FENCX Performance — Fidelity SAI Enhanced Municipal Income Fund
Data updated: 2026-09-11
FENCX returned +2.19% year to date and +6.95% over one year to Jun 2026. Over one year the fund beat its Intermediate Municipal Bond category average: $100 grew to $107, against $106 for the category. Volatility over the past 12 months was 3.67% a year. In the 12 months to Jun 2026 the fund took in a net $1.3B, and assets reached $1.54B.
FENCX Growth of $100
What $100 invested in Fidelity SAI Enhanced Municipal Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | FENCX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $107 | $106 |
| Since data start (Apr 2025 – Jun 2026) | $107 | $106 |
FENCX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.19% |
| 1 year | +6.95% |
FENCX Annual Returns
Calendar-year total returns of Fidelity SAI Enhanced Municipal Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +2.19% |
| 2025 (Apr–Dec) | +4.78% |
FENCX 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 | +0.8% | +1.3% | −2.0% | +1.1% | +0.4% | +0.7% | — | — | — | — | — | — |
| 2025 | — | — | — | −0.5% | −0.1% | +0.7% | −0.2% | +0.8% | +2.4% | +1.1% | +0.3% | +0.1% |
FENCX Risk
Risk measures from monthly returns over Jul 2025 – Jun 2026.
- 1-year volatility (annualised): 3.67%
- Best month: +2.44% (Sep 2025)
- Worst month: −2.03% (Mar 2026)
FENCX Fund Flows
Monthly money in and out of Fidelity SAI Enhanced Municipal Income Fund, from SEC Form N-PORT.
- 12-month net flow: $1.3B
- 12-month gross sales (incl. reinvestments): $1.6B
- Sales ÷ redemptions: 6.05×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $77.5M | $26.8M | $50.7M |
| May 2026 | $153.1M | $26.3M | $126.9M |
| Apr 2026 | $195.2M | $34.7M | $160.6M |
| Mar 2026 | $95.3M | $95.7M | −$378K |
| Feb 2026 | $90.2M | $18.2M | $72.0M |
| Jan 2026 | $163.9M | $14.8M | $149.0M |
| Dec 2025 | $116.0M | $11.5M | $104.5M |
| Nov 2025 | $164.2M | $21.1M | $143.1M |
| Oct 2025 | $200.6M | $7.9M | $192.7M |
| Sep 2025 | $110.3M | $4.1M | $106.2M |
| Aug 2025 | $165.2M | $4.1M | $161.0M |
| Jul 2025 | $84.8M | $2.0M | $82.8M |
FENCX Assets Under Management
Net assets of Fidelity SAI Enhanced Municipal Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.54B |
| 2026-03-31 | $1.19B |
| 2025-12-31 | $979.17M |
| 2025-09-30 | $536.05M |
| 2025-06-30 | $176.11M |
| 2025-03-31 | $24.87M |
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.