FMBAX: Fidelity® Municipal Bond Index Fund - MutualFunds.com

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Fidelity® Municipal Bond Index Fund

FMBAX - Snapshot

Vitals

  • YTD Return 0.9%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $77.1 M
  • Holdings in Top 10 4.2%

52 WEEK LOW AND HIGH

$20.25
$18.40
$20.69

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.07%

SALES FEES

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

BROKERAGE FEES

  • Turnover 76.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Interm

Compare FMBAX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.80

+0.07%

$78.56 B

-

$0.00

2.28%

0.17%

$11.24

0.00%

$32.48 B

-

$0.00

1.44%

0.17%

$13.56

+0.07%

$24.26 B

-

$0.00

1.73%

0.52%

$15.94

0.00%

$20.00 B

-

$0.00

0.57%

0.17%

$116.82

+0.10%

$18.20 B

-

-

2.55%

0.07%

FMBAX - Profile

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.67%
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 Barclays 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 0.9% -6.7% 307.0% 59.71%
1 Yr 1.5% -5.4% 5.8% 79.33%
3 Yr N/A* -0.6% 8.2% N/A
5 Yr N/A* -0.3% 6.9% N/A
10 Yr N/A* -0.1% 8.1% N/A

* Annualized

Return Ranking - Calendar

Period FMBAX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -0.3% 15.4% N/A
2018 N/A -10.3% 97.2% N/A
2017 N/A -100.0% 7.6% N/A
2016 N/A -7.9% 96.8% N/A
2015 N/A -4.8% 3.0% N/A

Total Return Ranking - Trailing

Period FMBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -6.7% 307.0% 59.71%
1 Yr 1.5% -8.3% 5.8% 51.86%
3 Yr N/A* -2.5% 8.2% N/A
5 Yr N/A* -1.5% 6.9% N/A
10 Yr N/A* -0.4% 8.1% N/A

* Annualized

Total Return Ranking - Calendar

Period FMBAX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -0.3% 15.4% N/A
2018 N/A -10.3% 11.0% N/A
2017 N/A -100.0% 7.6% N/A
2016 N/A -7.9% 3.0% N/A
2015 N/A -4.8% 4.0% N/A

NAV & Total Return History


FMBAX - Holdings

Concentration Analysis

FMBAX Category Low Category High FMBAX % Rank
Net Assets 77.1 M 611 K 78.6 B 87.70%
Number of Holdings 1284 1 10083 6.26%
Net Assets in Top 10 3.16 M -199 M 4.54 B 96.51%
Weighting of Top 10 4.23% 2.5% 100.0% 99.04%

Top 10 Holdings

  1. ILLINOIS FIN AUTH REV 5% 0.57%
  2. CALIFORNIA HEALTH FACS FING AUTH REV 5% 0.56%
  3. SAN DIEGO CALIF CMNTY COLLEGE DIST 6% 0.48%
  4. LOUISIANA STAD & EXPOSITION DIST REV 5% 0.41%
  5. LOS ANGELES CNTY CALIF MET TRANSN AUTH SALES TAX REV 4% 0.40%
  6. METROPOLITAN TRANSN AUTH N Y DEDICATED TAX FD 5% 0.38%
  7. COAST CMNTY COLLEGE DIST CALIF 0% 0.37%
  8. HONOLULU HAWAII CITY & CNTY WASTEWTR SYS REV 4% 0.36%
  9. NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% 0.36%
  10. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5% 0.35%

Asset Allocation

Weighting Return Low Return High FMBAX % Rank
Bonds
98.80% 0.00% 147.66% 52.17%
Cash
1.20% -47.66% 100.00% 45.89%
Stocks
0.00% 0.00% 1.80% 82.42%
Preferred Stocks
0.00% -0.98% 1.07% 80.83%
Other
0.00% -1.46% 12.83% 81.45%
Convertible Bonds
0.00% 0.00% 1.64% 81.23%

Bond Sector Breakdown

Weighting Return Low Return High FMBAX % Rank
Municipal
98.80% 0.00% 100.00% 49.66%
Cash & Equivalents
1.20% 0.00% 100.00% 48.37%
Derivative
0.00% 0.00% 2.16% 81.06%
Securitized
0.00% 0.00% 6.06% 81.45%
Corporate
0.00% 0.00% 12.97% 83.60%
Government
0.00% 0.00% 49.72% 82.13%

Bond Geographic Breakdown

Weighting Return Low Return High FMBAX % Rank
US
98.71% 0.00% 141.34% 29.37%
Non US
0.09% 0.00% 27.62% 70.29%

FMBAX - Expenses

Operational Fees

FMBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.07% 0.01% 4.23% 99.77%
Management Fee 0.07% 0.00% 1.10% 1.18%
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 0.50% 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% 2.00% 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 76.00% 0.00% 235.00% 92.96%

FMBAX - Distributions

Dividend Yield Analysis

FMBAX Category Low Category High FMBAX % Rank
Dividend Yield 0.00% 0.00% 3.55% 82.04%

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 1.67% 0.00% 6.48% 84.91%

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

1.31

1.3%

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

Eric Golden


Start Date

Tenure

Tenure Rank

Jul 11, 2019

1.31

1.3%

Since joining Fidelity Investments in 2004, Mr. Golden has worked as a research associate, research analyst, and portfolio manager.

Richard Munclinger


Start Date

Tenure

Tenure Rank

Oct 01, 2020

0.08

0.1%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 35.61 7.62 2.84