Fidelity Flex Conservative Income Municipal Bond Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.8%
1 yr return
3.3%
3 Yr Avg Return
1.6%
5 Yr Avg Return
1.6%
Net Assets
$162 M
Holdings in Top 10
23.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.02%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 44.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FUEMX - Profile
Distributions
- YTD Total Return 0.8%
- 3 Yr Annualized Total Return 1.6%
- 5 Yr Annualized Total Return 1.6%
- Capital Gain Distribution Frequency None
- Net Income Ratio 0.52%
- Dividend Yield 3.5%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFidelity Flex Conservative Income Municipal Bond Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateOct 18, 2017
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerElizah McLaughlin
Fund Description
FUEMX - Performance
Return Ranking - Trailing
Period | FUEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.8% | -5.5% | 7.2% | 2.21% |
1 Yr | 3.3% | -5.8% | 31.1% | 12.21% |
3 Yr | 1.6%* | -11.6% | 2.6% | 0.99% |
5 Yr | 1.6%* | -6.4% | 1101.7% | 5.70% |
10 Yr | N/A* | -0.5% | 248.1% | N/A |
* Annualized
Return Ranking - Calendar
Period | FUEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.6% | -1.4% | 41.0% | 97.85% |
2022 | -0.7% | -39.7% | 0.3% | 0.92% |
2021 | -0.1% | -5.6% | 6.9% | 33.00% |
2020 | 0.1% | -2.6% | 310.0% | 95.04% |
2019 | 0.5% | 0.0% | 26.0% | 98.26% |
Total Return Ranking - Trailing
Period | FUEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.8% | -5.5% | 7.2% | 2.21% |
1 Yr | 3.3% | -5.8% | 31.1% | 12.21% |
3 Yr | 1.6%* | -11.6% | 2.6% | 0.99% |
5 Yr | 1.6%* | -6.4% | 1101.7% | 5.70% |
10 Yr | N/A* | -0.5% | 248.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FUEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.5% | -1.3% | 41.0% | 91.93% |
2022 | 0.3% | -39.7% | 1.1% | 0.66% |
2021 | 0.5% | -4.8% | 23761504.0% | 75.90% |
2020 | 1.5% | -1.5% | 17057.9% | 93.41% |
2019 | 2.7% | 0.2% | 3514.6% | 95.47% |
NAV & Total Return History
FUEMX - Holdings
Concentration Analysis
FUEMX | Category Low | Category High | FUEMX % Rank | |
---|---|---|---|---|
Net Assets | 162 M | 3.22 M | 71.9 B | 75.45% |
Number of Holdings | 321 | 2 | 13067 | 37.54% |
Net Assets in Top 10 | 38.8 M | -317 M | 3.56 B | 70.42% |
Weighting of Top 10 | 23.89% | 2.0% | 100.4% | 25.19% |
Top 10 Holdings
- ST JAMES PARISH LA REV VAR-NUCSTEEL LA-SER B-1 5.05%
- PORT ARTHUR NAV DIST TX ENVIR VAR-REF-MOTIVA ENTERPRISES PJ ***AMT*** 3.45%
- Fidelity Municipal Cash Central Fund 2.94%
- LOS ANGELES MFH HOLLYWOOD and VINE APTS 2022-MIZ9089 FRE/MZ D1@ 2.35%
- NYC NY 5% 8/1/2027 2.34%
- PA EDFA SW MT@ 1.79%
- NYS HFA 42ND and 10TH BC22-007 L=BC/BC DR42@ 1.60%
- HI ARPT 2022-XM1055-INV Q=MO D7@ 1.54%
- NY MTA TRANS 2022-XF1355-NUV Q=JPMC BK D7 1.42%
- SAN DIEGO CA ARPT 2022-XM1054-INV Q=MO D7@ 1.42%
Asset Allocation
Weighting | Return Low | Return High | FUEMX % Rank | |
---|---|---|---|---|
Bonds | 95.79% | 0.00% | 150.86% | 84.54% |
Cash | 4.21% | -50.86% | 50.09% | 12.17% |
Stocks | 0.00% | 0.00% | 99.81% | 23.48% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 14.95% |
Other | 0.00% | -3.18% | 33.35% | 23.82% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 14.81% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FUEMX % Rank | |
---|---|---|---|---|
Municipal | 85.38% | 44.39% | 100.00% | 97.86% |
Cash & Equivalents | 2.94% | 0.00% | 48.02% | 13.92% |
Derivative | 0.00% | -3.18% | 23.38% | 20.26% |
Securitized | 0.00% | 0.00% | 5.93% | 16.37% |
Corporate | 0.00% | 0.00% | 9.41% | 30.86% |
Government | 0.00% | 0.00% | 52.02% | 21.96% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FUEMX % Rank | |
---|---|---|---|---|
US | 95.79% | 0.00% | 142.23% | 81.36% |
Non US | 0.00% | 0.00% | 23.89% | 23.50% |
FUEMX - Expenses
Operational Fees
FUEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.02% | 0.01% | 20.65% | 99.94% |
Management Fee | 0.00% | 0.00% | 1.20% | 0.19% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
FUEMX 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
FUEMX 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.
FUEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 44.00% | 0.00% | 283.00% | 90.57% |
FUEMX - Distributions
Dividend Yield Analysis
FUEMX | Category Low | Category High | FUEMX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.52% | 0.00% | 14.58% | 18.24% |
Dividend Distribution Analysis
FUEMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Monthly | Monthly |
Net Income Ratio Analysis
FUEMX | Category Low | Category High | FUEMX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.52% | -0.53% | 5.33% | 95.81% |
Capital Gain Distribution Analysis
FUEMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | None | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 01, 2024 | $0.029 | OrdinaryDividend |
Mar 01, 2024 | $0.027 | OrdinaryDividend |
Feb 01, 2024 | $0.028 | OrdinaryDividend |
Jan 01, 2024 | $0.030 | OrdinaryDividend |
Dec 01, 2023 | $0.029 | OrdinaryDividend |
Nov 01, 2023 | $0.030 | OrdinaryDividend |
Oct 01, 2023 | $0.028 | OrdinaryDividend |
Sep 01, 2023 | $0.029 | OrdinaryDividend |
Aug 01, 2023 | $0.027 | OrdinaryDividend |
Jul 01, 2023 | $0.027 | OrdinaryDividend |
Jun 01, 2023 | $0.026 | OrdinaryDividend |
May 01, 2023 | $0.024 | OrdinaryDividend |
Apr 01, 2023 | $0.025 | OrdinaryDividend |
Mar 01, 2023 | $0.022 | OrdinaryDividend |
Feb 01, 2023 | $0.020 | OrdinaryDividend |
Jan 01, 2023 | $0.022 | DailyAccrualFund |
Dec 01, 2022 | $0.016 | DailyAccrualFund |
Nov 01, 2022 | $0.017 | DailyAccrualFund |
Oct 03, 2022 | $0.013 | DailyAccrualFund |
Sep 01, 2022 | $0.013 | DailyAccrualFund |
Aug 01, 2022 | $0.008 | DailyAccrualFund |
Jul 01, 2022 | $0.008 | DailyAccrualFund |
Jun 01, 2022 | $0.007 | DailyAccrualFund |
May 02, 2022 | $0.005 | DailyAccrualFund |
Apr 01, 2022 | $0.005 | DailyAccrualFund |
Mar 01, 2022 | $0.003 | DailyAccrualFund |
Feb 01, 2022 | $0.003 | DailyAccrualFund |
Jan 01, 2022 | $0.003 | DailyAccrualFund |
Dec 01, 2021 | $0.003 | DailyAccrualFund |
Nov 01, 2021 | $0.004 | DailyAccrualFund |
Oct 01, 2021 | $0.004 | DailyAccrualFund |
Sep 01, 2021 | $0.004 | DailyAccrualFund |
Aug 01, 2021 | $0.004 | DailyAccrualFund |
Jul 01, 2021 | $0.005 | DailyAccrualFund |
Jun 01, 2021 | $0.005 | DailyAccrualFund |
May 01, 2021 | $0.006 | DailyAccrualFund |
Apr 01, 2021 | $0.006 | DailyAccrualFund |
Mar 01, 2021 | $0.005 | DailyAccrualFund |
Feb 01, 2021 | $0.006 | DailyAccrualFund |
Jan 04, 2021 | $0.007 | DailyAccrualFund |
Dec 01, 2020 | $0.007 | DailyAccrualFund |
Nov 02, 2020 | $0.008 | DailyAccrualFund |
Oct 01, 2020 | $0.008 | DailyAccrualFund |
Sep 01, 2020 | $0.009 | DailyAccrualFund |
Aug 03, 2020 | $0.010 | DailyAccrualFund |
Jul 01, 2020 | $0.010 | DailyAccrualFund |
Jun 01, 2020 | $0.011 | DailyAccrualFund |
May 01, 2020 | $0.013 | DailyAccrualFund |
Apr 01, 2020 | $0.020 | DailyAccrualFund |
Mar 02, 2020 | $0.013 | DailyAccrualFund |
Feb 03, 2020 | $0.013 | DailyAccrualFund |
Jan 02, 2020 | $0.015 | DailyAccrualFund |
Dec 02, 2019 | $0.014 | DailyAccrualFund |
Nov 01, 2019 | $0.015 | DailyAccrualFund |
Oct 01, 2019 | $0.015 | DailyAccrualFund |
Sep 03, 2019 | $0.016 | DailyAccrualFund |
Aug 01, 2019 | $0.016 | DailyAccrualFund |
Jul 01, 2019 | $0.017 | OrdinaryDividend |
Jun 03, 2019 | $0.017 | DailyAccrualFund |
May 01, 2019 | $0.018 | DailyAccrualFund |
Apr 01, 2019 | $0.018 | DailyAccrualFund |
Mar 01, 2019 | $0.016 | DailyAccrualFund |
Feb 01, 2019 | $0.017 | DailyAccrualFund |
Jan 02, 2019 | $0.018 | DailyAccrualFund |
Dec 03, 2018 | $0.017 | DailyAccrualFund |
Nov 01, 2018 | $0.017 | DailyAccrualFund |
Sep 04, 2018 | $0.016 | DailyAccrualFund |
Aug 01, 2018 | $0.014 | DailyAccrualFund |
Jul 02, 2018 | $0.013 | DailyAccrualFund |
Jun 01, 2018 | $0.014 | DailyAccrualFund |
May 01, 2018 | $0.014 | DailyAccrualFund |
Apr 02, 2018 | $0.013 | DailyAccrualFund |
Mar 01, 2018 | $0.011 | DailyAccrualFund |
Feb 01, 2018 | $0.013 | DailyAccrualFund |
Jan 02, 2018 | $0.012 | DailyAccrualFund |
Dec 01, 2017 | $0.010 | DailyAccrualFund |
Nov 01, 2017 | $0.006 | DailyAccrualFund |
FUEMX - Fund Manager Analysis
Managers
Elizah McLaughlin
Start Date
Tenure
Tenure Rank
Oct 12, 2017
4.64
4.6%
Since joining Fidelity Investments in 1997, Ms. McLaughlin has worked as an analyst and portfolio manager.
Cormac Cullen
Start Date
Tenure
Tenure Rank
Oct 01, 2021
0.66
0.7%
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.
Michael Maka
Start Date
Tenure
Tenure Rank
Oct 01, 2021
0.66
0.7%
Ryan Brogan
Start Date
Tenure
Tenure Rank
Oct 01, 2021
0.66
0.7%
Ryan Brogan is co-manager of the fund, which he has managed since October 2021. Since joining Fidelity Investments in 2005, Mr. Brogan has worked as a trader and portfolio manager.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.37 | 1.58 |