About FASWX
Fidelity SAI Sustainable Municipal Income Fund is an actively managed municipal bond mutual fund focused on delivering high current income that is exempt from federal income tax. The fund normally invests at least 80% of assets in investment‑grade municipal securities and integrates environmental, social, and governance considerations by emphasizing bonds that the adviser views as having positive ESG characteristics. Its mandate often includes financing for sectors such as education, health care, affordable housing, clean energy, water and sewer infrastructure, and public transportation, linking portfolio exposures to essential public‑purpose projects across the municipal market. The strategy targets the national long municipal category and distributes income monthly, reflecting its income‑oriented design. The fund launched in 2022, holds a diversified portfolio of several hundred issues, and maintains a low expense ratio relative to active peers, supporting cost‑efficient access to federally tax‑exempt income with an ESG lens. By focusing on investment‑grade credit quality and essential‑service issuers, the fund seeks to balance income generation with prudent risk management within the U.S. municipal bond landscape.
Fund Family Fidelity
Category Muni National Long
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol FASWX
Index Index is not available on Lipper Database
FASWX had a total return of -2.40% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.77%.
