Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX)
The fund normally invests at least 80% of its assets in U.S. dollar-denominated municipal money market securities and high quality investment-grade municipal debt securities whose interest is exempt from federal income tax. It invests up to 10% of assets in lower quality investment-grade securities.
Fund Info
| ISIN | US3162038190 |
|---|---|
| CUSIP | 316203819 |
| Issuer | Fidelity |
| Inception Date | Oct 12, 2017 |
| Category | Municipal Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
FUEMX has an expense ratio of 0.00%, indicating no management fees are charged.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: FUEMX vs. FUENX, FUEMX vs. SCMBX, FUEMX vs. FBND, FUEMX vs. FIPDX, FUEMX vs. FSKAX, FUEMX vs. FXAIX, FUEMX vs. ITOT, FUEMX vs. MUB, FUEMX vs. SHV, FUEMX vs. FTABX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Flex Conservative Income Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Flex Conservative Income Municipal Bond Fund had a return of 3.37% year-to-date (YTD) and 4.19% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.37% | 25.48% |
| 1 month | 0.20% | 2.14% |
| 6 months | 2.09% | 12.76% |
| 1 year | 4.19% | 33.14% |
| 5 years (annualized) | 1.92% | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of FUEMX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.48% | 0.27% | -0.10% | 0.50% | 0.20% | 0.49% | 0.59% | 0.10% | 0.69% | 0.10% | 3.37% | ||
| 2023 | 0.73% | -0.08% | 0.55% | -0.20% | 0.40% | 0.37% | 0.27% | 0.29% | -0.20% | 0.59% | 0.79% | 0.20% | 3.77% |
| 2022 | -0.27% | -0.07% | -0.25% | -0.20% | 0.42% | -0.02% | 0.20% | -0.09% | -0.17% | 0.17% | 0.56% | -0.00% | 0.29% |
| 2021 | 0.16% | -0.05% | 0.06% | 0.16% | 0.05% | 0.05% | 0.04% | 0.04% | -0.06% | -0.06% | 0.03% | 0.03% | 0.45% |
| 2020 | 0.23% | 0.23% | -0.60% | -0.17% | 0.61% | 0.40% | 0.20% | 0.19% | 0.08% | -0.02% | 0.17% | 0.07% | 1.40% |
| 2019 | 0.27% | 0.26% | 0.28% | 0.08% | 0.27% | 0.27% | 0.26% | 0.26% | -0.05% | 0.15% | 0.24% | 0.15% | 2.47% |
| 2018 | 0.13% | 0.21% | 0.03% | 0.04% | 0.14% | 0.10% | 0.37% | 0.06% | 0.05% | 0.07% | 0.27% | 0.82% | 2.32% |
| 2017 | 0.00% | -0.10% | 0.12% | 0.02% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FUEMX is 97, placing it in the top 3% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Flex Conservative Income Municipal Bond Fund provided a 3.49% dividend yield over the last twelve months, with an annual payout of $0.35 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.32 | $0.12 | $0.06 | $0.13 | $0.19 | $0.23 | $0.02 |
Dividend yield | 3.49% | 3.16% | 1.21% | 0.55% | 1.28% | 1.93% | 2.29% | 0.22% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Flex Conservative Income Municipal 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.29 | |
| 2023 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.12 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 |
| 2020 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.19 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.07 | $0.23 |
| 2017 | $0.01 | $0.01 | $0.02 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Flex Conservative Income Municipal 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 Flex Conservative Income Municipal Bond Fund was 1.99%, occurring on Mar 20, 2020. Recovery took 65 trading sessions.
The current Fidelity Flex Conservative Income Municipal Bond Fund drawdown is 0.00%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -1.99% | Mar 10, 2020 | 9 | Mar 20, 2020 | 65 | Jun 23, 2020 | 74 |
| -0.85% | Sep 22, 2021 | 145 | Apr 19, 2022 | 156 | Nov 28, 2022 | 301 |
| -0.4% | Feb 6, 2023 | 11 | Feb 21, 2023 | 13 | Mar 10, 2023 | 24 |
| -0.3% | May 10, 2023 | 10 | May 23, 2023 | 5 | May 31, 2023 | 15 |
| -0.3% | Sep 5, 2019 | 8 | Sep 16, 2019 | 14 | Oct 4, 2019 | 22 |
Volatility
Volatility Chart
The current Fidelity Flex Conservative Income Municipal Bond Fund volatility is 0.41%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.