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Morningstar

Fidelity SAI Conservative Inc Muncpl Bd FSMJX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 10.03  /  +0.01 %
  • Total Assets 1.3 Bil
  • 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 —
  • Status Open
  • TTM Yield —
  • Effective Duration 0.74 years

USD | NAV as of May 20, 2024 | 1-Day Return as of May 20, 2024, 10:17 PM GMT+0

Morningstar’s Analysis FSMJX

Will FSMJX 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 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.

A strong management team and sound investment process underpin Fidelity SAI Conservative Inc Muncpl Bd's Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable 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 FSMJX

More FSMJX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MARICOPA CNTY ARIZ POLLUTION CTL CORP POLLUTION CTL REV 4%

2.41 30.6 Mil
municipal

PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 3.95%

2.18 27.6 Mil
municipal

Fidelity Municipal Cash Central

2.07 26.2 Mil
Cash and Equivalents

TENDER OPT BD TR RCPTS / CTFS VAR STS 3.94%

1.69 21.4 Mil
municipal

TENDER OPT BD TR RCPTS / CTFS VAR STS 3.94%

1.50 19.0 Mil
municipal

MIZUHO FLOATER / RESIDUAL TR VAR STS 3.65%

1.48 18.7 Mil
municipal

CHANDLER ARIZ INDL DEV AUTH INDL DEV REV 5%

1.40 17.7 Mil
municipal

TENDER OPT BD TR RCPTS / CTFS VAR STS 3.94%

1.29 16.3 Mil
municipal

RIB FLOATER TR VARIOUS STS 4.09%

1.26 16.0 Mil
municipal

RIB FLOATER TR VARIOUS STS 3.94%

1.17 14.8 Mil
municipal