Fidelity Intermediate Municipal Income ETF (FIMU)

Fidelity Intermediate Municipal Income ETF (FIMU) is an actively managed exchange-traded fund from Fidelity Investments. It seeks a high level of current income that is exempt from federal income tax.

The fund invests primarily in investment-grade municipal bonds issued by U.S. states, cities and other local government entities, keeping the portfolio's interest-rate sensitivity in the intermediate range. Fidelity's municipal research team selects bonds based on credit analysis, structure and relative value across sectors and states.

The fund is listed on Nasdaq and is designed as an intermediate-term core municipal bond holding. Income from the fund may still be subject to state and local taxes or the alternative minimum tax, depending on the investor. The portfolio is diversified across many issuers and sectors of the municipal market, such as general obligation, transportation, health care and utility bonds.