FSMNX — Fidelity SAI Municipal Income Fund
Data updated: 2026-05-26
FSMNX — Fidelity SAI Municipal Income Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $3.48B AUM · 0.35% expense ratio · 4.4% 1-yr return. From SEC regulatory filings.
FSMNX Fund Overview
FSMNX — Fidelity SAI Municipal Income Fund is a US mutual fund managed by Fidelity Salem Street 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 Salem Street Trust
- Category: Long Municipal - National Bond
- Assets under management: $3.48B
- 1-year return: 4.4%
- Ticker: FSMNX
- SEC CIK: 0000035315
- SEC series ID: S000062002
- Share class ID: C000200824
FSMNX Holdings
Top 10 holdings of Fidelity SAI Municipal Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Revere Street Trust | 7.80% |
| Southeast Energy Authority A Cooperative District | 1.23% |
| Metro Nashvll Arpt Tn | 1.04% |
| Black Belt Energy Gas Dist Alagas Proj Rev | 0.92% |
| New Jersey St Transn Tr Fd Aut | 0.75% |
| Metropolitan Transn Auth Ny Rv | 0.75% |
| Black Belt Energy Gas Dist Alagas Proj Rev | 0.65% |
| New York St Twy Auth St Pers | 0.63% |
| Black Belt Energy Gas Dist Alagas Proj Rev | 0.58% |
| Tennessee Engy Acq Crp Gas Rev | 0.53% |
FSMNX Portfolio Allocation
Asset-class allocation of Fidelity SAI Municipal Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 92.5% |
| Cash & Equivalents | 7.8% |
FSMNX Performance
Total returns for FSMNX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -0.2% |
| 1 year | 4.4% |
| 3 years (annualised) | 3.3% |
| 5 years (annualised) | 1.0% |
FSMNX Risk Information
Risk metrics for FSMNX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.2%
FSMNX Costs and Fees
FSMNX costs about $35 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.35%
- Gross expense ratio: 0.35%
- Portfolio turnover: 16%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FSMNX Cashflows
Over the 12 months to 2026-03, Fidelity SAI Municipal Income Fund had net inflows of $1.16B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | $224.40M |
| 2026-02 | −$32.89M |
| 2026-01 | $59.58M |
| 2025-12 | $248.08M |
| 2025-11 | −$34.70M |
| 2025-10 | −$20.98M |
FSMNX Debt Constituents
Largest debt holdings of Fidelity SAI Municipal Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Southeast Energy Authority A Cooperative District | 1.23% |
| Metro Nashvll Arpt Tn | 1.04% |
| Black Belt Energy Gas Dist Alagas Proj Rev | 0.92% |
| New Jersey St Transn Tr Fd Aut | 0.75% |
| Metropolitan Transn Auth Ny Rv | 0.75% |
| Black Belt Energy Gas Dist Alagas Proj Rev | 0.65% |
| New York St Twy Auth St Pers | 0.63% |
| Black Belt Energy Gas Dist Alagas Proj Rev | 0.58% |
| Tennessee Engy Acq Crp Gas Rev | 0.53% |
| Chandler Az Indl Deve Auth Idr | 0.52% |
FSMNX Prospectus and SEC Filings
Official Fidelity SAI Municipal Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
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.