Fidelity Tax-Free Bond Fund Q3 2025 Commentary (FTABX)

Fidelity Investments 871 Follower s Follow 5 Share Save Play ( 10min ) Comments Summary Resurgent investor demand and a September policy interest-rate cut boosted returns for investment-grade tax-exempt municipal bonds in the third quarter of 2025. The strong Q3 showing helped municipal securities recover from a disappointing first half, lifting their year-to-date advance to 2.64%. Despite a more cautious economic outlook, most muni issuers continued to benefit from strong fiscal positions, providing resilience against potential credit-rating downgrades. juststock/iStock via Getty Images Investment Approach Fidelity® Tax-Free Bond Fund ( FTABX ) is a diversified national municipal bond strategy investing in general obligation and revenue-backed municipal securities across the yield curve. Our investment approach focuses on fundamental credit analysis, yield-curve positioning This article was written by Fidelity Investments 871 Follower s Follow Fidelity’s mission is to strengthen the financial well-being of our customers and deliver better outcomes for the clients and businesses it serves. With assets under administration of $12.6 trillion, including discretionary assets of $4.9 trillion as of December 31, 2023, Fidelity focuses on meeting the unique needs of a broad and growing customer base. Privately held for 77 years, Fidelity employs more than 74,000 associates with its headquarters in Boston and a global presence spanning nine countries across North America, Europe, Asia and Australia. Note: This account is not managed or monitored by Fidelity, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Fidelity's official channels.

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