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See exactly how FMUN's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
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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.
A tidal wave of conversions has siphoned an unprecedented amount of capital out of mutual funds and into the ETF wrapper. Last year's record 60 mutual-fund-to-ETF conversions in 2025 across 31 firms pushed total converted assets past $260 billion, and the past five years have now seen a grand total of 203 conversions.
In the current fixed income environment, muni bonds are offering a sought after combination of yield and credit quality. One option that may be worth considering is the Fidelity Systematic Municipal Bond Index ETF (FMUN).
Fidelity Investments has expanded its offerings of alternative investments with the addition of a managed futures ETF. Fidelity launched the Fidelity Managed Futures ETF (FFUT) on The Nasdaq Stock Market LLC on June 5.
Fidelity Investments has expanded its offerings of alternative investments with the addition of a managed futures ETF. Fidelity launched the Fidelity Managed Futures ETF (FFUT) on Nasdaq/NMS Global Market on June 5.
Muni bond ETFs are popular as they can offer reliable income, low credit risk, and exemption from federal taxes on the income paid by the bond. Furthermore, muni bond ETFs can solve investors' need for yield and tax-free investment offerings.