FENCX — Fidelity SAI Enhanced Municipal Income Fund
Data updated: 2026-05-26
FENCX — Fidelity SAI Enhanced Municipal Income Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $1.19B AUM · 0.15% expense ratio · 4.8% 1-yr return. From SEC regulatory filings.
FENCX Fund Overview
FENCX — Fidelity SAI Enhanced Municipal Income Fund is a US mutual fund managed by Fidelity Salem Street Trust, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Fidelity Salem Street Trust
- Category: Long Municipal - National Bond
- Assets under management: $1.19B
- 1-year return: 4.8%
- Ticker: FENCX
- SEC CIK: 0000035315
- SEC series ID: S000090604
- Share class ID: C000257876
FENCX Holdings
Top 10 holdings of Fidelity SAI Enhanced Municipal Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Revere Street Trust | 5.04% |
| Vanguard Mun Bd Fd, Inc. | 1.26% |
| Old Name : iShares Ultra Short-Term Bond Active ETF | 0.45% |
| Tennessee Engy Acq Crp Gas Rev | 0.36% |
| California St | 0.33% |
| Main Str Nat Gas, Inc. Ga Gas Supply Rev | 0.32% |
| Kentucky, Inc. Ky Pub Energy Auth Gas Supply Rev | 0.28% |
| Ohio St | 0.28% |
| Broward Cnty Fl Sch Brd Ctfs P | 0.28% |
| California St | 0.27% |
FENCX Portfolio Allocation
Asset-class allocation of Fidelity SAI Enhanced Municipal Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 93.1% |
| Cash & Equivalents | 5.0% |
| Equity | 1.7% |
FENCX Performance
Total returns for FENCX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -0.0% |
| 1 year | 4.8% |
FENCX Risk Information
Risk metrics for FENCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.8%
FENCX Costs and Fees
FENCX costs about $15 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.15%
- Gross expense ratio: 0.30%
- Portfolio turnover: 21%
- Brokerage commissions: 0.55 bps of average net assets (SEC N-CEN)
FENCX Cashflows
Over the 12 months to 2026-03, Fidelity SAI Enhanced Municipal Income Fund had net inflows of $1.16B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | −$377.61K |
| 2026-02 | $72.05M |
| 2026-01 | $149.05M |
| 2025-12 | $104.48M |
| 2025-11 | $143.10M |
| 2025-10 | $192.67M |
FENCX Debt Constituents
Largest debt holdings of Fidelity SAI Enhanced Municipal Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Tennessee Engy Acq Crp Gas Rev | 0.36% |
| California St | 0.33% |
| Main Str Nat Gas, Inc. Ga Gas Supply Rev | 0.32% |
| Kentucky, Inc. Ky Pub Energy Auth Gas Supply Rev | 0.28% |
| Ohio St | 0.28% |
| Broward Cnty Fl Sch Brd Ctfs P | 0.28% |
| California St | 0.27% |
| Southeast Energy Authority A Cooperative District | 0.27% |
| Main Str Nat Gas, Inc. Ga Gas Supply Rev | 0.27% |
| Black Belt Energy Gas Dist Alagas Proj Rev | 0.26% |
FENCX Prospectus and SEC Filings
Official Fidelity SAI Enhanced Municipal Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.