FUEMX — Fidelity Flex Conservative Income Municipal Bond Fund
Data updated: 2026-08-24
FUEMX — Fidelity Flex Conservative Income Municipal Bond Fund. Long Municipal - National Bond · $280.17M AUM. Holdings, fees, performance and SEC filings.
FUEMX Fund Overview
FUEMX — Fidelity Flex Conservative Income Municipal Bond Fund is a US mutual fund managed by Fidelity Municipal 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 Municipal Trust
- Category: Long Municipal - National Bond
- Assets under management: $280.17M
- 1-year return: 3.1%
- Ticker: FUEMX
- SEC CIK: 0000035373
- SEC series ID: S000059246
- Share class ID: C000194468
FUEMX Holdings
Top 10 holdings of Fidelity Flex Conservative Income Municipal Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Port Port Arthur Tx Nav Dist E | 4.28% |
| Kentucky Higher Ed Student Ln Corp. Student Ln Rev | 3.68% |
| St James Parish La Rev | 3.25% |
| Tender Opt Bd Tr Rcpts / Ctfs Var Sts | 2.90% |
| Tender Opt Bd Tr Rcpts / Ctfs Var Sts | 1.78% |
| California Mun Fin Auth Solid Waste Disp Rev | 1.71% |
| Fidelity Revere Street Trust | 1.42% |
| Dallas Fort Worth Tx Intl Arpt | 1.37% |
| Main Str Nat Gas, Inc. Ga Gas Supply Rev | 1.25% |
| Florida Ins Assistance Interlocal Agy Fla Ins Assmt Rev | 1.11% |
FUEMX Portfolio Allocation
Asset-class allocation of Fidelity Flex Conservative Income Municipal Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 98.8% |
| Cash & Equivalents | 1.4% |
FUEMX Performance
Total returns for FUEMX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.4% |
| 1 year | 3.1% |
| 3 years (annualised) | 3.6% |
| 5 years (annualised) | 2.5% |
FUEMX Risk Information
Risk metrics for FUEMX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.4%
FUEMX Costs and Fees
FUEMX costs about $0 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.00%
- Gross expense ratio: 0.00%
- Portfolio turnover: 67%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FUEMX Cashflows
Over the 12 months to 2026-06, Fidelity Flex Conservative Income Municipal Bond Fund had net inflows of $58.77M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $4.11M |
| 2026-05 | $8.21M |
| 2026-04 | $6.37M |
| 2026-03 | $6.72M |
| 2026-02 | $6.82M |
| 2026-01 | $5.77M |
FUEMX Debt Constituents
Largest debt holdings of Fidelity Flex Conservative Income Municipal Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Port Port Arthur Tx Nav Dist E | 4.28% |
| Kentucky Higher Ed Student Ln Corp. Student Ln Rev | 3.68% |
| St James Parish La Rev | 3.25% |
| Tender Opt Bd Tr Rcpts / Ctfs Var Sts | 2.90% |
| Tender Opt Bd Tr Rcpts / Ctfs Var Sts | 1.78% |
| California Mun Fin Auth Solid Waste Disp Rev | 1.71% |
| Dallas Fort Worth Tx Intl Arpt | 1.37% |
| Main Str Nat Gas, Inc. Ga Gas Supply Rev | 1.25% |
| Florida Ins Assistance Interlocal Agy Fla Ins Assmt Rev | 1.11% |
| Poughkeepsie Ny City Sch Dist | 1.08% |
FUEMX Prospectus and SEC Filings
Official Fidelity Flex Conservative Income Municipal Bond 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.