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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$20.24

$121 M

0.00%

0.07%

Vitals

YTD Return

-0.6%

1 yr return

2.2%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$121 M

Holdings in Top 10

3.3%

52 WEEK LOW AND HIGH

$20.2
$20.01
$20.53

Expenses

OPERATING FEES

Expense Ratio 0.07%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 8.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Muni National Interm


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$20.24

$121 M

0.00%

0.07%

FMBAX - Profile

Distributions

  • YTD Total Return -0.6%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.53%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity® Municipal Bond Index Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Jul 11, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Brandon Bettencourt

Fund Description

The fund normally invests at least 80% of assets in municipal securities whose interest is exempt from federal income tax (but may be subject to the federal alternative minimum tax). It normally invests at least 80% of assets in securities included in the Bloomberg Municipal Bond Index, a market value-weighted index of investment-grade municipal bonds with maturities of one year or more.


FMBAX - Performance

Return Ranking - Trailing

Period FMBAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -88.5% 100.3% 41.91%
1 Yr 2.2% -20.5% 20.4% 60.37%
3 Yr N/A* -6.2% 10.4% N/A
5 Yr N/A* -3.5% 6.8% N/A
10 Yr N/A* -0.2% 8.7% N/A

* Annualized

Return Ranking - Calendar

Period FMBAX Return Category Return Low Category Return High Rank in Category (%)
2020 1.4% -91.1% 310.0% 50.15%
2019 N/A -79.8% 15.4% N/A
2018 N/A -72.6% 97.2% N/A
2017 N/A -100.0% 7.6% N/A
2016 N/A -35.9% 96.8% N/A

Total Return Ranking - Trailing

Period FMBAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -88.5% 100.3% 41.95%
1 Yr 2.2% -24.2% 24.2% 37.80%
3 Yr N/A* -7.0% 11.7% N/A
5 Yr N/A* -4.0% 6.8% N/A
10 Yr N/A* -0.6% 8.7% N/A

* Annualized

Total Return Ranking - Calendar

Period FMBAX Return Category Return Low Category Return High Rank in Category (%)
2020 1.4% -91.1% 310.0% 50.11%
2019 N/A -79.8% 15.4% N/A
2018 N/A -72.6% 11.0% N/A
2017 N/A -100.0% 7.6% N/A
2016 N/A -35.9% 3.0% N/A

NAV & Total Return History


FMBAX - Holdings

Concentration Analysis

FMBAX Category Low Category High FMBAX % Rank
Net Assets 121 M 878 K 87.9 B 82.65%
Number of Holdings 1609 1 12437 3.93%
Net Assets in Top 10 3.91 M -308 M 3.93 B 75.67%
Weighting of Top 10 3.33% 2.3% 100.0% 99.38%

Top 10 Holdings

  1. VIRGINIA ST 3% 0.49%
  2. NEW JERSEY HEALTH CARE FACS FING AUTH 4.25% 0.47%
  3. CALIFORNIA HEALTH FACS FING AUTH REV 5% 0.45%
  4. PORT HOUSTON AUTH TEX HARRIS CNTY 5% 0.42%
  5. METROPOLITAN TRANSN AUTH N Y DEDICATED TAX FD 5% 0.37%
  6. PENNSYLVANIA ST TPK COMMN TPK REV 5% 0.37%
  7. NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% 0.36%
  8. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5% 0.35%
  9. NEW YORK N Y 5% 0.35%
  10. ILLINOIS FIN AUTH REV 5% 0.35%

Asset Allocation

Weighting Return Low Return High FMBAX % Rank
Bonds
97.75% 46.14% 145.79% 71.42%
Cash
2.25% -45.79% 53.86% 28.06%
Stocks
0.00% -1.11% 3.02% 53.89%
Preferred Stocks
0.00% -3.40% 1.04% 50.96%
Other
0.00% -9.70% 30.00% 51.66%
Convertible Bonds
0.00% -0.02% 1.09% 51.82%

Bond Sector Breakdown

Weighting Return Low Return High FMBAX % Rank
Municipal
97.75% 46.14% 100.00% 69.07%
Cash & Equivalents
2.25% 0.00% 53.86% 29.17%
Derivative
0.00% 0.00% 1.12% 51.78%
Securitized
0.00% 0.00% 8.03% 52.36%
Corporate
0.00% 0.00% 11.97% 59.03%
Government
0.00% 0.00% 50.79% 54.65%

Bond Geographic Breakdown

Weighting Return Low Return High FMBAX % Rank
US
97.74% 0.00% 141.11% 48.55%
Non US
0.01% 0.00% 100.00% 59.89%

FMBAX - Expenses

Operational Fees

FMBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.07% 0.04% 4.23% 99.87%
Management Fee 0.07% 0.00% 1.60% 1.28%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

FMBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FMBAX 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.

FMBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 8.00% 0.00% 314.00% 11.95%

FMBAX - Distributions

Dividend Yield Analysis

FMBAX Category Low Category High FMBAX % Rank
Dividend Yield 0.00% 0.00% 35.27% 59.02%

Dividend Distribution Analysis

FMBAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FMBAX Category Low Category High FMBAX % Rank
Net Income Ratio 1.53% -0.53% 24.00% 79.22%

Capital Gain Distribution Analysis

FMBAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

FMBAX - Fund Manager Analysis

Managers

Brandon Bettencourt


Start Date

Tenure

Tenure Rank

Jul 11, 2019

2.22

2.2%

Since joining Fidelity Investments in 2008, Brandon Bettencourt has worked as a research associate, portfolio analyst, and portfolio manager.

Richard Munclinger


Start Date

Tenure

Tenure Rank

Oct 01, 2020

1.0

1.0%

Michael Maka


Start Date

Tenure

Tenure Rank

Mar 01, 2021

0.58

0.6%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 36.52 7.22 0.91