Morningstar

Fidelity Tax-Free Bond Fund FTABX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 11.00  /  −0.18 %
  • Total Assets 3.9B
  • 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 25,000
  • Status Open
  • TTM Yield 3.20%
  • Effective Duration 7.44 years

USD | NAV as of Jul 22, 2026 | 1-Day Return as of Jul 22, 2026, 4:51 AM GMT+0

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
Rated on Published on

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Portfolio Holdings FTABX

More FTABX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Revere Str Tr

4.43 170M
—

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%

1.30 50M
municipal

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

1.14 44M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.97 37M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.86 33M
municipal

METROPOLITAN TRANSN AUTH N Y REV 4%

0.76 29M
municipal

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%

0.66 25M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.60 23M
municipal

SALT LAKE CITY UTAH ARPT REV 5%

0.56 21M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

0.55 21M
municipal

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