Fund Evaluator:
Fidelity Systematic Municipal Bd Idx ETF (FMUN)
Follow This Fund
Fixed Income
Global Asset Class
Municipal Bond
Fund Group
Muni National Interm
Category
$0.000
NAV (as of )
$0.00
Minimum Initial
0.05% A
Expense Ratio
$180 Mil
Assets
Open
Status
na
12b-1 Fee
3.34%
TTM Yield
0.00%
Max Load
69%
Portfolio Turnover
Best Performing in Muni National Interm Over the Last Year
| 8.4% | Sit Tax-Free Income (SNTIX) |
| 5.6% | Putnam Strategic Intermediate Muncpl Y (PAMYX) |
| 5.5% | Goldman Sachs Dynamic Municipal Inc Inv (GUIRX) |
| 5.3% | Victory Tax Exempt Intermediate-Term (USATX) |
| 5.2% | Vanguard Tax-Exempt Bond Index Admiral (VTEAX) |
Data as of 7/31/2026
-1.8% F
1-Mo Return
-0.6% D
3-Mo Return
0.1% D
YTD Return
5.1% C
1-Yr Return
2.8% F
3-Yr Return
0.1% F
5-Yr Return
1.19 F
Category Risk Index
0.48
Total Risk Index
Fund Details
Fund Family
Fidelity Investments
Inception Date
7/11/2019
Share Class Type
Equity Investment Style
na
Bond Investment Style
High Quality
Extensive Sensitivity
Socially Responsible Fund
No
Index Fund
Yes
Benchmark Index
Bloomberg Municipal TR USD: 100%
Additional Fund Details
Fidelity Systematic Municipal Bd Idx ETF Overview
FMUN Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FMUN Return (NAV) | -1.8% | -0.6% | 5.1% | 2.8% | 0.1% | na |
| FMUN Grade | F | D | C | F | F | na |
| +/- Category | -0.3% | -0.1% | 0.5% | -0.4% | -0.5% | na |
| Muni National Interm Avg | -1.6% | -0.5% | 4.6% | 3.2% | 0.6% | 1.7% |
| FMUN Tax Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | na |
FMUN Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FMUN Return (NAV) | 0.1% | 3.7% | 1.3% | 5.9% | -9.4% | 1.3% | 3.1% | na | na | na | na |
| FMUN Grade | D | F | D | C | D | C | F | na | na | na | na |
| +/- Category | -0.3% | -0.5% | -0.7% | 0.2% | -1.2% | -0.4% | -1.2% | na | na | na | na |
| Muni National Interm Avg | 0.4% | 4.2% | 2.0% | 5.8% | -8.2% | 1.7% | 4.3% | 6.7% | 0.8% | 4.7% | -0.2% |
| Risk Measures | |
| Standard Deviation: | 5.9% |
| Total Risk Index: | 0.48 - Low |
| Category Risk Index: | 1.19 - High |
| Category Risk Grade: | F (100% Rank) |
| Beta: | 1.03 |
| R-Squared: | 99% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Extensive Sensitivity |
| Yield: | 3.3% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $180 Mil |
| Fund Total Assets: | $ 180 Mil |
| Share Class Type: | |
| Portfolio Turnover: | 69% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 7.1 years | |||
| Average Tenure: 3.2 years | |||
| Managers (Year): Bettencourt Brandon (2019), Lande Mark (2024), Eswara Van (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 1205 |
| % in Top 10 Holdings: | 7.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 98.7% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.9% |
| Cash: | 0.4% |
Purchase Information
| Fund Family: | Fidelity Investments |
| Phone Number: | 800-544-8544 |
| Website: | www.institutional.fidelity.com |
| Status: | Open |
| Inception Date: | July 11, 2019 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.05% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 0.68% |
| Share Class: | Fidelity Systematic Municipal Bd Idx ETF |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
Copyright 2026 American Association of Individual Investors and Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.