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Morningstar

Fidelity SAI Tax-Free Bond FSAJX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 10.02  /  −0.09 %
  • Total Assets 2.6 Bil
  • Adj. Expense Ratio
    0.250%
  • Expense Ratio 0.250%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.94%
  • Effective Duration 6.68 years

USD | NAV as of May 10, 2024 | 1-Day Return as of May 10, 2024, 10:12 PM GMT+0

Morningstar’s Analysis FSAJX

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

  • People Pillar

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

An upgrade in its Process Pillar rating is the primary driver of Fidelity SAI Tax-Free Bond's upgrade to a Morningstar Medalist Rating of Silver from Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

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

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FSAJX

More FSAJX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Revere Str Tr

3.48 93.5 Mil
—

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

1.40 37.7 Mil
municipal

NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5%

0.66 17.8 Mil
municipal

LOUISVILLE & JEFFERSON CNTY KY METRO GOVT HEALTH SYS REV 5%

0.61 16.4 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.57 15.4 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

0.55 14.8 Mil
municipal

KENTUCKY HSG CORP SINGLE FAMILY MTG REV 6%

0.55 14.7 Mil
municipal

NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5%

0.53 14.2 Mil
municipal

Cash

0.52 14.1 Mil
Cash and Equivalents

NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 5%

0.50 13.5 Mil
municipal