2.442B
Peer Group High
3 Years
% Rank:
22
-4.735B
Peer Group Low
17.76B
Peer Group High
6 Months
% Rank:
16
-551.98M
Peer Group Low
3.767B
Peer Group High
5 Years
% Rank:
19
-7.473B
Peer Group Low
34.92B
Peer Group High
YTD
% Rank:
--
1.253M
Peer Group Low
1.253M
Peer Group High
10 Years
% Rank:
21
-7.087B
Peer Group Low
45.30B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of January 07, 2026.
Asset Allocation
As of November 30, 2025.
| Type | % Net |
|---|---|
| Cash | 4.34% |
| Stock | 0.00% |
| Bond | 94.91% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.75% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
FIDELITY MUNICIPAL CASH CENTRAL FUND
|
4.34% | -- | -- |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV AL 5.000 10/01/2030 | 1.40% | -- | -- |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV GA 4.000 07/01/2052 | 1.13% | 101.75 | 0.00% |
| CUYAHOGA CNTY OHIO SALES TAX REV OH 4.000 01/01/2035 | 0.78% | -- | -- |
| CHICAGO ILL IL 5.000 01/01/2032 | 0.75% | 104.56 | -0.31% |
|
OTHER ASSETS LESS LIABILITIES
|
0.75% | -- | -- |
| PENNSYLVANIA ST TPK COMMN TPK REV PA 5.000 12/01/2044 | 0.74% | -- | -- |
| YOUNGSTOWN ST UNIV OHIO GEN RCPTS OH 5.000 12/15/2045 | 0.71% | -- | -- |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV AL 5.000 12/01/2055 | 0.66% | -- | -- |
| TENNESSEE ENERGY ACQUISITION CORP GAS REV TN 5.000 12/01/2035 | 0.63% | 107.58 | -0.44% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.00% |
| 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. Under normal market and economic conditions, the Fund invests at least 80% of assets in investment-grade municipal securities across different market sectors and maturities, whose interest is exempt from federal income tax. |
| 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 (1-5-26) | 3.13% |
| 30-Day SEC Yield (12-31-25) | 3.73% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 1177 |
| Bond | |
| Yield to Maturity (11-30-25) | 3.79% |
| Effective Duration | 6.86 |
| Average Coupon | 4.70% |
| Calculated Average Quality | 2.599 |
| Effective Maturity | 13.32 |
| Nominal Maturity | 15.28 |
| Number of Bond Holdings | 1175 |
As of November 30, 2025
Fund Details
| Key Dates | |
| Inception Date | 10/12/2017 |
| 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:FUENX", "name") |
| Broad Asset Class: =YCI("M:FUENX", "broad_asset_class") |
| Broad Category: =YCI("M:FUENX", "broad_category_group") |
| Prospectus Objective: =YCI("M:FUENX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |