# Fidelity Systematic Municipal Bond Index ETF (FMUN) — Overview

FMUN · NASDAQ · Fund

Canonical page: https://www.lighthorse.io/tickers/fmun

## Price

Last close $47.87 on Oct 15, 2026. 52-week range $46.49 – $51.17.

## Fund profile

FMUN tracks an index of USD-denominated municipal bonds of any maturity with an investment-grade credit rating. The fund seeks to provide high yields exempt from federal income tax.

| Metric | Value |
| --- | --- |
| Issuer | Fidelity Management & Research Company LLC |
| Industry | — |
| Inception | Apr 4, 2025 |
| Assets under management | $169.6M |
| Expense ratio | 0.05% |
| Net asset value | $47.45 (as of Oct 13, 2026) |
| Distributions | Monthly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Fidelity Systematic Municipal Bond Index ETF (FMUN)?

FMUN tracks an index of USD-denominated municipal bonds of any maturity with an investment-grade credit rating. The fund seeks to provide high yields exempt from federal income tax.

### What is FMUN's expense ratio?

Fidelity Systematic Municipal Bond Index ETF charges an annual expense ratio of 0.05%. The fund is issued by Fidelity Management & Research Company LLC.

### How large is FMUN?

Fidelity Systematic Municipal Bond Index ETF manages $169.6M in assets and has traded since Apr 4, 2025.

### How do I buy shares of Fidelity Systematic Municipal Bond Index ETF (FMUN)?

FMUN trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

---

Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).