# Portfolio overlap — FROGX vs FSMNX Comparing **Fidelity Municipal Income Fund** (2026-03-31) and **Fidelity SAI Municipal Income Fund** (2026-03-31). - Shared positions: 733 - Fidelity Municipal Income Fund covered by Fidelity SAI Municipal Income Fund: 0.2393145569618305883283508452 - Fidelity SAI Municipal Income Fund covered by Fidelity Municipal Income Fund: 0.2393145569618305883283508452 ## Fidelity Municipal Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Fidelity Municipal Cash Central Fund | 0.018095 | ✓ | | SOUTHEAST ENERGY-E | 0.014100 | ✓ | | Black Belt Energy Gas District | 0.009911 | ✓ | | MAIN STR NAT GA 5% MT | 0.008049 | | | WA ST 5% 8/1/2037 | 0.007949 | | | NY MTA TRANSP 4% 11/15/2046 | 0.007732 | ✓ | | Southeast Energy Authority, Alabama, Revenue Bonds Cooperative District Energy Supply Series 2024C | 0.007515 | ✓ | | NY MTA TRANSP 5% 11/15/2034 | 0.006852 | | | MUNIBOND | 0.006584 | ✓ | | TN TNSUTL 5 12/01/2035 | 0.006498 | ✓ | | NEW YORK ST DO 5% 3/15/2041 | 0.006100 | | | LOWER AL GAS DT-A-REF | 0.005854 | ✓ | | California Community Choice Financing Authority | 0.005627 | ✓ | | MTA HUDSON RAIL YRD-A | 0.005600 | ✓ | | MAIN STR NAT GA(RCC) 5% 9/1/30MT 53 | 0.005434 | ✓ | | CALIFORNIA COMMUNITY VAR | 0.005433 | ✓ | | Southeast Energy Authority, Alabama, Commodity Supply Revenue Bonds, Project 2, Series 2021B-1 | 0.005138 | | | MAIN STR NAT GA 4% MT | 0.005114 | ✓ | | ILLINOIS ST FIN AUTH REVENUE | 0.005091 | ✓ | | SALES TAX SECURITIZTN | 0.004919 | ✓ | | NYC WTR 5.50% 6/15/2056 | 0.004907 | ✓ | | Southeast Energy Authority, Alabama, Revenue Bonds, Cooperative District Energy Supply Series 2025B | 0.004676 | ✓ | | TN TNSUTL 5 11/01/2034 | 0.004566 | ✓ | | CHICAGO IL BRD OF EDU REGD B/E 6.25000000 | 0.004355 | ✓ | | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND AG 0.0% 06-15-43 | 0.004191 | ✓ | | STATE OF NEW JERSEY 5.0% 06-15-40 | 0.004133 | | | MAIN STR NAT GA 4% 07/01/2052 MT | 0.004122 | ✓ | | SOUTHEAST ENRG 5% MT | 0.004029 | | | State of Washington, Series 2026, GO Bonds | 0.003913 | | | WASHINGTON ST CONVENTION CENTER PUBLIC FACS DIST | 0.003875 | ✓ | | SAN FRAN ARPT 5% 5/1/2036@ | 0.003821 | | | CALIFORNIA COMMUNITY VAR | 0.003777 | ✓ | | NM MUNI ENERGY ACQ AU | 0.003760 | ✓ | | IL ST 5% 10/1/2034 | 0.003740 | | | NY ST URBAN DEV CORP- | 0.003628 | | | NJ TPK AUTH-A | 0.003417 | ✓ | | STATE OF NEW JERSEY 5.25% 06-15-55 | 0.003392 | ✓ | | SOUTHEAST ENERGY-D | 0.003391 | ✓ | | FEDERAL HOME LOAN MTGE CORP MF REGD N/C V/R B/E 4.77310000 | 0.003361 | ✓ | | CLARK CO NV SD 3% 6/15/2042 | 0.003343 | | | MAIN STR NAT GA 5% MT | 0.003316 | ✓ | | IN FIN HSR 4% 11/1/2051 | 0.003315 | ✓ | | NY ST URBAN DEV CORP- | 0.003306 | | | City of Chicago, Series 2025A | 0.003273 | | | CO ST HLTH FACS AUTH | 0.003250 | ✓ | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2024A-1 | 0.003096 | ✓ | | Columbus Regional Airport Authority | 0.003073 | | | DENVER CO ARPT 5.50% 11/15/2038 @ | 0.002982 | | | DFW ARPT 5.25% 11/1/2037 @ | 0.002860 | | | Tender Option Bond Trust Receipts/Certificates | 0.002840 | ✓ | ## Fidelity SAI Municipal Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Fidelity Municipal Cash Central Fund | 0.077786 | ✓ | | SOUTHEAST ENERGY-E | 0.012276 | ✓ | | TN MNVAPT 5.25 07/01/2051 | 0.010326 | | | Black Belt Energy Gas District | 0.009207 | ✓ | | NJ TRANSPRTN TRUST-BB | 0.007477 | | | NY MTA TRANSP 5% 11/15/2033 | 0.007433 | | | BLACK BELT ENERGY GAS VAR | 0.006522 | | | NYS TWY PIT 5% 3/15/2042 | 0.006265 | | | MUNIBOND | 0.005819 | ✓ | | TN TNSUTL 5 12/01/2035 | 0.005283 | ✓ | | MUNIBOND | 0.005218 | ✓ | | California Community Choice Financing Authority | 0.005183 | ✓ | | LOWER AL GAS DT-A-REF | 0.005110 | ✓ | | NY CITY TRANS FIN-F-1 | 0.005009 | ✓ | | MAIN STR NAT GA 4% 07/01/2052 MT | 0.004852 | ✓ | | NYC WTR 5.50% 6/15/2056 | 0.004652 | ✓ | | North Carolina Turnpike Authority, Series A | 0.004616 | | | Southeast Energy Authority, Alabama, Revenue Bonds Cooperative District Energy Supply Series 2024C | 0.004517 | ✓ | | CALIFORNIA COMMUNITY VAR | 0.004503 | ✓ | | Black Belt Energy Gas District (The) (Gas), Series 2022 F, RB | 0.004502 | | | Miami-Dade (County of), FL, Series 2025 A, RB | 0.004473 | | | NY NYCGEN 5.5 02/01/2048 | 0.004381 | | | TN TNSUTL 5 11/01/2034 | 0.004351 | ✓ | | W VIRGINIA ST H-SER B | 0.004286 | | | WA ST 5% 2/1/2030 | 0.003969 | | | NY STATE UR D 5% 3/15/2040 | 0.003689 | | | CHICAGO IL BRD OF EDU REGD OID B/E 6.00000000 | 0.003663 | | | SAN ANTONIO TX ELEC GAS REVE SANUTL 02/49 FIXED 5.25 | 0.003506 | | | SAN ANTONIO TX ELEC & GAS REVENUE | 0.003490 | | | FAYETTE COUNTY 5.25% 6/1/2044 | 0.003428 | | | CALIFORNIA COMMUNITY VAR | 0.003355 | ✓ | | Pima County Industrial Development Authority, Arizona, Revenue Bonds, Tucson Medical Center, Series 2021A | 0.003234 | | | NYC WTR 5.25% 6/15/2047 | 0.003189 | | | HOUSTON TX REGD B/E 5.25000000 | 0.003183 | | | New York City Transitional Finance Authority Future Tax Secured Revenue, Series 2025, RB | 0.003108 | | | NE CENPWR 08/01/2055 | 0.003101 | | | FEDERAL HOME LOAN MTGE CORP MF REGD N/C V/R B/E 4.77310000 | 0.003097 | ✓ | | SALES TAX SECURITIZTN | 0.003062 | ✓ | | NYS DORM PIT 5% 3/15/2047 | 0.003044 | | | OHIO ST UNIV GR 5.25% 12/1/2046 | 0.003042 | | | PORT NY NJ 5% 1/15/2047 @ | 0.003038 | | | Southeast Energy Authority, Alabama, Revenue Bonds, Cooperative District Energy Supply Series 2025B | 0.003014 | ✓ | | SOUTHEAST ENERGY-D | 0.003008 | ✓ | | NYC TRANSITIONAL-J-1 | 0.002998 | | | CASTAIC LK WTR AMBAC 0% 8/1/2026 | 0.002970 | | | MA ST TRANS REV 5% 6/1/52 | 0.002944 | | | CHICAGO IL BRD OF EDU | 0.002815 | | | COLUMBUS REGL ARPT-A | 0.002789 | | | MASSACHUSETTS ST DEV FIN AGY S REGD OID B/E 6.50000000 | 0.002708 | | | NJ TPK 5% 1/1/2030 | 0.002707 | | ## Sources - N-PORT (fund A) — accession `0000035402-26-003412` (as of 2026-03-31) - N-PORT (fund B) — accession `0000035402-26-003416` (as of 2026-03-31) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _