Fidelity Intermediate Municipal Income ETF (FIMU) Price & Chart

Fidelity Intermediate Municipal Income ETF

Fidelity Intermediate Municipal Income ETF (FIMU) is an actively managed exchange-traded fund that seeks to provide tax-efficient income by investing in a diversified portfolio of investment‑grade municipal securities issued by states, cities and local authorities. Positioned in the Government/Local Authority — Municipal category, FIMU targets the intermediate niche, maintaining a dollar‑weighted average maturity between roughly three and ten years to balance yield potential with moderated interest‑rate sensitivity. By focusing on investment‑grade credits, the fund emphasizes preservation of capital and lower default risk relative to lower‑rated muni strategies, while active security selection and duration management aim to capture relative value across sectors, issuers and maturities. As an ETF, FIMU offers intraday liquidity and transparent pricing for investors seeking a cost‑effective way to access a broad municipal bond sleeve. The strategy is principally designed for taxable investors looking for federally tax‑exempt income (state and local tax treatment may vary), but investors should be mindful of interest‑rate, credit and call risks inherent in municipal bond investing.