FMBIX: Fidelity® Municipal Bond Index

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FMBIX Fidelity® Municipal Bond Index


Profile

FMBIX - Profile

Vitals

  • YTD Return -0.1%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $60 M
  • Holdings in Top 10 5.9%

52 WEEK LOW AND HIGH

$20.05
$18.40
$20.69

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 -0.1%
  • 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 1.6%
  • 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.


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Categories

Fund Company Quick Screens

FMBIX - Fund Company Quick Screens


Performance

FMBIX - Performance

Return Ranking - Trailing

Period FMBIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -31.7% 956.2% 82.23%
1 Yr N/A -28.3% 969.8% 0.07%
3 Yr N/A* -9.7% 121.3% 0.08%
5 Yr N/A* -8.0% 61.0% 0.05%
10 Yr N/A* -5.0% 3.6% N/A

* Annualized

Return Ranking - Calendar

Period FMBIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.7% 20.3% 0.07%
2018 N/A -24.9% 0.8% 1.94%
2017 N/A -6.0% 17.1% 81.42%
2016 N/A -14.9% 15.0% 40.01%
2015 N/A -18.3% 3.0% 12.79%

Total Return Ranking - Trailing

Period FMBIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -31.7% 956.2% 82.23%
1 Yr N/A -28.3% 969.8% 0.07%
3 Yr N/A* -9.0% 121.3% 0.08%
5 Yr N/A* -7.8% 61.0% 0.05%
10 Yr N/A* -5.0% 6.8% N/A

* Annualized

Total Return Ranking - Calendar

Period FMBIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.7% 20.3% 0.07%
2018 N/A -24.9% 3.1% 7.09%
2017 N/A -6.0% 27.0% 84.58%
2016 N/A -14.8% 15.0% 45.45%
2015 N/A -12.6% 4.2% 20.89%

NAV & Total Return History


Holdings

FMBIX - Holdings

Concentration Analysis

FMBIX Category Low Category High FMBIX % Rank
Net Assets 60 M 622 K 277 B 91.38%
Number of Holdings 956 1 18073 17.52%
Net Assets in Top 10 2.97 M -587 M 21.3 B 96.20%
Weighting of Top 10 5.86% 2.3% 100.0% 97.36%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High FMBIX % Rank
Bonds
99.77% 71.08% 169.81% 18.15%
Cash
0.23% -72.40% 27.48% 78.08%
Stocks
0.00% -0.93% 19.79% 37.98%
Preferred Stocks
0.00% -0.14% 8.39% 41.95%
Other
0.00% -27.60% 28.63% 36.72%
Convertible Bonds
0.00% 0.00% 10.07% 62.20%

Bond Sector Breakdown

Weighting Return Low Return High FMBIX % Rank
Municipal
99.77% 0.00% 100.11% 10.02%
Cash & Equivalents
0.23% -26.49% 41.51% 87.05%
Derivative
0.00% -0.83% 24.19% 39.62%
Securitized
0.00% 0.00% 97.63% 66.63%
Corporate
0.00% 0.00% 99.89% 71.62%
Government
0.00% -2.21% 100.00% 68.73%

Bond Geographic Breakdown

Weighting Return Low Return High FMBIX % Rank
US
99.64% 58.40% 150.78% 9.77%
Non US
0.13% -52.35% 33.81% 80.59%

Expenses

FMBIX - Expenses

Operational Fees

FMBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.01% 34.57% N/A
Management Fee 0.07% 0.00% 1.50% 3.37%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

FMBIX 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

FMBIX 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.

FMBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 496.90% N/A

Distributions

FMBIX - Distributions

Dividend Yield Analysis

FMBIX Category Low Category High FMBIX % Rank
Dividend Yield 1.59% 0.00% 5.95% 0.66%

Dividend Distribution Analysis

FMBIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

FMBIX Category Low Category High FMBIX % Rank
Net Income Ratio N/A -0.81% 6.02% N/A

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FMBIX - Fund Manager Analysis

Managers

Brandon Bettencourt


Start Date

Tenure

Tenure Rank

Jul 11, 2019

0.97

1.0%

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

Jay Small


Start Date

Tenure

Tenure Rank

Jul 11, 2019

0.97

1.0%

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.

Eric Golden


Start Date

Tenure

Tenure Rank

Jul 11, 2019

0.97

1.0%

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

Tenure Analysis

Category Low Category High Category Average Category Mode
0.14 33.6 7.53 0.5