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Morningstar

Fidelity Municipal Core Plus Bond FMBAX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 10.02  /  +0.11 %
  • Total Assets 54.8 Mil
  • Adj. Expense Ratio
    0.370%
  • Expense Ratio 0.370%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.51%
  • Effective Duration 5.54 years

USD | NAV as of Jun 01, 2024 | 1-Day Return as of Jun 01, 2024, 4:34 AM GMT+0

Morningstar’s Analysis FMBAX

Will FMBAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMBAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FMBAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FMBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A sound investment process and strong management team underpin Fidelity Municipal Core Plus Bond's Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FMBAX

More FMBAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CLARK CNTY NEV ARPT REV 5%

3.21 1.8 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%

2.23 1.2 Mil
municipal

NEW JERSEY ECONOMIC DEV AUTH REV 5.25%

2.08 1.1 Mil
municipal

Cash

1.94 1.1 Mil
Cash and Equivalents

CHICAGO ILL MIDWAY ARPT REV 5%

1.94 1.1 Mil
municipal

CONNECTICUT ST 5%

1.92 1.1 Mil
municipal

NORTHSIDE TEX INDPT SCH DIST 3%

1.79 980,601
municipal

KING CNTY WASH HSG AUTH REV 3.25%

1.70 930,177
municipal

SOUTH MIAMI FLA HEALTH FACS AUTH HOSP REV 4%

1.67 914,132
municipal

PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 3.85%

1.64 900,000
municipal