FTABX: Fidelity® Tax Free Bond Fund - MutualFunds.com

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Fidelity® Tax-Free Bond

FTABX - Snapshot

Vitals

  • YTD Return -0.2%
  • 3 Yr Annualized Return 4.3%
  • 5 Yr Annualized Return 4.0%
  • Net Assets $4.23 B
  • Holdings in Top 10 9.0%

52 WEEK LOW AND HIGH

$11.90
$10.73
$12.34

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.46%

SALES FEES

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

BROKERAGE FEES

  • Turnover 8.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $25,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Compare FTABX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.64

0.00%

$78.20 B

0.00%

$0.00

1.17%

0.17%

$11.20

-0.09%

$32.33 B

0.00%

$0.00

1.08%

0.17%

$13.39

0.00%

$24.21 B

0.00%

$0.00

0.45%

0.52%

$15.93

0.00%

$19.35 B

0.00%

$0.00

0.50%

0.17%

$115.17

-0.09%

$17.86 B

-

-

1.06%

0.07%

FTABX - Profile

Distributions

  • YTD Total Return -0.2%
  • 3 Yr Annualized Total Return 4.3%
  • 5 Yr Annualized Total Return 4.0%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.86%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity® Tax Free Bond Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Apr 10, 2001
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Cormac Cullen

Fund Description

The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal income tax. It potentially invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund does not invest in municipal securities whose interest is subject to federal income tax or in municipal securities whose interest is subject to the federal alternative minimum tax.


FTABX - Performance

Return Ranking - Trailing

Period FTABX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -9.4% 300.5% 59.85%
1 Yr 3.0% -5.9% 6.6% 32.17%
3 Yr 4.3%* -0.9% 7.4% 12.12%
5 Yr 4.0%* -0.2% 7.0% 13.86%
10 Yr 4.3%* -0.1% 8.1% 15.86%

* Annualized

Return Ranking - Calendar

Period FTABX Return Category Return Low Category Return High Rank in Category (%)
2019 5.4% -0.3% 15.4% 10.61%
2018 -2.3% -10.3% 97.2% 57.94%
2017 2.8% -100.0% 7.6% 15.37%
2016 -3.3% -7.9% 96.8% 75.95%
2015 -0.4% -4.8% 3.0% 63.71%

Total Return Ranking - Trailing

Period FTABX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -9.4% 300.5% 58.93%
1 Yr 3.0% -8.7% 6.6% 24.21%
3 Yr 4.3%* -2.4% 7.4% 10.65%
5 Yr 4.0%* -1.4% 7.0% 12.31%
10 Yr 4.3%* -0.5% 8.1% 14.69%

* Annualized

Total Return Ranking - Calendar

Period FTABX Return Category Return Low Category Return High Rank in Category (%)
2019 5.4% -0.3% 15.4% 10.73%
2018 -2.1% -10.3% 11.0% 50.88%
2017 3.2% -100.0% 7.6% 13.86%
2016 -2.8% -7.9% 3.0% 56.34%
2015 -0.3% -4.8% 4.0% 59.20%

NAV & Total Return History


FTABX - Holdings

Concentration Analysis

FTABX Category Low Category High FTABX % Rank
Net Assets 4.23 B 617 K 78.2 B 8.28%
Number of Holdings 1278 3 10083 6.18%
Net Assets in Top 10 372 M -202 M 4.54 B 8.56%
Weighting of Top 10 8.98% 2.4% 99.7% 86.57%

Top 10 Holdings

  1. Fidelity Revere Str Tr 3.94%
  2. KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4% 0.88%
  3. LOWER ALA GAS DIST GAS PROJ REV 4% 0.68%
  4. MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% 0.64%
  5. MIAMI-DADE CNTY FLA EXPWY AUTH TOLL SYS REV 5% 0.50%
  6. METROPOLITAN PIER & EXPOSITION AUTH ILL REV 5% 0.49%
  7. ILLINOIS ST 5% 0.48%
  8. ILLINOIS ST 5% 0.47%
  9. NEW JERSEY ST TRANSN TR FD AUTH 5.25% 0.46%
  10. MTA HUDSON RAIL YARDS TR OBLIGS REV 5% 0.46%

Asset Allocation

Weighting Return Low Return High FTABX % Rank
Bonds
95.79% 65.51% 149.06% 78.58%
Other
3.94% -1.48% 12.83% 0.23%
Cash
0.27% -49.07% 34.49% 66.95%
Stocks
0.00% 0.00% 1.58% 37.62%
Preferred Stocks
0.00% -0.98% 1.04% 34.35%
Convertible Bonds
0.00% 0.00% 1.83% 34.86%

Bond Sector Breakdown

Weighting Return Low Return High FTABX % Rank
Municipal
99.72% 49.08% 100.00% 28.51%
Cash & Equivalents
0.28% 0.00% 34.49% 70.41%
Derivative
0.00% 0.00% 2.16% 34.52%
Securitized
0.00% 0.00% 6.06% 36.11%
Corporate
0.00% 0.00% 13.25% 44.61%
Government
0.00% 0.00% 49.86% 39.46%

Bond Geographic Breakdown

Weighting Return Low Return High FTABX % Rank
US
95.79% 65.51% 142.92% 61.79%
Non US
0.00% 0.00% 27.43% 80.84%

FTABX - Expenses

Operational Fees

FTABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.46% 0.01% 4.01% 88.78%
Management Fee 0.35% 0.00% 1.10% 22.99%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

FTABX 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

FTABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 77.61%

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.

FTABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 8.00% 0.00% 235.00% 8.61%

FTABX - Distributions

Dividend Yield Analysis

FTABX Category Low Category High FTABX % Rank
Dividend Yield 0.00% 0.00% 3.82% 38.74%

Dividend Distribution Analysis

FTABX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FTABX Category Low Category High FTABX % Rank
Net Income Ratio 2.86% 0.04% 6.48% 27.46%

Capital Gain Distribution Analysis

FTABX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Monthly Annually

Dividend Payout History

View More +

FTABX - Fund Manager Analysis

Managers

Cormac Cullen


Start Date

Tenure

Tenure Rank

May 02, 2016

4.42

4.4%

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

Sep 11, 2018

2.05

2.1%

Since joining Fidelity Investments in 1997, Ms. McLaughlin has worked as an analyst and portfolio manager.

Michael Maka


Start Date

Tenure

Tenure Rank

Mar 31, 2020

0.5

0.5%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.98 8.33 2.76