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Morningstar

Fidelity Municipal Bond Index FMBIX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 18.14  /  +0.06 %
  • Total Assets 154.7 Mil
  • Adj. Expense Ratio
    0.070%
  • Expense Ratio 0.070%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.47%
  • Effective Duration 6.19 years

USD | NAV as of Jun 01, 2024 | 1-Day Return as of Jun 01, 2024, 4:34 AM GMT+0

Morningstar’s Analysis FMBIX

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

  • People Pillar

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

A strong management team and sound investment process underpin Fidelity Municipal Bond Index's Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FMBIX

More FMBIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 3.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash

1.10 1.7 Mil
Cash and Equivalents

Fidelity Municipal Cash Central

0.61 937,302
Cash and Equivalents

LOUDOUN CNTY VA SANTN AUTH WTR & SWR REV 4%

0.48 737,085
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%

0.43 667,574
municipal

PORT AUTH N Y & N J 5%

0.39 597,342
municipal

ANAHEIM CALIF HSG & PUB IMPT AUTH REV 5%

0.35 544,791
municipal

SALT LAKE CITY UTAH ARPT REV 5%

0.35 543,179
municipal

ILLINOIS FIN AUTH REV 4%

0.33 517,762
municipal

TRIBOROUGH BRDG & TUNL AUTH N Y PAYROLL MOBILITY TAX 4%

0.33 513,139
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%

0.33 511,254
municipal