FSMNX — Fidelity SAI Municipal Income Fund
Data updated: 2026-08-24
FSMNX — Fidelity SAI Municipal Income Fund. Long Municipal - National Bond · $3.62B AUM · 0.35% expense ratio. Holdings, fees, performance and SEC 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: $3.62B
- 1-year return: 6.9%
- 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 | 3.87% |
| SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE | 1.24% |
| Southeast Energy Authority A Cooperative District | 1.19% |
| Metro Nashvll Arpt Tn | 1.01% |
| Black Belt Energy Gas Dist Alagas Proj Rev | 0.90% |
| Black Belt Energy Gas Dist Alagas Proj Rev | 0.84% |
| Black Belt Energy Gas Dist Alagas Proj Rev | 0.79% |
| New Jersey St Transn Tr Fd Aut | 0.73% |
| Metropolitan Transn Auth Ny Rv | 0.72% |
| Main Street Energy, Inc. | 0.68% |
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 | 96.8% |
| Cash & Equivalents | 3.9% |
FSMNX Performance
Total returns for FSMNX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.2% |
| 1 year | 6.9% |
| 3 years (annualised) | 4.1% |
| 5 years (annualised) | 1.1% |
FSMNX Risk Information
Risk metrics for FSMNX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.0%
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: 10%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FSMNX Cashflows
Over the 12 months to 2026-06, Fidelity SAI Municipal Income Fund had net inflows of $801.07M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $113.65M |
| 2026-05 | $1.74M |
| 2026-04 | −$29.49M |
| 2026-03 | $224.40M |
| 2026-02 | −$32.89M |
| 2026-01 | $59.58M |
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 |
|---|---|
| SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE | 1.24% |
| Southeast Energy Authority A Cooperative District | 1.19% |
| Metro Nashvll Arpt Tn | 1.01% |
| Black Belt Energy Gas Dist Alagas Proj Rev | 0.90% |
| Black Belt Energy Gas Dist Alagas Proj Rev | 0.84% |
| Black Belt Energy Gas Dist Alagas Proj Rev | 0.79% |
| New Jersey St Transn Tr Fd Aut | 0.73% |
| Metropolitan Transn Auth Ny Rv | 0.72% |
| Main Street Energy, Inc. | 0.68% |
| Miami-Dade Cnty Fla Aviat Rev | 0.65% |
FSMNX Prospectus and SEC Filings
Official Fidelity SAI Municipal Income 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.