FMUB Fees and Costs — Fidelity Municipal Bond Opportunities ETF
Data updated: 2026-09-23
The net expense ratio is 0.30%. There are no sales loads or redemption fees. Portfolio turnover was 39%.
FMUB Fees and Expenses
Annual operating expenses and sales charges of FMUB. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.30% |
| Fee waiver | — |
| Net expense ratio | 0.30% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FMUB Costs Over Time
On $10,000 invested in FMUB, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
FMUB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $117.5M
- Portfolio turnover (prospectus): 39%
- Securities lending: none during the year
FMUB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA CORPORATION | $32.5M | 37.07% |
| GOLDMAN SACHS GROUP INC (THE) | $8.7M | 9.92% |
| JPMORGAN CHASE and CO | $8.5M | 9.68% |
| ROYAL BANK OF CANADA | $8.0M | 9.17% |
| MORGAN STANLEY | $7.3M | 8.36% |
| THE TORONTO DOMINION BANK | $5.9M | 6.74% |
| PIPER SANDLER COS | $4.7M | 5.38% |
| DA DAVIDSON COS | $4.3M | 4.93% |
| LOOP CAPITAL MARKETS, LLC | $4.1M | 4.63% |
| RAYMOND JAMES FINANCIAL INC. | $3.6M | 4.12% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.