Fidelity Salem Street Trust - Fidelity Systematic Municipal Bond Index ETF (FMBIX)
Fidelity Salem Street Trust - Fidelity Systematic Municipal Bond Index ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $18.45, up 0.33% on the session, giving a market capitalisation of $174.9M. Its beta of 1.04 implies it has historically moved more than the broad market.
The fund generally commits a minimum of 80% of its assets to investments included in the Bloomberg Municipal Bond Index. This market value-weighted benchmark consists of investment-grade municipal bonds with maturities of one year or longer. The income derived from these municipal bonds is typically not subject to federal income tax, although it might still fall under the federal alternative minimum tax.
Fidelity Salem Street Trust - Fidelity Systematic Municipal Bond Index ETF is most often compared with the following Financial Services names: