FMNGX — Fidelity Conservative Income Municipal Bond Fund
Data updated: 2026-08-24
FMNGX — Fidelity Conservative Income Municipal Bond Fund. Long Municipal - National Bond · $1.71B AUM. Holdings, fees, performance and SEC filings.
FMNGX Fund Overview
FMNGX — Fidelity Conservative Income Municipal Bond Fund is a US mutual fund managed by Fidelity Municipal 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 Municipal Trust
- Category: Long Municipal - National Bond
- Assets under management: $1.71B
- 1-year return: 2.8%
- Ticker: FMNGX
- SEC CIK: 0000035373
- SEC series ID: S000042537
- Share class ID: C000243074
FMNGX Holdings
Top 10 holdings of Fidelity Conservative Income Municipal Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Port Port Arthur Tx Nav Dist E | 3.60% |
| Kentucky Higher Ed Student Ln Corp. Student Ln Rev | 2.47% |
| St James Parish La Rev | 2.34% |
| Mizuho Floater / Residual Tr Var Sts | 1.48% |
| Tender Opt Bd Tr Rcpts / Ctfs Var Sts | 1.48% |
| Fidelity Revere Street Trust | 1.46% |
| Florida Ins Assistance Interlocal Agy Fla Ins Assmt Rev | 1.45% |
| Port Port Arthur Tx Nav Dist E | 1.32% |
| Meade Cnty Ky Indl Bldg Rev | 1.29% |
| Dallas Fort Worth Tx Intl Arpt | 1.28% |
FMNGX Portfolio Allocation
Asset-class allocation of Fidelity Conservative Income Municipal Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 98.7% |
| Cash & Equivalents | 1.5% |
FMNGX Performance
Total returns for FMNGX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.2% |
| 1 year | 2.8% |
| 3 years (annualised) | 3.3% |
FMNGX Risk Information
Risk metrics for FMNGX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.4%
FMNGX Costs and Fees
FMNGX costs about $25 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.25%
- Gross expense ratio: 0.38%
- Portfolio turnover: 73%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FMNGX Cashflows
Over the 12 months to 2026-06, Fidelity Conservative Income Municipal Bond Fund had net inflows of $47.95M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$9.61M |
| 2026-05 | $52.09M |
| 2026-04 | −$36.04M |
| 2026-03 | $4.67M |
| 2026-02 | −$144.39M |
| 2026-01 | −$652.56K |
FMNGX Debt Constituents
Largest debt holdings of Fidelity Conservative Income Municipal Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Port Port Arthur Tx Nav Dist E | 3.60% |
| Kentucky Higher Ed Student Ln Corp. Student Ln Rev | 2.47% |
| St James Parish La Rev | 2.34% |
| Mizuho Floater / Residual Tr Var Sts | 1.48% |
| Tender Opt Bd Tr Rcpts / Ctfs Var Sts | 1.48% |
| Florida Ins Assistance Interlocal Agy Fla Ins Assmt Rev | 1.45% |
| Port Port Arthur Tx Nav Dist E | 1.32% |
| Meade Cnty Ky Indl Bldg Rev | 1.29% |
| Dallas Fort Worth Tx Intl Arpt | 1.28% |
| Tender Opt Bd Tr Rcpts / Ctfs Var Sts | 1.15% |
FMNGX Prospectus and SEC Filings
Official Fidelity Conservative Income Municipal Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-24
- Prospectus (485BPOS) — filed 2025-02-25
- Prospectus (485BPOS) — filed 2024-02-26
- Portfolio holdings (N-PORT) — filed 2026-08-24
- Portfolio holdings (N-PORT) — filed 2026-05-26
- Portfolio holdings (N-PORT) — filed 2026-02-24
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-14
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.