Fidelity SAI Municipal Bond Index (FSABX)
| Fund Assets | 78.47M |
| Expense Ratio | 0.07% |
| Min. Investment | $0.00 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.54 |
| Dividend Yield | 2.96% |
| Dividend Growth | 8.19% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 18.00 |
| YTD Return | -1.66% |
| 1-Year Return | -1.57% |
| 5-Year Return | -3.29% |
| 52-Week Low | 17.50 |
| 52-Week High | 18.84 |
| Beta (5Y) | n/a |
| Holdings | 1102 |
| Inception Date | Jul 11, 2019 |
About FSABX
Fidelity SAI Municipal Bond Index Fund is an open‑end mutual fund that tracks the U.S. investment‑grade municipal bond market to deliver a high level of current income that is generally exempt from federal income tax. The portfolio normally invests at least 80% of assets in municipal securities and targets the national intermediate segment, emphasizing broad diversification across states and revenue sources such as general obligation, water and sewer, transportation, and local government issuers. The fund maintains an intermediate interest‑rate profile, aligning with category durations of roughly 4–6 years, seeking balanced sensitivity to rate moves and credit quality considerations. It is designed with a low‑cost structure, featuring a notably low expense ratio and passive index methodology to keep tracking and operating costs contained. Managed by Fidelity, the strategy aims to mirror municipal bond index characteristics while offering tax‑advantaged income, making it a core building block for investors seeking federally tax‑exempt bond exposure within diversified fixed income allocations. According to third‑party category frameworks, it sits in Muni National Intermediate, reflecting its role as a broad, intermediate‑term muni market exposure.
Performance
FSABX had a total return of -1.57% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.13%.
Top 10 Holdings
5.09% of assets| Name | Symbol | Weight |
|---|---|---|
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV - CALIFORNIA CMY 4% MT | CA.CCEDEV 02.01.2052 | 0.85% |
| NEW YORK ST URBAN EEV CORP STSALES TAX REV - NEW YORK ST URB 5% 3/15/2054 | NY.NYSFAC 5 03.15.2054 | 0.58% |
| NEW YORK STATE URBAN DEVELOPMENT CORP - NY STATE UR D 5% 3/15/2037 | n/a | 0.51% |
| LOS ANGELES CA UNI SCH DIST - LA CA USD 5% 7/1/2034 | CA.LOSSCD 5 07.01.2034 | 0.51% |
| NEW YORK NY CTY MUN WTR FIN AU - NYC WTR 5% 6/15/2039 | NY.NYCUTL 5 06.15.2039 | 0.47% |
| CALIFORNIA ST - CA ST 3% 11/1/2035 | CA.CAS 3 11.01.2035 | 0.45% |
| SALT RIVER PROJ AZ AGRIC and PWR - SALT RIVER AZ 5% 1/1/38 | AZ.SALAGR 5 01.01.2038 | 0.44% |
| Fidelity Revere Street Trust - Fidelity Municipal Cash Central Fund | n/a | 0.43% |
| NEW JERSEY ST - NJ ST 3% 6/1/2032 | NJ.NJS 3 06.01.2032 | 0.42% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV - MAIN STR NAT GA 5% MT | GA.MAIUTL 12.01.2054 | 0.42% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.04825 | Aug 1, 2025 |
| Jun 30, 2025 | $0.04593 | Jul 1, 2025 |
| May 30, 2025 | $0.0461 | Jun 2, 2025 |
| Apr 30, 2025 | $0.04423 | May 1, 2025 |
| Mar 31, 2025 | $0.04571 | Apr 1, 2025 |
| Feb 28, 2025 | $0.04097 | Mar 3, 2025 |