Strategic Advisers Municipal Bond Fund (FSMUX)
The fund primarily invests in municipal securities exempt from federal income tax, focusing on investment-grade securities across various sectors and maturities. It may also allocate a portion of assets to lower-quality debt securities, with a potential concentration in municipal securities for similar projects.
Fund Info
Jun 24, 2021
$0
Expense Ratio
FSMUX has an expense ratio of 0.06%, which is considered low.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Strategic Advisers Municipal Bond Fund (FSMUX) returned -1.90% year-to-date (YTD) and 2.00% over the past 12 months.
FSMUX
-1.90%
-0.01%
-2.70%
2.00%
1.93%
N/A
N/A
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of FSMUX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.20% | 1.10% | -1.69% | -0.81% | -0.69% | -1.90% | |||||||
| 2024 | 0.07% | 0.18% | -0.11% | -0.73% | -0.02% | 1.49% | 1.31% | 0.34% | 1.53% | -1.34% | 1.12% | -0.82% | 3.00% |
| 2023 | 3.47% | -2.10% | 1.80% | -0.11% | -0.21% | 0.75% | 0.30% | -1.07% | -3.05% | -1.23% | 6.40% | 2.63% | 7.44% |
| 2022 | -2.65% | -0.77% | -3.26% | -3.16% | 1.35% | -2.32% | 2.89% | -2.40% | -4.06% | -1.26% | 5.12% | -0.46% | -10.82% |
| 2021 | -0.06% | 0.75% | -0.45% | -0.75% | -0.23% | 0.97% | 0.17% | 0.40% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FSMUX is 29, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Strategic Advisers Municipal Bond Fund (FSMUX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Strategic Advisers Municipal Bond Fund provided a 3.94% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Dividend | $0.34 | $0.33 | $0.31 | $0.25 | $0.10 |
Dividend yield | 3.94% | 3.75% | 3.48% | 2.92% | 1.00% |
Monthly Dividends
The table displays the monthly dividend distributions for Strategic Advisers Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.25 |
| 2021 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.10 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Strategic Advisers Municipal Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Strategic Advisers Municipal Bond Fund was 15.62%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Strategic Advisers Municipal Bond Fund drawdown is 3.52%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.62% | Jul 21, 2021 | 320 | Oct 25, 2022 | — | — | — |
| -0.2% | Jun 18, 2021 | 4 | Jun 23, 2021 | 8 | Jul 6, 2021 | 12 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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