Fidelity SAI Conservative Inc Muncpl Bd
FSMJX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Boston, MA 02109 Boston MA United States of America 02109
- IPO Date
- Jun 3, 2024
- CIK
- 0000035315
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity SAI Conservative Income Municipal Bond Fund (FSMJX) is an open-end mutual fund managed by Fidelity Investments that seeks a high level of current income exempt from federal income tax through investment primarily in municipal bonds and notes. The fund invests at least 80% of its assets in investment-grade municipal debt securities issued by U.S. states, territories, and political subdivisions; variable and floating-rate municipal securities; and municipal money market securities, with a focus on conservative strategies to limit credit risk and duration exposure. It offers share classes including Institutional Premium Class (FSMJX), with an emphasis on high-quality, short- to intermediate-term obligations to provide tax-free income while preserving capital. Fidelity Investments, founded in 1946 and headquartered in Boston, Massachusetts, serves as the fund's investment manager, overseeing a broad range of fixed-income products targeting individual and institutional investors seeking tax-advantaged income. The fund operates within the municipal bond segment of the asset management industry, catering to conservative investors such as retirees and tax-sensitive high-net-worth individuals across the United States. Geographically, it focuses on domestic municipal issuers nationwide, with no international exposure. Recent developments include ongoing portfolio adjustments amid rising interest rates and municipal market volatility in 2024-2025, with the fund maintaining its conservative profile by emphasizing securities with average durations under five years and high credit ratings (primarily A or better). In late 2024, Fidelity enhanced its municipal bond offerings through strategic integrations within its SAI (Strategic Advisers) platform, incorporating advanced risk analytics for better yield optimization without increasing volatility. No major acquisitions, partnerships, or name changes have been reported for FSMJX specifically within the last two years, reflecting stability in its core mandate under Fidelity's management.