Morningstar

Fidelity Advisor Conservative Income Municipal Bond Fund - Class A FMNFX

Medalist Rating as of Aug 31, 2026 See Fidelity Investment Hub

Strategy

The investment seeks to provide a high level of income, exempt from federal income tax, consistent with preservation of capital. The fund normally invests at least 80% of assets in U.S. dollar-denominated municipal money market securities and high quality investment-grade municipal debt securities whose interest is exempt from federal income tax.Municipal debt securities are issued to raise money for a variety of public and private purposes,including general financing for state and local governments,financing for eligible non-profit organizations,or financing for a specific project or public facility.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FMNDX	Fidelity Conservative Income Municipal Bond Fund	No Load	Open			Oct 15, 2013	$1.21B	0.250%	Low	$0	−$173.15M
FMNGX	Fidelity Advisor Conservative Income Municipal Bond Fund - Class I	Institutional	Open			May 25, 2023	$25.05M	0.250%	Low	$0	$6.13M
FMNHX	Fidelity Advisor Conservative Income Municipal Bond Fund - Class Z	Institutional	Open			May 25, 2023	$290.23M	0.200%	Low	$0	−$145.79M
FMNFX	Fidelity Advisor Conservative Income Municipal Bond Fund - Class A	Front Load	Open			May 25, 2023	$13.38M	0.450%	Low	$0	$8.12M

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