Morningstar

Fidelity® SAI Enhanced Municipal Income Fund FENCX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 10.13  /  0.00
  • Total Assets 1.5B
  • Adj. Expense Ratio
    0.150%
  • Expense Ratio 0.150%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity High/Extensive
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 3.63%
  • Effective Duration 7.11 years

USD | NAV as of Jul 11, 2026 | 1-Day Return as of Jul 11, 2026, 4:36 AM GMT+0

Morningstar’s Analysis FENCX

Will FENCX outperform in the 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 FENCX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Fidelity® SAI Enhanced Municipal Income holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings FENCX

More FENCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Municipal Cash Central

6.51 97M
Cash and Equivalents

Vanguard Tax-Exempt Bond ETF

2.71 40M
—

iShares National Muni Bond ETF

1.80 27M
—

TEXAS MUN GAS ACQUISITION & SUPPLY CORP V GAS SUPPLY REV 5%

0.35 5M
municipal

OHIO ST 5%

0.31 5M
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5%

0.29 4M
municipal

TENNESSEE ENERGY ACQUISITION CORP GAS REV 5%

0.29 4M
municipal

ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5%

0.29 4M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.28 4M
municipal

CALIFORNIA ST 5%

0.26 4M
municipal

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