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Morningstar

Fidelity SAI Municipal Bond Index FSABX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 18.26  /  +0.12 %
  • Total Assets 84.1 Mil
  • Adj. Expense Ratio
    0.070%
  • Expense Ratio 0.070%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.62%
  • Effective Duration 6.09 years

USD | NAV as of May 02, 2024 | 1-Day Return as of May 02, 2024, 4:33 AM GMT+0

Morningstar’s Analysis FSABX

Will FSABX 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 FSABX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FSABX 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 FSABX’s parent organization’s priorities and whether they’re in line with investors’ interests.

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a 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 FSABX

More FSABX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 3.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Municipal Cash Central

1.09 925,667
Cash and Equivalents

Cash

1.06 903,921
Cash and Equivalents

HENNEPIN CNTY MINN 5%

0.62 530,237
municipal

ROSEMONT ILL 5%

0.40 342,618
municipal

HUDSON YDS INFRASTRUCTURE CORP N Y SECOND INDENTURE REV 5%

0.40 338,276
municipal

GLENDALE ARIZ WTR & SWR REV 5%

0.39 331,418
municipal

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5%

0.36 306,310
municipal

FAIRFAX CNTY VA 5%

0.36 302,011
municipal

NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 4%

0.34 286,740
municipal

MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV 4%

0.33 282,369
municipal