FMNFX Performance — Fidelity Conservative Income Municipal Bond Fund, Class A
Data updated: 2026-08-24
FMNFX returned +1.16% year to date and +2.66% over one year to Jun 2026. Over one year the fund trailed its Ultrashort Municipal Bond category average: $100 grew to $103, against $103 for the category. Volatility over the past 12 months was 0.42% a year. In the 12 months to Jun 2026 the fund took in a net $48.0M, and assets reached $1.71B.
FMNFX Growth of $100
What $100 invested in Fidelity Conservative Income Municipal Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Ultrashort Municipal Bond category average over the same months.
| Period | FMNFX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $103 | $103 |
| 3 years (Jul 2023 – Jun 2026) | $81 | $109 |
| Since data start (Jun 2023 – Jun 2026) | $80 | $110 |
FMNFX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.16% |
| 1 year | +2.66% |
3- and 5-year figures withheld: returns differ from sibling classes.
FMNFX Annual Returns
Calendar-year total returns of Fidelity Conservative Income Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.16% |
| 2025 | +0.04% |
| 2024 | −14.00% |
| 2023 (Jun–Dec) | −7.92% |
FMNFX 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 | +0.3% | +0.3% | −0.1% | +0.2% | +0.2% | +0.2% | — | — | — | — | — | — |
| 2025 | −1.1% | −1.3% | +0.1% | +0.2% | +0.3% | +0.3% | +0.3% | +0.3% | +0.1% | +0.1% | +0.2% | +0.4% |
| 2024 | −1.3% | −1.4% | −1.3% | −1.4% | −1.2% | −1.1% | −1.1% | −1.0% | −1.2% | −1.4% | −1.2% | −1.4% |
| 2023 | — | — | — | — | — | −1.2% | −1.3% | −1.2% | −1.5% | −1.2% | −0.8% | −1.0% |
FMNFX Risk
Risk measures from monthly returns over Jul 2025 – Jun 2026.
- 1-year volatility (annualised): 0.42%
- Best month: +0.35% (Dec 2025)
- Worst month: −0.09% (Mar 2026)
FMNFX Fund Flows
Monthly money in and out of Fidelity Conservative Income Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $48.0M
- 12-month gross sales (incl. reinvestments): $908.1M
- Sales ÷ redemptions: 1.06×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $52.8M | $62.4M | −$9.6M |
| May 2026 | $94.2M | $42.1M | $52.1M |
| Apr 2026 | $47.5M | $83.5M | −$36.0M |
| Mar 2026 | $61.4M | $56.7M | $4.7M |
| Feb 2026 | $47.6M | $191.9M | −$144.4M |
| Jan 2026 | $68.1M | $68.8M | −$653K |
| Dec 2025 | $85.3M | $43.2M | $42.1M |
| Nov 2025 | $57.6M | $93.7M | −$36.1M |
| Oct 2025 | $78.4M | $58.6M | $19.8M |
| Sep 2025 | $198.4M | $42.5M | $155.9M |
| Aug 2025 | $57.9M | $66.7M | −$8.9M |
| Jul 2025 | $59.1M | $50.0M | $9.1M |
FMNFX Assets Under Management
Net assets of Fidelity Conservative Income Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.71B |
| 2026-03-31 | $1.71B |
| 2025-12-31 | $1.85B |
| 2025-09-30 | $1.82B |
| 2025-06-30 | $1.67B |
| 2025-03-31 | $1.54B |
| 2024-12-31 | $1.54B |
| 2024-09-30 | $1.46B |
| 2024-06-30 | $1.50B |
| 2024-03-31 | $1.48B |
| 2023-12-31 | $2.58B |
| 2023-09-30 | $2.48B |
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.