FMUBFidelity Municipal Bond Opportunities ETF
Seeks a high current yield exempt from federal income tax.
By Fidelity Investments · Launched 2023
Annual Cost
0.30%
#1,396 of 5,861 · low cost
Fund Size
$220M
#2,285 of 5,861 · mid-size
Dividend YieldGoal
3.31%
Track Record
3 years
#2,863 of 5,861 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,532+5.3%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 20.1% of fund✓ well diversified
Fidelity Revere Street Trust
11.8%
MAIN STR NAT GAS INC GA GAS SUPPLY REV
1.1%
DALLAS FORT WORTH TX INTL ARPT
1.1%
SAN ANTONIO TX ELEC and GAS REV
1.0%
SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT
1.0%
BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV
0.9%
BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV
0.8%
UNIVERSITY KA HA HLTH FAC REV
0.8%
ILLINOIS FIN AUTH RV
0.8%
SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT
0.8%
Asset allocation
Bonds
97.5%
Cash
5.4%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (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
10.3 years
Credit ratings
AAA
16.6%
AA
41.6%
A
24.2%
BBB
10.6%
BB
2.1%
Other
4.9%
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks a high current yield exempt from federal income tax.
- Strategy
- Invests primarily in municipal securities whose interest is exempt from federal income tax, including general obligation bonds and project-specific bonds. Allocates at least 80% of assets to these securities while managing interest rate risk similar to a supplemental index.
- Inception date
- February 16, 2023
- Fund family
- Fidelity Investments
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Data updated on 2026-08-04