C000125570 Performance — Fidelity Municipal Income 2023 Fund
Data updated: 2023-09-12
C000125570 returned +1.05% over one year to Jun 2023. The annualised 3-year return is +0.60%. The fund trailed its Target-Date category average: $100 invested three years ago grew to $102, against $121 for the category, and to $101 over one year, against $110. Volatility over the past three years was 1.07% a year. In the 12 months to Jun 2023 the fund lost a net $30.4M, and assets reached $27.98M.
C000125570 Growth of $100
What $100 invested in Fidelity Municipal Income 2023 Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Target-Date category average over the same months.
| Period | C000125570 | Category average |
|---|---|---|
| 1 year (Jul 2022 – Jun 2023) | $101 | $110 |
| 3 years (Jul 2020 – Jun 2023) | $102 | $121 |
| Since data start (Jul 2019 – Jun 2023) | $105 | $125 |
C000125570 Trailing Returns
Total returns to Jun 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +1.05% |
| 3 years (annualised) | +0.60% |
C000125570 Annual Returns
Calendar-year total returns of Fidelity Municipal Income 2023 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–Jun) | +0.69% |
| 2022 | −0.90% |
| 2021 | +0.51% |
| 2020 | +2.72% |
| 2019 (Jul–Dec) | +1.43% |
C000125570 Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | +0.4% | −0.2% | +0.4% | −0.2% | 0.0% | +0.4% | — | — | — | — | — | — |
| 2022 | −0.7% | −0.2% | −0.7% | −0.3% | +0.5% | 0.0% | +0.2% | −0.4% | −0.3% | +0.2% | +0.5% | 0.0% |
| 2021 | +0.3% | −0.3% | +0.2% | +0.1% | +0.1% | 0.0% | +0.1% | 0.0% | −0.2% | −0.1% | 0.0% | 0.0% |
| 2020 | +0.9% | +0.4% | −2.2% | −0.4% | +1.9% | +0.6% | +0.7% | +0.2% | +0.1% | −0.1% | +0.3% | +0.2% |
| 2019 | — | — | — | — | — | — | +0.9% | +0.4% | −0.6% | +0.4% | +0.2% | +0.3% |
C000125570 Risk
Risk measures from monthly returns over Jul 2020 – Jun 2023.
- 3-year volatility (annualised): 1.07%
- 3-year Sharpe ratio: -3.64 (vs 4.5% risk-free rate)
- Best month: +0.74% (Jul 2020)
- Worst month: −0.66% (Mar 2022)
C000125570 Fund Flows
Monthly money in and out of Fidelity Municipal Income 2023 Fund, from SEC Form N-PORT.
- 12-month net flow: −$30.4M
- 12-month gross sales (incl. reinvestments): $562K
- Sales ÷ redemptions: 0.02×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2023 | $32K | $740K | −$707K |
| May 2023 | $31K | $677K | −$646K |
| Apr 2023 | $31K | $234K | −$203K |
| Mar 2023 | $27K | $1.2M | −$1.1M |
| Feb 2023 | $40K | $742K | −$702K |
| Jan 2023 | $48K | $14.5M | −$14.4M |
| Dec 2022 | $51K | $5.0M | −$4.9M |
| Nov 2022 | $53K | $1.5M | −$1.4M |
| Oct 2022 | $51K | $2.4M | −$2.4M |
| Sep 2022 | $55K | $2.2M | −$2.1M |
| Aug 2022 | $55K | $1.2M | −$1.2M |
| Jul 2022 | $86K | $659K | −$573K |
C000125570 Assets Under Management
Net assets of Fidelity Municipal Income 2023 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-06-30 | $27.98M |
| 2023-03-31 | $29.68M |
| 2022-12-31 | $45.84M |
| 2022-09-30 | $54.31M |
| 2022-06-30 | $58.63M |
| 2022-03-31 | $57.46M |
| 2021-12-31 | $43.14M |
| 2021-09-30 | $45.62M |
| 2021-06-30 | $45.36M |
| 2021-03-31 | $45.92M |
| 2020-12-31 | $38.78M |
| 2020-09-30 | $37.43M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.