Fidelity InvestmentsMuni National IntermediateFMUN · Nasdaq

Fidelity Systematic Municipal Bond Index ETF (FMUN)

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Price: $48.28; —11 Sept 2026
Assets: $179.5M; Total net assets
Expense ratio: 0.05%; Category 0.62%
Yield: 3.36%; Trailing distributions

1Y return: 0.1%-0.4%; Category 0.5%
3Y CAGR: —; Category 3.1%
5Y CAGR: —; Category 0.4%

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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	-3.0%	-3.0%	-2.6%	-1.8%	+0.1%	—	—	—	+3.5%
Muni National Intermediate average	-2.3%	-2.5%	-1.9%	-1.0%	0.5%	3.1%	0.4%	1.7%	1.6%
Difference	-0.7%	-0.5%	-0.7%	-0.7%	-0.4%	—	—	—	+1.8%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA18.5%
AA55.8%
A23.1%
BBB2.2%
BB0.1%
Other0.2%

Asset mix

Bonds99.1%
Other1.0%

ETF details

Issuer: Fidelity Investments
Category: Fixed Income · Muni National Intermediate
Ticker: FMUN
Exchange: Nasdaq
Inception: 11 Jul 2019 (7.2 years)
Structure: Exchange Traded Fund
Expense ratio: 0.05% (category 0.62%)
Holdings turnover: 15% (category 43%)
Distribution yield: 3.36%
Beta, 3 years: 1.03
Total net assets: $179.5M
Average duration: 4.67 years
Average maturity: 9.96 years

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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