FSMJX Performance — Fidelity SAI Conservative Income Municipal Bond Fund
Data updated: 2026-09-23
FSMJX returned +1.44% year to date and +2.75% over one year to Jul 2026. Over one year the fund beat its Ultrashort Municipal Bond category average: $100 grew to $103, against $103 for the category. Volatility over the past 12 months was 0.36% a year. In the 12 months to Jul 2026 the fund lost a net $53.8M, and assets reached $1.59B.
FSMJX Growth of $100
What $100 invested in Fidelity SAI 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 | FSMJX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $103 | $103 |
| Since data start (Dec 2023 – Jul 2026) | $109 | $108 |
FSMJX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.44% |
| 1 year | +2.75% |
| 3 years (annualised) | +3.24% |
FSMJX Annual Returns
Calendar-year total returns of Fidelity SAI Conservative Income Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.44% |
| 2025 | +3.27% |
| 2024 | +3.30% |
| 2023 (Dec–Dec) | +0.62% |
FSMJX 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% | 0.0% | +0.3% | +0.2% | +0.2% | +0.1% | — | — | — | — | — |
| 2025 | +0.3% | +0.3% | +0.2% | +0.1% | +0.4% | +0.3% | +0.3% | +0.4% | +0.2% | +0.1% | +0.2% | +0.3% |
| 2024 | +0.2% | +0.2% | +0.2% | +0.2% | +0.2% | +0.5% | +0.5% | +0.5% | +0.3% | +0.1% | +0.4% | +0.1% |
| 2023 | — | — | — | — | — | — | — | — | — | — | — | +0.6% |
FSMJX Risk
Risk measures from monthly returns over Aug 2025 – Jul 2026.
- 1-year volatility (annualised): 0.36%
- Best month: +0.35% (Aug 2025)
- Worst month: −0.04% (Mar 2026)
FSMJX Fund Flows
Monthly money in and out of Fidelity SAI Conservative Income Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: −$53.8M
- 12-month gross sales (incl. reinvestments): $813.3M
- Sales ÷ redemptions: 0.94×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $126.8M | $42.3M | $84.5M |
| Jun 2026 | $76.4M | $50.4M | $26.0M |
| May 2026 | $76.8M | $46.5M | $30.3M |
| Apr 2026 | $67.2M | $67.2M | $28K |
| Mar 2026 | $63.4M | $130.9M | −$67.4M |
| Feb 2026 | $58.0M | $72.2M | −$14.2M |
| Jan 2026 | $80.4M | $79.2M | $1.2M |
| Dec 2025 | $70.5M | $64.9M | $5.6M |
| Nov 2025 | $47.0M | $89.5M | −$42.5M |
| Oct 2025 | $55.7M | $87.7M | −$32.0M |
| Sep 2025 | $44.1M | $80.9M | −$36.9M |
| Aug 2025 | $47.0M | $55.4M | −$8.3M |
FSMJX Assets Under Management
Net assets of Fidelity SAI Conservative Income Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $1.59B |
| 2026-04-30 | $1.45B |
| 2026-01-31 | $1.54B |
| 2025-10-31 | $1.57B |
| 2025-07-31 | $1.65B |
| 2025-04-30 | $1.71B |
| 2025-01-31 | $1.56B |
| 2024-10-31 | $1.41B |
| 2024-07-31 | $1.39B |
| 2024-04-30 | $1.31B |
| 2024-01-31 | $1.09B |
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.