FMUNFidelity Systematic Municipal Bond Index ETF
Seeks to provide a high current yield exempt from federal income tax.
By Fidelity Investments · Launched 2019
Annual Cost
0.05%
#132 of 6,040 · low cost
Fund Size
$180M
#2,554 of 6,040 · mid-size
Return (1Y)
-0.4%
Track Record
7 years
#1,910 of 6,040 · established
Performance
Total-return NAV · USDGrowth of $10,000
$9,954-0.5%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaStrategy
Index tracking
Index tracked
Fidelity Systematic US Municipal Bond Index
Holdings
By weightConcentration
Top 10 holdings = 7.7% of funddiversified
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV
2.3%
KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV
0.9%
SALT RIVER PROJ AZ AGRIC and PWR
0.9%
UNIVERSITY CA REVS
0.6%
MAIN STR NAT GAS INC GA GAS SUPPLY REV
0.6%
PENNSYLVANIA ST TPK COMMN TPK
0.5%
CALIFORNIA ST
0.5%
SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT
0.5%
NY PAYROLL MOBILITY TX
0.5%
ILLINOIS ST
0.5%
Asset allocation
Bonds
99.1%
Other
1.0%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
3.2%Low
Year-on-year price swings
Max drawdown
-4.4%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
4.7 years
Avg maturity
10.0 years
Credit ratings
AAA
18.5%
AA
55.8%
A
23.1%
BBB
2.2%
BB
0.1%
Other
0.2%
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, targeting those included in the Fidelity Systematic U.S. Municipal Bond Index. Aims for higher risk-adjusted performance and liquidity through statistical sampling techniques across U.S. investment-grade municipal bonds.
- Inception date
- July 11, 2019
- Fund family
- Fidelity Investments
Similar funds
Same asset class, closest by strategy & exposureNext steps
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Data updated on 2026-09-18