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Launched

Fidelity Intermediate Municipal Income ETF

FIMUNasdaqFidelityC

$19.59+0.03 (+0.18%)

At close: Nov 2, 2026, 4:00 PM ET

C41/ 100

Rank 18 of 20 in Intermediate Municipal Bonds

C41/100Rank 18 of 20inIntermediate Municipal Bonds
Intraday session: up, 79 prints from 19.56 to 19.59. Range 19.57 to 19.62. Use the arrow keys to read each point.19.5719.5819.6019.6119.6210 AM12 PM2 PM4 PM
Expense ratio
0.30%*
Fund size
$90M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
2863
Avg volume · 30D
13K sh
52W range
low $18.90high $20.27
Launched

*After a fee waiver that ends Apr 30, 2028. Without it: 0.31%.

The ETF.net FIMU Grade

Based on 5 of 6 pillars

C

Score 41 out of 100

Category
Intermediate Municipal Bonds⁠
Rank
18 of 20
Six-pillar profile for FIMU. Scores out of 100: Cost 53, Risk 35, Mission not scored, Tradability 13, Holdings 59, Durability 42. Strongest: Holdings (59). Weakest: Tradability (13). Based on 5 of 6 pillars.

Score 41 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C53 out of 100
    Rank 9 of 20

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D35 out of 100
    Rank 19 of 20

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F13 out of 100
    Rank 19 of 20

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B59 out of 100
    Rank 10 of 20

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C42 out of 100
    Rank 14 of 20

Our read on FIMU

ETF.net Research

In short

CNot a new fund so much as a new door into an old one: FIMU is an ETF share class of Fidelity's actively managed intermediate muni strategy, holding the same bonds, run by the same managers, carrying the same track record.

Stated mandate

The fund seeks a high level of current income exempt from federal income tax while preserving capital. It normally invests at least 80% of assets in investment-grade municipal securities and maintains a dollar-weighted average maturity of 3 to 10 years.

Why people hold it

  • One of Fidelity's first three ETF share classes: same portfolio, same managers and the same track record as the existing mutual fund, now in an exchange-traded wrapper.fidelity.comsec.gov
  • Clear guardrails: normally at least 80% of assets in investment-grade municipal bonds paying federally tax-exempt interest, with average maturity held between 3 and 10 years.fidelity.com
  • Costs 0.30% net of a waiver through April 30, 2028 (0.31% gross), near the typical fee in the intermediate muni category. Income is paid quarterly.

Worth knowing

  • Cheaper routes into the category exist: TAXI charges 0.05%, ITM 0.18%, and EVIM 0.11% net of a waiver through February 1, 2027.
  • Still a thinly traded, smaller fund, so bid-ask spreads and order size matter more here than with the category's most-traded names.
  • The ETF class only started trading in June 2026; its own market history is short, even though the underlying strategy's record runs longer.fidelity.com

FIMU Holdings

Holdings pillarB59 out of 100Rank 10 of 20 in Intermediate Municipal Bonds
Asset class
Bonds
Holdings
2,863
Top-10 weight
9%
Largest holding
Municipal Cash Cf2.9%

Geography

  • United States99.66%
  • Puerto Rico0.34%
The fund’s holdings, weight-ordered — page 1 of 191.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataMunicipal Cash Cf2.87%367,467,520$368M3
2No dataBlack Belt Ene 5% 06/01/310.87%108,380,000$112M12
3No dataBlack Belt Ene 5% 11/01/360.86%107,875,000$110M14
4No dataMain Street Ene 5% 10/01/330.78%96,755,000$99.5M10
5No dataMain Street Ene 5% 09/01/360.73%91,270,000$93.3M5
6No dataLower Ala Gas D 5% 12/01/330.60%76,605,000$77.5M10
7No dataBlack Belt Ene 5% 10/01/330.60%74,000,000$77.3M10
8No dataNet Other Assets0.60%0$77M158
9No dataTexas Municipal 5.25% 04/01/30.59%73,000,000$76M4
10No dataEnergy Southeas 5% 04/01/340.58%73,000,000$74.7M5
11No dataTexas Municipa 5.25% 03/01/370.54%66,585,000$69.6M5
12No dataEnergy Southeas 5% 11/01/330.53%65,590,000$67.5M5
13No dataSoutheast En Al 5% 10/01/300.52%64,165,000$66.6M23
14No dataCa Choice (Cibc) 5% 2/1/310.52%64,000,000$66.2M13
15No dataBlack Belt Ene 12/01/55 Mt0.48%60,100,000$61.8M15

Showing 1–15 of 2863 holdings

FIMU Performance

Launched Jun 16, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
FIMU$9,983
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. FIMU $9,983. SPY $10,141. Use the arrow keys to read each point.$9,750$10,000$10,250$10,500Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FIMU. Periods over one year show the average yearly return.
PeriodFIMU
Year to dateFund launched this yearNo data
1 month+3.4%
3 months−0.2%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FIMU
YearReturn barFIMU
2026 YTD−1.3%

Since listing, Jun 16, 2026

FIMU in the news

FIMU Dividends

Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 4 payments in 2026 YTD. Jul 1, 2026 $0.02; Aug 3, 2026 $0.05; Sep 1, 2026 $0.05; Oct 1, 2026 $0.02. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 4, 2026$0.05
Oct 1, 2026Oct 5, 2026$0.02
Sep 1, 2026Sep 3, 2026$0.05
Aug 3, 2026Aug 5, 2026$0.05
Jul 1, 2026Jul 6, 2026$0.02

FIMU Risk

Risk pillarD35 out of 100Rank 19 of 20 in Intermediate Municipal Bonds
How much the fund’s monthly returns vary, scaled to a year.
Launched Jun 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched Jun 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched Jun 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.77
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FIMU Cost

Compare FIMU and TAXI

Overpaying vs TAXI, cheapest in Intermediate Municipal Bonds

$5,089

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FIMU 0.30%

    $6,149

  • TAXI 0.05% Cheapest

    $1,060

$10,000
30 years

Cost over time

  • FIMU 0.30%
  • TAXI 0.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530FIMU $6,149TAXI $1,060

Year by year

YearFIMUTAXIOverpaying
10$545$92$453
20$2,113$360$1,753
30$6,149$1,060$5,089
How the 0.30% is worked out

Full fee 0.31%− waiver 0.01%= you pay 0.30%

The waiver ends Apr 30, 2028. After that the fee is 0.31% unless Fidelity renews it. Source: prospectus, Jun 2026.

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