Fidelity Flex Municipal Income Fund (FUENX)
Fidelity Flex Municipal Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $9.88, up 0.10% on the session, giving a market capitalisation of $1.31B. Its beta of 0.94 implies it has historically moved less than the broad market.
The fund primarily invests at least 80% of its capital in high-quality municipal obligations, whose interest earnings are exempt from federal taxation. Its advisor endeavors to maintain an overall interest rate risk profile comparable to that of the Bloomberg Barclays Municipal Bond Index. The portfolio strategically diversifies holdings across various market sectors and different maturity lengths. It may potentially allocate more than 25% of its total assets to municipal securities that finance similar types of undertakings.
Fidelity Flex Municipal Income Fund is most often compared with the following Financial Services names: