Fidelity SAI Conservative Inc Muncpl Bd

This fund typically allocates a minimum of 80% of its total assets to U.S. dollar-denominated municipal money market instruments and premium investment-grade municipal bonds. A primary characteristic of these holdings is that their interest income is exempt from federal taxation. Additionally, the portfolio has the discretion to invest up to 10% of its assets in investment-grade securities that possess a slightly lower credit quality.