Fidelity Flex Conservative Income Municipal Bond Fund
Name
As of 10/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.1%
1 yr return
4.3%
3 Yr Avg Return
2.3%
5 Yr Avg Return
1.8%
Net Assets
$189 M
Holdings in Top 10
20.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.02%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 44.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FUEMX - Profile
Distributions
- YTD Total Return 3.1%
- 3 Yr Annualized Total Return 2.3%
- 5 Yr Annualized Total Return 1.8%
- Capital Gain Distribution Frequency None
- Net Income Ratio 0.52%
- Dividend Yield 3.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFidelity Flex Conservative Income Municipal Bond Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateOct 18, 2017
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerElizah McLaughlin
Fund Description
FUEMX - Performance
Return Ranking - Trailing
Period | FUEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.1% | -1.9% | 26.5% | 36.89% |
1 Yr | 4.3% | 2.4% | 37.3% | 98.21% |
3 Yr | 2.3%* | -9.9% | 3.4% | 0.68% |
5 Yr | 1.8%* | -6.7% | 1104.9% | 5.17% |
10 Yr | N/A* | -0.8% | 248.9% | N/A |
* Annualized
Return Ranking - Calendar
Period | FUEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.6% | -1.4% | 41.0% | 97.87% |
2022 | -0.7% | -39.7% | 0.3% | 0.88% |
2021 | -0.1% | -5.6% | 6.9% | 33.83% |
2020 | 0.1% | -2.6% | 310.0% | 95.14% |
2019 | 0.5% | 0.0% | 26.0% | 98.14% |
Total Return Ranking - Trailing
Period | FUEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.1% | -1.9% | 26.5% | 36.89% |
1 Yr | 4.3% | 2.4% | 37.3% | 98.21% |
3 Yr | 2.3%* | -9.9% | 3.4% | 0.68% |
5 Yr | 1.8%* | -6.7% | 1104.9% | 5.17% |
10 Yr | N/A* | -0.8% | 248.9% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FUEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.5% | -1.3% | 41.0% | 92.22% |
2022 | 0.3% | -39.7% | 1.1% | 0.61% |
2021 | 0.5% | -4.8% | 23761504.0% | 76.15% |
2020 | 1.5% | -1.5% | 17057.9% | 93.26% |
2019 | 2.7% | 0.2% | 3514.6% | 95.43% |
NAV & Total Return History
FUEMX - Holdings
Concentration Analysis
FUEMX | Category Low | Category High | FUEMX % Rank | |
---|---|---|---|---|
Net Assets | 189 M | 3.22 M | 71.9 B | 72.84% |
Number of Holdings | 361 | 4 | 13418 | 34.77% |
Net Assets in Top 10 | 36 M | -317 M | 3.45 B | 73.72% |
Weighting of Top 10 | 20.01% | 1.9% | 100.1% | 39.38% |
Top 10 Holdings
- ST JAMES PARISH LA REV VAR-NUCSTEEL LA-SER B-1 4.67%
- PORT ARTHUR NAV DIST TX ENVIR VAR-REF-MOTIVA ENTERPRISES PJ ***AMT*** 3.11%
- LOS ANGELES MFH HOLLYWOOD and VINE APTS 2022-MIZ9089 FRE/MZ D1@ 2.12%
- NYC NY 5% 8/1/2027 2.07%
- PRT ARTHR TX MTVA10D Q=SELF V7 1.47%
- FL INSURANCE 2023 A2 Q=FL V7 1.46%
- NYS HFA 42ND and 10TH BC22-007 L=BC/BC DR42@ 1.45%
- NY MTA TRANS 2022-XF1355-NUV Q=JPMC BK D7 1.28%
- SAN FRANCISCO CA CITY and CNTY MF HSG 2022-MIZ9115 MZ/MZ D35 1.22%
- CA STATEWIDE MFH 2023-MIZ9121 G=FHLM/MZ D1@ 1.17%
Asset Allocation
Weighting | Return Low | Return High | FUEMX % Rank | |
---|---|---|---|---|
Bonds | 101.12% | 0.00% | 150.86% | 10.94% |
Cash | 1.02% | -50.86% | 43.45% | 50.30% |
Stocks | 0.00% | 0.00% | 99.89% | 29.31% |
Preferred Stocks | 0.00% | 0.00% | 0.08% | 18.12% |
Other | 0.00% | -3.72% | 51.88% | 28.47% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 16.99% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FUEMX % Rank | |
---|---|---|---|---|
Municipal | 85.38% | 44.39% | 100.00% | 98.00% |
Cash & Equivalents | 1.02% | 0.00% | 43.45% | 26.87% |
Derivative | 0.00% | -3.72% | 51.88% | 25.08% |
Securitized | 0.00% | 0.00% | 5.93% | 18.25% |
Corporate | 0.00% | 0.00% | 9.41% | 31.58% |
Government | 0.00% | 0.00% | 52.02% | 23.32% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FUEMX % Rank | |
---|---|---|---|---|
US | 101.12% | 0.00% | 142.23% | 10.82% |
Non US | 0.00% | 0.00% | 23.89% | 22.76% |
FUEMX - Expenses
Operational Fees
FUEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.02% | 0.01% | 8.02% | 99.93% |
Management Fee | 0.00% | 0.00% | 1.20% | 0.20% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
FUEMX 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
FUEMX 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.
FUEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 44.00% | 0.00% | 283.00% | 90.46% |
FUEMX - Distributions
Dividend Yield Analysis
FUEMX | Category Low | Category High | FUEMX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.47% | 0.00% | 14.51% | 17.11% |
Dividend Distribution Analysis
FUEMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
FUEMX | Category Low | Category High | FUEMX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.52% | -0.53% | 5.33% | 95.77% |
Capital Gain Distribution Analysis
FUEMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | None | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.029 | OrdinaryDividend |
Aug 31, 2024 | $0.030 | OrdinaryDividend |
Jul 31, 2024 | $0.029 | OrdinaryDividend |
Apr 30, 2024 | $0.030 | OrdinaryDividend |
Mar 31, 2024 | $0.029 | OrdinaryDividend |
Feb 29, 2024 | $0.027 | OrdinaryDividend |
Jan 31, 2024 | $0.028 | OrdinaryDividend |
Dec 31, 2023 | $0.030 | OrdinaryDividend |
Nov 29, 2023 | $0.001 | CapitalGainShortTerm |
Oct 31, 2023 | $0.030 | OrdinaryDividend |
Sep 29, 2023 | $0.028 | OrdinaryDividend |
Aug 31, 2023 | $0.029 | OrdinaryDividend |
Jul 31, 2023 | $0.027 | OrdinaryDividend |
Jun 30, 2023 | $0.027 | OrdinaryDividend |
May 31, 2023 | $0.026 | OrdinaryDividend |
Apr 30, 2023 | $0.024 | OrdinaryDividend |
Mar 31, 2023 | $0.025 | OrdinaryDividend |
Feb 28, 2023 | $0.022 | OrdinaryDividend |
Jan 31, 2023 | $0.020 | OrdinaryDividend |
Dec 31, 2022 | $0.022 | OrdinaryDividend |
Nov 30, 2022 | $0.016 | OrdinaryDividend |
Oct 31, 2022 | $0.017 | OrdinaryDividend |
Sep 30, 2022 | $0.013 | OrdinaryDividend |
Aug 31, 2022 | $0.013 | OrdinaryDividend |
Jul 31, 2022 | $0.008 | OrdinaryDividend |
Jun 30, 2022 | $0.008 | OrdinaryDividend |
May 31, 2022 | $0.007 | OrdinaryDividend |
Apr 30, 2022 | $0.005 | OrdinaryDividend |
Mar 31, 2022 | $0.005 | OrdinaryDividend |
Feb 28, 2022 | $0.003 | OrdinaryDividend |
Jan 31, 2022 | $0.003 | OrdinaryDividend |
Dec 31, 2021 | $0.003 | OrdinaryDividend |
Dec 01, 2021 | $0.001 | CapitalGainShortTerm |
Nov 30, 2021 | $0.003 | OrdinaryDividend |
Oct 29, 2021 | $0.003 | OrdinaryDividend |
Sep 30, 2021 | $0.003 | OrdinaryDividend |
Aug 31, 2021 | $0.004 | OrdinaryDividend |
Jul 30, 2021 | $0.004 | OrdinaryDividend |
Jun 30, 2021 | $0.005 | OrdinaryDividend |
May 28, 2021 | $0.005 | OrdinaryDividend |
Apr 30, 2021 | $0.005 | OrdinaryDividend |
Mar 31, 2021 | $0.006 | OrdinaryDividend |
Feb 26, 2021 | $0.005 | OrdinaryDividend |
Jan 29, 2021 | $0.006 | OrdinaryDividend |
Dec 31, 2020 | $0.007 | OrdinaryDividend |
Nov 30, 2020 | $0.007 | OrdinaryDividend |
Oct 30, 2020 | $0.008 | OrdinaryDividend |
Sep 30, 2020 | $0.008 | OrdinaryDividend |
Aug 31, 2020 | $0.009 | OrdinaryDividend |
Jul 31, 2020 | $0.010 | OrdinaryDividend |
Jun 30, 2020 | $0.010 | OrdinaryDividend |
May 29, 2020 | $0.011 | OrdinaryDividend |
Apr 30, 2020 | $0.013 | OrdinaryDividend |
Mar 31, 2020 | $0.020 | OrdinaryDividend |
Feb 28, 2020 | $0.012 | OrdinaryDividend |
Feb 07, 2020 | $0.002 | CapitalGainLongTerm |
Jan 31, 2020 | $0.013 | OrdinaryDividend |
Dec 31, 2019 | $0.014 | OrdinaryDividend |
Dec 02, 2019 | $0.002 | CapitalGainShortTerm |
Dec 02, 2019 | $0.001 | CapitalGainLongTerm |
Nov 29, 2019 | $0.014 | OrdinaryDividend |
Oct 31, 2019 | $0.015 | OrdinaryDividend |
Sep 30, 2019 | $0.015 | OrdinaryDividend |
Aug 30, 2019 | $0.016 | OrdinaryDividend |
Jul 31, 2019 | $0.016 | OrdinaryDividend |
Jun 28, 2019 | $0.017 | OrdinaryDividend |
Nov 27, 2018 | $0.001 | CapitalGainShortTerm |
FUEMX - Fund Manager Analysis
Managers
Elizah McLaughlin
Start Date
Tenure
Tenure Rank
Oct 12, 2017
4.64
4.6%
Since joining Fidelity Investments in 1997, Ms. McLaughlin has worked as an analyst and portfolio manager.
Cormac Cullen
Start Date
Tenure
Tenure Rank
Oct 01, 2021
0.66
0.7%
Mr. Cullen has worked as a research analyst and portfolio manager with Fidelity since 2010. Prior to assuming his current position, from 2007 to 2010, Mr. Cullen supported FIAM’s Fixed Income Division as senior legal counsel.
Michael Maka
Start Date
Tenure
Tenure Rank
Oct 01, 2021
0.66
0.7%
Ryan Brogan
Start Date
Tenure
Tenure Rank
Oct 01, 2021
0.66
0.7%
Ryan Brogan is co-manager of the fund, which he has managed since October 2021. Since joining Fidelity Investments in 2005, Mr. Brogan has worked as a trader and portfolio manager.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.33 | 1.58 |