FUENX Fees and Costs — Fidelity Flex Municipal Income Fund
Data updated: 2026-08-24
The net expense ratio is 0.00%. There are no sales loads or redemption fees. Portfolio turnover was 10%.
FUENX Fees and Expenses
Annual operating expenses and sales charges of FUENX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.00% |
| Fee waiver | — |
| Net expense ratio | 0.00% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FUENX Costs Over Time
On $10,000 invested in FUENX, assuming 5% a year before costs, total costs come to $0 over 5 years, cutting the return by 0.00% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.00%) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $0 | $0 |
| Total costs | $0 | $0 | $0 |
| Value after costs | $10,500 | $11,576 | $12,763 |
| Impact on return, per year | 0.00% | 0.00% | 0.00% |
FUENX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $357.0M
- Portfolio turnover (prospectus): 10%
- Securities lending: none during the year
FUENX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $52.6M | 19.36% |
| MORGAN STANLEY | $50.5M | 18.60% |
| GOLDMAN SACHS GROUP INC (THE) | $34.5M | 12.71% |
| JPMORGAN CHASE and CO | $31.6M | 11.65% |
| ROYAL BANK OF CANADA | $30.1M | 11.08% |
| WELLS FARGO and CO | $28.3M | 10.43% |
| STIFEL FINANCIAL CORP | $15.0M | 5.53% |
| LOOP CAPITAL MARKETS, LLC | $13.4M | 4.95% |
| PIPER SANDLER COS | $7.8M | 2.88% |
| PNC FINANCIAL SERVICES GRP INC | $7.7M | 2.82% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.