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  1. Form N-MFP3 VANGUARD MUNICIPAL BOND For: Feb 28
    EDGAR SEC Filings | 03/07/25 02:54 PM EST

    http://archive.fast-edgar.com/20250307/AVLDRG2CZC22PZZU222P2ZZZD3OWZEY2Z272 Filed on: March 7, 2025.

  2. Form N-CSRS BLACKROCK MUNICIPAL BOND For: Dec 31
    EDGAR SEC Filings | 03/07/25 02:08 PM EST

    http://archive.fast-edgar.com/20250307/AV2L322CZZ2RJTZZ2R9M2ZYKLNODZZ22Z272 Filed on: March 7, 2025.

  3. Form 485APOS VANGUARD MUNICIPAL BOND
    EDGAR SEC Filings | 03/06/25 09:00 AM EST

    http://archive.fast-edgar.com/20250306/AM22C62CZ22ODZZ222232ZY6DMTLSZ22I272 Filed on: March 6, 2025.

  4. Form 497J VANGUARD MUNICIPAL BOND
    EDGAR SEC Filings | 03/04/25 11:17 AM EST

    http://archive.fast-edgar.com/20250304/AQ2ZM62CZ22OMZX2222G2ZY2NBQAZZ22IC72 Filed on: March 4, 2025.

  5. Form 497K VANGUARD MUNICIPAL BOND
    EDGAR SEC Filings | 02/28/25 06:00 AM EST

    http://archive.fast-edgar.com/20250228/AQ2ZM22CZ22OM9Z2222G2ZY2NBQAZZ22IW72 Filed on: February 28, 2025.

  6. Form 497K VANGUARD MUNICIPAL BOND
    EDGAR SEC Filings | 02/28/25 06:00 AM EST

    http://archive.fast-edgar.com/20250228/AQ2ZM22CZ22OM9Z2222G2ZY2NBQAZZ22IM72 Filed on: February 28, 2025.

  7. Form 497K VANGUARD MUNICIPAL BOND
    EDGAR SEC Filings | 02/28/25 06:00 AM EST

    http://archive.fast-edgar.com/20250228/AQ2ZM22CZ22OM9Z2222G2ZY2NBQAZZ22IC72 Filed on: February 28, 2025.

  8. Form 497K VANGUARD MUNICIPAL BOND
    EDGAR SEC Filings | 02/28/25 06:00 AM EST

    http://archive.fast-edgar.com/20250228/AQ2ZM22CZ22OM9Z2222G2ZY2NBQAZZ22I272 Filed on: February 28, 2025.

  9. Form 497K VANGUARD MUNICIPAL BOND
    EDGAR SEC Filings | 02/28/25 06:00 AM EST

    http://archive.fast-edgar.com/20250228/AQ2PM22CZ22OM9Z2222G2ZY2NBQAZZ22I272 Filed on: February 28, 2025.

  10. Form 497K VANGUARD MUNICIPAL BOND
    EDGAR SEC Filings | 02/28/25 06:00 AM EST

    http://archive.fast-edgar.com/20250228/AQ2FM22CZ22OM9Z2222G2ZY2NBQAZZ22I272 Filed on: February 28, 2025.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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