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Trending ETFs

Name

As of 10/07/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.04

$189 M

3.47%

$0.35

0.02%

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

$10.0
N/A
N/A

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 10/07/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.04

$189 M

3.47%

$0.35

0.02%

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%
DIVIDENDS
  • Dividend Yield 3.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity Flex Conservative Income Municipal Bond Fund
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Oct 18, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Elizah McLaughlin

Fund Description

Normally investing at least 80% of assets in U.S. dollar-denominated municipal money market securities and high quality investment-grade municipal debt securities whose interest is exempt from federal income tax.Managing the fund to have similar overall interest rate risk to the supplemental index.Normally maintaining a dollar-weighted average maturity of one year or less.Normally investing in securities with a maximum maturity of four years.Allocating assets across different market sectors and maturities.Potentially investing more than 25% of total assets in municipal securities that finance similar types of projects.Analyzing the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments.
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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

  1. ST JAMES PARISH LA REV VAR-NUCSTEEL LA-SER B-1 4.67%
  2. PORT ARTHUR NAV DIST TX ENVIR VAR-REF-MOTIVA ENTERPRISES PJ ***AMT*** 3.11%
  3. LOS ANGELES MFH HOLLYWOOD and VINE APTS 2022-MIZ9089 FRE/MZ D1@ 2.12%
  4. NYC NY 5% 8/1/2027 2.07%
  5. PRT ARTHR TX MTVA10D Q=SELF V7 1.47%
  6. FL INSURANCE 2023 A2 Q=FL V7 1.46%
  7. NYS HFA 42ND and 10TH BC22-007 L=BC/BC DR42@ 1.45%
  8. NY MTA TRANS 2022-XF1355-NUV Q=JPMC BK D7 1.28%
  9. SAN FRANCISCO CA CITY and CNTY MF HSG 2022-MIZ9115 MZ/MZ D35 1.22%
  10. 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

View More +

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