Fidelity SAI Municipal Income Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.6%
1 yr return
8.9%
3 Yr Avg Return
-0.4%
5 Yr Avg Return
0.8%
Net Assets
$1.92 B
Holdings in Top 10
13.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.35%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 4.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FSMNX - Profile
Distributions
- YTD Total Return 1.6%
- 3 Yr Annualized Total Return -0.4%
- 5 Yr Annualized Total Return 0.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.87%
- Dividend Yield 3.2%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFidelity SAI Municipal Income Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateOct 02, 2018
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerCormac Cullen
Fund Description
FSMNX - Performance
Return Ranking - Trailing
Period | FSMNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.6% | -5.0% | 26.7% | 55.26% |
1 Yr | 8.9% | 0.7% | 38.1% | 32.76% |
3 Yr | -0.4%* | -10.8% | 3.2% | 36.31% |
5 Yr | 0.8%* | -7.0% | 1102.9% | 38.23% |
10 Yr | N/A* | -0.9% | 248.6% | N/A |
* Annualized
Return Ranking - Calendar
Period | FSMNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.3% | -1.4% | 41.0% | 8.48% |
2022 | -11.9% | -39.7% | 0.3% | 54.03% |
2021 | 0.3% | -5.6% | 6.9% | 20.86% |
2020 | 1.4% | -2.6% | 310.0% | 64.93% |
2019 | 4.9% | 0.0% | 26.0% | 15.42% |
Total Return Ranking - Trailing
Period | FSMNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.6% | -5.0% | 26.7% | 55.26% |
1 Yr | 8.9% | 0.7% | 38.1% | 32.76% |
3 Yr | -0.4%* | -10.8% | 3.2% | 36.31% |
5 Yr | 0.8%* | -7.0% | 1102.9% | 38.23% |
10 Yr | N/A* | -0.9% | 248.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FSMNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.5% | -1.3% | 41.0% | 10.28% |
2022 | -10.0% | -39.7% | 1.1% | 58.77% |
2021 | 2.5% | -4.8% | 23761504.0% | 25.02% |
2020 | 3.5% | -1.5% | 17057.9% | 62.01% |
2019 | 8.8% | 0.2% | 3514.6% | 7.85% |
NAV & Total Return History
FSMNX - Holdings
Concentration Analysis
FSMNX | Category Low | Category High | FSMNX % Rank | |
---|---|---|---|---|
Net Assets | 1.92 B | 3.22 M | 71.9 B | 18.25% |
Number of Holdings | 1862 | 4 | 13418 | 3.86% |
Net Assets in Top 10 | 280 M | -317 M | 3.09 B | 13.65% |
Weighting of Top 10 | 13.34% | 1.8% | 100.3% | 69.22% |
Top 10 Holdings
- Fidelity Municipal Cash Central Fund 4.99%
- NJ TRANSP 5.25% 6/15/2050 1.30%
- MASSACHUSET REV 5% 2/15/2034 1.12%
- MA ST TRANS REV 5% 6/1/52 1.02%
- BLACK BELT ENE(MO) 5.25% 6/1/29MT 53 0.96%
- CHANDLER AZ IDR(INTEL) 5% 9/1/27MT@ 0.88%
- NC TPK TRIANGLE 5% 1/1/2054 0.81%
- MAIN STR NAT GA 4% 07/01/2052 MT 0.80%
- BLACK BELT ENE 5.5% 11/1/2053 MT 0.76%
- MA ST 5% 11/1/2045 0.70%
Asset Allocation
Weighting | Return Low | Return High | FSMNX % Rank | |
---|---|---|---|---|
Bonds | 94.80% | 0.00% | 150.86% | 90.62% |
Cash | 5.20% | -50.86% | 44.62% | 8.06% |
Stocks | 0.00% | 0.00% | 99.78% | 31.74% |
Preferred Stocks | 0.00% | 0.00% | 0.07% | 19.91% |
Other | 0.00% | -3.69% | 51.88% | 31.09% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 19.45% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FSMNX % Rank | |
---|---|---|---|---|
Municipal | 97.58% | 44.39% | 100.00% | 60.23% |
Cash & Equivalents | 4.99% | 0.00% | 44.41% | 7.26% |
Derivative | 0.00% | -3.69% | 51.88% | 28.03% |
Securitized | 0.00% | 0.00% | 5.93% | 21.32% |
Corporate | 0.00% | 0.00% | 9.41% | 33.69% |
Government | 0.00% | 0.00% | 52.02% | 26.34% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FSMNX % Rank | |
---|---|---|---|---|
US | 94.80% | 0.00% | 142.23% | 88.88% |
Non US | 0.00% | 0.00% | 23.89% | 23.97% |
FSMNX - Expenses
Operational Fees
FSMNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.35% | 0.01% | 8.02% | 91.94% |
Management Fee | 0.33% | 0.00% | 1.20% | 21.16% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
FSMNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
FSMNX 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.
FSMNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 4.00% | 0.00% | 283.00% | 2.32% |
FSMNX - Distributions
Dividend Yield Analysis
FSMNX | Category Low | Category High | FSMNX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.15% | 0.00% | 14.51% | 30.54% |
Dividend Distribution Analysis
FSMNX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
FSMNX | Category Low | Category High | FSMNX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.87% | -0.53% | 5.33% | 54.18% |
Capital Gain Distribution Analysis
FSMNX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.026 | OrdinaryDividend |
Aug 31, 2024 | $0.027 | OrdinaryDividend |
Jul 31, 2024 | $0.027 | OrdinaryDividend |
Jun 30, 2024 | $0.026 | OrdinaryDividend |
Apr 30, 2024 | $0.026 | OrdinaryDividend |
Mar 31, 2024 | $0.027 | OrdinaryDividend |
Feb 29, 2024 | $0.025 | OrdinaryDividend |
Jan 31, 2024 | $0.027 | OrdinaryDividend |
Dec 31, 2023 | $0.027 | OrdinaryDividend |
Nov 30, 2023 | $0.026 | OrdinaryDividend |
Oct 31, 2023 | $0.026 | OrdinaryDividend |
Sep 30, 2023 | $0.025 | OrdinaryDividend |
Aug 31, 2023 | $0.026 | OrdinaryDividend |
Jul 31, 2023 | $0.025 | OrdinaryDividend |
Jun 30, 2023 | $0.025 | OrdinaryDividend |
May 31, 2023 | $0.025 | OrdinaryDividend |
Apr 30, 2023 | $0.024 | OrdinaryDividend |
Mar 31, 2023 | $0.024 | OrdinaryDividend |
Feb 28, 2023 | $0.022 | OrdinaryDividend |
Jan 31, 2023 | $0.024 | OrdinaryDividend |
Dec 31, 2022 | $0.024 | OrdinaryDividend |
Nov 30, 2022 | $0.020 | OrdinaryDividend |
Oct 31, 2022 | $0.020 | OrdinaryDividend |
Sep 30, 2022 | $0.018 | OrdinaryDividend |
Aug 31, 2022 | $0.019 | OrdinaryDividend |
Jul 29, 2022 | $0.018 | OrdinaryDividend |
Jun 30, 2022 | $0.018 | OrdinaryDividend |
May 31, 2022 | $0.018 | OrdinaryDividend |
Apr 29, 2022 | $0.017 | OrdinaryDividend |
Mar 31, 2022 | $0.017 | OrdinaryDividend |
Feb 28, 2022 | $0.015 | OrdinaryDividend |
Jan 31, 2022 | $0.017 | OrdinaryDividend |
Dec 31, 2021 | $0.016 | OrdinaryDividend |
Dec 01, 2021 | $0.014 | CapitalGainLongTerm |
Nov 30, 2021 | $0.015 | OrdinaryDividend |
Oct 29, 2021 | $0.016 | OrdinaryDividend |
Sep 30, 2021 | $0.016 | OrdinaryDividend |
Aug 31, 2021 | $0.016 | OrdinaryDividend |
Jul 30, 2021 | $0.017 | OrdinaryDividend |
Jun 30, 2021 | $0.017 | OrdinaryDividend |
May 28, 2021 | $0.018 | OrdinaryDividend |
Apr 30, 2021 | $0.018 | OrdinaryDividend |
Mar 31, 2021 | $0.019 | OrdinaryDividend |
Feb 26, 2021 | $0.018 | OrdinaryDividend |
Jan 29, 2021 | $0.021 | OrdinaryDividend |
Dec 31, 2020 | $0.021 | OrdinaryDividend |
Dec 01, 2020 | $0.027 | CapitalGainLongTerm |
Nov 30, 2020 | $0.021 | OrdinaryDividend |
Oct 30, 2020 | $0.022 | OrdinaryDividend |
Sep 30, 2020 | $0.021 | OrdinaryDividend |
Apr 30, 2020 | $0.023 | OrdinaryDividend |
Mar 31, 2020 | $0.024 | OrdinaryDividend |
Feb 07, 2020 | $0.005 | CapitalGainLongTerm |
Jan 31, 2020 | $0.025 | OrdinaryDividend |
Dec 31, 2019 | $0.025 | OrdinaryDividend |
Dec 02, 2019 | $0.056 | CapitalGainShortTerm |
Dec 02, 2019 | $0.007 | CapitalGainLongTerm |
Nov 29, 2019 | $0.022 | OrdinaryDividend |
Oct 31, 2019 | $0.025 | OrdinaryDividend |
Sep 30, 2019 | $0.024 | OrdinaryDividend |
Aug 30, 2019 | $0.025 | OrdinaryDividend |
Jul 31, 2019 | $0.025 | OrdinaryDividend |
Jun 28, 2019 | $0.025 | OrdinaryDividend |
Feb 08, 2019 | $0.001 | CapitalGainShortTerm |
Nov 27, 2018 | $0.001 | CapitalGainShortTerm |
FSMNX - Fund Manager Analysis
Managers
Cormac Cullen
Start Date
Tenure
Tenure Rank
Oct 02, 2018
3.66
3.7%
Mr. Cullen has worked as a research analyst and portfolio manager with Fidelity since 2010. Prior to assuming his current position, from 2007 to 2010, Mr. Cullen supported FIAM’s Fixed Income Division as senior legal counsel.
Elizah McLaughlin
Start Date
Tenure
Tenure Rank
Oct 02, 2018
3.66
3.7%
Since joining Fidelity Investments in 1997, Ms. McLaughlin has worked as an analyst and portfolio manager.
Michael Maka
Start Date
Tenure
Tenure Rank
Mar 01, 2020
2.25
2.3%
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.35 | 1.58 |