Morningstar

Fidelity SAI Tax-Free Bond Fund FSAJX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 10.02  /  +0.30 %
  • Total Assets 5.9B
  • 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/Extensive
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 3.40%
  • Effective Duration 7.60 years

USD | NAV as of Aug 08, 2026 | 1-Day Return as of Aug 08, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FSAJX

Will FSAJX 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 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Fidelity SAI Tax-Free Bond holds a quantitatively derived Gold Morningstar Medalist Rating. The rating reflects that it has scored particularly well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
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 10.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Revere Str Tr

4.06 253M
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SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%

1.11 69M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.89 55M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.81 51M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.77 48M
municipal

MAIN STR ENERGY INC GA ENERGY PROJ REV 5%

0.71 44M
municipal

WISCONSIN ST HEALTH & EDL FACS AUTH REV 5%

0.64 40M
municipal

PHILADELPHIA PA SCH DIST 5%

0.53 33M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

0.50 31M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.50 31M
municipal

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