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Launched

Fidelity Intermediate Municipal Income ETF

FIMUNasdaqC

$19.18+0.07 (+0.37%)

At close: Oct 13, 2026, 4:00 PM

C40/ 100

Rank 20 of 20 in Intermediate Municipal Bonds

C40/100Rank 20 of 20inIntermediate Municipal Bonds
Intraday session: up, 20 prints from 19.11 to 19.18. Range 19.12 to 19.20. Use the arrow keys to read each point.19.1219.1419.1619.2010 AM12 PM2 PM4 PM
Expense ratio
0.31%
Fund size
$90M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
2974
Avg volume · 30D
0M sh
NAV per share
$19.06
52W range
low $18.90high $20.27
Launched

The ETF.net FIMU Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
Intermediate Municipal Bonds⁠
Rank
20 of 20
Six-pillar profile for FIMU. Scores out of 100: Cost 58, Risk 36, Mission not scored, Tradability 14, Holdings 68, Durability 43. Strongest: Holdings (68). Weakest: Tradability (14). Based on 5 of 6 pillars.

Score 40 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.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
45
This cap took
−5
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B58 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.
    D36 out of 100
    Rank 18 of 20

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F14 out of 100
    Rank 19 of 20

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B68 out of 100
    Rank 5 of 20

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C43 out of 100
    Rank 14 of 20

Our read on FIMU

ETF.net Research

CFIMU isn't a new idea in a new wrapper. It's Fidelity's long-running active intermediate muni strategy, same portfolio and same managers, now trading on an exchange as one of the firm's first ETF share classes.

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

  1. 01Not a startup fund in disguise: the ETF class was bolted onto an existing Fidelity muni mutual fund, sharing its portfolio, investment policies, management team and track record.fidelity.cominstitutional.fidelity.com
  2. 02Active, but with rails: at least 80% of assets in investment-grade munis and average maturity kept between 3 and 10 years, hunting income exempt from federal income tax.institutional.fidelity.com
  3. 03At 0.31% a year, it comes in under the typical fund in its intermediate-muni peer group, and Fidelity's team picks the bonds instead of copying an index.

Worth knowing

  1. 01Active judgment carries a toll. Index rivals in the same cohort run far cheaper (TAXI at 0.05%, MUNY at 0.09%, EVIM at 0.11%) against FIMU's 0.31%.
  2. 02The exchange-traded class only started trading in 2026 and is still a small, lightly traded slice of the strategy, so spreads matter more here than with the category's busiest tickers.
  3. 03Income arrives quarterly, not monthly, so the tax-free cash shows up in four installments a year.

FIMU Holdings

As of Oct 13, 2026
Asset class
Bonds
Holdings
2,974
Top-10 weight
8%
Largest holding
Municipal Cash Cf2.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 199.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Municipal Cash Cf1.95%253,179,260$253M3
002—Black Belt Ene 5% 06/01/310.85%108,380,000$110M13
003—Black Belt Ene 5% 11/01/360.82%107,875,000$107M14
004—Main Street Ene 5% 10/01/330.76%96,755,000$99M9
005—Net Other Assets0.72%0$93M141
006—Main Street Ene 5% 09/01/360.69%91,270,000$90M5
007—Lower Ala Gas D 5% 12/01/330.58%76,605,000$76M10
008—Black Belt Ene 5% 10/01/330.58%74,000,000$75M9
009—Texas Municipal 5.25% 04/01/30.57%73,000,000$74M3
010—Energy Southeas 5% 04/01/340.56%73,000,000$73M5
011—Texas Municipa 5.25% 03/01/370.52%66,585,000$68M4
012—Energy Southeas 5% 11/01/330.51%65,590,000$66M6
013—Southeast En Al 5% 10/01/300.50%64,165,000$65M19
014—Ca Choice (Cibc) 5% 2/1/310.50%64,000,000$65M12
015—Black Belt Ene 12/01/55 Mt0.46%60,100,000$60M14

Showing 1–15 of 2974 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$9,619
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. FIMU $9,619. SPY $10,332. Use the arrow keys to read each point.$9,453$9,932$10,411Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 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 year—
1 month−1.3%
3 months−3.8%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, 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−3.8%

Since listing, Jun 16, 2026

FIMU in the news

Filtered to FIMU · Intermediate Municipal Bonds

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
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

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.

FIMU Cost

Expense ratio0.31%
  • The middle half of Intermediate Municipal Bonds funds
  • Median 0.35%

7 of the 19 Intermediate Municipal Bonds funds charge less.

FIMU costs $31.00 a year on $10,000. The median Intermediate Municipal Bonds fund costs $35.00.

Other funds in Intermediate Municipal Bonds

See others