Fidelity SAI Municipal Income Fund
FSMNX
NASDAQ
Rating
Reward
Risk
Fund Information
Fund Type
Category
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Inception Date
Open/Closed to New Investors
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Cash
Stock
U.S. Stock
Non U.S. Stock
Bond
U.S. Bond
Non-U.S. Bond
Preferred
Convertible
Other
Services Offered
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Company Information
Provider
Fidelity Investments
Manager/Tenure
(Years)
(Years)
Cormac Cullen (6), Elizah McLaughlin (6), Michael Maka (5)
Address
Fidelity Investments
Boston MA - 2109
Boston MA - 2109
Country
United States
Phone Number
617-563-7000
Investment Strategy
The investment seeks to provide a high current yield exempt from federal income tax. The fund invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal income tax. The advisor manages the fund to have similar overall interest rate risk to an index designed to represent Fidelity Management & Research Company (FMR)'s view of how the fund's competitive universe will perform over time. The fund potentially invests more than 25% of total assets in municipal securities that finance similar types of projects.