Fidelity Municipal Bond Opportunities ETF
$48.86−0.50 (−1.01%)
- Expense ratio
- 0.30%
- Fund size
- $259M
- 1Y return
- +0.0%
- Yield · Last 12 months
- 3.64%
- Holdings
- 388
- Volume · 30D
- 0M sh
- NAV per share
- $49.20
- 52W range
The ETF.net FMUB Grade
Score 73 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 100Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 85Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 49Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 37Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 71Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 44Category rank
Our read on FMUB
ATax-free income is the job, but the mandate also leaves room for capital growth. Fidelity's 2023-vintage muni fund spreads across roughly 400 bonds and pays monthly.
The fund seeks high current income exempt from federal income tax, with capital growth also considered.
Why people hold it
- The mandate is broader than the usual muni playbook: high current income exempt from federal income tax, with capital growth also considered.
- It does what the label says. The portfolio hews closely to its stated muni-income mandate, one of the tighter mandate matches among municipal bond ETFs.
- Roughly 400 bonds behind it, and the payout runs monthly rather than quarterly.
Worth knowing
- At 0.30%, the fee sits right at the muni-ETF median. Index-tracking staples like VTEB (0.03%) and MUB (0.05%) charge a fraction of that.
- It trades thinly next to the category's giants, which can mean wider spreads at the moment you place an order.
- Launched in 2023, so the track record is short and assets stay modest against the multi-billion-dollar muni index funds.
FMUB Holdings
- Bonds
- 388
- 10%
- LOUIS/JEFF HLTH 5% 10/01/33
Geography
- United States100.00%
FMUB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | FMUB |
|---|---|
| Year to date | −1.0% |
| 1 month | −2.3% |
| 3 months | −3.0% |
| 1 year | +0.0% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FMUB |
|---|---|---|
| 2026 YTD | −1.0% | |
| 2025 | +6.6% |
FMUB in the news
ETF.net Research hasn’t filed on FMUB yet — coverage lands here as it’s written.
FMUB Dividends
- 3.64%
- $1.80
- $0.14 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 28, 2026 | Sep 1, 2026 | $0.14 |
| Jul 30, 2026 | Aug 3, 2026 | $0.14 |
| Jun 29, 2026 | Jul 1, 2026 | $0.15 |
| May 28, 2026 | Jun 1, 2026 | $0.13 |
| Apr 29, 2026 | May 1, 2026 | $0.14 |
| Mar 30, 2026 | Apr 1, 2026 | $0.14 |
| Feb 26, 2026 | Mar 2, 2026 | $0.13 |
| Jan 29, 2026 | Feb 2, 2026 | $0.14 |
| Dec 30, 2025 | Jan 2, 2026 | $0.15 |
| Dec 5, 2025 | Dec 9, 2025 | $0.10 |
| Nov 26, 2025 | Dec 1, 2025 | $0.15 |
| Oct 30, 2025 | Nov 3, 2025 | $0.15 |
FMUB Risk
- 3.6%
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.
- 0.09
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.
- −3.5%
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.
- 0.91
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMUB Cost
- The middle half of High-Yield Municipal Bonds funds
- Median 0.40%
No High-Yield Municipal Bonds fund charges less.