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FTABX Fidelity® Tax-Free Bond

  • Fund
  • FTABX
  • Price as of: Aug 08, 2016
  • $12.00
  • - $0.01
  • - 0.08%
  • Category
  • National Munis

FTABX - Profile

Vitals

  • YTD Return 2.9%
  • 3 Yr Annualized Return 6.8%
  • 5 Yr Annualized Return 5.9%
  • Net Assets $3.56 B
  • Holdings in Top 10 10.0%

52 WEEK LOW AND HIGH

$12.00
$11.52
$12.11

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.46%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 9.00%

TRADING FEES

  • Max Redemption Fee 0.50%

Min Investment

STANDARD (TAXABLE)

$25,000

IRA

$25,000

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Distributions

  • YTD Total Return 2.9%
  • 3 Yr Annualized Total Return 6.8%
  • 5 Yr Annualized Total Return 5.9%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 3.46%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Fidelity® Tax Free Bond Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Apr 10, 2001
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Kevin Ramundo

Fund Description

The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal income tax. It potentially invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund does not invest in municipal securities whose interest is subject to federal income tax or in municipal securities whose interest is subject to the federal alternative minimum tax.

FTABX - Performance

Return Ranking - Trailing

Period FTABX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.9% -2.5% 99.4% 7.32% 1
1 Yr 7.9% -5.8% 13.3% 11.43% 1
3 Yr 6.8% * -4.5% 9.4% 10.75% 1
5 Yr 5.9% * -0.5% 8.0% 13.65% 1
10 Yr 5.3% * -0.3% 5.9% 3.80% 1

* Annualized


Return Ranking - Calendar

Period FTABX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.4% -10.9% 99.6% 37.59% 4
2014 N/A 4.5% 4.5% N/A N/A
2013 N/A -6.5% -6.5% N/A N/A
2012 N/A 1.5% 1.5% N/A N/A
2011 N/A 3.3% 3.3% N/A N/A

Total Return Ranking - Trailing

Period FTABX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.9% -2.5% 99.4% 7.01% 1
1 Yr 7.9% -8.9% 13.3% 6.28% 1
3 Yr 6.8% * -5.4% 9.4% 7.97% 1
5 Yr 5.9% * -0.5% 8.0% 10.89% 1
10 Yr 5.3% * -0.3% 5.9% 2.74% 1

* Annualized


Total Return Ranking - Calendar

Period FTABX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.4% -10.9% 99.6% 37.59% 4
2014 N/A 4.5% 4.5% N/A N/A
2013 N/A -6.5% -6.5% N/A N/A
2012 N/A 1.5% 1.5% N/A N/A
2011 N/A 3.3% 3.3% N/A N/A

NAV & Total Return History

FTABX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

FTABX Category Low Category High FTABX % Rank Quintile
Net Assets 3.56 B 491 K 52.2 B 5.80% 1
Number of Holdings 956 1 5633 3.23% 1
Net Assets in Top 10 343 M -90.5 M 1.34 B 5.32% 1
Weighting of Top 10 10.0% 0.0% 100.0% 23.71% 4

Top 10 Holdings

  1. Fidelity Revere Str Tr 2.93%
  2. South Carolina St Pub Svcs Aut Rev Ob 5% 1.01%
  3. Grand Parkway Transn Corp Tex Toll 5% 0.93%
  4. Grand Parkway Transn Corp Tex Toll 5.25% 0.89%
  5. New York N Y City Mun Wtr Fin Rev 5.375% 0.78%
  6. South Carolina St Pub Svcs Aut Rev Ob 5% 0.77%
  7. Pennsylvania St Go Bds 5% 0.68%
  8. Illinois St Toll Hwy Auth 5% 0.68%
  9. South Carolina St Pub Svcs Aut Santee 5% 0.67%
  10. Miami-Dade Cnty Fla Expwy Auth 5% 0.65%

Asset Allocation

Weighting Category Low Category High FTABX % Rank Quintile
Bonds
95.97% 0.00% 202.21% 14.01% 3
Other
2.93% -2.77% 30.50% 0.81% 1
Cash
1.09% -110.85% 100.00% 26.77% 4
Convertible Bonds
0.00% 0.00% 4.07% 0.65% 4
Preferred Stocks
0.00% 0.00% 11.63% 1.13% 4
Stocks
0.00% 0.00% 1.71% 1.13% 4

Bond Sector Breakdown

Weighting Category Low Category High FTABX % Rank Quintile
Municipal
95.45% 0.00% 146.16% 14.84% 3
Cash & Equivalents
1.09% -110.85% 100.00% 26.94% 4
Government
0.52% -17.17% 117.34% 4.35% 1
Securitized
0.00% 0.00% 30.99% 2.26% 4
Corporate
0.00% 0.00% 33.65% 3.71% 4
Derivative
0.00% -0.52% 5.07% 0.48% 4

Bond Geographic Breakdown

Weighting Category Low Category High FTABX % Rank Quintile
US
95.97% 0.00% 202.21% 14.03% 3
Non US
0.00% 0.00% 24.05% 0.97% 4

FTABX - Expenses

Operational Fees

FTABX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.46% 0.09% 4.60% 22.22% 1
Management Fee 0.36% 0.00% 1.00% 3.70% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.35% N/A N/A

Sales Fees

FTABX Fees (% of AUM) Category Low Category High FTABX Rank Quintile
Front Load N/A 0.50% 5.75% N/A N/A
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

FTABX Fees (% of AUM) Category Low Category High FTABX Rank Quintile
Max Redemption Fee 0.50% 0.25% 2.00% 5.00% 1

Turnover 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.

FTABX Fees (% of AUM) Category Low Category High FTABX Rank Quintile
Turnover 9.00% 0.00% 783.51% 16.10% 1

FTABX - Distributions

Dividend Yield Analysis

FTABX Category Low Category High FTABX % Rank Quintile
Dividend Yield 0.4% 0.00% 2.86% 14.17% 1

Dividend Distribution Analysis

FTABX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FTABX Category Low Category High FTABX % Rank Quintile
Net Income Ratio 3.46% -0.70% 5.26% 9.66% 1

Capital Gain Distribution Analysis

FTABX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Daily Annually

FTABX - Managers

Kevin Ramundo

Lead Manager

Start Date

Jun 30, 2010

Tenure

6.09

Tenure Rank

10.7%

Kevin Ramundo is lead portfolio manager of Fidelity Municipal Income 2017 Fund, Fidelity Municipal Income 2021 Fund, and Fidelity Municipal Income 2023 Fund and co-manager of Fidelity Municipal Income 2015 Fund and Fidelity Municipal Income 2019 Fund, which he has managed (other than Fidelity Municipal Income 2023 Fund) since May 2011. He has managed Fidelity Municipal Income 2023 Fund since April 2013. He also manages other funds. Since joining Fidelity Investments in 2000, Mr. Ramundo has worked as a research analyst and portfolio manager.


Mark Sommer

Manager

Start Date

Jun 30, 2010

Tenure

6.09

Tenure Rank

10.7%

Sommer is manager of Fidelity funds. Since joining Fidelity in 1992, Sommer has worked as an analyst and manager.


Cormac Cullen

Manager

Start Date

May 02, 2016

Tenure

0.25

Tenure Rank

18.1%

Since joining Fidelity Investments in 2007, Mr. Cullen has worked as a research analyst, structured analyst, senior legal counsel, and portfolio manager.


Tenure Analysis

Category Low

0.1

Category High

36.9

Category Average

7.39

Category Mode

1.6