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FMBHX

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1d
1w
1m

Analysis and statistics

  • Open
    10.115$
  • Previous Close
    10.115$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

FMBHX.US represents the Fidelity® Municipal Bond Index Fund, a mutual fund designed to track the performance of the broad investment-grade U.S. municipal bond market. It aims to replicate the Bloomberg Municipal Bond Index by investing in a diversified portfolio of tax-exempt municipal securities, providing investors with exposure to state and local government debt obligations. This fund is passively managed, meaning its investment strategy seeks to match the index's composition rather than outperform it, typically resulting in lower expense ratios compared to actively managed municipal bond funds.
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Factors

[Interest Rates]: Rising interest rates generally decrease bond prices as newly issued bonds offer higher yields, making existing bonds less attractive.

[Inflation]: Higher inflation erodes the purchasing power of future fixed income payments, leading to a decline in bond prices to compensate investors.

[Credit Risk]: Increased perceived creditworthiness of the bond issuer will raise the price of its bonds; deterioration in creditworthiness will lower the price.

[Economic Growth]: Stronger economic growth can lead to expectations of higher inflation and interest rates, which can put downward pressure on bond prices.

[Supply and Demand]: An increase in bond supply will typically lower prices while increased demand will raise prices.

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