FMUBFidelity Municipal Bond Opportunities ETF

Get income3y track recordRanked #651 of 1,622 in this goal

Seeks to provide a high current yield exempt from federal income tax.

By Fidelity Investments · Launched 2023

Annual Cost

0.30%

#1,472 of 5,562 · low cost

Fund Size

$212M

#2,273 of 5,562 · mid-size

Dividend YieldGoal

3.25%

Track Record

3 years

#2,935 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,730+7.3%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 15.1% of fund✓ well diversified

Fidelity Revere Street Trust

6.3%

MAIN STR NAT GAS INC GA GAS SUPPLY REV

1.4%

DALLAS FORT WORTH TX INTL ARPT

1.3%

SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT

1.2%

ILLINOIS FIN AUTH RV

1.0%

RHODE ISLAND ST STUDENT LN

0.8%

LANCASTER CNTY PA HOSP AUT REV

0.8%

CONNECTICUT ST SPL TAX OBLIG

0.8%

PENNSYLVANIA ST

0.7%

GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV

0.7%

Asset allocation

Bonds

95.8%

Cash

11.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.7%Low

Year-on-year price swings

Max drawdown

-2.5%Mild

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Bond profile

Duration

4.8 years

Avg maturity

10.2 years

Credit ratings

AAA

16.6%

41.6%

24.2%

BBB

10.6%

2.1%

Other

4.9%

Where to buy

Listing

Exchange: NASDAQ Global Select Market

Full fund details

Objective: Seeks to provide a high current yield exempt from federal income tax.
Strategy: Invests primarily in municipal securities exempt from federal income tax, including general obligation bonds, project-specific bonds, and synthetic securities. May invest up to 30% in lower-quality debt and 20% in taxable securities. Uses derivatives for risk exposure adjustments.
Inception date: February 16, 2023
Fund family: Fidelity Investments