- What does FUENX invest in?
- The fund primarily invests at least 80% of its capital in high-quality municipal obligations, whose interest earnings are exempt from federal taxation. Its advisor endeavors to maintain an overall interest rate risk profile comparable to that of the Bloomberg Barclays Municipal Bond Index. The portfolio strategically diversifies holdings across various market sectors and different maturity lengths. It may potentially allocate more than 25% of its total assets to municipal securities that finance similar types of undertakings.
- What is the expense ratio of FUENX?
- Fidelity Flex Municipal Income Fund (FUENX) charges an expense ratio of 0.00%. This is the annual fee deducted from fund assets to cover management and operations.
- What is FUENX's dividend yield?
- FUENX's trailing-twelve-month yield is 3.48%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of FUENX?
- Effective duration measures FUENX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FUENX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of FUENX?
- FUENX'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 FUENX?
- Yield to maturity (YTM) is the total return you'd earn from FUENX if every bond in the portfolio is held to maturity at the current price. FUENX'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.
