Fidelity Conservative Income Municipal Bond Fund (FCRDX)
Fidelity Conservative Income Municipal Bond Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $10.00, up 0.00% on the session, giving a market capitalisation of $2.49B. Its beta of 0.10 implies it has historically moved less than the broad market.
This fund generally dedicates a minimum of 80% of its total assets to U.S. dollar-based municipal money market instruments and top-tier, investment-grade municipal bonds. A significant advantage of these holdings is that the income generated from their interest is free from federal income tax. Furthermore, the fund is permitted to invest a maximum of 10% of its capital in investment-grade securities that possess a relatively lower credit quality.
Fidelity Conservative Income Municipal Bond Fund is most often compared with the following Financial Services names: