Strategic Advisers Municipal Bond Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.7%
1 yr return
3.1%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$12.2 B
Holdings in Top 10
28.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.50%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FSMUX - Profile
Distributions
- YTD Total Return -0.7%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 3.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameStrategic Advisers Municipal Bond Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateJun 25, 2021
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChristopher Heavey
Fund Description
FSMUX - Performance
Return Ranking - Trailing
Period | FSMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.7% | -4.7% | 11.1% | 35.89% |
1 Yr | 3.1% | -3.8% | 33.8% | 17.53% |
3 Yr | N/A* | -11.3% | 2.6% | N/A |
5 Yr | N/A* | -6.1% | 1102.0% | N/A |
10 Yr | N/A* | -0.5% | 248.1% | N/A |
* Annualized
Return Ranking - Calendar
Period | FSMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.0% | -1.4% | 41.0% | 40.66% |
2022 | -12.8% | -39.7% | 0.3% | 67.48% |
2021 | N/A | -5.6% | 6.9% | N/A |
2020 | N/A | -2.6% | 310.0% | N/A |
2019 | N/A | 0.0% | 26.0% | N/A |
Total Return Ranking - Trailing
Period | FSMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.7% | -4.7% | 11.1% | 35.89% |
1 Yr | 3.1% | -3.8% | 33.8% | 17.53% |
3 Yr | N/A* | -11.3% | 2.6% | N/A |
5 Yr | N/A* | -6.1% | 1102.0% | N/A |
10 Yr | N/A* | -0.5% | 248.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FSMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.7% | -1.3% | 41.0% | 23.55% |
2022 | -10.4% | -39.7% | 1.1% | 65.44% |
2021 | N/A | -4.8% | 23761504.0% | N/A |
2020 | N/A | -1.5% | 17057.9% | N/A |
2019 | N/A | 0.2% | 3514.6% | N/A |
NAV & Total Return History
FSMUX - Holdings
Concentration Analysis
FSMUX | Category Low | Category High | FSMUX % Rank | |
---|---|---|---|---|
Net Assets | 12.2 B | 3.22 M | 71.9 B | 1.75% |
Number of Holdings | 7597 | 2 | 13067 | 0.32% |
Net Assets in Top 10 | 3.4 B | -317 M | 3.4 B | 0.06% |
Weighting of Top 10 | 28.40% | 1.9% | 100.4% | 14.25% |
Top 10 Holdings
- Vanguard Long-Term Tax-Exempt Adm 5.09%
- Franklin Federal Tax Free Income R6 4.31%
- iShares National Muni Bond ETF 4.24%
- Allspring Municipal Bond Admin 3.94%
- VANGUARD TAX-EXEMPT BOND INDEX FUND ETF 2.95%
- FIMM MM Government Portfolio - Instl Cl 2.48%
- DWS Managed Municipal Bond S 2.42%
- BlackRock National Municipal Inv A 1.46%
- American High-Income Municipal Bond F-2 0.79%
- T. Rowe Price Tax-Free High Yield 0.72%
Asset Allocation
Weighting | Return Low | Return High | FSMUX % Rank | |
---|---|---|---|---|
Bonds | 69.17% | 0.00% | 150.86% | 98.77% |
Stocks | 30.06% | 0.00% | 99.81% | 0.71% |
Cash | 0.76% | -50.86% | 50.09% | 70.81% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 13.33% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 13.32% |
Other | 0.00% | -3.18% | 33.35% | 93.92% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FSMUX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 0.00% | 16.67% |
Technology | 0.00% | 0.00% | 0.00% | 16.67% |
Real Estate | 0.00% | 0.00% | 0.00% | 16.67% |
Industrials | 0.00% | 0.00% | 100.00% | 83.33% |
Healthcare | 0.00% | 0.00% | 0.00% | 16.67% |
Financial Services | 0.00% | 0.00% | 0.00% | 16.67% |
Energy | 0.00% | 0.00% | 0.00% | 16.67% |
Communication Services | 0.00% | 0.00% | 100.00% | 16.67% |
Consumer Defense | 0.00% | 0.00% | 0.00% | 16.67% |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | 25.00% |
Basic Materials | 0.00% | 0.00% | 0.00% | 8.33% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FSMUX % Rank | |
---|---|---|---|---|
US | 30.06% | 0.00% | 99.81% | 0.71% |
Non US | 0.00% | 0.00% | 10.75% | 13.14% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FSMUX % Rank | |
---|---|---|---|---|
Municipal | 93.35% | 44.39% | 100.00% | 87.46% |
Cash & Equivalents | 0.20% | 0.00% | 48.02% | 46.80% |
Corporate | 0.07% | 0.00% | 9.41% | 15.07% |
Securitized | 0.00% | 0.00% | 5.93% | 15.14% |
Government | 0.00% | 0.00% | 52.02% | 20.73% |
Derivative | 0.00% | -3.18% | 23.38% | 93.46% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FSMUX % Rank | |
---|---|---|---|---|
US | 69.17% | 0.00% | 142.23% | 98.77% |
Non US | 0.00% | 0.00% | 23.89% | 22.46% |
FSMUX - Expenses
Operational Fees
FSMUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.50% | 0.01% | 20.65% | 82.44% |
Management Fee | 0.32% | 0.00% | 1.20% | 18.95% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
FSMUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
FSMUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
FSMUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 283.00% | N/A |
FSMUX - Distributions
Dividend Yield Analysis
FSMUX | Category Low | Category High | FSMUX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.82% | 0.00% | 14.56% | 8.34% |
Dividend Distribution Analysis
FSMUX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
FSMUX | Category Low | Category High | FSMUX % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -0.53% | 5.33% | N/A |
Capital Gain Distribution Analysis
FSMUX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 01, 2024 | $0.028 | OrdinaryDividend |
Mar 01, 2024 | $0.026 | OrdinaryDividend |
Feb 01, 2024 | $0.026 | OrdinaryDividend |
Jan 01, 2024 | $0.029 | OrdinaryDividend |
Dec 01, 2023 | $0.027 | OrdinaryDividend |
Nov 01, 2023 | $0.027 | OrdinaryDividend |
Oct 01, 2023 | $0.026 | OrdinaryDividend |
Sep 01, 2023 | $0.026 | OrdinaryDividend |
Aug 01, 2023 | $0.026 | OrdinaryDividend |
Jul 01, 2023 | $0.025 | OrdinaryDividend |
Jun 01, 2023 | $0.026 | OrdinaryDividend |
May 01, 2023 | $0.025 | OrdinaryDividend |
Apr 01, 2023 | $0.026 | OrdinaryDividend |
Mar 01, 2023 | $0.023 | OrdinaryDividend |
Feb 01, 2023 | $0.024 | OrdinaryDividend |
Jan 01, 2023 | $0.025 | OrdinaryDividend |
Dec 01, 2022 | $0.024 | OrdinaryDividend |
Nov 01, 2022 | $0.024 | OrdinaryDividend |
Oct 03, 2022 | $0.023 | OrdinaryDividend |
Sep 01, 2022 | $0.023 | OrdinaryDividend |
Aug 01, 2022 | $0.024 | OrdinaryDividend |
Jul 01, 2022 | $0.020 | OrdinaryDividend |
Jun 01, 2022 | $0.020 | OrdinaryDividend |
May 02, 2022 | $0.018 | OrdinaryDividend |
Apr 01, 2022 | $0.018 | OrdinaryDividend |
Mar 01, 2022 | $0.016 | OrdinaryDividend |
Feb 01, 2022 | $0.017 | OrdinaryDividend |
Jan 01, 2022 | $0.016 | OrdinaryDividend |
Dec 01, 2021 | $0.016 | OrdinaryDividend |
Nov 01, 2021 | $0.017 | OrdinaryDividend |
Oct 01, 2021 | $0.015 | OrdinaryDividend |
Sep 01, 2021 | $0.015 | OrdinaryDividend |
Aug 02, 2021 | $0.015 | OrdinaryDividend |
Jul 01, 2021 | $0.004 | OrdinaryDividend |
FSMUX - Fund Manager Analysis
Managers
Christopher Heavey
Start Date
Tenure
Tenure Rank
Jun 17, 2021
0.95
1.0%
Christopher Heavey is portfolio manager. Since joining Fidelity Investments in 1998, Mr. Heavey has worked as a senior research analyst and portfolio manager.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.37 | 1.58 |