FSMUX

Active

Strategic Advisers Municipal Bond Fund

Category: US Bond (5,386 funds)

Expense Ratio

0.19%

Annual Cost per $10K

$19.00

30-Year Fee Drag per $10K

$3,952

at 7% annual return

Fund Type

Mutual Fund

Active

Trailing 12-Month

-0.43%

Asset Allocation

US Equity

28%

US Bond

72%

Fee Comparison

FSMUX

0.19%

US Bond average

0.76%

US Bond cheapest

ABIMX

0.00%

Index benchmark

0.03%

75% cheaper than category average

Historical Returns

Monthly total returns (dividends reinvested) from SEC N-PORT filings · As of August 2025 · Updated quarterly

+9.03%3Y

Compare to

Fee Impact Calculator

Investment

Years

Annual Return

FSMUX at 0.19%$360,851

At index rates (0.03%)$377,424

Zero fees (theoretical)$380,613

Total fee drag$19,762

Cost vs index fund−$16,574

Similar Funds (100)

Ranked by allocation similarity weighted by fund size · Returns (dividends reinvested) from SEC N-PORT filings · As of August 2025

Ticker	Name	ER	1yr	3yr	5yr
FSMUX	Strategic Advisers Municipal Bond Fund	0.19%	-0.43%	+2.92%	—
FIWGX	Strategic Advisers Fidelity Core Income Fund	0.16%	+3.62%	+3.67%	+0.28%
FPCIX	Strategic Advisers Core Income Fund	0.33%	+3.89%	+3.62%	-0.16%
FTRLX	Federated Hermes Total Return Bond Fund	0.38%	+3.59%	+3.16%	+0.18%
MWTNX	TCW METWEST TOTAL RETURN BOND FUND	0.57%	+2.73%	+2.67%	-1.05%
FNCFX	Franklin Income Fund	0.41%	+7.61%	+8.92%	+9.46%
SEIAX	SIIT MULTI-ASSET REAL RETURN FUND	0.55%	+5.87%	+3.19%	+6.58%
FTRB	Federated Hermes Total Return Bond ETF	0.39%	+3.48%	—	—
FIQVX	Fidelity Convertible Securities Fund	0.60%	+19.13%	+11.26%	+9.04%
VWIAX	VANGUARD WELLESLEY INCOME FUND	0.16%	+6.61%	+7.12%	+4.87%
EARRX	Short Duration Inflation-Protected Income Fund	1.10%	+6.70%	+4.81%	+4.77%
FIKMX	Fidelity Real Estate Income Fund	0.66%	+5.20%	+5.85%	+6.60%
FCSKX	Franklin Convertible Securities Fund	0.51%	+16.32%	+11.23%	+7.55%
FBAKX	Fidelity Balanced Fund	0.46%	+11.35%	+14.26%	+10.21%
GDMZX	Defensive Market Strategies Fund	0.92%	+7.88%	+9.30%	+6.88%
BBCPX	Bridge Builder Core Plus Bond Fund	0.16%	+4.26%	+4.16%	+0.56%
SBFCX	Victory Investment Grade Convertible Fund	1.10%	+6.09%	+6.03%	+7.06%
VTBIX	VANGUARD TOTAL BOND MARKET II INDEX FUND	0.09%	+3.06%	+2.97%	-0.73%
CNSAX	Invesco Convertible Securities Fund	0.67%	+16.22%	+8.66%	+6.28%
FPUKX	Fidelity Puritan Fund	0.47%	+10.50%	+14.48%	+9.65%
SBTTX	Tax-Aware Overlay B Portfolio	0.76%	+5.02%	+5.76%	+3.71%
MSTRX	Morningstar Total Return Bond Fund$1M min	0.55%	+2.62%	+2.69%	-1.18%
GGKPX	Goldman Sachs Income Builder Fund	0.48%	+8.04%	+9.88%	+7.06%
FSREX	Fidelity Series Real Estate Income Fund	0.00%	+7.95%	+6.68%	+6.96%
YMAX	Yieldmax Universe Fund Of Option Income ETF	1.28%	+25.72%	—	—
FFFAX	Fidelity Freedom Retirement Fund	0.24%	+6.34%	+6.00%	+2.86%
NTBAX	Navigator Tactical Fixed Income Fund	1.32%	+1.84%	+6.45%	+3.14%
HIGFX	American High Income Trust	0.32%	+8.36%	+9.55%	+6.83%
FORKX	Abraham Fortress Fund	0.74%	+1.34%	+6.22%	—
NCIDX	Columbia Convertible Securities Fund	0.79%	—	—	—
AVEFX	AVE MARIA BOND FUND	0.42%	+4.08%	+5.41%	+3.89%
FDBLX	Federated Hermes Corporate Bond Fund	0.59%	+4.10%	+4.66%	+0.61%
FGNSX	Strategic Advisers Tax-Sensitive Short Duration Fund	0.09%	+3.45%	+3.52%	+2.02%
FAPIX	Fidelity Freedom Index Retirement Fund	0.05%	+6.00%	+6.01%	+2.60%
WSDAX	WESTWOOD MULTI-ASSET INCOME FUND	0.89%	-8.31%	-19.23%	—
FAGIX	Fidelity Capital and Income Fund	0.90%	+11.58%	+10.55%	+8.10%
ABNDX	Bond Fund of America	1.04%	+3.22%	+2.75%	-0.49%
PRVDX	Versatile Bond Portfolio	0.90%	+5.23%	+5.00%	+3.27%
DOXIX	Dodge & Cox Income Fund	0.33%	+3.58%	+4.67%	—
GIBRX	Guggenheim Total Return Bond Fund	0.49%	+4.83%	+4.35%	+0.43%
MAGS	Roundhill Magnificent Seven ETF	0.29%	+35.10%	—	—
FAUDX	Strategic Advisers Short Duration Fund	0.20%	+5.04%	+5.12%	+2.85%
OWCIX	Old Westbury Credit Income Fund	0.91%	+3.57%	+3.01%	—
JHYUX	JPMorgan High Yield Fund	0.50%	+8.26%	+8.74%	+5.45%
TLTIX	Nuveen Lifecycle Index 2010 Fund	0.18%	+7.45%	+8.28%	+4.71%
BBTBX	Bridge Builder Core Bond Fund	0.12%	+3.63%	+3.76%	-0.02%
FFFCX	Fidelity Freedom 2010 Fund	0.46%	+6.88%	+7.06%	+3.91%
FATVX	Fidelity Freedom Index 2015 Fund	0.04%	+7.49%	—	—
FSAWX	Fidelity SAI Convertible Arbitrage Fund	1.46%	+11.63%	—	—
VAADX	Virtus Convertible Fund	0.62%	+20.61%	+10.62%	—
AZNAX	Virtus Income & Growth Fund	1.14%	-11.62%	-34.42%	-34.38%
MNCWX	Pro-Blend Conservative Term Series	0.10%	+5.19%	+6.30%	+3.82%
FATUX	Fidelity Freedom Index 2010 Fund	0.04%	+6.58%	—	—
FPIOX	Strategic Advisers Income Opportunities Fund	0.53%	+8.90%	+8.92%	+5.18%
BAGSX	Baird Aggregate Bond Fund	0.55%	+3.20%	+3.39%	-0.59%
VTMFX	VANGUARD TAX-MANAGED BALANCED FUND	0.09%	+8.41%	+10.84%	+7.44%
JDYRX	PGIM High Yield Fund	0.74%	+8.73%	+8.45%	+4.68%
VTINX	VANGUARD TARGET RETIREMENT INCOME FUND	0.08%	+7.91%	+7.75%	+4.07%
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	0.14%	+3.36%	+4.42%	-0.63%
FBFRX	Franklin Managed Income Fund	0.59%	+4.83%	+7.31%	+6.94%
FFRAX	Fidelity Advisor Floating Rate High Income Fund	0.73%	-9.97%	-18.31%	-21.22%
FBKWX	Fidelity Total Bond Fund	0.75%	+3.99%	+4.27%	+0.57%
JAFLX	Janus Henderson Flexible Bond Portfolio$1M min	0.82%	+3.37%	+5.53%	+0.20%
DOXBX	Dodge & Cox Balanced Fund	0.43%	+9.89%	+11.87%	—
VRP	Invesco Variable Rate Preferred ETF	0.50%	+7.56%	+8.62%	+5.19%
MCOAX	NYLI MacKay Convertible Fund	0.94%	+10.59%	+7.94%	+7.53%
CVSCX	Calamos Market Neutral Income Fund	1.97%	+6.09%	+6.33%	+3.72%
FSIGX	Fidelity Series Investment Grade Bond Fund	0.00%	+3.72%	+3.94%	+0.37%
IRCAX	VOYA RETIREMENT CONSERVATIVE PORTFOLIO	0.62%	+5.79%	+6.08%	+3.02%
VFICX	VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND	0.20%	+5.72%	+5.65%	+0.73%
IUSB	iShares Core Universal USD Bond ETF	0.06%	+3.71%	+3.68%	-0.19%
GFRAX	Goldman Sachs High Yield Floating Rate Fund	0.72%	+5.46%	+7.30%	+5.61%
BCONX	Barrow Hanley Credit Opportunities Fund$1M min	0.77%	+8.59%	—	—
BCOIX	Baird Core Plus Bond Fund$1M min	0.30%	+3.73%	+4.18%	+0.15%
TLFIX	Nuveen Lifecycle Index 2015 Fund	0.25%	+7.98%	+8.95%	+5.22%
JMTNX	Janus Henderson Multi-Sector Income Fund	0.88%	+7.58%	+9.67%	+4.34%
PLFJX	Principal LifeTime 2020 Fund	0.76%	+7.43%	+8.59%	+5.24%
TAIAX	American Funds Tax-Aware Conservative Growth and Income Portfolio	0.66%	+8.08%	+10.47%	+7.30%
AIBAX	Intermediate Bond Fund of America	0.65%	+4.50%	+3.52%	+0.82%
FATYX	Fidelity Freedom Index 2020 Fund	0.05%	+8.40%	—	—
TLWIX	Nuveen Lifecycle Index 2020 Fund	0.35%	+8.50%	+9.62%	+5.73%
DDCFX	DoubleLine Core Fixed Income Fund	0.50%	+4.25%	+3.94%	+0.50%
FSMTX	Fidelity SAI Total Bond Fund	0.29%	+4.17%	+4.37%	+0.79%
FTKFX	Fidelity Total Bond K6 Fund	0.30%	+3.85%	+4.06%	+0.54%
QBA2Q	VIP Balanced Portfolio	0.50%	+10.93%	+13.85%	+9.85%
PALTX	Principal LifeTime Strategic Income Fund	1.06%	+6.69%	+7.47%	+3.37%
PFIFX	SAM Flexible Income Portfolio	1.80%	+6.14%	+6.62%	+3.59%
JCPPX	JPMorgan Core Plus Bond Fund	1.14%	+3.47%	+3.44%	-0.03%
SPAB	SPDR Portfolio Aggregate Bond ETF	0.03%	+3.14%	+2.99%	-0.70%
TLIPX	Nuveen Lifecycle Index Retirement Income Fund	0.10%	+7.89%	+8.62%	+4.81%
TRVZX	T. Rowe Price New Income Fund, Inc.	0.32%	+3.45%	+2.95%	-0.33%
ANBAX	American Funds Strategic Bond Fund	0.31%	+3.51%	+0.90%	-1.14%
DDERX	Macquarie Wealth Builder Fund	0.74%	+7.71%	—	—
PLFLX	Aristotle Floating Rate Income Fund	1.05%	+6.62%	—	—
FBND	Fidelity Total Bond ETF	0.36%	+3.85%	+4.04%	+0.36%
PBXAX	Rational/Pier 88 Convertible Securities Fund	1.24%	+3.67%	+3.61%	+3.52%
WHGOX	WESTWOOD INCOME OPPORTUNITY FUND	0.72%	+7.41%	—	—
WAPSX	Western Asset Core Plus Bond Fund	0.42%	+3.13%	+2.73%	-1.73%
TGCFX	TCW Core Fixed Income Fund	0.56%	+2.64%	+2.69%	-0.88%
TBBWX	Nuveen Core Bond Fund	0.29%	+3.61%	+3.99%	+0.25%
CCBFX	Capital Group Central Corporate Bond Fund	—	+3.73%	+4.53%	—

Analyze Your Full Portfolio

See your blended expense ratio, aggregate asset allocation, and total fee drag across all your holdings.

Get Started Free