FMUN

Fidelity Systematic Municipal Bond Index ETF

$50.22

+0.00%

Market closed. Last update: 10:53 PM ET

📎 Investment Objective

The Fidelity Systematic Municipal Bond Index ETF (FMUN) seeks to provide investment results that correspond, before fees and expenses, to the performance of the Bloomberg Barclays Municipal Bond Index.

Overview

ETF tracking Fidelity Systematic Municipal Bond Index ETF

Category Municipal Bonds

Issuer Other

Inception Date 2025-04-07

Market Cap $170.7M

Average Volume N/A

Dividend Yield 1.86%

52-Week Range $47.94 - $50.47

VWAP $50.29

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF employs a passive management strategy, investing in a representative sample of municipal bonds included in the Bloomberg Barclays Municipal Bond Index. The fund aims to replicate the index's performance by holding a diversified portfolio of municipal bonds with similar risk and return characteristics.

✨ Key Features

Broad exposure to the municipal bond market through an index-tracking strategy
Low expense ratio of 0.00%
Potential tax-advantaged income for eligible investors
Diversified portfolio of investment-grade municipal bonds

⚠️ Primary Risks

Interest rate risk: The value of municipal bonds may decline as interest rates rise
Credit risk: The risk of default or downgrade by the issuers of the municipal bonds
Liquidity risk: The potential difficulty in selling municipal bonds during times of market stress
Concentration risk: The fund's focus on municipal bonds may make it more susceptible to factors affecting that sector

👤 Best For

The Fidelity Systematic Municipal Bond Index ETF may be suitable for investors seeking broad exposure to the municipal bond market, potentially tax-advantaged income, and a low-cost index-tracking strategy. It may be particularly appropriate for investors in higher tax brackets who are looking to diversify their fixed-income holdings.