Fidelity Flex Municipal Income Fund (FUENX)

Fund Assets	1.33B
Expense Ratio	0.00%
Min. Investment	$0.00
Turnover	10.00%
Dividend (ttm)	0.33
Dividend Yield	3.54%
Dividend Growth	11.48%
Payout Frequency	Monthly
Ex-Dividend Date	Aug 31, 2026

Previous Close	9.50
YTD Return	-2.24%
1-Year Return	-0.46%
5-Year Return	1.82%
52-Week Low	9.45
52-Week High	10.10
Beta (5Y)	0.26
Holdings	1178
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.

• Fund Family: Fidelity
• Category: Gen & Ins Muni
• Performance Rating: Above Average
• Risk Rating: Low
• Stock Exchange: NASDAQ
• Ticker Symbol: FUENX
• Index: Bloomberg Municipal Bond TR

Performance

FUENX had a total return of -0.46% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.83%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VWLTX	Vanguard	Vanguard Long-Term Tax-Exempt Fund	0.17%
VWAHX	Vanguard	Vanguard High-Yield Tax-Exempt Fund	0.17%
SWHYX	Schwab	Schwab Opportunistic Municipal Bond	0.50%

Dividend History

Ex-Dividend	Amount	Pay Date
Aug 31, 2026	$0.02988	Sep 1, 2026
Jul 31, 2026	$0.02963	Aug 3, 2026
Jun 30, 2026	$0.02834	Jul 1, 2026
May 31, 2026	$0.02836	Jun 1, 2026
Apr 30, 2026	$0.0282	May 1, 2026
Mar 31, 2026	$0.02821	Apr 1, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Sep 25, 2026

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