Fidelity Flex Municipal Income Fund is an open-end municipal bond mutual fund focused on delivering a high level of current income that is exempt from federal income tax. The strategy normally invests at least 80% of assets in investment‑grade municipal securities and is managed to maintain overall interest rate risk similar to the Bloomberg Municipal Bond Index, positioning it within the Muni National Long category. The portfolio spans a broad set of issuers and sectors tied to public finance—such as state general obligations, transportation authorities, utilities, healthcare systems, and essential-service revenue bonds—providing diversified exposure across maturities. The fund features a low turnover approach and a no‑load, Flex share structure that has historically carried a zero stated expense ratio, supporting cost efficiency. With hundreds of holdings and effective duration in the intermediate-to-long range, it aims to balance tax-exempt income with measured interest rate sensitivity. Regular monthly distributions underscore its income focus, and the fund’s scale and breadth reflect a role as a core municipal allocation for tax‑aware investors seeking federally tax‑exempt bond income.
Based on technical indicators and chart patterns, FUENX shows...
Market sentiment analysis indicates...