FASWX Performance — Fidelity SAI Sustainable Municipal Income Fund
Data updated: 2026-09-23
FASWX returned +0.13% year to date and +5.44% over one year to Jul 2026. The annualised 3-year return is +3.58%. Against its Long-Term Municipal Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $111, against $110 for the category, and to $105 over one year, against $106. Volatility over the past three years was 6.37% a year. In the 12 months to Jul 2026 the fund took in a net $44.7M, and assets reached $97.28M.
FASWX Growth of $100
What $100 invested in Fidelity SAI Sustainable Municipal Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | FASWX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $105 | $106 |
| 3 years (Aug 2023 – Jul 2026) | $111 | $110 |
| Since data start (May 2022 – Jul 2026) | $115 | $111 |
FASWX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.13% |
| 1 year | +5.44% |
| 3 years (annualised) | +3.58% |
FASWX Annual Returns
Calendar-year total returns of Fidelity SAI Sustainable Municipal Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.13% |
| 2025 | +4.65% |
| 2024 | +1.02% |
| 2023 | +8.05% |
| 2022 (May–Dec) | +0.49% |
FASWX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.9% | +1.5% | −2.5% | +1.2% | +0.6% | +0.8% | −2.2% | — | — | — | — | — |
| 2025 | +0.4% | +1.1% | −2.0% | −0.4% | −0.1% | +0.8% | −0.3% | +0.9% | +2.6% | +1.4% | +0.3% | +0.1% |
| 2024 | −0.4% | +0.1% | −0.2% | −1.4% | −0.6% | +2.0% | +1.0% | +1.0% | +1.1% | −1.7% | +1.8% | −1.6% |
| 2023 | +3.2% | −2.4% | +2.1% | −0.1% | −1.0% | +1.0% | +0.3% | −1.5% | −2.6% | −1.1% | +7.1% | +3.3% |
| 2022 | — | — | — | — | +1.4% | −1.9% | +3.1% | −2.5% | −3.7% | −0.6% | +4.8% | +0.2% |
FASWX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 6.37%
- 3-year Sharpe ratio: -0.14 (vs 4.5% risk-free rate)
- Best month: +7.06% (Nov 2023)
- Worst month: −2.60% (Sep 2023)
FASWX Fund Flows
Monthly money in and out of Fidelity SAI Sustainable Municipal Income Fund, from SEC Form N-PORT.
- 12-month net flow: $44.7M
- 12-month gross sales (incl. reinvestments): $60.0M
- Sales ÷ redemptions: 3.94×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $4.0M | $1.7M | $2.3M |
| Jun 2026 | $8.9M | $2.0M | $6.9M |
| May 2026 | $6.4M | $1.6M | $4.7M |
| Apr 2026 | $5.4M | $753K | $4.6M |
| Mar 2026 | $4.6M | $1.4M | $3.1M |
| Feb 2026 | $4.4M | $3.9M | $457K |
| Jan 2026 | $14.3M | $587K | $13.8M |
| Dec 2025 | $2.9M | $921K | $1.9M |
| Nov 2025 | $3.0M | $629K | $2.4M |
| Oct 2025 | $2.3M | $716K | $1.5M |
| Sep 2025 | $2.2M | $598K | $1.6M |
| Aug 2025 | $1.7M | $385K | $1.3M |
FASWX Assets Under Management
Net assets of Fidelity SAI Sustainable Municipal Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $97.28M |
| 2026-04-30 | $84.98M |
| 2026-01-31 | $77.30M |
| 2025-10-31 | $58.83M |
| 2025-07-31 | $52.18M |
| 2025-04-30 | $43.92M |
| 2025-01-31 | $35.41M |
| 2024-10-31 | $30.56M |
| 2024-07-31 | $26.79M |
| 2024-04-30 | $23.48M |
| 2024-01-31 | $20.17M |
| 2023-10-31 | $13.86M |
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.