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Fidelity Flex Conservative Income Municipal Bond F...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US3162038190

CUSIP

316203819

Issuer

Fidelity

Inception Date

Oct 12, 2017

Min. Investment

$0

Asset Class

Bond

Expense Ratio

FUEMX has an expense ratio of 0.00%, meaning 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.


Performance

Performance Chart


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S&P 500

Returns By Period

Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) returned 1.19% year-to-date (YTD) and 4.00% over the past 12 months.


FUEMX

YTD

1.19%

1M

0.10%

6M

1.57%

1Y

4.00%

3Y*

3.16%

5Y*

2.13%

10Y*

N/A

^GSPC (Benchmark)

YTD

0.51%

1M

6.15%

6M

-2.00%

1Y

12.92%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.36%0.34%0.18%0.20%0.10%1.19%
20240.48%0.27%-0.10%0.50%0.20%0.20%0.88%0.10%0.69%0.10%0.10%0.38%3.86%
20230.73%-0.08%0.55%-0.20%0.40%0.37%0.27%0.29%-0.20%0.59%0.81%0.20%3.78%
2022-0.27%-0.07%-0.25%-0.20%0.43%-0.02%0.20%-0.09%-0.17%0.17%0.56%-0.00%0.29%
20210.16%-0.05%0.06%0.16%0.05%0.05%0.04%0.04%-0.06%-0.06%0.03%0.04%0.46%
20200.23%0.25%-0.60%-0.17%0.61%0.40%0.20%0.19%0.08%-0.02%0.17%0.07%1.42%
20190.27%0.26%0.28%0.08%0.27%0.27%0.26%0.26%-0.05%0.15%0.24%0.18%2.50%
20180.13%0.21%0.03%0.04%0.14%0.10%0.37%0.06%0.05%0.07%0.28%0.82%2.33%
20170.00%-0.10%0.12%0.02%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 98, FUEMX is among the top 2% of 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.


The Risk-Adjusted Performance Rank of FUEMX is 9898
Overall Rank
The Sharpe Ratio Rank of FUEMX is 9797
Sharpe Ratio Rank
The Sortino Ratio Rank of FUEMX is 9898
Sortino Ratio Rank
The Omega Ratio Rank of FUEMX is 9999
Omega Ratio Rank
The Calmar Ratio Rank of FUEMX is 9898
Calmar Ratio Rank
The Martin Ratio Rank of FUEMX is 9898
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Fidelity Flex Conservative Income Municipal Bond Fund Sharpe ratios as of May 31, 2025 (values are recalculated daily):

  • 1-Year: 3.15
  • 5-Year: 2.24
  • All Time: 2.10

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Fidelity Flex Conservative Income Municipal Bond Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Fidelity Flex Conservative Income Municipal Bond Fund provided a 3.42% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 3 consecutive years.


0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%$0.00$0.05$0.10$0.15$0.20$0.25$0.30$0.3520172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017
Dividend$0.34$0.35$0.32$0.12$0.06$0.13$0.20$0.23$0.02

Dividend yield

3.42%3.48%3.17%1.21%0.56%1.30%1.96%2.30%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.03$0.02$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$0.35
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$0.02$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$0.20
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.


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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.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-1.99%Mar 10, 20209Mar 20, 202065Jun 23, 202074
-0.84%Sep 22, 2021145Apr 19, 2022156Nov 28, 2022301
-0.5%Apr 7, 20253Apr 9, 202514Apr 30, 202517
-0.4%Feb 6, 202311Feb 21, 202313Mar 10, 202324
-0.3%May 10, 202310May 23, 20235May 31, 202315
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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