FTABX Performance — Fidelity Tax-Free Bond Fund
Data updated: 2026-09-23
FTABX returned +0.26% year to date and +5.45% over one year to Jul 2026. Annualised returns are +3.39% over 3 years and +0.53% 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 5.97% a year. In the 12 months to Jul 2026 the fund took in a net $420.3M, and assets reached $3.82B.
FTABX Growth of $100
What $100 invested in Fidelity 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 | FTABX | 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) | $113 | $110 |
FTABX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.26% |
| 1 year | +5.45% |
| 3 years (annualised) | +3.39% |
| 5 years (annualised) | +0.53% |
FTABX Annual Returns
Calendar-year total returns of Fidelity Tax-Free Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.26% |
| 2025 | +4.50% |
| 2024 | +1.79% |
| 2023 | +7.51% |
| 2022 | −10.11% |
| 2021 | +2.61% |
| 2020 | +5.01% |
| 2019 (Aug–Dec) | +1.62% |
FTABX 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 | +0.8% | +1.4% | −2.4% | +1.1% | +0.5% | +0.8% | −2.0% | — | — | — | — | — |
| 2025 | +0.4% | +1.1% | −1.7% | −0.7% | −0.2% | +0.8% | −0.3% | +0.8% | +2.6% | +1.3% | +0.3% | +0.1% |
| 2024 | −0.2% | +0.1% | 0.0% | −1.2% | −0.2% | +1.7% | +0.9% | +0.7% | +1.1% | −1.5% | +1.6% | −1.4% |
| 2023 | +3.5% | −2.4% | +2.2% | +0.1% | −0.8% | +0.9% | +0.3% | −1.2% | −3.0% | −1.3% | +6.7% | +2.8% |
| 2022 | −2.8% | −0.7% | −3.3% | −3.0% | +0.9% | −2.0% | +2.9% | −2.4% | −4.0% | −1.3% | +5.3% | 0.0% |
| 2021 | +0.9% | −1.7% | +0.8% | +1.1% | +0.6% | +0.4% | +0.8% | −0.4% | −0.9% | −0.2% | +0.9% | +0.1% |
| 2020 | +2.0% | +1.7% | −5.3% | −2.7% | +3.2% | +1.9% | +2.1% | −0.2% | 0.0% | −0.1% | +1.6% | +1.1% |
| 2019 | — | — | — | — | — | — | — | +1.8% | −0.9% | +0.1% | +0.2% | +0.3% |
FTABX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 5.97%
- 3-year Sharpe ratio: -0.19 (vs 4.5% risk-free rate)
- Best month: +6.66% (Nov 2023)
- Worst month: −3.03% (Sep 2023)
FTABX Fund Flows
Monthly money in and out of Fidelity Tax-Free Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $420.3M
- 12-month gross sales (incl. reinvestments): $1.1B
- Sales ÷ redemptions: 1.58×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $77.0M | $68.6M | $8.4M |
| Jun 2026 | $81.5M | $49.0M | $32.4M |
| May 2026 | $103.0M | $66.8M | $36.3M |
| Apr 2026 | $82.5M | $61.4M | $21.2M |
| Mar 2026 | $84.9M | $83.4M | $1.5M |
| Feb 2026 | $113.7M | $35.0M | $78.6M |
| Jan 2026 | $121.7M | $48.5M | $73.2M |
| Dec 2025 | $112.9M | $63.0M | $49.8M |
| Nov 2025 | $85.0M | $31.5M | $53.5M |
| Oct 2025 | $80.1M | $42.1M | $38.0M |
| Sep 2025 | $129.0M | $41.2M | $87.8M |
| Aug 2025 | $75.4M | $135.8M | −$60.4M |
FTABX Assets Under Management
Net assets of Fidelity Tax-Free Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $3.82B |
| 2026-04-30 | $3.80B |
| 2026-01-31 | $3.73B |
| 2025-10-31 | $3.54B |
| 2025-07-31 | $3.34B |
| 2025-04-30 | $3.33B |
| 2025-01-31 | $3.43B |
| 2024-10-31 | $3.43B |
| 2024-07-31 | $3.41B |
| 2024-04-30 | $3.32B |
| 2024-01-31 | $3.20B |
| 2023-10-31 | $2.75B |
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.