FSMUX

About FSMUX

Strategic Advisers Municipal Bond Fund is an open-end mutual fund focused on generating a high level of current income that is typically exempt from federal income taxes. Managed by Strategic Advisers, a subsidiary of Fidelity Investments, the fund primarily invests in investment-grade municipal bonds issued by state and local governments across the United States. By allocating assets across different sectors and maturities, the fund aims to balance credit quality, interest rate risk, and tax efficiency. Its portfolio commonly supports funding for public infrastructure projects including schools, transportation, and utilities. Notable for its broad diversification, the fund holds thousands of securities, with substantial exposure to leading municipal bond funds and ETFs. Known for its relatively low expense ratio and monthly dividend payments, it appeals to investors seeking tax-advantaged income and capital preservation. As one of the larger funds in its category, Strategic Advisers Municipal Bond Fund plays a significant role in providing access to the U.S. municipal bond market for a wide range of investors.