While there's been some change, the team at the helm of Fidelity Tax-Free Bond remains large and experienced. This and the strategy's consistent and distinctive approach and attractive price tag will help it keep an edge over peers, resulting in a Morningstar Analyst Rating of Gold.
Fidelity® Tax-Free Bond FTABX
NAV / 1-Day Return
12.26
/
0.00
Total Assets
4.8 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.250%
Expense Ratio
0.250%
Fee Level
Low
Longest Manager Tenure
5.39
years
Category
Muni National Long
Credit Quality / Interest Rate Sensitivity
Medium / ModerateMin. Initial Investment
25,000
Status
Open
TTM Yield
2.42%
Effective Duration
5.78
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will FTABX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FTABX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FTABX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of FTABX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A strong choice for muni investors.
