# Portfolio overlap — FSTFX vs FMUB

Comparing **Fidelity Limited Term Municipal Income Fund** (2026-03-31) and **Fidelity Municipal Bond Opportunities ETF** (2026-01-31).

- Shared positions: 51
- Fidelity Limited Term Municipal Income Fund covered by Fidelity Municipal Bond Opportunities ETF: 0.1249103017856934423658887133
- Fidelity Municipal Bond Opportunities ETF covered by Fidelity Limited Term Municipal Income Fund: 0.1249103017856934423658887133

## Fidelity Limited Term Municipal Income Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Fidelity Municipal Cash Central Fund | 0.054522 | ✓ |
| SOUTHEAST ENERGY-E | 0.013502 | ✓ |
| WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE | 0.009282 |  |
| WA ST HLTH CAR 5% 10/1/2035 | 0.007430 |  |
| MTRO WA DC ARPT 5% 10/1/2028 @ | 0.007421 |  |
| NYC NY 5% 8/1/2028 | 0.006804 |  |
| BLACK BELT ENERGY GAS VAR | 0.006642 | ✓ |
| Southeast Energy Authority, Alabama, Revenue Bonds Cooperative District Energy Supply Series 2024C | 0.006628 | ✓ |
| WA ST HLTH CAR 5% MT | 0.006157 |  |
| WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE | 0.006032 |  |
| WA ST HLTH CAR 5% 10/1/2030 | 0.005946 |  |
| MAIN STR NAT GA 4% MT | 0.005921 |  |
| WHITING IN ENVRNMNTL FACS REVE REGD V/R B/E AMT 5.00000000 | 0.005535 |  |
| MAIN STR NAT GA 4% 07/01/2052 MT | 0.005236 |  |
| School District of Broward County, Series 2025A | 0.005073 |  |
| OKLAHOMA CTY OK 3% 7/1/2026 | 0.005015 |  |
| CHICAGO IL BRD OF EDU | 0.004873 |  |
| DFW ARPT 5% 11/1/2050 MT @ | 0.004846 |  |
| California Community Choice Financing Authority | 0.004752 |  |
| WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE | 0.004748 |  |
| NYC NY 5% 8/1/2027 | 0.004699 |  |
| State of New Jersey, Series 2020A | 0.004648 |  |
| NY TRANS CORP 5% 12/1/2026 @ | 0.004642 |  |
| UT CNTY UT HOSP 5% MT | 0.004587 |  |
| MTRO WA DC ARPT 5% 10/1/2026@ | 0.004504 |  |
| NY TRANS CORP 5% 12/1/2027 @ | 0.004471 |  |
| TN TNSUTL 5 11/01/2034 | 0.004459 | ✓ |
| COLORADO ST HLTH FACS AUTH REVENUE | 0.004449 |  |
| TX SANUTL 02/01/2055 | 0.004386 |  |
| PORT NY NJ 5% 12/1/2028 @ | 0.004341 |  |
| KY HSG SFM 6% 7/1/2054 | 0.004284 |  |
| MAIN STR NAT GA 5% MT | 0.004283 |  |
| LOVE FLD MOD TX 5% 11/1/2029 @ | 0.004283 |  |
| MINNEAPOLS MN 5% MT | 0.004278 | ✓ |
| NYC NY 5% 8/1/2028 | 0.004170 |  |
| TARRANT TX EDFC 5% MT | 0.004056 |  |
| LOVE FLD MOD TX 5% 11/1/2028 @ | 0.004024 |  |
| OHIO HOUSING FINANCE AGENCY FNMA/GNMA/FHLMC 3.25% 03-01-51 | 0.003872 |  |
| NJ ST TRANSN TR FD | 0.003810 |  |
| MAIN STR NAT GA 5% MT | 0.003784 | ✓ |
| NE CENPWR 08/01/2055 | 0.003738 | ✓ |
| GRAND PKWY TRANSPRTN | 0.003720 | ✓ |
| CALIFORNIA COMMUNITY VAR | 0.003678 |  |
| SAN ANTONIO TX ELEC   GAS REVE SANUTL 12/45 ADJUSTABLE VAR | 0.003660 |  |
| HARRIS TX CED 5% MT | 0.003650 |  |
| New Jersey Transportation Trust Fund Authority | 0.003626 |  |
| SOUTHEAST ENRG 5% MT | 0.003621 | ✓ |
| GEORGIA POWER CO (MPT) 2.9% 08-01-43 | 0.003593 |  |
| MAIN STR NAT GA 5% MT | 0.003548 | ✓ |
| HI ST 5% 10/1/2026 | 0.003463 |  |

## Fidelity Municipal Bond Opportunities ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Fidelity Municipal Cash Central Fund | 0.061875 | ✓ |
| MAIN STR NAT GA 5% 5/1/2055 MT | 0.013666 |  |
| DFW ARPT 5% 11/1/2026 @ | 0.012854 |  |
| SOUTHEAST ENERGY-E | 0.012192 | ✓ |
| ILLINOIS FIN AT 5.25% 7/1/2035 | 0.010122 |  |
| RI STUD LN 5% 12/1/2028 @ | 0.008026 |  |
| LANCASTER H AUT 5% 11/1/2027 | 0.007627 |  |
| State of Connecticut Special Tax, Series 2024A-2 | 0.007501 |  |
| Pennsylvania (Commonwealth of), Series 2025, GO Bonds | 0.007204 |  |
| GREAT LAKES WTR 5% 7/1/2031 | 0.007179 |  |
| PORT SEATTLE 5% 7/1/2037 @ | 0.007033 |  |
| MTRO WA DC ARPT 5% 10/1/2029 @ | 0.006867 |  |
| WAYNE CO MI AAR 5% 12/1/2029@ | 0.006848 |  |
| CHICAGO MIDWAY INTL 5.00% | 0.006831 |  |
| South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group), Series 2025, RB | 0.006830 | ✓ |
| W VIRGINIA ST H-SER B | 0.006796 |  |
| CHICAGO IL BRD OF EDU REGD B/E 6.25000000 | 0.006715 |  |
| Lower Colorado River Authority, Series 2025A | 0.006710 |  |
| DFW ARPT 5.5% 11/1/50@ | 0.006701 |  |
| MET NASH AIR TN 5% 7/1/2045 @ | 0.006651 |  |
| MID-BAY BRIDGE AUTHORITY AG 5.0% 10-01-30 | 0.006494 |  |
| SAN ANTONIO TX ELEC & GAS REVE REGD V/R B/E 0.00000000 | 0.006398 | ✓ |
| COLUMBUS HSG RE 3.19% 6/1/2044 MT | 0.006395 |  |
| KING WA MHSG 3.25% 5/1/33 | 0.006370 |  |
| MONTANA ST 4.85% 12/1/2055 | 0.006347 |  |
| Pine View Public Infrastructure District No. 2, Series 2026 | 0.006345 |  |
| BUCKEYE TOBACCO SETTLEMENT FIN BUCGEN 06/48 FIXED 3 | 0.006270 |  |
| SIOUX FALLS REG 5% 12/1/2032 @ | 0.005712 |  |
| PORT PORT ARTHUR TEX NAV DIST MOTIVA ENTERPRISES-C | 0.005710 |  |
| DENVER CO ARPT 5% 12/1/2036 @ | 0.005699 |  |
| WAYNE COUNTY AIRPORT AUTHORITY WAYAPT 12/44 FIXED 5.5 | 0.005663 |  |
| Seminole County School District, Florida, Sales Tax Revenue Bonds, Series 2025 | 0.005465 |  |
| REDMOND OR REGD B/E AMT 5.00000000 | 0.005397 |  |
| Chicago O'Hare International Airport, Series 2018B | 0.005250 |  |
| VIRGIN ISLANDS TRANSPRTN & INFRASTRUCTURE CORP GRANT ANTIC | 0.005236 |  |
| LA CA AIRPT 5.50% 5/15/2036 @ | 0.005113 |  |
| NORTH CAROLINA ST HSG FIN AGY REGD B/E GNMA/FN 6.25000000 | 0.005112 | ✓ |
| SOUTH DAKOTA ST HSG DEV AUTH REGD B/E GNMA/FN 6.25000000 | 0.005034 |  |
| SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE | 0.004931 |  |
| WASHINGTON ST HGR EDU FACS AUT REGD OID B/E 4.00000000 | 0.004886 |  |
| UT SSTGEN 6.25 04/15/2046 | 0.004811 |  |
| PEA R AR 704537 2% 2/1/2043 | 0.004704 |  |
| NEW YORK ST DORM AUTH REVENUES REGD B/E 5.00000000 | 0.004692 |  |
| STATE OF NEW YORK SALES TAX REVENUE 3.0% 03-15-49 | 0.004689 |  |
| IOWASTUD LIQUID 5% 12/1/2033 | 0.004632 |  |
| N TX TOLLWAY AUTH REVENUE | 0.004595 |  |
| MUNIBOND | 0.004592 |  |
| MISSOURI ST DEV FIN BRD SOLID WASTE DISP REV PROCTER and GAMBLE PAPER PRODS@ | 0.004565 | ✓ |
| LOWER AL GAS DT-A-REF | 0.004558 |  |
| SOUTHEAST ENERGY-D | 0.004545 |  |


## Sources

- N-PORT (fund A) — accession `0000035402-26-003413` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/35373/000003540226003413/0000035402-26-003413-index.htm>
- N-PORT (fund B) — accession `0000035402-26-002026` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1562565/000003540226002026/0000035402-26-002026-index.htm>

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