Key stats
About Fidelity Municipal Bond Opportunities ETF
Home page
Inception date
Apr 7, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Fidelity Management & Research Co. LLC
Distributor
Fidelity Distributors Co. LLC
FMUB seeks high current income exempt from federal tax, with secondary consideration for capital appreciation. The fund primarily invests in municipal securities, including general obligation and revenue bonds, securities from US territories, pre-refunded or escrowed bonds, municipal money market instruments, and synthetic municipal securities. Portfolio construction is based on fundamental, bottom-up research process that evaluates credit quality, structural features, valuation, and trading dynamics to identify compelling opportunities. To enhance yield, the strategy may allocate up to 30% of assets to high yield (junk bonds) municipal bonds and up to 20% to taxable securities such as US treasuries, agency bonds, or investment-grade corporate debt. The fund may also employ derivatives, such as swaps, futures, and options. FMUB converted from a mutual fund to an ETF starting with $53.69 million in net assets.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Mutual fund
Bonds, Cash & Other100.00%
Municipal92.61%
Mutual fund22.42%
Securitized0.79%
Cash−15.82%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FMUB invests in bonds. The fund's major sectors are Municipal, with 92.61% stocks, and Securitized, with 0.79% of the basket. The assets are mostly located in the N/A region.
FMUB last dividends amounted to 0.16 USD. The month before, the issuer paid 0.11 USD in dividends, which shows a 34.16% increase.
FMUB assets under management is 100.14 M USD. It's risen 76.67% over the last month.
FMUB fund flows account for 99.59 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FMUB pays dividends to its holders with the dividend yield of 3.23%. The last dividend (Jun 2, 2025) amounted to 0.16 USD. The dividends are paid monthly.
FMUB shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Apr 7, 2025, and its management style is Active.
FMUB expense ratio is 0.30% meaning you'd have to pay 0.30% of your investment to help manage the fund.
FMUB follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FMUB invests in bonds.
FMUB price has risen by 0.21% over the last month, and its yearly performance shows a −0.82% decrease. See more dynamics on FMUB price chart.
NAV returns, another gauge of an ETF dynamics, showed a −0.55% decrease in three-month performance and has increased by 1.34% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −0.55% decrease in three-month performance and has increased by 1.34% in a year.
FMUB trades at a premium (0.49%) meaning the ETF is trading at a higher price than the calculated NAV.