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Trending ETFs

Name

As of 03/27/2024

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

$9.88

$24.3 M

1.83%

$0.18

0.40%

Vitals

YTD Return

0.2%

1 yr return

1.9%

3 Yr Avg Return

-0.4%

5 Yr Avg Return

1.2%

Net Assets

$24.3 M

Holdings in Top 10

25.8%

52 WEEK LOW AND HIGH

$9.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.40%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 6.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

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

$9.88

$24.3 M

1.83%

$0.18

0.40%

FAMYX - Profile

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return -0.4%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.64%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Fidelity Municipal Income 2025 Fund
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    May 31, 2017
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Cormac Cullen

Fund Description

Normally investing at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal income tax (but may be subject to the federal alternative minimum tax).Managing the fund to have similar overall interest rate risk to the supplemental index.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.Liquidating shortly after the fund's target end-date of June 30, 2025.
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FAMYX - Performance

Return Ranking - Trailing

Period FAMYX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -0.8% 6.6% 87.50%
1 Yr 1.9% 0.0% 13.3% 93.23%
3 Yr -0.4%* -6.1% 4.4% 80.32%
5 Yr 1.2%* -4.5% 5.5% 96.48%
10 Yr N/A* 1.6% 5.0% N/A

* Annualized

Return Ranking - Calendar

Period FAMYX Return Category Return Low Category Return High Rank in Category (%)
2023 0.9% -9.8% 12.8% 94.24%
2022 -6.6% -38.3% -3.8% 5.76%
2021 -0.8% -9.1% 10.3% 50.79%
2020 1.9% -13.4% 12.6% 95.83%
2019 5.3% -1.1% 13.9% 90.78%

Total Return Ranking - Trailing

Period FAMYX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -0.8% 6.6% 87.50%
1 Yr 1.9% 0.0% 13.3% 93.23%
3 Yr -0.4%* -6.1% 4.4% 80.32%
5 Yr 1.2%* -4.5% 5.5% 96.48%
10 Yr N/A* 1.6% 5.0% N/A

* Annualized

Total Return Ranking - Calendar

Period FAMYX Return Category Return Low Category Return High Rank in Category (%)
2023 3.0% -9.8% 15.4% 96.34%
2022 -4.9% -16.9% -2.9% 5.76%
2021 0.8% -3.8% 10.3% 80.95%
2020 3.3% -13.4% 16.6% 94.05%
2019 7.5% 4.7% 25.2% 97.87%

NAV & Total Return History


FAMYX - Holdings

Concentration Analysis

FAMYX Category Low Category High FAMYX % Rank
Net Assets 24.3 M 1.16 M 35.3 B 86.46%
Number of Holdings 123 2 1413 18.23%
Net Assets in Top 10 6.29 M 931 K 36.5 B 96.88%
Weighting of Top 10 25.83% 4.6% 101.7% 87.08%

Top 10 Holdings

  1. HI ST 5% 5/1/2025 4.23%
  2. CONNECTICUT S 5% 5/15/2025 @ 3.92%
  3. ATLANTA GA ARPT 5% 7/1/2025 @ 3.36%
  4. ALLGNY CNTY HDA 5% 7/15/2025 2.54%
  5. BROW CO FL ARPT 5% 10/1/2025 @ 2.11%
  6. BLACK BELT ENE 5.25% 6/1/2025 2.10%
  7. PORT SEATTLE 5% 5/1/2025 @ 1.95%
  8. ME ST HLT(UNIV N ENG)4% 7/1/25 1.93%
  9. PA HEFA 5% 5/1/2025 1.87%
  10. LAKELND MED CTR 5% 11/15/2025 1.82%

Asset Allocation

Weighting Return Low Return High FAMYX % Rank
Bonds
98.46% 0.00% 109.30% 14.58%
Cash
1.54% -24.70% 53.61% 48.96%
Stocks
0.00% 0.00% 100.13% 91.15%
Preferred Stocks
0.00% 0.00% 11.70% 85.94%
Other
0.00% -0.07% 5.62% 83.85%
Convertible Bonds
0.00% 0.00% 6.56% 93.75%

Bond Sector Breakdown

Weighting Return Low Return High FAMYX % Rank
Municipal
98.01% 0.00% 99.98% 6.25%
Cash & Equivalents
0.61% 0.00% 80.50% 54.17%
Derivative
0.00% -0.07% 0.78% 80.73%
Securitized
0.00% 0.00% 81.91% 92.19%
Corporate
0.00% 0.00% 99.84% 95.31%
Government
0.00% 0.00% 99.79% 94.79%

Bond Geographic Breakdown

Weighting Return Low Return High FAMYX % Rank
US
98.46% 0.00% 109.30% 14.58%
Non US
0.00% 0.00% 7.58% 85.94%

FAMYX - Expenses

Operational Fees

FAMYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.40% 0.06% 13.37% 63.87%
Management Fee 0.30% 0.00% 0.79% 77.78%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.29% N/A

Sales Fees

FAMYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FAMYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

FAMYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 6.00% 0.00% 121.26% 19.14%

FAMYX - Distributions

Dividend Yield Analysis

FAMYX Category Low Category High FAMYX % Rank
Dividend Yield 1.83% 0.00% 9.68% 86.46%

Dividend Distribution Analysis

FAMYX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Monthly Monthly

Net Income Ratio Analysis

FAMYX Category Low Category High FAMYX % Rank
Net Income Ratio 1.64% -0.06% 5.71% 53.89%

Capital Gain Distribution Analysis

FAMYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

Distributions History

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FAMYX - Fund Manager Analysis

Managers

Cormac Cullen


Start Date

Tenure

Tenure Rank

May 25, 2017

5.02

5.0%

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.

Elizah McLaughlin


Start Date

Tenure

Tenure Rank

Sep 01, 2018

3.75

3.8%

Since joining Fidelity Investments in 1997, Ms. McLaughlin has worked as an analyst and portfolio manager.

Michael Maka


Start Date

Tenure

Tenure Rank

Mar 01, 2020

2.25

2.3%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 17.59 6.51 3.75