Fidelity Tax-Free Bond Fund (FTABX)
The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal income tax. It potentially invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund does not invest in municipal securities whose interest is subject to federal income tax or in municipal securities whose interest is subject to the federal alternative minimum tax.
Fund Info
US3161285032
316128503
Apr 10, 2001
$25,000
Expense Ratio
FTABX has an expense ratio of 0.25%, which is considered low.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
Fidelity Tax-Free Bond Fund (FTABX) returned -1.53% year-to-date (YTD) and 0.39% over the past 12 months. Over the past 10 years, FTABX returned 2.19% annually, underperforming the S&P 500 benchmark at 10.78%.
FTABX
-1.53%
0.94%
-1.57%
0.39%
1.32%
2.19%
^GSPC (Benchmark)
0.19%
9.00%
-1.55%
12.31%
15.59%
10.78%
Monthly Returns
The table below presents the monthly returns of FTABX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.36% | 1.06% | -1.73% | -0.92% | -0.28% | -1.53% | |||||||
| 2024 | 0.06% | 0.15% | -0.27% | -0.96% | -0.20% | 1.48% | 1.15% | 0.45% | 1.40% | -1.45% | 1.37% | -1.12% | 2.02% |
| 2023 | 3.72% | -2.42% | 2.22% | -0.18% | -0.52% | 0.89% | 0.34% | -1.23% | -3.28% | -1.02% | 6.66% | 2.50% | 7.52% |
| 2022 | -2.76% | -0.66% | -3.29% | -3.19% | 1.11% | -1.95% | 2.70% | -2.16% | -3.95% | -1.30% | 5.29% | -0.28% | -10.35% |
| 2021 | 0.95% | -1.69% | 0.80% | 1.11% | 0.62% | 0.44% | 0.77% | -0.37% | -0.86% | -0.21% | 0.93% | -0.13% | 2.34% |
| 2020 | 2.00% | 1.70% | -5.38% | -2.69% | 3.26% | 1.86% | 2.08% | -0.20% | -0.04% | -0.12% | 1.55% | 0.96% | 4.76% |
| 2019 | 0.79% | 0.58% | 1.83% | 0.42% | 1.71% | 0.49% | 0.84% | 1.84% | -0.84% | 0.07% | 0.23% | 0.24% | 8.48% |
| 2018 | -1.39% | -0.56% | -0.00% | -0.20% | 1.24% | -0.18% | 0.51% | 0.17% | -0.64% | -0.81% | 1.25% | 1.33% | 0.68% |
| 2017 | 0.54% | 0.51% | 0.01% | 0.89% | 1.68% | -0.36% | 0.96% | 1.04% | -0.35% | 0.25% | -0.62% | 1.30% | 5.99% |
| 2016 | 1.24% | 0.09% | 0.45% | 0.87% | 0.44% | 2.03% | -0.07% | 0.18% | -0.50% | -1.08% | -4.59% | 0.91% | -0.17% |
| 2015 | 2.00% | -1.17% | 0.37% | -0.65% | -0.56% | -0.15% | 0.82% | 0.04% | 0.81% | 0.47% | 0.54% | 0.69% | 3.22% |
| 2014 | 2.25% | 1.11% | 0.43% | 1.30% | 1.56% | 0.13% | 0.31% | 1.27% | 0.12% | 0.90% | 0.20% | 0.72% | 10.77% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FTABX is 20, meaning it’s performing worse than 80% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Tax-Free Bond Fund (FTABX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Loading data...
Dividends
Dividend History
Fidelity Tax-Free Bond Fund provided a 3.15% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.33 | $0.32 | $0.30 | $0.33 | $0.36 | $0.35 | $0.36 | $0.40 | $0.44 | $0.42 | $0.42 |
Dividend yield | 3.15% | 3.05% | 2.90% | 2.86% | 2.68% | 2.97% | 2.94% | 3.21% | 3.49% | 3.92% | 3.58% | 3.62% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Tax-Free Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2023 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2022 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.33 |
| 2020 | $0.03 | $0.03 | $0.06 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.04 | $0.36 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.35 |
| 2018 | $0.03 | $0.03 | $0.05 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2017 | $0.03 | $0.03 | $0.06 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.03 | $0.40 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.09 | $0.03 | $0.44 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.42 |
| 2014 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.42 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading data...
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Tax-Free Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Tax-Free Bond Fund was 15.78%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Fidelity Tax-Free Bond Fund drawdown is 3.87%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.78% | Aug 4, 2021 | 312 | Oct 25, 2022 | — | — | — |
| -13.05% | Mar 10, 2020 | 9 | Mar 20, 2020 | 179 | Dec 3, 2020 | 188 |
| -11.63% | Sep 12, 2008 | 25 | Oct 16, 2008 | 125 | Apr 17, 2009 | 150 |
| -7.57% | May 3, 2013 | 87 | Sep 5, 2013 | 153 | Apr 15, 2014 | 240 |
| -6.97% | Sep 1, 2010 | 95 | Jan 14, 2011 | 122 | Jul 12, 2011 | 217 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...