FMBAX: Fidelity® Municipal Bond Index Fund

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

FMBAX Fidelity® Municipal Bond Index Fund


Profile

FMBAX - Profile

Vitals

  • YTD Return 1.3%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $38.9 M
  • Holdings in Top 10 7.5%

52 WEEK LOW AND HIGH

$20.33
$19.93
$20.37

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

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

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 1.3%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
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.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Fund Company Quick Screens

FMBAX - Fund Company Quick Screens


Performance

FMBAX - Performance

Return Ranking - Trailing

Period FMBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -1.4% 6.6% 51.49%
1 Yr N/A -1.4% 86.3% N/A
3 Yr N/A* -2.6% 23.0% N/A
5 Yr N/A* -14.5% 12.5% N/A
10 Yr N/A* -8.5% 6.7% N/A

* Annualized

Return Ranking - Calendar

Period FMBAX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.7% 83.9% N/A
2018 N/A -11.7% 4.6% N/A
2017 N/A -4.4% 8.3% N/A
2016 N/A -58.1% 7.7% N/A
2015 N/A -18.3% 3.0% N/A

Total Return Ranking - Trailing

Period FMBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -1.4% 6.6% 51.49%
1 Yr N/A -1.4% 86.3% N/A
3 Yr N/A* -2.6% 23.0% N/A
5 Yr N/A* -14.5% 12.5% N/A
10 Yr N/A* -8.5% 7.1% N/A

* Annualized

Total Return Ranking - Calendar

Period FMBAX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.7% 83.9% N/A
2018 N/A -11.7% 6.5% N/A
2017 N/A -4.4% 10.4% N/A
2016 N/A -58.1% 10.7% N/A
2015 N/A -14.6% 4.2% N/A

NAV & Total Return History


Holdings

FMBAX - Holdings

Concentration Analysis

FMBAX Category Low Category High FMBAX % Rank
Net Assets 38.9 M 690 K 259 B 94.80%
Number of Holdings 674 1 17590 23.15%
Net Assets in Top 10 2.28 M -216 M 23.5 B 97.74%
Weighting of Top 10 7.49% 2.3% 144.8% 92.97%

Top 10 Holdings

  1. CONNECTICUT ST 5% 1.05%
  2. NEW YORK ST TWY AUTH ST PERS INCOME TAX REV 5% 0.98%
  3. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5% 0.83%
  4. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5% 0.79%
  5. LOS ANGELES CALIF DEPT WTR & PWR REV 5% 0.73%
  6. SILICON VY CLEAN WTR CALIF WASTEWTR REV 3% 0.71%
  7. MASSACHUSETTS ST WTR RES AUTH 5.25% 0.67%
  8. OKLAHOMA ST MUN PWR AUTH PWR SUPPLY SYS REV 5% 0.61%
  9. MICHIGAN ST HOSP FIN AUTH REV 5% 0.60%
  10. BOSTON MASS 5% 0.53%

Asset Allocation

Weighting Return Low Return High FMBAX % Rank
Bonds
99.28% 80.02% 160.64% 27.24%
Cash
0.72% -60.64% 19.63% 67.49%
Stocks
0.00% -0.98% 26.05% 73.98%
Preferred Stocks
0.00% 0.00% 7.43% 76.77%
Other
0.00% -8.60% 31.85% 74.73%
Convertible Bonds
0.00% 0.00% 6.13% 83.80%

Bond Sector Breakdown

Weighting Return Low Return High FMBAX % Rank
Municipal
99.28% 0.00% 100.11% 18.82%
Cash & Equivalents
0.72% -29.57% 21.18% 75.56%
Derivative
0.00% -0.83% 20.88% 75.91%
Securitized
0.00% 0.00% 98.40% 86.31%
Corporate
0.00% 0.00% 99.29% 88.64%
Government
0.00% -2.21% 122.41% 87.81%

Bond Geographic Breakdown

Weighting Return Low Return High FMBAX % Rank
US
99.28% 58.28% 160.64% 15.02%
Non US
0.00% -12.34% 26.76% 95.13%

Expenses

FMBAX - Expenses

Operational Fees

FMBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.01% 4.78% N/A
Management Fee 0.07% 0.00% 1.10% 3.38%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% 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 0.50% 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 N/A 0.00% 1434.00% N/A

Distributions

FMBAX - Distributions

Dividend Yield Analysis

FMBAX Category Low Category High FMBAX % Rank
Dividend Yield 0.00% 0.00% 3.49% 97.24%

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 N/A 0.00% 6.30% N/A

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FMBAX - Fund Manager Analysis

Managers

Brandon Bettencourt


Start Date

Tenure

Tenure Rank

Jul 11, 2019

0.56

0.6%

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

Eric Golden


Start Date

Tenure

Tenure Rank

Jul 11, 2019

0.56

0.6%

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

Jay Small


Start Date

Tenure

Tenure Rank

Jul 11, 2019

0.56

0.6%

Prior to joining Fidelity Investments in 2010 as a corporate bond trader, Mr. Small worked as a corporate bond trader at 40/86 Advisors (formerly known as Conseco Capital Management, Inc.) from 2007 to 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 33.19 7.45 0.08