FMUN

About FMUN

Fidelity Systematic Municipal Bond ETF is a fixed income exchange-traded fund that focuses on municipal bonds, aiming to provide investors with exposure to municipal securities that offer enhanced risk-adjusted returns and liquidity compared to traditional benchmarks. The fund typically invests at least 80% of its assets in investment-grade municipal bonds, which generate income exempt from federal income tax. Managed by experienced portfolio co-managers Brandon Bettencourt and Mark Lande, the ETF employs a systematic strategy designed to improve upon market-cap weighted municipal bond indices. It is positioned as a low-cost option with a competitive expense ratio of 0.05%, reflecting its index-based approach. This ETF plays a significant role in Fidelity’s expanding fixed income product lineup, catering to investor demand for tax-efficient income solutions and liquidity in the municipal bond market. It is offered commission-free on Fidelity’s brokerage platforms and contributes to Fidelity’s leadership in fixed income ETF management with a broad range of fixed income strategies under management.