FMUN

Fidelity Systematic Municipal Bond Index ETF

Fidelity · Bonds & Cash

$48.51▼ −0.3% last session▼ −0.4% YTD

As of 10/29/2026, 4:00:00 PM ET · End-of-day

ETFETF Tracker@TheETFTracker · etftracker.io

Dividend-adjusted total return. Comparisons share the fund’s start date. S&P 500 uses VOO. Missing history is unavailable.

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	▼ −0.3%	▲ +3.6%	▼ −1.0%	▼ −1.0%	▼ −0.6%	—	—	▲ +5.8%
Peer average	▲ +0.1%	▲ +2.7%	▼ −0.9%	▼ −0.2%	▲ +0.1%	▲ +13.9%	▲ +1.9%	—
S&P 500 · VOO	▼ −0.4%	▲ +0.9%	▲ +3.3%	▲ +13.8%	▲ +13.3%	▲ +88.8%	▲ +81.9%	—

What’s in FMUN

What’s in this fund

FMUNFidelity Systematic Municipal Bond Index ETF

1,159 holdings

As of Oct 30, 2026

Everything else70.7%

ETFETF Tracker@TheETFTracker · etftracker.io

Tile size = share of the fund

HoldingsTop 20 of 1,159 · as of Oct 30, 2026

1—NET OTHER ASSETS1.09%

2—KENTUCKY INC KY 06/01/55 MT0.86%

3—MUNICIPAL CASH CF0.73%

4—UNIV CAL REV 5% 05/15/310.59%

5—MAIN STR NAT GA 09/01/52 MT0.54%

6—BLACK BELT ENE 5% 10/01/350.51%

7—PA TPK 5% 12/01/400.49%

8—CA ST 5% 08/01/350.49%

9—SOUTHEAST ENERGY AUTH 5.25% MT0.47%

10—IL ST 5% 05/01/370.45%

11—TRIBOROUGH BRID 4% 05/15/460.43%

12—LA CA USD 5% 07/01/310.42%

13—NY TRANS CORP 5.375% 06/30/60@0.40%

14—MAIN STR NAT GA 5% MT0.39%

15—NEW YORK AUTH 5% 11/01/330.38%

16—BLACK BELT ENE 5% 7/1/31MT 550.38%

17—NYC NY 5% 03/01/370.37%

18—MA ST 5% 03/01/330.37%

19—CALIFORNIA CMY 4% MT0.37%

20—LA CA DWAP 5% 07/01/350.35%

Go deeper

Prospectus & documentsRead the official filings

summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-06-30 ↗annual report · SEC N-CSR ↗SEC reported portfolio · 2026-03-31 ↗SEC reported portfolio · 2025-12-31 ↗SEC reported portfolio · 2025-09-30 ↗summary prospectus · SEC 497K ↗prospectus · SEC 485BPOS ↗summary prospectus · SEC 497K ↗annual report · SEC N-CSR ↗SEC reported portfolio · 2025-06-30 ↗summary prospectus · SEC 497K ↗prospectus · SEC 497 ↗prospectus · SEC 485BPOS ↗summary prospectus · SEC 497K ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗

Fund factsStructure & strategy

Issuer: Fidelity
Inception: 2019-07-11
Exchange: NASDAQ
CUSIP: 316188846
Structure: —
Benchmark: —
Leverage: 1x
Reset: —

The fund endeavors to provide access to American municipal debt, specifically those deemed investment-grade, which demonstrate superior risk-adjusted returns and ease of trading compared to the general municipal bond landscape.

Trading & liquidityNAV, volume & spreads

Reported net asset value: $48.55
NAV provider updated: 2026-10-29 UTC
Premium / discount: —
Median spread · 30D: —
Average volume · 30D: 30.4K
Shares outstanding: —
Options: —

DistributionsYield & payout history

TTM distribution yield: 3.4%
30-day SEC yield: —
Frequency: —
Latest ex-date: 2026-10-29

Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.

Ex-date	Pay date	Per share
2026-10-29	2026-11-02	$0.13
2026-09-29	2026-10-01	$0.14
2026-08-28	2026-09-01	$0.14
2026-07-30	2026-08-03	$0.14
2026-06-29	2026-07-01	$0.14
2026-05-28	2026-06-01	$0.13
2026-04-29	2026-05-01	$0.14
2026-03-30	2026-04-01	$0.14
2026-02-26	2026-03-02	$0.13
2026-01-29	2026-02-02	$0.13
2025-12-30	2026-01-02	$0.14
2025-11-26	2025-12-01	$0.14

Fees & costsWhat ownership costs

Net expense ratio: 0.05%
Gross expense ratio: —
Management fee: —
Annual cost per $10,000: $5.00

Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.

RiskVolatility & drawdown

Our risk indicator: 2/5 · rule-based
Annualized volatility · 1Y: 4.22%
Beta vs VOO · 1Y: —
Maximum drawdown · 1Y: ▼ −7.3%

Historical risk measures describe past behavior and do not predict future returns.

From the issuer

Hear the strategy from the people behind FMUN.

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