Fidelity SAI Tax-Free Bond (FSAJX)
| Fund Assets | 4.47B |
| Expense Ratio | 0.25% |
| Min. Investment | $0.00 |
| Turnover | 12.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.19% |
| Dividend Growth | 4.73% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.81 |
| YTD Return | -1.03% |
| 1-Year Return | -0.94% |
| 5-Year Return | 2.16% |
| 52-Week Low | 9.56 |
| 52-Week High | 10.26 |
| Beta (5Y) | 0.27 |
| Holdings | 1558 |
| Inception Date | Oct 2, 2018 |
About FSAJX
Fidelity SAI Tax-Free Bond Fund is an open-end municipal bond mutual fund designed to deliver a high level of current income that is exempt from U.S. federal income tax. The fund typically invests at least 80% of assets in investment-grade municipal securities, emphasizing medium- and high-quality issuers across states, revenue sectors, and general obligation structures. Positioned in the Muni National Long category, it targets diversified exposure with moderate interest-rate sensitivity, reflected in a medium/medium profile and an effective duration in the intermediate-to-long range. Notable characteristics include a low expense ratio and monthly distributions, aligning with its income-oriented mandate. With a large, diversified portfolio spanning more than a thousand holdings, the strategy seeks broad sector coverage such as essential services, transportation, housing finance, and state-supported revenue bonds. The fund plays a role in the market as a cost-efficient vehicle for accessing tax-exempt municipal income, appealing to taxable investors seeking federally tax-free cash flows while maintaining an investment-grade risk posture supported by Fidelity’s municipal research platform.
Performance
FSAJX had a total return of -0.94% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.99%.
Top 10 Holdings
13.98% of assets| Name | Symbol | Weight |
|---|---|---|
| Fidelity Revere Str Tr | n/a | 8.60% |
| WISCONSIN ST HEALTH & EDL FACS AUTH REV 0.05% | WI.WISMED 5 10.01.2032 | 0.94% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 0.04% | GA.MAIUTL 07.01.2052 | 0.68% |
| NEW JERSEY ST TPK AUTH TPK REV 0.05% | NJ.NJSTRN 5 01.01.2032 | 0.66% |
| WISCONSIN ST HEALTH & EDL FACS AUTH REV 0.05% | WI.WISMED 5 10.01.2029 | 0.61% |
| WASHINGTON ST HEALTH CARE FACS AUTH REV 0.05% | WA.WASMED 08.15.2055 | 0.54% |
| MASSACHUSETTS ST 0.0525% | MA.MAS 5.25 10.01.2047 | 0.50% |
| CONROE TEX INDPT SCH DIST 0.05% | TX.CONSCD 5 02.15.2045 | 0.49% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 0.05% | AL.SEEPWR 10.01.2055 | 0.48% |
| CENTRAL VY ENERGY AUTH CALIF COMMODITY SUPPLY REV 0.05% | CA.CTVPWR 12.01.2055 | 0.48% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02758 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02617 | Jul 1, 2025 |
| May 30, 2025 | $0.02659 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02658 | May 1, 2025 |
| Mar 31, 2025 | $0.02688 | Apr 1, 2025 |
| Feb 28, 2025 | $0.02404 | Mar 3, 2025 |