FMB
First Trust Managed Municipal ETF·NASDAQ
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Key Stats
Assets Under Management
1.94BUSD
Fund Flows (1Y)
-92.53MUSD
Dividend Yield
3.38%
Discount/Premium to NAV
0.02%
Shares Outstanding
37.85M
Expense Ratio
0.65%
About First Trust Managed Municipal ETF
Issuer
First Trust Advisors L.P.
Brand
First Trust
Inception Date
May 13, 2014
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
FMB is an actively-managed portfolio that aims to take advantage of inefficiencies in the illiquid muni bond market to select issues that will provide highest total returns. It attempts to do this by a combination of top-down sector analysis and fundamental credit research of individual issues. The fund invests in municipal securities of any maturity, though it may lean towards longer-dated revenue bonds to increase yield. While it can dip into the high-yield space, it tends to favor the lower-rated end of the investment-grade market. At times, it might even hold significant amounts of cash.
Classification
Asset Class
Fixed Income
Category
Government, Local Authority/Municipal
Focus
Investment Grade
Niche
Broad Maturities
Strategy
Active
Geography
U.S.
Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +0.37% | +0.53% | +0.25% | +0.59% | +0.02% | -9.96% |
NAV Total Return | +0.71% | +1.27% | +0.58% | +4.41% | +10.41% | +3.96% |
Ratings
No data is currently available
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Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
MEADE CNTY KY INDL BLDG REVENUE Variable rate, due 08/01/2061
0.84%
MAIN STREET NATURAL GAS INC GA Variable rate, due 09/01/2052
0.77%
NEW YORK CITY NY TRANSITIONAL FIN AUTH REV 4%, due 11/01/2037
0.53%
BLACK BELT ENERGY GAS DIST AL Variable rate, due 10/01/2052
0.53%
TEXAS ST MUNI GAS ACQUISITION & SPLY CORP IV Variable rate, due 01/01/2054
0.50%
ENERGY S E AL A COOPERATIVE DIST Variable rate, due 11/01/2053
0.49%
ATLANTA GA ARPT PASSENGER FAC CHG REV 4%, due 07/01/2037
0.47%
NEW YORK ST DORM AUTH SALES TAX 5%, due 03/15/2038
0.44%
SOUTHEAST ENERGY AUTH AL COMMODITY SPLY Variable rate, due 11/01/2051
0.43%
PUERTO RICO SALES TAX FING CORP 4.50%, due 07/01/2034
0.43%
Top 10 Weight 5.43%
1192 Total Holdings
Is SPY better than FMB?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2026-01-21 | 2026-01-21 | 2026-01-30 | 0.154 |
| 2025-12-12 | 2025-12-12 | 2025-12-31 | 0.147 |
| 2025-11-21 | 2025-11-21 | 2025-11-28 | 0.147 |
| 2025-10-21 | 2025-10-21 | 2025-10-31 | 0.146 |
| 2025-09-25 | 2025-09-25 | 2025-09-30 | 0.146 |
| 2025-08-21 | 2025-08-21 | 2025-08-29 | 0.144 |
| 2025-07-22 | 2025-07-22 | 2025-07-31 | 0.144 |
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How Much Does FMB Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy FMB?
Fund Flows
