Fidelity InvestmentsMuni National IntermediateFMUN · Nasdaq

Fidelity Systematic Municipal Bond Index ETF (FMUN)

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Price: $48.81; —30 Oct 2026
Assets: $169.6M; Total net assets
Expense ratio: 0.05%; Category 0.62%
Yield: 3.52%; Trailing distributions

1Y return: 0.5%+0.1%; Category 0.4%
3Y CAGR: —; Category 4.5%
5Y CAGR: —; Category 0.8%

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Fidelity Systematic Municipal Bond Index ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+4.5%	-0.1%	-0.7%	-0.1%	+0.5%	—	—	—	+4.3%
Muni National Intermediate average	3.4%	-0.5%	-0.9%	-0.1%	0.4%	4.5%	0.8%	1.9%	2.1%
Difference	+1.1%	+0.4%	+0.2%	0.0%	+0.1%	—	—	—	+2.2%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA18.4%
AA55.3%
A23.9%
BBB2.1%
BB0.1%
Other0.3%

Asset mix

Bonds97.1%
Cash2.2%
Other0.8%

ETF details

Issuer: Fidelity Investments
Category: Fixed Income · Muni National Intermediate
Ticker: FMUN
Exchange: Nasdaq
Inception: 11 Jul 2019 (7.3 years)
Structure: Exchange Traded Fund
Expense ratio: 0.05% (category 0.62%)
Holdings turnover: 15% (category 43%)
Distribution yield: 3.52%
Beta, 3 years: 1.02
Total net assets: $169.6M
Average duration: 4.67 years
Average maturity: 9.53 years

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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