FSAJX Performance — Fidelity SAI Tax-Free Bond Fund
Data updated: 2026-09-23
FSAJX returned +0.48% year to date and +5.45% over one year to Jul 2026. Annualised returns are +3.48% over 3 years and +0.69% over 5 years. 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 5.88% a year. In the 12 months to Jul 2026 the fund took in a net $1.4B, and assets reached $5.92B.
FSAJX Growth of $100
What $100 invested in Fidelity SAI Tax-Free Bond 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 | FSAJX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $105 | $106 |
| 3 years (Aug 2023 – Jul 2026) | $111 | $110 |
| 5 years (Aug 2021 – Jul 2026) | $103 | $101 |
| Since data start (Aug 2019 – Jul 2026) | $112 | $110 |
FSAJX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.48% |
| 1 year | +5.45% |
| 3 years (annualised) | +3.48% |
| 5 years (annualised) | +0.69% |
FSAJX Annual Returns
Calendar-year total returns of Fidelity SAI Tax-Free Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.48% |
| 2025 | +4.14% |
| 2024 | +1.77% |
| 2023 | +7.65% |
| 2022 | −9.33% |
| 2021 | +2.27% |
| 2020 | +3.92% |
| 2019 (Aug–Dec) | +1.42% |
FSAJX 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% | +1.3% | −2.2% | +1.1% | +0.5% | +0.8% | −1.8% | — | — | — | — | — |
| 2025 | +0.5% | +1.0% | −1.8% | −0.7% | −0.2% | +0.8% | −0.2% | +0.9% | +2.4% | +1.2% | +0.2% | +0.2% |
| 2024 | −0.1% | 0.0% | +0.1% | −1.3% | −0.1% | +1.9% | +0.9% | +0.9% | +1.0% | −1.5% | +1.6% | −1.4% |
| 2023 | +3.3% | −2.4% | +2.2% | 0.0% | −0.8% | +0.8% | +0.3% | −1.3% | −2.7% | −1.2% | +6.6% | +2.9% |
| 2022 | −2.9% | −0.6% | −3.3% | −3.0% | +1.5% | −1.8% | +2.9% | −2.4% | −3.9% | −1.1% | +5.3% | −0.1% |
| 2021 | +0.9% | −1.7% | +0.7% | +1.1% | +0.5% | +0.4% | +0.8% | −0.4% | −0.9% | −0.2% | +1.0% | +0.2% |
| 2020 | +1.9% | +1.5% | −6.0% | −2.4% | +3.4% | +1.8% | +2.0% | −0.2% | 0.0% | −0.2% | +1.6% | +0.9% |
| 2019 | — | — | — | — | — | — | — | +1.7% | −0.8% | +0.1% | +0.2% | +0.3% |
FSAJX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 5.88%
- 3-year Sharpe ratio: -0.17 (vs 4.5% risk-free rate)
- Best month: +6.61% (Nov 2023)
- Worst month: −2.74% (Sep 2023)
FSAJX Fund Flows
Monthly money in and out of Fidelity SAI Tax-Free Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $1.4B
- 12-month gross sales (incl. reinvestments): $2.6B
- Sales ÷ redemptions: 2.11×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $29.4M | $216.1M | −$186.8M |
| Jun 2026 | $162.8M | $125.4M | $37.4M |
| May 2026 | $589.5M | $86.5M | $503.0M |
| Apr 2026 | $327.6M | $119.5M | $208.0M |
| Mar 2026 | $151.8M | $240.5M | −$88.7M |
| Feb 2026 | $317.1M | $72.2M | $244.8M |
| Jan 2026 | $304.2M | $67.9M | $236.3M |
| Dec 2025 | $72.6M | $58.7M | $13.9M |
| Nov 2025 | $233.0M | $61.0M | $172.0M |
| Oct 2025 | $283.3M | $71.3M | $212.0M |
| Sep 2025 | $139.9M | $58.0M | $81.9M |
| Aug 2025 | $25.6M | $70.5M | −$44.9M |
FSAJX Assets Under Management
Net assets of Fidelity SAI Tax-Free Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $5.92B |
| 2026-04-30 | $5.65B |
| 2026-01-31 | $5.33B |
| 2025-10-31 | $4.88B |
| 2025-07-31 | $4.47B |
| 2025-04-30 | $3.05B |
| 2025-01-31 | $3.10B |
| 2024-10-31 | $2.80B |
| 2024-07-31 | $2.69B |
| 2024-04-30 | $2.58B |
| 2024-01-31 | $2.53B |
| 2023-10-31 | $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.