Morningstar

Fidelity Systematic Municipal Bond Index ETF FMUN

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub

Morningstar’s Analysis FMUN

Will FMUN outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMUN’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FMUN management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FMUN’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Fidelity Systematic Municipal Bd Idx ETF holds a quantitatively derived Bronze Morningstar Medalist Rating. The rating reflects that it has scored better than the norm on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings FMUN

More FMUN Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

2.22 4M
municipal

Net Other Assets

0.97 2M
—

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV

0.88 2M
municipal

SALT RIV PROJ AGRIC IMPT & PWR DIST ARIZ ELEC SYS REV 5%

0.83 2M
municipal

UNIVERSITY CALIF REVS 5%

0.60 1M
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV

0.56 1M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.52 949,151
municipal

PENNSYLVANIA ST TPK COMMN TPK REV 5%

0.51 927,577
municipal

CALIFORNIA ST 5%

0.51 924,906
municipal

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5.25%

0.48 874,209
municipal

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