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Trending ETFs

Fidelity Municipal Core Plus Bond Fund

mutual fund
FMBAX
Payout Change
Pending
Price as of:
$10.12 +0.02 +0.2%
primary theme
Municipal Bond
share class
I (FMBGX) M (FMBFX) Z (FMBHX) Other (FMBAX) A (FMBMX) C (FMBEX)
FMBAX (Mutual Fund)

Fidelity Municipal Core Plus Bond Fund

Payout Change
Pending
Price as of:
$10.12 +0.02 +0.2%
primary theme
Municipal Bond
share class
I (FMBGX) M (FMBFX) Z (FMBHX) Other (FMBAX) A (FMBMX) C (FMBEX)
FMBAX (Mutual Fund)

Fidelity Municipal Core Plus Bond Fund

Payout Change
Pending
Price as of:
$10.12 +0.02 +0.2%
primary theme
Municipal Bond
share class
I (FMBGX) M (FMBFX) Z (FMBHX) Other (FMBAX) A (FMBMX) C (FMBEX)

Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Municipal Core Plus Bond Fund

FMBAX | Fund

$10.12

$53.9 M

3.38%

$0.34

1.02%

Vitals

YTD Return

1.5%

1 yr return

1.7%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$53.9 M

Holdings in Top 10

20.0%

52 WEEK LOW AND HIGH

$10.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.02%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 8.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Municipal Core Plus Bond Fund

FMBAX | Fund

$10.12

$53.9 M

3.38%

$0.34

1.02%

FMBAX - Profile

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.53%
DIVIDENDS
  • Dividend Yield 3.4%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Fidelity Municipal Core Plus Bond Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Feb 24, 2023
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Brandon Bettencourt

Fund Description

Normally investing at least 80% of assets in municipal securities whose interest is exempt from federal income tax.Investing up to 30% of assets in lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds).Investing up to 20% of assets in securities that are not municipal securities exempt from federal income tax, including, but not limited to, taxable municipal bonds, U.S. Treasury and Government agency issues, and investment-grade corporate bonds.Managing the fund to have similar overall interest rate risk to the supplemental index.Analyzing the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments.Allocating assets across different market sectors and maturities.Potentially investing more than 25% of total assets in municipal securities that finance similar types of projects.Engaging in transactions that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default), options, and futures contracts - and forward-settling securities, to adjust the fund's risk exposure.
Read More

FMBAX - Performance

Return Ranking - Trailing

Period FMBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -6.1% 36.1% 36.87%
1 Yr 1.7% -6.0% 38.2% 36.74%
3 Yr N/A* -11.5% 5.9% 100.00%
5 Yr N/A* -7.2% 1103.7% N/A
10 Yr N/A* -1.1% 248.9% N/A

* Annualized

Return Ranking - Calendar

Period FMBAX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -1.4% 41.0% 48.00%
2022 N/A -39.7% 0.3% 37.45%
2021 N/A -5.6% 6.9% 57.55%
2020 N/A -2.6% 310.0% N/A
2019 N/A 0.0% 26.0% N/A

Total Return Ranking - Trailing

Period FMBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -6.1% 36.1% 36.87%
1 Yr 1.7% -6.0% 38.2% 36.74%
3 Yr N/A* -11.5% 5.9% 100.00%
5 Yr N/A* -7.2% 1103.7% N/A
10 Yr N/A* -1.1% 248.9% N/A

* Annualized

Total Return Ranking - Calendar

Period FMBAX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -1.3% 41.0% 49.24%
2022 N/A -39.7% 1.1% 37.51%
2021 N/A -4.8% 23761504.0% 57.49%
2020 N/A -1.5% 17057.9% N/A
2019 N/A 0.2% 3514.6% N/A

NAV & Total Return History

FMBAX - Holdings

Concentration Analysis

FMBAX Category Low Category High FMBAX % Rank
Net Assets 53.9 M 3.22 M 71.9 B 93.62%
Number of Holdings 315 4 13418 38.68%
Net Assets in Top 10 11.8 M -317 M 3.09 B 94.43%
Weighting of Top 10 19.97% 1.8% 100.3% 41.47%

Top 10 Holdings

  1. Fidelity Municipal Cash Central Fund 3.64%
  2. CLARK NV ARPT 5% 7/1/2025 @ 3.00%
  3. NEW JERSEY ECN 5.25% 6/15/2038 1.95%
  4. CT ST 5% 4/15/2037 1.80%
  5. CHICAGO MIDWAY 5% 1/1/2030 @ 1.80%
  6. NTHSIDE TX ISD 3% MT 1.68%
  7. KING WA MHSG 3.25% 5/1/33 1.60%
  8. SOUTH MIAMI FL(BAPTST HL SY FL) 4% 8/15/47 1.59%
  9. PORT PORT ARTHUR TEX NAV DIST MOTIVA ENTERPRISES-C 1.53%
  10. ATLANTA GA ARPT 5% 7/1/2025 @ 1.38%

Asset Allocation

Weighting Return Low Return High FMBAX % Rank
Bonds 		96.89% 0.00% 150.86% 80.20%
Cash 		3.64% -50.86% 44.62% 14.91%
Stocks 		0.00% 0.00% 99.77% 74.90%
Preferred Stocks 		0.00% 0.00% 0.07% 70.52%
Other 		0.00% -3.69% 53.54% 70.52%
Convertible Bonds 		0.00% 0.00% 0.93% 70.20%

Bond Sector Breakdown

Weighting Return Low Return High FMBAX % Rank
Municipal 		97.43% 44.39% 100.00% 61.56%
Cash & Equivalents 		3.64% 0.00% 44.41% 11.62%
Derivative 		0.00% -3.69% 53.54% 70.11%
Securitized 		0.00% 0.00% 5.93% 70.94%
Corporate 		0.00% 0.00% 9.41% 75.99%
Government 		0.00% 0.00% 52.02% 72.02%

Bond Geographic Breakdown

Weighting Return Low Return High FMBAX % Rank
US 		96.89% 0.00% 142.23% 77.77%
Non US 		0.00% 0.00% 23.89% 72.53%

FMBAX - Expenses

Operational Fees

FMBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.02% 0.01% 8.02% 28.97%
Management Fee 0.39% 0.00% 1.20% 36.98%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

FMBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

FMBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FMBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 8.00% 0.00% 283.00% 14.35%

FMBAX - Distributions

Dividend Yield Analysis

FMBAX Category Low Category High FMBAX % Rank
Dividend Yield 3.38% 0.00% 14.51% 14.36%

Dividend Distribution Analysis

FMBAX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

FMBAX Category Low Category High FMBAX % Rank
Net Income Ratio 1.53% -0.53% 5.33% 70.56%

Capital Gain Distribution Analysis

FMBAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

FMBAX - Fund Manager Analysis

Managers

Brandon Bettencourt

Start Date

Tenure

Tenure Rank

Jul 11, 2019

2.89

2.9%

Since joining Fidelity Investments in 2008, Brandon Bettencourt has worked as a research associate, portfolio analyst, and portfolio manager.

Richard Munclinger

Start Date

Tenure

Tenure Rank

Oct 01, 2020

1.66

1.7%

Richard Munclinger is a portfolio manager in the Fixed Income division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals. In this role, Mr. Munclinger is responsible for managing all of Fidelity's fixed income index funds, as well as the inflation-protected debt sub-portfolio of Fidelity and Fidelity Advisor Strategic Real Return Funds. Prior to assuming his current position, Mr. Munclinger was a quantitative analyst working with the Core/Core Plus/Tactical Bond investment team on asset allocation and risk management. Prior to joining Fidelity in August 2016, Mr. Munclinger worked as a senior quantitative an analyst at State Street Global Advisors (SSgA). Previously, he was a model validation manager at Freddie Mac and an economist at International Monetary Fund. He has been in the financial industry since 2014. Mr. Munclinger earned his bachelor of science degree in finance from the University of Cape Town. Additionally, he earned his master of science degree, as well as his PhD, in finance from George Washington University. He is also a CFA® charterholder.

Michael Maka

Start Date

Tenure

Tenure Rank

Mar 01, 2021

1.25

1.3%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58

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