What are the top holdings of FMUN?

Fidelity Systematic Municipal Bond Index ETF holds 1159 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.

How many holdings does FMUN have?

FMUN holds 1159 positions as reported by the fund's most recent disclosure.

What sectors does FMUN invest in?

Fidelity Systematic Municipal Bond Index ETF (FMUN) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.

What sector is FMUN most exposed to?

FMUN's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.

Is FMUN a US-only fund?

The country allocation card on this page shows FMUN's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.

What does FMUN invest in?

The fund endeavors to provide access to American municipal debt, specifically those deemed investment-grade, which demonstrate superior risk-adjusted returns and ease of trading compared to the general municipal bond landscape.

FMUN

Fidelity Systematic Municipal Bond Index ETF

NASDAQ·Asset Management, Bonds · Financial Services

$48.38$0.05+0.10%

Market closed·Oct 23 4:00 PM EDT

Portfolio as of March 31, 2026, from the fund's SEC Form N-PORT filing. Funds disclose holdings quarterly, with a ~60-day publication delay. The fund filed 1,201 positions; the 1,000 largest by weight are shown. Sector breakdowns aren't part of this filing, so none is shown.

Top Holdings

1000

holdings

13013JEA0
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV
2.28%
74440DFN9
KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV
0.91%
79574CBW2
SALT RIVER PROJ AZ AGRIC and PWR
0.85%
91412HSH7
UNIVERSITY CA REVS
0.62%
56035DDX7
MAIN STR NAT GAS INC GA GAS SUPPLY REV
0.57%
709225LE4
PENNSYLVANIA ST TPK COMMN TPK
0.52%
13063ENV4
CALIFORNIA ST
0.52%
84136HBT9
SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT
0.49%
89602HAA5
NY PAYROLL MOBILITY TX
0.47%
452153JU4
ILLINOIS ST
0.47%
Other
990 more holdings
89.35%

Top 10 holdings

7.69%

Top 25 holdings

13.17%

Concentration index

0.0023

Effective holdings

440

Chart tools

Open Top Holdings in Chart Builder to fine-tune colors, labels, and timeframe, then download a high-res PNG.

All Holdings (1000)

#	TickerHolding	Name	Weight	Shares	Market Value
1	13013JEA013013JEA0CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV	CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV	2.28%	3.98M	$4.06M
2	74440DFN974440DFN9KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV	KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV	0.91%	1.53M	$1.62M
3	79574CBW279574CBW2SALT RIVER PROJ AZ AGRIC and PWR	SALT RIVER PROJ AZ AGRIC and PWR	0.85%	1.50M	$1.52M
4	91412HSH791412HSH7UNIVERSITY CA REVS	UNIVERSITY CA REVS	0.62%	1.00M	$1.11M
5	56035DDX756035DDX7MAIN STR NAT GAS INC GA GAS SUPPLY REV	MAIN STR NAT GAS INC GA GAS SUPPLY REV	0.57%	1.00M	$1.01M
6	709225LE4709225LE4PENNSYLVANIA ST TPK COMMN TPK	PENNSYLVANIA ST TPK COMMN TPK	0.52%	850.00K	$929.50K
7	13063ENV413063ENV4CALIFORNIA ST	CALIFORNIA ST	0.52%	800.00K	$922.42K
8	84136HBT984136HBT9SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT	SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT	0.49%	850.00K	$873.29K
9	89602HAA589602HAA5NY PAYROLL MOBILITY TX	NY PAYROLL MOBILITY TX	0.47%	910.00K	$844.63K
10	452153JU4452153JU4ILLINOIS ST	ILLINOIS ST	0.47%	780.00K	$837.88K
11	650116HA7650116HA7NEW YORK TRANSPORTATION DEVELOPMENT CORP	NEW YORK TRANSPORTATION DEVELOPMENT CORP	0.44%	795.00K	$787.84K
12	56035DGT356035DGT3MAIN STR NAT GAS INC GA GAS SUPPLY REV	MAIN STR NAT GAS INC GA GAS SUPPLY REV	0.42%	700.00K	$741.77K
13	09182TDU809182TDU8BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV	BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV	0.40%	680.00K	$721.23K
14	544647HN3544647HN3LOS ANGELES CA UNI SCH DIST	LOS ANGELES CA UNI SCH DIST	0.40%	630.00K	$709.70K
15	13013JBJ413013JBJ4CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV	CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV	0.38%	670.00K	$678.17K
16	544532MH4544532MH4LOS ANGELES CALIF WTR and PWR RE	LOS ANGELES CALIF WTR and PWR RE	0.37%	595.00K	$658.47K
17	59261AYZ459261AYZ4METROPOLITAN TRANSN AUTH NY RV	METROPOLITAN TRANSN AUTH NY RV	0.37%	650.00K	$657.44K
18	64972JPS164972JPS1NEW YORK N Y CITY TRANSITIONALFIN AUTH REV	NEW YORK N Y CITY TRANSITIONALFIN AUTH REV	0.36%	705.00K	$638.08K
19	19648FJZ819648FJZ8COLORADO HEALTH FACS AUTH CO	COLORADO HEALTH FACS AUTH CO	0.36%	655.00K	$634.57K
20	64990F6T664990F6T6NEW YORK ST DORM AUTH ST PERSINCOME TAX REV	NEW YORK ST DORM AUTH ST PERSINCOME TAX REV	0.35%	600.00K	$630.62K

Showing 20 of 1,000

Sectors

sector

Cash & Others
100.00%

Top 3 sectors

100.00%

Top 5 sectors

100.00%

Concentration index

1.0000

Effective sectors

Chart tools

Open Sector Allocation in Chart Builder to fine-tune colors, labels, and timeframe, then download a high-res PNG.

Countries

Domicile

United States · 97.04%

Asset Classes

Primary asset class

Fixed income

Strategy

Thematic

Income strategy

Bond yield

Issuer-reported asset class: Fixed Income

Frequently Asked Questions About FMUN

What are the top holdings of FMUN?: Fidelity Systematic Municipal Bond Index ETF holds 1159 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.
How many holdings does FMUN have?: FMUN holds 1159 positions as reported by the fund's most recent disclosure.
What sectors does FMUN invest in?: Fidelity Systematic Municipal Bond Index ETF (FMUN) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
What sector is FMUN most exposed to?: FMUN's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
Is FMUN a US-only fund?: The country allocation card on this page shows FMUN's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
What does FMUN invest in?: The fund endeavors to provide access to American municipal debt, specifically those deemed investment-grade, which demonstrate superior risk-adjusted returns and ease of trading compared to the general municipal bond landscape.

TickerHolding

Name

Weight

Market Value

13013JEA013013JEA0CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

2.28%

3.98M

$4.06M

74440DFN974440DFN9KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV

0.91%

1.53M

$1.62M

79574CBW279574CBW2SALT RIVER PROJ AZ AGRIC and PWR

SALT RIVER PROJ AZ AGRIC and PWR

0.85%

1.50M

$1.52M

91412HSH791412HSH7UNIVERSITY CA REVS

UNIVERSITY CA REVS

0.62%

1.00M

$1.11M

56035DDX756035DDX7MAIN STR NAT GAS INC GA GAS SUPPLY REV

MAIN STR NAT GAS INC GA GAS SUPPLY REV

0.57%

1.00M

$1.01M

709225LE4709225LE4PENNSYLVANIA ST TPK COMMN TPK

PENNSYLVANIA ST TPK COMMN TPK

0.52%

850.00K

$929.50K

13063ENV413063ENV4CALIFORNIA ST

CALIFORNIA ST

0.52%

800.00K

$922.42K

84136HBT984136HBT9SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT

SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT

0.49%

850.00K

$873.29K

89602HAA589602HAA5NY PAYROLL MOBILITY TX

NY PAYROLL MOBILITY TX

0.47%

910.00K

$844.63K

452153JU4452153JU4ILLINOIS ST

ILLINOIS ST

0.47%

780.00K

$837.88K

650116HA7650116HA7NEW YORK TRANSPORTATION DEVELOPMENT CORP

NEW YORK TRANSPORTATION DEVELOPMENT CORP

0.44%

795.00K

$787.84K

56035DGT356035DGT3MAIN STR NAT GAS INC GA GAS SUPPLY REV

MAIN STR NAT GAS INC GA GAS SUPPLY REV

0.42%

700.00K

$741.77K

09182TDU809182TDU8BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV

BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV

0.40%

680.00K

$721.23K

544647HN3544647HN3LOS ANGELES CA UNI SCH DIST

LOS ANGELES CA UNI SCH DIST

0.40%

630.00K

$709.70K

13013JBJ413013JBJ4CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

0.38%

670.00K

$678.17K

544532MH4544532MH4LOS ANGELES CALIF WTR and PWR RE

LOS ANGELES CALIF WTR and PWR RE

0.37%

595.00K

$658.47K

59261AYZ459261AYZ4METROPOLITAN TRANSN AUTH NY RV

METROPOLITAN TRANSN AUTH NY RV

0.37%

650.00K

$657.44K

64972JPS164972JPS1NEW YORK N Y CITY TRANSITIONALFIN AUTH REV

NEW YORK N Y CITY TRANSITIONALFIN AUTH REV

0.36%

705.00K

$638.08K

19648FJZ819648FJZ8COLORADO HEALTH FACS AUTH CO

COLORADO HEALTH FACS AUTH CO

0.36%

655.00K

$634.57K

64990F6T664990F6T6NEW YORK ST DORM AUTH ST PERSINCOME TAX REV

NEW YORK ST DORM AUTH ST PERSINCOME TAX REV

0.35%

600.00K

$630.62K