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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$17.48

$143 M

0.00%

0.07%

Vitals

YTD Return

-14.0%

1 yr return

-7.2%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$143 M

Holdings in Top 10

4.2%

52 WEEK LOW AND HIGH

$17.5
$17.48
$20.33

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

$17.48

$143 M

0.00%

0.07%

FMBAX - Profile

Distributions

  • YTD Total Return -14.0%
  • 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 -14.0% -86.8% 7.5% 59.32%
1 Yr -7.2% -16.3% 15.7% 67.25%
3 Yr N/A* -6.2% 10.3% N/A
5 Yr N/A* -3.5% 5.7% N/A
10 Yr N/A* -0.6% 8.3% N/A

* Annualized

Return Ranking - Calendar

Period FMBAX Return Category Return Low Category Return High Rank in Category (%)
2021 -0.1% -91.1% 101.7% 35.29%
2020 1.4% -79.2% 310.0% 59.74%
2019 N/A -66.1% 15.4% N/A
2018 N/A -57.4% 97.2% N/A
2017 N/A -100.0% 6.8% N/A

Total Return Ranking - Trailing

Period FMBAX Return Category Return Low Category Return High Rank in Category (%)
YTD -14.0% -86.8% 7.5% 59.06%
1 Yr -7.2% -16.3% 23.6% 57.37%
3 Yr N/A* -7.0% 11.5% N/A
5 Yr N/A* -4.0% 5.7% N/A
10 Yr N/A* -0.6% 8.3% N/A

* Annualized

Total Return Ranking - Calendar

Period FMBAX Return Category Return Low Category Return High Rank in Category (%)
2021 -0.1% -91.1% 101.7% 35.37%
2020 1.4% -79.2% 310.0% 59.71%
2019 N/A -66.1% 15.4% N/A
2018 N/A -57.4% 97.2% N/A
2017 N/A -48.8% 7.0% N/A

NAV & Total Return History


FMBAX - Holdings

Concentration Analysis

FMBAX Category Low Category High FMBAX % Rank
Net Assets 143 M 1.23 M 73.9 B 76.69%
Number of Holdings 1787 1 14000 3.87%
Net Assets in Top 10 5.59 M -317 M 8.64 B 76.07%
Weighting of Top 10 4.23% 2.4% 100.0% 98.70%

Top 10 Holdings

  1. Fidelity Municipal Cash Central 0.91%
  2. CHARLESTON S C WTRWKS & SWR REV 5% 0.50%
  3. VIRGINIA ST 3% 0.49%
  4. CALIFORNIA HEALTH FACS FING AUTH REV 5% 0.45%
  5. OHIO ST UNIV GEN RCPTS 4% 0.41%
  6. NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% 0.40%
  7. NEW JERSEY HEALTH CARE FACS FING AUTH 4.25% 0.39%
  8. DENVER COLO CITY & CNTY DEDICATED TAX REV 4% 0.38%
  9. METROPOLITAN TRANSN AUTH N Y DEDICATED TAX FD 5% 0.37%
  10. PENNSYLVANIA ST TPK COMMN TPK REV 5% 0.37%

Asset Allocation

Weighting Return Low Return High FMBAX % Rank
Bonds
97.43% 0.00% 150.86% 73.33%
Cash
2.57% -50.86% 100.00% 25.62%
Stocks
0.00% -0.03% 4.63% 69.02%
Preferred Stocks
0.00% -1.79% 0.04% 67.48%
Other
0.00% -13.03% 30.01% 67.17%
Convertible Bonds
0.00% 0.00% 0.93% 68.06%

Bond Sector Breakdown

Weighting Return Low Return High FMBAX % Rank
Municipal
97.43% 0.00% 100.00% 71.80%
Cash & Equivalents
2.57% 0.00% 100.00% 26.60%
Derivative
0.00% 0.00% 21.68% 66.99%
Securitized
0.00% 0.00% 5.93% 67.75%
Corporate
0.00% 0.00% 9.99% 73.49%
Government
0.00% 0.00% 52.02% 69.84%

Bond Geographic Breakdown

Weighting Return Low Return High FMBAX % Rank
US
97.42% 0.00% 142.23% 50.93%
Non US
0.01% 0.00% 62.14% 62.63%

FMBAX - Expenses

Operational Fees

FMBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.07% 0.02% 3.60% 99.87%
Management Fee 0.07% 0.00% 1.10% 1.41%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

FMBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 4.90% 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% 283.00% 15.06%

FMBAX - Distributions

Dividend Yield Analysis

FMBAX Category Low Category High FMBAX % Rank
Dividend Yield 0.00% 0.00% 35.27% 98.13%

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% 69.99%

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

2.89

2.9%

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

1.66

1.7%

Richard Munclinger is a portfolio manager in the Fixed Income division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals. In this role, Mr. Munclinger is responsible for managing all of Fidelity's fixed income index funds, as well as the inflation-protected debt sub-portfolio of Fidelity and Fidelity Advisor Strategic Real Return Funds. Prior to assuming his current position, Mr. Munclinger was a quantitative analyst working with the Core/Core Plus/Tactical Bond investment team on asset allocation and risk management. Prior to joining Fidelity in August 2016, Mr. Munclinger worked as a senior quantitative an analyst at State Street Global Advisors (SSgA). Previously, he was a model validation manager at Freddie Mac and an economist at International Monetary Fund. He has been in the financial industry since 2014. Mr. Munclinger earned his bachelor of science degree in finance from the University of Cape Town. Additionally, he earned his master of science degree, as well as his PhD, in finance from George Washington University. He is also a CFA® charterholder.

Michael Maka


Start Date

Tenure

Tenure Rank

Mar 01, 2021

1.25

1.3%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.22 1.58