Fidelity Systematic Municipal Bond Index ETFFMUN

FidelityBonds & CashMunicipal#465 of 785 by YTD

$48.75

−0.1% last session

−0.2% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 3, 2026FMUNS&P 500 · VOOBonds & Cash average

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−0.1%	+3.7%	−0.9%	−0.2%	+0.2%	—	—	+6.6%
Peer average	0.0%	+2.9%	−0.9%	+0.3%	+0.6%	+14.6%	+2.5%	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $170M
Expense ratio: 0.05%
Distribution yield: 3.4%
NAV: $48.70
Volume: 23K
Avg. volume 30D: 31K
High today: $48.85
Low today: $48.52
Previous close: $48.78
52-week high: $51.25
52-week low: $46.32
Our risk indicator: 2/5

FMUN in One Breath

FMUN Among Municipal ETFs

YTD

#1MMMANY Life Investments+2.2%$59.3M

#2MYMGSPDR+1.9%$8.6M

#3SMMUPIMCO+1.9%$1.3B

#4MYMFSPDR+1.9%$8.7M

#5IBMOiShares+1.9%$499M

#6FTMSFranklin Templeton+1.9%$265M

#7MMSDNY Life Investments+1.8%$87.1M

#8MUNAFlexShares+1.8%$8.0M

#97FMUNFidelity−0.2%$170M

End-of-day Nov 4, 2026 · 141 Municipal ETFs by YTD

$10,000 in FMUN

$10,000 in FMUN became

$10,660

In the S&P 500 (VOO)

$15,451

Total return, dividends in · Apr 8, 2025 – Nov 3, 2026 · S&P 500 uses VOO

FMUN’s Top Holdings

Today

NET OTHER ASSENet Other Assets1.1%MUNICIPAL CA0.9%KENTUCKY INC0.9%UNIV CAL REV0.6%MAIN STR NAT0.5%BLACK BELT E0.5%PA TPK 5% 10.5%CA ST 5% 080.5%SOUTHEAST EN0.5%IL ST 5% 050.4%TRIBOROUGH B0.4%LA CA USD 50.4%NY TRANS COR0.4%MAIN STR NAT0.4%NEW YORK AUT0.4%BLACK BELT E0.4%NYC NY 5% 00.4%MA ST 5% 030.4%CALIFORNIA C0.4%LA CA DWAP 0.3%NY MTA TRANS0.3%NEW YORK ST 0.3%

Fidelity FMUN · 1,159 holdings · top 22 shown · tile size = share of the fund · as of Nov 3, 2026

What FMUN Holds

Today

All holdings100.0%

NET OTHER 1.1 · MUNICIPAL · KENTUCKY I · UNIV CAL R · MAIN STR N · BLACK BELT · PA TPK 5%

Fidelity FMUN · share of the fund · as of Nov 3, 2026

Net’s Share of FMUN

Today

1.1%

$11 of every $1,000 in FMUN is Net

Net held by FMUN

$1.9M

Fidelity FMUN · each square = $10 of $1,000 · as of Nov 3, 2026

FMUN’s Share of Municipal ETFs

Today

0.1%

of the $244B in 166 Municipal ETFs

FMUN$170M0.1%

MUB$54.5B22.3%

VTEB$49.6B20.3%

163 others$140B57.2%

Municipal ETF AUM · Nov 4, 2026

FMUN Fee per $100 vs Peers

Today

$0.05a year
per $100

$5 a year on $10,000

VTEB$0.03

FMUN$0.05

MUB$0.05

SUB$0.07

JMUB$0.18

CGMU$0.27

Expense ratio · Municipal peers · Nov 4, 2026

Inside FMUN

1,159 holdings · as of Nov 3, 2026

FMUN

Fidelity Systematic Municipal Bond Index ETF

Today

All holdings100.0%1,145 more holdings91.9% of the fund

All holdings100.0%1,153 more holdings95.5% of the fund

#	Ticker	Company	Weight ▼
1	—	NET Other Assets	1.15%
2	—	Municipal Cash CF	0.88%
3	—	Kentucky KY 06/01/55 MT	0.86%
4	—	Univ CAL REV 5% 05/15/31	0.59%
5	—	Main STR NAT GA 09/01/52 MT	0.54%
6	—	Black Belt ENE 5% 10/01/35	0.51%
7	—	PA TPK 5% 12/01/40	0.49%
8	—	CA ST 5% 08/01/35	0.49%
9	—	Southeast Energy Auth 5.25% MT	0.47%
10	—	IL ST 5% 05/01/37	0.45%

Fidelity FMUN · current holdings by weight · as of Nov 3, 2026 · each tile is one holding · top 20 = 10.3%

How It Compares

FMUN

Fidelity Systematic Municipal Bond Index ETF’s Peers

YTD


MUB	iSharesRead Desk	0.05%	−0.4%	+0.1%	$54.5B
VTEB	VanguardRead Desk	0.03%	−0.3%	+0.1%	$49.6B
SUB	iSharesRead Desk	0.07%	+1.4%	+2.2%	$13.3B
JMUB	J.P. MorganRead Desk	0.18%	0.0%	+0.3%	$9.0B
CGMU	Capital GroupRead Desk	0.27%	+0.5%	+1.1%	$7.5B
FMUN	FidelityThis fundRead Desk	0.05%	−0.2%	+0.2%	$170M

Municipal peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put FMUN head to head with MUB →

MUB vs FMUN

YTD

MUBiShares · MunicipalFMUNFidelity · Municipal

Year to date

−0.4%

−0.2%

FMUN wins+0.1 pts

Past year

+0.1%

+0.2%

FMUN wins+0.1 pts

Fee

0.05%

Level

Yield

3.3%

3.4%

FMUN wins+0.1 pts

AUM

$54.5B

$170M

MUB321.3× more

3–0FMUN wins

iShares MUB and Fidelity FMUN · year-to-date · as of Nov 4, 2026 · AUM not scored

FMUN vs VOO

YTD

FMUN · Fidelity Systematic Municipal Bond Index

−0.2%

VOO · S&P 500

+11.5%

Gap

11.8 pts

Fidelity FMUN and Vanguard VOO · YTD total return · as of Nov 4, 2026

FMUN vs Its Peer Average

YTD

FMUNAvsBPeer average

1D−0.1%0.0%

1M+3.7%+2.9%

3M−0.9%−0.9%

YTD−0.2%+0.3%

1Y+0.2%+0.6%

3Y[…]+14.6%

5Y[…]+2.5%

1–4Peer average wins

165 Municipal peers · each row scaled to its leader

The Details

FMUN

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y4.24%

Deepest drop · 1Y−7.3%

Lowest point · 5Y−0.4%

52-week range

$48.75

$46.32−4.9% from the high$51.25

Fidelity FMUN · past-year price moves · as of Nov 4, 2026

FMUN

Fund Facts

Today

2019launched Jul 11

Tracks[…]

Exchange · CUSIPNASDAQ · 316188846

StructureETF

Leverage1x

Cost on $10,000$5 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Fidelity FMUN · fund facts · as of Nov 4, 2026

FMUN

Payouts by Year

$0.13per share, Oct 2026

Distribution yield3.4%

PaidEvery month

Latest ex-date · paidOct 29 · Nov 2, 2026

12 payouts added up$1.65 a share

Fidelity FMUN · distributions by ex-date · 2025–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-06-30 ↗annual report · SEC N-CSR ↗SEC reported portfolio · 2026-03-31 ↗SEC reported portfolio · 2025-12-31 ↗SEC reported portfolio · 2025-09-30 ↗summary prospectus · SEC 497K ↗prospectus · SEC 485BPOS ↗summary prospectus · SEC 497K ↗annual report · SEC N-CSR ↗SEC reported portfolio · 2025-06-30 ↗summary prospectus · SEC 497K ↗prospectus · SEC 497 ↗prospectus · SEC 485BPOS ↗summary prospectus · SEC 497K ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗

Trading & Liquidity

Net asset value$48.70

Premium / discount[…]

Median spread · 30D[…]

Volume today23K

Average volume · 30D31K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.05%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$5.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Oct 29, 2026	Nov 2, 2026	$0.13
Sep 29, 2026	Oct 1, 2026	$0.14
Aug 28, 2026	Sep 1, 2026	$0.14
Jul 30, 2026	Aug 3, 2026	$0.14
Jun 29, 2026	Jul 1, 2026	$0.14
May 28, 2026	Jun 1, 2026	$0.13
Apr 29, 2026	May 1, 2026	$0.14
Mar 30, 2026	Apr 1, 2026	$0.14
Feb 26, 2026	Mar 2, 2026	$0.13
Jan 29, 2026	Feb 2, 2026	$0.13
Dec 30, 2025	Jan 2, 2026	$0.14
Nov 26, 2025	Dec 1, 2025	$0.14

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