Fidelity SAI Conservative Inc Muncpl Bd

Frequently Asked Questions About FSMJX

What does FSMJX invest in?

This fund typically allocates a minimum of 80% of its total assets to U.S. dollar-denominated municipal money market instruments and premium investment-grade municipal bonds. A primary characteristic of these holdings is that their interest income is exempt from federal taxation. Additionally, the portfolio has the discretion to invest up to 10% of its assets in investment-grade securities that possess a slightly lower credit quality.

What is the expense ratio of FSMJX?

Fidelity SAI Conservative Inc Muncpl Bd (FSMJX) charges an expense ratio of 0.20%. This is the annual fee deducted from fund assets to cover management and operations.

What is FSMJX's dividend yield?

FSMJX's trailing-twelve-month yield is 2.90%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of FSMJX?

Effective duration measures FSMJX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FSMJX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of FSMJX?

FSMJX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of FSMJX?

Yield to maturity (YTM) is the total return you'd earn from FSMJX if every bond in the portfolio is held to maturity at the current price. FSMJX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.