Morningstar

Fidelity Tax-Free Bond Fund FTABX

Morningstar Medalist Rating
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  • NAV / 1-Day Return$10.74  /  −0.37%
  • Fund Size$3.6B
  • Adjusted Expense Ratio0.250%
  • Net Expense Ratio0.250%
  • Fee Level: DistributionLow
  • Share Class TypeNo Load
  • Morningstar CategoryMuni National Long
  • Fixed-Income Style Box (Funds)Medium/Extensive
  • Minimum Initial Investment$25,000
  • Investment StatusOpen
  • TTM Yield3.40%
  • Average Effective Duration7.90 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FTABX

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

  • People Pillar

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

A top pick for muni investors.

Associate Director Tom Murphy

Tom Murphy

Associate Director

Summary

Fidelity Tax-Free Bond’s seasoned team applies a consistent and risk-aware process that has historically offered investors a smoother ride than many muni national long Morningstar Category peers.

by Tom Murphy
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Portfolio Holdings FTABX

More FTABX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings10.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

SALT RIV PROJ AGRIC IMPT & PWR DIST ARIZ ELEC SYS REV 5.25%

1.1742M
municipal

TEXAS MUNICIPAL 5.25% 04/01/3

1.1641M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

1.1541M
municipal

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%

1.1541M
municipal

Fidelity Revere Str Tr

1.1139M
—

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

1.0035M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.8831M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.8329M
municipal

MAIN STR ENERGY INC GA ENERGY PROJ REV 5%

0.7627M
municipal

MAIN STR ENERGY INC GA ENERGY PROJ REV 5%

0.7426M
municipal

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