FSMUX Mutual Fund
FSMUX Mutual Fund
NAV$8.25
AUM$14.3B
TER0.19%
Holdings6,808
See how much of FSMUX you already own
FSMUX Mutual Fund
NAV$8.25
Strategic Advisers Municipal Bond Fund
AUM$14.3B
TER0.19%
Holdings6,808
See how much of FSMUX you already own
Showing top 50 of 6,063 holdings · as of Jun 30, 2026
| # | Ticker | Name | Weight | Cumulative | Shares | Mkt value | Sector | Industry |
|---|---|---|---|---|---|---|---|---|
| 1 | Debt | Allspring Municipal Bond Fund - Class Admin | 6.28% | 6.3% | 93,114,121 | $908.79M | - | - |
| 2 |  V | Vanguard Long-Term Tax-Exempt Adm | 4.83% | 11.1% | 63,888,265 | $698.30M | - | - |
| 3 |  F | Franklin Federal T/f Inc | 4.64% | 15.8% | 61,626,710 | $671.11M | - | - |
| 4 |  F | FIMM MM Government Portfolio - Instl ClFinancials · Capital Markets | 3.31% | 19.1% | 479,273,919 | $479.27M | Financials | Capital Markets |
| 5 |  F | Fidelity Sai Enhanced Municipal Income Fund | 2.39% | 21.4% | 33,954,504 | $345.32M | - | - |
| 6 | Debt | Vanguard Tax-Exempt Bond EtfFinancials · Capital Markets | 2.37% | 23.8% | 6,766,393 | $342.24M | Financials | Capital Markets |
| 7 | Debt | Ishares National Muni Bond ETFFinancials · Capital Markets | 2.34% | 26.2% | 3,150,979 | $339.11M | Financials | Capital Markets |
| 8 | Debt | Dws Managed Municipal Bond Fund - Class S | 2.14% | 28.3% | 38,276,350 | $308.89M | - | - |
| 9 |  M | Blackrock National Municipal Fund Investor A Shares | 1.83% | 30.1% | 26,326,157 | $264.31M | - | - |
| 10 | — | Eaton Vance National Municipal Income I | 1.73% | 31.9% | 27,260,332 | $250.80M | - | - |
| 11 | Debt | American High-Income Municipal Bond Fund | 1.10% | 33.0% | 10,259,052 | $159.32M | - | - |
| 12 |  A | Invesco Government & Agency Portfolio, Institutional ClassFinancials · Capital Markets | 0.31% | 33.3% | 44,325,104 | $44.33M | Financials | Capital Markets |
| 13 | Debt | Puerto Rico Sales Tax Financing Corp SaFinancials · Diversified Financial Services | 0.27% | 33.5% | 40,282,000 | $39.77M | Financials | Diversified Financial Services |
| 14 | — | Fidelity Municipal Cash Central FundFinancials · Capital Markets | 0.27% | 33.8% | 38,402,865 | $38.41M | Financials | Capital Markets |
| 15 | — | Black Belt Energy Gas Dist Ala Gas Proj Rev Bds 12/01/2034 | 0.21% | 34.0% | 28,455,000 | $30.11M | - | - |
| 16 | — | Southeast Energy Auth Coop Dis 5% Oct 01, 2030 | 0.21% | 34.2% | 28,895,000 | $30.86M | - | - |
| 17 | Debt | San Fran Arpt | 0.20% | 34.4% | 26,035,000 | $29.26M | - | - |
| 18 | — | Tennessee Energy 5% 12/35 5 | 0.19% | 34.6% | 25,935,000 | $27.42M | - | - |
| 19 | — | Black Belt Energy Gas Dist Al 5%, Due 10/01/2033 5 2033-10-01 | 0.18% | 34.8% | 24,725,000 | $26.36M | - | - |
| 20 | Debt | Main Street Energy Inc Energy Msepwr 10/33 Fixed 5 | 0.16% | 35.0% | 21,705,000 | $23.11M | - | - |
| 21 | Debt | California Cmnty Choice Fing AFinancials · Diversified Financial Services | 0.14% | 35.1% | 18,875,000 | $19.99M | Financials | Diversified Financial Services |
| 22 | Debt | Public Energy Authority O | 0.14% | 35.2% | 19,100,000 | $20.12M | - | - |
| 23 | Debt | Chicago Board Of Education Dedicated Capital Improvement TaxConsumer Disc. · Diversified Consumer Services | 0.13% | 35.4% | 18,645,000 | $18.87M | Consumer Disc. | Diversified Consumer Services |
| 24 | Debt | Pimco Municipal Income Opportunities Active Exchange-Traded Fund Usetf | 0.13% | 35.5% | 17,785,000 | $18.71M | - | - |
| 25 | — | Black Belt Energy Gas Dist Al Bbeutl 12/55 Adjustable Var | 0.12% | 35.6% | 16,565,000 | $17.64M | - | - |
| 26 | — | Black Belt Energy Gas Dist Al 5.25%, Due 06/01/2036 | 0.12% | 35.7% | 16,675,000 | $17.97M | - | - |
| 27 | Debt | Puerto Rico Sales Tax Financing Corp SaFinancials · Diversified Financial Services | 0.11% | 35.9% | 15,840,000 | $15.81M | Financials | Diversified Financial Services |
| 28 | Debt | Empire State Development CorpFinancials · Diversified Financial Services | 0.11% | 36.0% | 15,000,000 | $15.65M | Financials | Diversified Financial Services |
| 29 | — | New York Energy Fin Dev Corp Nyefac 07/56 Adjustable VarFinancials · Diversified Financial Services | 0.11% | 36.1% | 15,250,000 | $15.76M | Financials | Diversified Financial Services |
| 30 | — | Main Street Natural Gas Inc Ga Maiutl 09/53 Adjustable VarUtilities · Gas Utilities | 0.11% | 36.2% | 15,305,000 | $16.28M | Utilities | Gas Utilities |
| 31 | — | Southeast Energy Authority A Cooperative DistrictUtilities · Power & Renewables | 0.11% | 36.3% | 14,465,000 | $15.35M | Utilities | Power & Renewables |
| 32 | Debt | New York Transportation Development CorpReal Estate · Real Estate Management | 0.11% | 36.4% | 15,815,000 | $15.98M | Real Estate | Real Estate Management |
| 33 | — | Tennessee St Energy Acquisitio Tnsutl 11/34 Fixed 5 | 0.11% | 36.5% | 14,510,000 | $15.50M | - | - |
| 34 | — | Texas Transn Fin Corp Sh 288 Sys Toll Rev 5.5% | 0.11% | 36.6% | 14,730,000 | $16.04M | - | - |
| 35 | Debt | Miami Dade Cnty Fl Aviation Re Miatrn 10/38 Fixed 5 | 0.11% | 36.7% | 13,870,000 | $15.30M | - | - |
| 36 | — | Pennsylvania St Econ Dev Fing Pasdev 06/48 Fixed 5.75Financials · Diversified Financial Services | 0.10% | 36.8% | 13,590,000 | $14.36M | Financials | Diversified Financial Services |
| 37 | — | Pennsylvania Economic Development Financing Authority, Pennsylvania, Private Activity Revenue Bonds, The Penndot Major Bridges Package One Project, SeFinancials · Thrifts | 0.10% | 36.9% | 14,250,000 | $14.51M | Financials | Thrifts |
| 38 | Debt | Pub Fin AFinancials · Diversified Financial Services | 0.10% | 37.0% | 13,940,000 | $14.60M | Financials | Diversified Financial Services |
| 39 | — | S E Energ Vrn 03/01/55Utilities · Power & Renewables | 0.10% | 37.1% | 13,405,000 | $13.89M | Utilities | Power & Renewables |
| 40 | — | Black Belt Energy Gas Dist Ala 5.5% Feb 01, 2029Utilities · Gas Utilities | 0.10% | 37.2% | 13,230,000 | $13.89M | Utilities | Gas Utilities |
| 41 | — | Hillsborough County Industrial Development Authority, Baycare Health System, Series 2024E 2.3999991 2054-11-15Financials · Diversified Financial Services | 0.10% | 37.3% | 14,880,000 | $14.88M | Financials | Diversified Financial Services |
| 42 | Debt | Commonwealth Of Puerto RicoFinancials · Diversified Financial Services | 0.10% | 37.4% | 21,039,376 | $15.12M | Financials | Diversified Financial Services |
| 43 | Debt | Illinois StFinancials · Banks | 0.10% | 37.5% | 14,385,000 | $14.81M | Financials | Banks |
| 44 | Debt | Main Street Natural Gas IncUtilities · Gas Utilities | 0.10% | 37.6% | 13,870,000 | $14.13M | Utilities | Gas Utilities |
| 45 | — | Pefa Inc Ia Gas Proj Revenue Pefutl 04/35 Fixed 5 | 0.10% | 37.7% | 13,850,000 | $14.77M | - | - |
| 46 | Debt | Lower Alabama Gas District/The | 0.10% | 37.8% | 14,065,000 | $14.74M | - | - |
| 47 | — | Black Belt Energy Gas Dist Al Bbeutl 06/36 Fixed 5 5 | 0.10% | 37.9% | 13,145,000 | $13.81M | - | - |
| 48 | Debt | California Community Choice Financing AuthorityFinancials · Diversified Financial Services | 0.09% | 38.0% | 11,970,000 | $12.30M | Financials | Diversified Financial Services |
| 49 | Debt | Main Street Natural Gas IncUtilities · Gas Utilities | 0.09% | 38.1% | 11,530,000 | $12.30M | Utilities | Gas Utilities |
| 50 | — | California Cmnty Choice Fing AFinancials · Diversified Financial Services | 0.09% | 38.2% | 11,990,000 | $12.52M | Financials | Diversified Financial Services |
| More holdings · Pro | ||||||||
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Not reported for this fund: share changes.
FSMUX Mutual Fund All Holdings
FSMUX holdings total 6808 positions. The top 10 holdings account for 31.9% of the fund, led by Allspring Municipal Bond Fund - Class Admin at 6.3%, Vanguard Long-Term Tax-Exempt Adm at 4.8%, Franklin Federal T/f Inc at 4.6%.
FSMUX portfolio concentration is moderate, with the top 10 representing 31.9% of total assets. The largest sector exposure is Financials at 19.8%.
FSMUX sectors provide a detailed breakdown. FSMUX overlap shows how holdings compare to other funds in your portfolio.