Fidelity launches Fidelity Conservative Income Municipal Bond Fund

By Marisa Wong

Madison, Wis., Nov. 12 - Fidelity Investments announced the launch of the Fidelity Conservative Income Municipal Bond Fund.

The fund invests in money market securities and high quality investment-grade municipal debt securities with a short duration.

The fund normally maintains a dollar-weighted average maturity of one year or less.

It offers a retail class (FCRDX) and an advisor class (FMNDX).

The fund is managed by Doug McGinley.

The company launched the municipal bond fund alongside two other short-duration funds: the Fidelity Short Duration High Income Bond Fund and the Fidelity Limited Term Bond Fund.

Fidelity is a financial services provider based in Boston.

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