# Portfolio overlap — FENCX vs FSTFX

Comparing **Fidelity SAI Enhanced Municipal Income Fund** (2026-03-31) and **Fidelity Limited Term Municipal Income Fund** (2026-03-31).

- Shared positions: 53
- Fidelity SAI Enhanced Municipal Income Fund covered by Fidelity Limited Term Municipal Income Fund: 0.09459194247805305812651801064
- Fidelity Limited Term Municipal Income Fund covered by Fidelity SAI Enhanced Municipal Income Fund: 0.09459194247805305812651801064

## Fidelity SAI Enhanced Municipal Income Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Fidelity Municipal Cash Central Fund | 0.050499 | ✓ |
| VANGUARD TAX-EXM | 0.012634 |  |
| ISHARES NATIONAL MUNI BOND ETF ISHARES NATIONAL MUNI BOND E | 0.004480 |  |
| TN TNSUTL 5 11/01/2034 | 0.003603 | ✓ |
| State of California | 0.003260 |  |
| MAIN STR NAT GA 5% MT | 0.003193 | ✓ |
| Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2025A | 0.002836 | ✓ |
| ST OHIO-B-REF | 0.002824 |  |
| BROWARD FL SD C 5% 7/1/2031 | 0.002776 |  |
| CA ST 5.25% 10/1/2051 | 0.002713 |  |
| SOUTHEAST ENERGY-E | 0.002696 | ✓ |
| MAIN STR NAT GA 5% 5/1/2055 MT | 0.002692 |  |
| Black Belt Energy Gas District | 0.002642 |  |
| CALIFORNIA COMMUNITY VAR | 0.002640 | ✓ |
| NYC NY 5.25% 10/1/2051 | 0.002640 |  |
| MAIN STR NAT GA(RCC) 5% 9/1/30MT 53 | 0.002622 |  |
| SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE | 0.002581 |  |
| SLT LAKE U 5% 7/1/2032 @ | 0.002504 |  |
| MINNESOTA ST HSG FIN AGY REGD B/E GNMA/FN 6.00000000 | 0.002496 |  |
| VA ST HSG DEV 4.75% 7/1/2056 | 0.002484 |  |
| Public Energy Auth. of Kentucky Gas Supply Rev. Refg. C | 0.002425 |  |
| AK AKSHSG 6 12/01/2056 | 0.002356 |  |
| California Community Choice Financing Authority, Series B-1 | 0.002328 |  |
| NM MUNI ENERGY ACQ AU | 0.002292 | ✓ |
| BLACK BELT ENERGY GAS DISTRICT (MPT) 5.0% 03-01-55 | 0.002270 |  |
| Black Belt Energy Gas District, Series D-1 | 0.002263 | ✓ |
| California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.002217 |  |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2021 A, Ref. RB | 0.002194 |  |
| COLORADO ED 5.25% 3/1/2056 | 0.002178 |  |
| TEXAS ST REGD V/R B/E 0.00000000 | 0.002176 | ✓ |
| PENNSYLVANIA ST UNIV | 0.002170 |  |
| MEMPHIS TENN LT 5% 12/1/2055 | 0.002154 |  |
| Black Belt Energy Gas District, Series 2025 A | 0.002149 |  |
| Black Belt Energy Gas District, Series D | 0.002148 |  |
| OMAHA NE ARPT AUTH REGD B/E AMT AG 5.25000000 | 0.002060 |  |
| California Community Choice Financing Authority, Series C | 0.002058 | ✓ |
| WISCONSIN ST HLTH   EDUCTNL FA WISMED 08/41 FIXED 4 | 0.001979 |  |
| DALLAS TX 3.25% 2/15/2037 | 0.001967 |  |
| WSTFLD WA SCH 5.25% 7/15/2039 | 0.001952 |  |
| TX TMGUTL 01/01/2054 | 0.001947 |  |
| Black Belt Energy Gas District (The), Series 2023 B, RB | 0.001937 |  |
| NY TRANS FIN AUTH-D-1 | 0.001913 |  |
| ILLINOIS ST HSG DEV AUTH REVENUE | 0.001909 |  |
| STATE OF WASHINGTON | 0.001898 |  |
| SOUTH DAKOTA ST HSG DEV AUTH | 0.001893 |  |
| FLORIDA HSG FIN CORP REVENUE | 0.001892 |  |
| NYC NY 5% 8/1/2033 | 0.001892 |  |
| District of Columbia, Series 2026A | 0.001886 |  |
| GEORGIA ST HSG & FIN AUTH REVE REGD B/E GNMA/FN 6.25000000 | 0.001882 |  |
| NYC TRANSITIONAL-A-1 | 0.001872 |  |

## Fidelity Limited Term Municipal Income Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Fidelity Municipal Cash Central Fund | 0.054522 | ✓ |
| SOUTHEAST ENERGY-E | 0.013502 | ✓ |
| WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE | 0.009282 |  |
| WA ST HLTH CAR 5% 10/1/2035 | 0.007430 | ✓ |
| MTRO WA DC ARPT 5% 10/1/2028 @ | 0.007421 |  |
| NYC NY 5% 8/1/2028 | 0.006804 |  |
| BLACK BELT ENERGY GAS VAR | 0.006642 |  |
| Southeast Energy Authority, Alabama, Revenue Bonds Cooperative District Energy Supply Series 2024C | 0.006628 | ✓ |
| WA ST HLTH CAR 5% MT | 0.006157 |  |
| WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE | 0.006032 |  |
| WA ST HLTH CAR 5% 10/1/2030 | 0.005946 |  |
| MAIN STR NAT GA 4% MT | 0.005921 | ✓ |
| WHITING IN ENVRNMNTL FACS REVE REGD V/R B/E AMT 5.00000000 | 0.005535 |  |
| MAIN STR NAT GA 4% 07/01/2052 MT | 0.005236 | ✓ |
| School District of Broward County, Series 2025A | 0.005073 |  |
| OKLAHOMA CTY OK 3% 7/1/2026 | 0.005015 |  |
| CHICAGO IL BRD OF EDU | 0.004873 |  |
| DFW ARPT 5% 11/1/2050 MT @ | 0.004846 |  |
| California Community Choice Financing Authority | 0.004752 |  |
| WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE | 0.004748 |  |
| NYC NY 5% 8/1/2027 | 0.004699 |  |
| State of New Jersey, Series 2020A | 0.004648 |  |
| NY TRANS CORP 5% 12/1/2026 @ | 0.004642 |  |
| UT CNTY UT HOSP 5% MT | 0.004587 |  |
| MTRO WA DC ARPT 5% 10/1/2026@ | 0.004504 |  |
| NY TRANS CORP 5% 12/1/2027 @ | 0.004471 |  |
| TN TNSUTL 5 11/01/2034 | 0.004459 | ✓ |
| COLORADO ST HLTH FACS AUTH REVENUE | 0.004449 |  |
| TX SANUTL 02/01/2055 | 0.004386 |  |
| PORT NY NJ 5% 12/1/2028 @ | 0.004341 |  |
| KY HSG SFM 6% 7/1/2054 | 0.004284 |  |
| MAIN STR NAT GA 5% MT | 0.004283 | ✓ |
| LOVE FLD MOD TX 5% 11/1/2029 @ | 0.004283 |  |
| MINNEAPOLS MN 5% MT | 0.004278 |  |
| NYC NY 5% 8/1/2028 | 0.004170 |  |
| TARRANT TX EDFC 5% MT | 0.004056 |  |
| LOVE FLD MOD TX 5% 11/1/2028 @ | 0.004024 |  |
| OHIO HOUSING FINANCE AGENCY FNMA/GNMA/FHLMC 3.25% 03-01-51 | 0.003872 |  |
| NJ ST TRANSN TR FD | 0.003810 |  |
| MAIN STR NAT GA 5% MT | 0.003784 | ✓ |
| NE CENPWR 08/01/2055 | 0.003738 | ✓ |
| GRAND PKWY TRANSPRTN | 0.003720 | ✓ |
| CALIFORNIA COMMUNITY VAR | 0.003678 | ✓ |
| SAN ANTONIO TX ELEC   GAS REVE SANUTL 12/45 ADJUSTABLE VAR | 0.003660 |  |
| HARRIS TX CED 5% MT | 0.003650 |  |
| New Jersey Transportation Trust Fund Authority | 0.003626 |  |
| SOUTHEAST ENRG 5% MT | 0.003621 | ✓ |
| GEORGIA POWER CO (MPT) 2.9% 08-01-43 | 0.003593 |  |
| MAIN STR NAT GA 5% MT | 0.003548 | ✓ |
| HI ST 5% 10/1/2026 | 0.003463 |  |


## Sources

- N-PORT (fund A) — accession `0000035402-26-003418` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/35315/000003540226003418/0000035402-26-003418-index.htm>
- N-PORT (fund B) — accession `0000035402-26-003413` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/35373/000003540226003413/0000035402-26-003413-index.htm>

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