Morningstar

Fidelity SAI Conservative Income Municipal Bond Fund FSMJX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 10.05  /  0.00
  • Total Assets 1.5B
  • Adj. Expense Ratio
    0.200%
  • Expense Ratio 0.200%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 2.88%
  • Effective Duration 0.60 years

USD | NAV as of Jul 21, 2026 | 1-Day Return as of Jul 21, 2026, 4:55 AM GMT+0

Morningstar’s Analysis FSMJX

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

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Fidelity SAI Conservative Inc Muncpl Bd holds a quantitatively derived Silver Morningstar Medalist Rating. The rating reflects that it has scored 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 FSMJX

More FSMJX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

KENTUCKY HIGHER ED STUDENT LN CORP STUDENT LN REV 2.33%

2.74 41M
municipal

ST JAMES PARISH LA REV 2.39%

2.42 36M
municipal

PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 2.45%

2.27 34M
municipal

PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 2.4%

1.94 29M
municipal

DALLAS FORT WORTH TEX INTL ARPT REV 5%

1.78 26M
municipal

Fidelity Municipal Cash Central

1.75 26M
Cash and Equivalents

FLORIDA INS ASSISTANCE INTERLOCAL AGY FLA INS ASSMT REV 2.88%

1.55 23M
municipal

TENDER OPT BD TR RCPTS / CTFS VAR STS 2.44%

1.44 21M
municipal

TENDER OPT BD TR RCPTS / CTFS VAR STS 2.34%

1.28 19M
municipal

MARICOPA CNTY ARIZ POLLUTION CTL CORP POLLUTION CTL REV 2.3%

1.17 17M
municipal

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