Fidelity Flex Municipal Income Fund (FUENX)
| Fund Assets | 1.18B |
| Expense Ratio | 0.00% |
| Min. Investment | $0.00 |
| Turnover | 10.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.24% |
| Dividend Growth | 10.62% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 9.89 |
| YTD Return | 0.11% |
| 1-Year Return | 3.85% |
| 5-Year Return | 6.30% |
| 52-Week Low | 9.41 |
| 52-Week High | 10.10 |
| Beta (5Y) | 0.28 |
| Holdings | 1160 |
| Inception Date | Oct 12, 2017 |
About FUENX
Fidelity Flex Municipal Income Fund is an open-end municipal bond mutual fund focused on delivering a high level of current income that is exempt from federal income tax. The strategy normally invests at least 80% of assets in investment‑grade municipal securities and is managed to maintain overall interest rate risk similar to the Bloomberg Municipal Bond Index, positioning it within the Muni National Long category. The portfolio spans a broad set of issuers and sectors tied to public finance—such as state general obligations, transportation authorities, utilities, healthcare systems, and essential-service revenue bonds—providing diversified exposure across maturities. The fund features a low turnover approach and a no‑load, Flex share structure that has historically carried a zero stated expense ratio, supporting cost efficiency. With hundreds of holdings and effective duration in the intermediate-to-long range, it aims to balance tax-exempt income with measured interest rate sensitivity. Regular monthly distributions underscore its income focus, and the fund’s scale and breadth reflect a role as a core municipal allocation for tax‑aware investors seeking federally tax‑exempt bond income.
Performance
FUENX had a total return of 3.85% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.22%.
Top 10 Holdings
16.47% of assets| Name | Symbol | Weight |
|---|---|---|
| Fidelity Municipal Cash Central | n/a | 9.65% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5% | AL.SEEPWR 5 10.01.2030 | 1.29% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% | GA.MAIUTL 07.01.2052 | 1.03% |
| CUYAHOGA CNTY OHIO SALES TAX REV 4% | OH.CUYGEN 4 01.01.2035 | 0.72% |
| CHICAGO ILL 5% | IL.CHI 5 01.01.2032 | 0.69% |
| PENNSYLVANIA ST TPK COMMN TPK REV 5% | PA.PASTRN 5 12.01.2044 | 0.68% |
| YOUNGSTOWN ST UNIV OHIO GEN RCPTS 5% | OH.YOUHGR 5 12.15.2045 | 0.65% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5% | AL.BBEUTL 12.01.2055 | 0.61% |
| TENNESSEE ENERGY ACQUISITION CORP GAS REV 5% | TN.TNSUTL 5 12.01.2035 | 0.57% |
| MARICOPA CNTY ARIZ INDL DEV AUTH MULTI FAMILY HSG REV 2.81% | AZ.MARMFH 05.01.2048 | 0.57% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.02821 | Apr 1, 2026 |
| Feb 27, 2026 | $0.02584 | Mar 2, 2026 |
| Jan 30, 2026 | $0.02657 | Feb 2, 2026 |
| Dec 31, 2025 | $0.02797 | Jan 2, 2026 |
| Dec 5, 2025 | $0.001 | Dec 8, 2025 |
| Nov 30, 2025 | $0.02718 | Dec 1, 2025 |