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%
#275 of 5,562 · low cost
Fund Size
$181M
#2,378 of 5,562 · mid-size
Dividend YieldGoal
3.30%
Track Record
6 years
#1,933 of 5,562 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,719+7.2%
Total-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaStrategy
Index tracking
Index tracked
Fidelity Systematic US Municipal Bond Index
What it actually holds
By weightConcentration
Top 10 holdings = 8.2% of fund✓ well diversified
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV
2.4%
KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV
0.9%
SALT RIVER PROJ AZ AGRIC and PWR
0.9%
UNIVERSITY CA REVS
0.7%
MAIN STR NAT GAS INC GA GAS SUPPLY REV
0.6%
BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV
0.6%
CALIFORNIA ST
0.6%
PENNSYLVANIA ST TPK COMMN TPK
0.6%
SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT
0.5%
ILLINOIS ST
0.5%
Asset allocation
Bonds
98.1%
Other
1.0%
Cash
0.9%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
3.1%Low
Year-on-year price swings
Max drawdown
-3.2%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
10.1 years
Credit ratings
AAA
19.0%
AA
55.7%
A
22.8%
BBB
2.2%
BB
0.1%
Other
0.2%
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, targeting those in the Fidelity Systematic U.S. Municipal Bond Index. Uses statistical sampling to replicate index returns, balancing exposure across maturity buckets for similar duration to traditional indices.
- Inception date
- July 11, 2019
- Fund family
- Fidelity Investments
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Data updated on 2026-06-19