Strategic Advisers Municipal Bond Fund
Name
As of 11/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.3%
1 yr return
8.0%
3 Yr Avg Return
-0.2%
5 Yr Avg Return
N/A
Net Assets
$12.2 B
Holdings in Top 10
25.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.44%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FSMUX - Profile
Distributions
- YTD Total Return 3.3%
- 3 Yr Annualized Total Return -0.2%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 3.9%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameStrategic Advisers Municipal Bond Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateJun 25, 2021
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChristopher Heavey
Fund Description
FSMUX - Performance
Return Ranking - Trailing
Period | FSMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.3% | -4.6% | 33.0% | 13.86% |
1 Yr | 8.0% | -0.1% | 38.0% | 15.19% |
3 Yr | -0.2%* | -10.8% | 3.4% | 33.63% |
5 Yr | N/A* | -6.7% | 1104.0% | N/A |
10 Yr | N/A* | -0.9% | 248.8% | N/A |
* Annualized
Return Ranking - Calendar
Period | FSMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.0% | -1.4% | 41.0% | 40.88% |
2022 | -12.8% | -39.7% | 0.3% | 66.60% |
2021 | N/A | -5.6% | 6.9% | N/A |
2020 | N/A | -2.6% | 310.0% | N/A |
2019 | N/A | 0.0% | 26.0% | N/A |
Total Return Ranking - Trailing
Period | FSMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.3% | -4.6% | 33.0% | 13.86% |
1 Yr | 8.0% | -0.1% | 38.0% | 15.19% |
3 Yr | -0.2%* | -10.8% | 3.4% | 33.63% |
5 Yr | N/A* | -6.7% | 1104.0% | N/A |
10 Yr | N/A* | -0.9% | 248.8% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FSMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.1% | -1.3% | 41.0% | 16.83% |
2022 | -10.4% | -39.7% | 1.1% | 64.70% |
2021 | N/A | -4.8% | 23761504.0% | N/A |
2020 | N/A | -1.5% | 17057.9% | N/A |
2019 | N/A | 0.2% | 3514.6% | N/A |
NAV & Total Return History
FSMUX - Holdings
Concentration Analysis
FSMUX | Category Low | Category High | FSMUX % Rank | |
---|---|---|---|---|
Net Assets | 12.2 B | 3.22 M | 71.9 B | 1.80% |
Number of Holdings | 7467 | 4 | 13418 | 0.33% |
Net Assets in Top 10 | 3.09 B | -317 M | 3.09 B | 0.07% |
Weighting of Top 10 | 25.72% | 1.8% | 100.3% | 21.53% |
Top 10 Holdings
- Vanguard Long-Term Tax-Exempt Adm 5.46%
- Allspring Municipal Bond Admin 4.81%
- Franklin Federal Tax Free Income R6 4.68%
- DWS Managed Municipal Bond S 2.51%
- iShares National Muni Bond ETF 1.85%
- VANGUARD TAX-EXEMPT BOND INDEX FUND ETF 1.81%
- BlackRock National Municipal Inv A 1.55%
- Eaton Vance National Municipal Income I 1.35%
- American High-Income Municipal Bond F-2 1.03%
- FIMM MM Government Portfolio - Instl Cl 0.66%
Asset Allocation
Weighting | Return Low | Return High | FSMUX % Rank | |
---|---|---|---|---|
Bonds | 73.46% | 0.00% | 150.86% | 98.60% |
Stocks | 26.26% | 0.00% | 99.78% | 0.87% |
Cash | 0.29% | -50.86% | 44.62% | 74.42% |
Preferred Stocks | 0.00% | 0.00% | 0.07% | 25.85% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 24.48% |
Other | 0.00% | -3.69% | 51.88% | 92.94% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FSMUX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 0.00% | 16.67% |
Technology | 0.00% | 0.00% | 0.00% | 16.67% |
Real Estate | 0.00% | 0.00% | 0.00% | 16.67% |
Industrials | 0.00% | 0.00% | 100.00% | 83.33% |
Healthcare | 0.00% | 0.00% | 0.00% | 16.67% |
Financial Services | 0.00% | 0.00% | 0.00% | 16.67% |
Energy | 0.00% | 0.00% | 0.00% | 16.67% |
Communication Services | 0.00% | 0.00% | 100.00% | 16.67% |
Consumer Defense | 0.00% | 0.00% | 0.00% | 16.67% |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | 25.00% |
Basic Materials | 0.00% | 0.00% | 0.00% | 8.33% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FSMUX % Rank | |
---|---|---|---|---|
US | 26.26% | 0.00% | 99.78% | 0.73% |
Non US | 0.00% | -0.03% | 9.76% | 25.85% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FSMUX % Rank | |
---|---|---|---|---|
Municipal | 93.35% | 44.39% | 100.00% | 87.36% |
Corporate | 0.07% | 0.00% | 9.41% | 14.78% |
Cash & Equivalents | 0.04% | 0.00% | 44.41% | 52.63% |
Securitized | 0.00% | 0.00% | 5.93% | 34.78% |
Government | 0.00% | 0.00% | 52.02% | 31.17% |
Derivative | 0.00% | -3.69% | 51.88% | 92.21% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FSMUX % Rank | |
---|---|---|---|---|
US | 73.46% | 0.00% | 142.23% | 98.60% |
Non US | 0.00% | 0.00% | 23.89% | 30.51% |
FSMUX - Expenses
Operational Fees
FSMUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.44% | 0.01% | 8.02% | 87.53% |
Management Fee | 0.33% | 0.00% | 1.20% | 21.17% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
FSMUX 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
FSMUX 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.
FSMUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 283.00% | N/A |
FSMUX - Distributions
Dividend Yield Analysis
FSMUX | Category Low | Category High | FSMUX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.87% | 0.00% | 14.51% | 8.46% |
Dividend Distribution Analysis
FSMUX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
FSMUX | Category Low | Category High | FSMUX % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -0.53% | 5.33% | N/A |
Capital Gain Distribution Analysis
FSMUX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Oct 31, 2024 | $0.029 | OrdinaryDividend |
Sep 30, 2024 | $0.028 | OrdinaryDividend |
Aug 31, 2024 | $0.028 | OrdinaryDividend |
Jul 31, 2024 | $0.028 | OrdinaryDividend |
Apr 30, 2024 | $0.027 | OrdinaryDividend |
Mar 31, 2024 | $0.028 | OrdinaryDividend |
Feb 29, 2024 | $0.026 | OrdinaryDividend |
Jan 31, 2024 | $0.026 | OrdinaryDividend |
Nov 30, 2023 | $0.027 | OrdinaryDividend |
Oct 31, 2023 | $0.027 | OrdinaryDividend |
Sep 29, 2023 | $0.026 | OrdinaryDividend |
Aug 31, 2023 | $0.026 | OrdinaryDividend |
Jul 31, 2023 | $0.026 | OrdinaryDividend |
Jun 30, 2023 | $0.025 | OrdinaryDividend |
May 31, 2023 | $0.026 | OrdinaryDividend |
Apr 30, 2023 | $0.025 | OrdinaryDividend |
Mar 31, 2023 | $0.026 | OrdinaryDividend |
Feb 28, 2023 | $0.023 | OrdinaryDividend |
Jan 31, 2023 | $0.024 | OrdinaryDividend |
Dec 31, 2022 | $0.025 | OrdinaryDividend |
Nov 30, 2022 | $0.024 | OrdinaryDividend |
Oct 31, 2022 | $0.024 | OrdinaryDividend |
Sep 30, 2022 | $0.023 | OrdinaryDividend |
Aug 31, 2022 | $0.023 | OrdinaryDividend |
Jul 29, 2022 | $0.024 | OrdinaryDividend |
Jun 30, 2022 | $0.020 | OrdinaryDividend |
May 31, 2022 | $0.020 | OrdinaryDividend |
Apr 29, 2022 | $0.018 | OrdinaryDividend |
Mar 31, 2022 | $0.018 | OrdinaryDividend |
Feb 28, 2022 | $0.016 | OrdinaryDividend |
Jan 31, 2022 | $0.017 | OrdinaryDividend |
Dec 31, 2021 | $0.016 | OrdinaryDividend |
Dec 28, 2021 | $0.001 | CapitalGainShortTerm |
Nov 30, 2021 | $0.016 | OrdinaryDividend |
Oct 29, 2021 | $0.017 | OrdinaryDividend |
Sep 30, 2021 | $0.015 | OrdinaryDividend |
Aug 31, 2021 | $0.015 | OrdinaryDividend |
Jul 30, 2021 | $0.015 | OrdinaryDividend |
Jun 30, 2021 | $0.004 | OrdinaryDividend |
FSMUX - Fund Manager Analysis
Managers
Christopher Heavey
Start Date
Tenure
Tenure Rank
Jun 17, 2021
0.95
1.0%
Christopher Heavey is portfolio manager. Since joining Fidelity Investments in 1998, Mr. Heavey has worked as a senior research analyst and portfolio manager.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.35 | 1.58 |