FTABX: Fidelity® Tax-Free Bond

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FTABX Fidelity® Tax-Free Bond

  • Fund
  • FTABX
  • Price as of: Oct 16, 2019
  • $11.94 - $0.01 - 0.08%
  • Primary Category
  • Uncategorized

FTABX - Profile

Vitals

  • YTD Return 5.6%
  • 3 Yr Annualized Return 3.5%
  • 5 Yr Annualized Return 4.1%
  • Net Assets $4.14 B
  • Holdings in Top 10 7.4%

52 WEEK LOW AND HIGH

$11.94
$11.05
$12.07

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.46%

SALES FEES

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

BROKERAGE FEES

  • Turnover 23.00%

TRADING FEES

  • Max Redemption Fee 0.50%

Min Investment

STANDARD (TAXABLE)

$25,000

IRA

$25,000

Fund Classification

PRIMARY CATEGORY

Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Distributions

  • YTD Total Return 5.6%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 4.1%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 3.02%
DIVIDENDS
  • Dividend Yield 1.4%
  • 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 Kevin Ramundo

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 - Fund Company Quick Screens

FTABX - Performance

Return Ranking - Trailing

Period FTABX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.6% -1.1% 84.1% 31.87%
1 Yr 9.8% -6.3% 20.3% 5.96%
3 Yr 3.5%* -2.7% 8.8% 2.89%
5 Yr 4.1%* -14.8% 7.0% 1.59%
10 Yr 4.6%* -8.6% 6.4% 3.53%

* Annualized


Return Ranking - Calendar

Period FTABX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.3% -13.7% 7.3% 45.12%
2017 2.8% -6.5% 21.2% 10.92%
2016 -3.3% -58.1% 8.6% 89.91%
2015 -0.4% -24.0% 3.0% 30.34%
2014 6.7% -60.4% 26.9% 11.78%

Total Return Ranking - Trailing

Period FTABX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.6% -1.1% 84.1% 32.15%
1 Yr 9.8% -6.3% 20.3% 6.42%
3 Yr 3.5%* -2.7% 8.8% 3.42%
5 Yr 4.1%* -14.8% 7.0% 1.82%
10 Yr 4.6%* -8.6% 6.9% 4.41%

* Annualized


Total Return Ranking - Calendar

Period FTABX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.1% -13.7% 6.9% 48.16%
2017 3.2% -6.5% 27.0% 14.93%
2016 -2.8% -58.1% 10.7% 82.43%
2015 -0.3% -14.6% 4.2% 33.59%
2014 6.8% -60.4% 26.9% 13.30%

NAV & Total Return History

FTABX - Holdings

Concentration Analysis

FTABX Category Low Category High FTABX % Rank
Net Assets 4.14 B 698 K 241 B 16.59%
Number of Holdings 1244 1 17412 11.70%
Net Assets in Top 10 309 M -195 M 22.6 B 27.83%
Weighting of Top 10 7.44% 2.5% 215.9% 92.84%

Top 10 Holdings

  1. Fidelity Revere Str Tr 2.14%

  2. GRAND PARKWAY TRANSN CORP TEX SYS TOLL REV 5% 0.74%

  3. GRAND PARKWAY TRANSN CORP TEX SYS TOLL REV 5.25% 0.70%

  4. GAINESVILLE FLA UTILS SYS REV 5% 0.69%

  5. MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% 0.64%

  6. ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV 5% 0.53%

  7. NEW JERSEY ST TRANSN TR FD AUTH 5.25% 0.52%

  8. MIAMI-DADE CNTY FLA EXPWY AUTH TOLL SYS REV 5% 0.51%

  9. ILLINOIS ST 5% 0.49%

  10. ILLINOIS ST 5% 0.48%


Asset Allocation

Weighting Return Low Return High FTABX % Rank
Bonds
97.16% 80.14% 153.76% 53.14%
Other
2.14% -55.96% 29.72% 1.17%
Cash
0.71% -46.73% 22.95% 67.03%
Stocks
0.00% -14.50% 18.61% 29.10%
Preferred Stocks
0.00% -48.13% 8.19% 32.86%
Convertible Bonds
0.00% 0.00% 6.16% 53.17%

Bond Sector Breakdown

Weighting Return Low Return High FTABX % Rank
Municipal
97.16% 0.00% 157.77% 33.25%
Cash & Equivalents
0.71% -46.73% 22.95% 64.34%
Derivative
0.00% -125.90% 27.06% 26.16%
Securitized
0.00% 0.00% 141.25% 62.67%
Corporate
0.00% -57.89% 99.47% 67.25%
Government
0.00% -74.40% 253.85% 63.13%

Bond Geographic Breakdown

Weighting Return Low Return High FTABX % Rank
US
97.16% 66.38% 153.76% 33.07%
Non US
0.00% -55.96% 22.80% 84.97%

FTABX - Expenses

Operational Fees

FTABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.46% 0.00% 209.96% 85.56%
Management Fee 0.36% 0.00% 1.25% 40.91%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.63% N/A

Sales Fees

FTABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.00% 5.50% N/A

Trading Fees

FTABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 0.50% 0.25% 2.00% 79.41%

Turnover 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 23.00% 0.00% 1856.00% 29.56%

FTABX - Distributions

Dividend Yield Analysis

FTABX Category Low Category High FTABX % Rank
Dividend Yield 1.42% 0.00% 95.70% 41.19%

Dividend Distribution Analysis

FTABX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

FTABX Category Low Category High FTABX % Rank
Net Income Ratio 3.02% -0.18% 6.30% 25.57%

Capital Gain Distribution Analysis

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

FTABX - Managers

Kevin Ramundo

Manager

Start Date

Tenure

Tenure Rank

Jun 30, 2010

9.26

9.3%

Kevin Ramundo joined Fidelity Investments in 2000, Mr. Ramundo has worked as a research analyst and portfolio manager.


Cormac Cullen

Manager

Start Date

Tenure

Tenure Rank

May 02, 2016

3.41

3.4%

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

Manager

Start Date

Tenure

Tenure Rank

Sep 11, 2018

1.05

1.1%

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


Tenure Analysis

Category Low

0.0

Category High

32.85

Category Average

7.59

Category Mode

7.37