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Fidelity Systematic Municipal Bond Index ETF
FMUN performance and flow charts
Performance
Flows
Historic performance and flows
Data as of August 31, 2026| 1M | 3M | YTD | 1Y | 3Y | 5Y | |
|---|---|---|---|---|---|---|
| Perf. | -0.14% | -1.17% | +0.00% | +4.22% | ||
| Flows | - | +$3M | +$12M | +$14M | - | - |
Characteristics
The Fidelity Systematic Municipal Bond Index ETF is built to track the Fidelity Systematic U.S. Municipal Bond NTR Index - USD. This ETF provides physical exposure - by owning its shares you earn the return of the securities composing the index (as the ETF holds them directly). This share class generates a stream of income by distributing dividends.
| Management strategy | Passive |
| Strategy | Long Only |
| Provider | Fidelity |
| N° of holdings | 1171 |
| Replication method | Direct (Physical) |
| Asset class | Fixed Income |
| Dividend policy | Distributing |
Trailing 12m distribution yield | Join for free |
| Inception date | April 8, 2025 |
| ESG | No |
More data and info about FMUN on Trackinsight
Exposure
Data as of July 31, 2026Diversification
Total weight of top 15 holdings out of 1,171
Top 15 Holdings
Sectors
Countries
Maturity
Credit rating
Similar ETFs
Trading data
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Volatility | +2.65% | +2.65% | ||
Max drawdown | -2.08% | -2.86% | ||
Max drawdown duration | 56d | 183d | N/A | N/A |
Time to recover | N/A | N/A | N/A | N/A |
Replication quality
Data as of August 31, 2026Create an account to view replication metrics
1 year cumulative return difference | |
|---|---|
| Best | Join for free |
| Worst | Join for free |
| daily return difference | |
|---|---|
| Average | Join for free |
| Worst | Join for free |
What type of ETF is FMUN?
FMUN is a Passive ETF that provides exposure to Fixed Income assets. It is managed by Fidelity.
What index does FMUN track?
FMUN tracks the Fidelity Systematic U.S. Municipal Bond NTR Index - USD, aiming to replicate its performance through optimized sampling.
What does FMUN invest in?
This ETF provides exposure to US Investment Grade Municipal Bonds. It is part of the segment: Municipal Bonds.
What is the expense ratio of FMUN?
The total expense ratio (TER) of FMUN is 0.05%, representing the annual fee charged by the fund manager.
When was FMUN launched?
FMUN was launched on April 8, 2025, marking its entry into the ETF market.
Who is the issuer of FMUN?
FMUN is issued by Fidelity.
What is the AUM of FMUN?
As of August 31, 2026, FMUN manages $179.50 M, reflecting the total assets held in the fund.
How has FMUN performed recently?
As of August 31, 2026, FMUN delivered a return of -0.14% over the past month (1M performance), -1.17% over the past three months (3M), and 0% year-to-date (YTD).
Does FMUN pay dividends?
As of August 31, 2026, FMUN has a trailing 12-month distribution yield of 3.36%.
How many holdings are in FMUN
As of July 31, 2026, FMUN holds 1171 securities in its portfolio. This level of diversification can influence the fund’s risk profile and exposure to individual assets.
How diversified is FMUN?
As of July 31, 2026, FMUN holds 1171 securities, with 9.67% of its assets concentrated in its top 15 holdings.
What are the top holdings of FMUN?
As of July 31, 2026, FMUN holds a portfolio of 1171 underlyings, with its largest positions including California Community Choice Financing Authority, 5% 1jan2055, USD (2024B), US74440DFN93 and US79574CBW29. These top holdings play a significant role in shaping the fund’s performance and exposure.
What countries or regions does FMUN invest in?
As of July 31, 2026, FMUN has its largest geographic exposures in USA.
What sectors or themes does FMUN focus on?
As of July 31, 2026, FMUN is primarily exposed to Municipal.
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