FSMUX Mutual Fund
FSMUX Mutual Fund
NAV$8.73
AUM$14.2B
TER0.19%
Holdings6,877
See how much of FSMUX you already own
FSMUX Mutual Fund
NAV$8.73
Strategic Advisers Municipal Bond Fund
AUM$14.2B
TER0.19%
Holdings6,877
See how much of FSMUX you already own
Showing top 50 of 6,106 holdings · as of Feb 28, 2026
| # | Ticker | Name | Weight | Cumulative | Shares | Mkt value | Sector | Industry |
|---|---|---|---|---|---|---|---|---|
| 1 | Debt | Allspring Municipal Bond Fund - Class Admin | 6.18% | 6.2% | 88,010,748 | $865.15M | - | - |
| 2 |  V | Vanguard Long-Term Tax-Exempt Adm | 4.96% | 11.1% | 63,081,465 | $694.53M | - | - |
| 3 |  F | Franklin Federal T/f Inc | 4.69% | 15.8% | 59,894,143 | $656.44M | - | - |
| 4 |  F | FIMM MM Government Portfolio - Instl ClFinancials · Capital Markets | 3.45% | 19.3% | 482,309,091 | $482.31M | Financials | Capital Markets |
| 5 | Debt | Ishares National Muni Bond ETFFinancials · Capital Markets | 2.31% | 21.6% | 2,964,380 | $322.88M | Financials | Capital Markets |
| 6 | Debt | Vanguard Tax-Exempt Bond EtfFinancials · Capital Markets | 2.22% | 23.8% | 6,069,209 | $310.44M | Financials | Capital Markets |
| 7 | Debt | Dws Managed Municipal Bond Fund - Class S | 2.19% | 26.0% | 37,745,143 | $306.11M | - | - |
| 8 |  F | Fidelity Sai Enhanced Municipal Income Fund | 1.85% | 27.9% | 25,219,940 | $259.26M | - | - |
| 9 |  M | Blackrock National Municipal Fund Investor A Shares | 1.85% | 29.7% | 25,517,730 | $259.00M | - | - |
| 10 |  L | Ishares Edge Msci Multifactor Usa Etf | 1.74% | 31.4% | 26,359,949 | $243.83M | - | - |
| 11 | Debt | American High-Income Municipal Bond Fund | 1.11% | 32.6% | 9,996,196 | $155.64M | - | - |
| 12 | — | Fidelity Municipal Cash Central FundFinancials · Capital Markets | 0.57% | 33.1% | 80,007,974 | $80.02M | Financials | Capital Markets |
| 13 |  A | Invesco Government & Agency Portfolio, Institutional ClassFinancials · Capital Markets | 0.29% | 33.4% | 40,242,334 | $40.24M | Financials | Capital Markets |
| 14 | — | Main Street Natural Gas Inc Ga Regd N/C V/R B/E 4.00000000Utilities · Gas Utilities | 0.27% | 33.7% | - | $37.44M | Utilities | Gas Utilities |
| 15 | Debt | Puerto Rico Sales Tax Financing Corp SaFinancials · Diversified Financial Services | 0.24% | 33.9% | - | $33.88M | Financials | Diversified Financial Services |
| 16 | — | Southeast Energy Auth Coop Dis 5% Oct 01, 2030 | 0.23% | 34.2% | - | $31.49M | - | - |
| 17 | — | Tennessee Energy 5% 12/35 5 | 0.20% | 34.4% | - | $28.50M | - | - |
| 18 | Debt | Public Energy Authority O | 0.15% | 34.5% | - | $20.99M | - | - |
| 19 | Debt | California Cmnty Choice Fing AFinancials · Diversified Financial Services | 0.14% | 34.6% | - | $20.28M | Financials | Diversified Financial Services |
| 20 | Debt | ChieduConsumer Disc. · Diversified Consumer Services | 0.14% | 34.8% | - | $18.89M | Consumer Disc. | Diversified Consumer Services |
| 21 | Debt | Puerto Rico Sales Tax Financing Corp SaFinancials · Diversified Financial Services | 0.13% | 34.9% | - | $18.21M | Financials | Diversified Financial Services |
| 22 | — | Black Belt Energy Gas Dist Al Bbeutl 12/55 Adjustable Var | 0.13% | 35.0% | - | $18.27M | - | - |
| 23 | — | Main Street Natural Gas Inc Ga Maiutl 09/53 Adjustable VarUtilities · Gas Utilities | 0.12% | 35.2% | - | $16.52M | Utilities | Gas Utilities |
| 24 | Debt | Texas Transportation Finance Corp | 0.12% | 35.3% | - | $16.37M | - | - |
| 25 | Debt | Empire State Development CorpFinancials · Diversified Financial Services | 0.11% | 35.4% | - | $15.70M | Financials | Diversified Financial Services |
| 26 | — | New York Energy Fin Dev Corp Nyefac 07/56 Adjustable VarFinancials · Diversified Financial Services | 0.11% | 35.5% | - | $15.55M | Financials | Diversified Financial Services |
| 27 | — | Southeast Energy Authority A Cooperative DistrictUtilities · Power & Renewables | 0.11% | 35.6% | - | $15.89M | Utilities | Power & Renewables |
| 28 | Debt | Illinois StFinancials · Banks | 0.11% | 35.7% | - | $15.01M | Financials | Banks |
| 29 | Debt | New York Transportation Development CorpReal Estate · Real Estate Management | 0.11% | 35.8% | - | $15.96M | Real Estate | Real Estate Management |
| 30 | Debt | Lower Alabama Gas District/The | 0.11% | 35.9% | - | $15.11M | - | - |
| 31 | — | Tennessee St Energy Acquisitio Tnsutl 11/34 Fixed 5 | 0.11% | 36.1% | - | $16.07M | - | - |
| 32 | — | Pennsylvania St Econ Dev Fing Pasdev 06/48 Fixed 5.75Financials · Diversified Financial Services | 0.10% | 36.2% | - | $14.37M | Financials | Diversified Financial Services |
| 33 | — | Pennsylvania Economic Development Financing Authority, Pennsylvania, Private Activity Revenue Bonds, The Penndot Major Bridges Package One Project, SeFinancials · Thrifts | 0.10% | 36.3% | - | $14.49M | Financials | Thrifts |
| 34 | Debt | Pub Fin AFinancials · Diversified Financial Services | 0.10% | 36.4% | - | $14.58M | Financials | Diversified Financial Services |
| 35 | — | S E Energ Vrn 03/01/55Utilities · Power & Renewables | 0.10% | 36.5% | - | $14.36M | Utilities | Power & Renewables |
| 36 | — | Black Belt Energy Gas Dist Ala 5.5% Feb 01, 2029Utilities · Gas Utilities | 0.10% | 36.6% | - | $14.18M | Utilities | Gas Utilities |
| 37 | Debt | Commonwealth Of Puerto RicoFinancials · Diversified Financial Services | 0.10% | 36.7% | - | $14.36M | Financials | Diversified Financial Services |
| 38 | Debt | Main Street Natural Gas IncUtilities · Gas Utilities | 0.10% | 36.8% | - | $14.36M | Utilities | Gas Utilities |
| 39 | — | Texas Mun Gas Acquisition & Su 5% Jan 01, 2034Utilities · Gas Utilities | 0.10% | 36.9% | - | $13.57M | Utilities | Gas Utilities |
| 40 | — | California Community Choice Fi 5.0000% Mat 01/01/2055Financials · Diversified Financial Services | 0.09% | 36.9% | - | $13.11M | Financials | Diversified Financial Services |
| 41 | Debt | California Community Choice Financing AuthorityFinancials · Diversified Financial Services | 0.09% | 37.0% | - | $12.75M | Financials | Diversified Financial Services |
| 42 | Debt | Main Street Natural Gas IncUtilities · Gas Utilities | 0.09% | 37.1% | - | $12.61M | Utilities | Gas Utilities |
| 43 | Debt | Allegheny County, Pa Airport Auth. Rev. (Pittsburgh International Airport) (Agm Insured)Financials · Diversified Financial Services | 0.09% | 37.2% | - | $11.89M | Financials | Diversified Financial Services |
| 44 | — | California Cmnty Choice Fing AFinancials · Diversified Financial Services | 0.09% | 37.3% | - | $12.75M | Financials | Diversified Financial Services |
| 45 | Debt | New York Transportation Development CorpReal Estate · Real Estate Management | 0.09% | 37.4% | - | $13.03M | Real Estate | Real Estate Management |
| 46 | — | Jefferson Cnty Al Swr Revenue 5.5 10-01-2053Utilities · Water Utilities | 0.09% | 37.5% | - | $11.90M | Utilities | Water Utilities |
| 47 | — | California Cmnty Choice Fing A Ccedev 12/35 Fixed 5 | 0.09% | 37.6% | - | $13.06M | - | - |
| 48 | — | Puerto Rico Cmwlth | 0.09% | 37.7% | - | $12.36M | - | - |
| 49 | — | DALLAS-FORT WORTH TX International APRT REV 5.25%, due 11/01/2038 | 0.09% | 37.8% | - | $12.70M | - | - |
| 50 | Debt | Phil Pa Airport | 0.09% | 37.8% | - | $12.89M | - | - |
| More holdings · Pro | ||||||||
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Not reported for this fund: share changes.
FSMUX Mutual Fund All Holdings
FSMUX holdings total 6877 positions. The top 10 holdings account for 31.4% of the fund, led by Allspring Municipal Bond Fund - Class Admin at 6.2%, Vanguard Long-Term Tax-Exempt Adm at 5.0%, Franklin Federal T/f Inc at 4.7%.
FSMUX portfolio concentration is moderate, with the top 10 representing 31.4% of total assets. The largest sector exposure is Financials at 20.6%.
FSMUX sectors provide a detailed breakdown. FSMUX overlap shows how holdings compare to other funds in your portfolio.