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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 9.91  /  −0.30 %
  • Total Assets 2.7 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 2.87%
  • Effective Duration 6.68 years

USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 10:14 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.

Fidelity SAI Tax-Free Bond’s Process Pillar rating is Average, but a strong management team still helps this strategy retain its Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a 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 12.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Revere Str Tr

6.27 166.9 Mil
—

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

1.41 37.6 Mil
municipal

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

0.67 17.9 Mil
municipal

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

0.62 16.6 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.58 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%

0.54 14.4 Mil
municipal

NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 5%

0.51 13.6 Mil
municipal

COLORADO HEALTH FACS AUTH REV 4%

0.50 13.3 Mil
municipal