FMB

First Trust Managed Municipal ETF
*Unless otherwise stated, data provided by FactSet.

FMB Fund Description

FMB is an actively managed fund that invests primarily in investment-grade municipal bonds, with some high-yield exposure.

FMB Factset Analytics Insight

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.

PERFORMANCE [as of 07/27/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FMB 1.03% 1.63% 2.30% 4.93% 5.18% 3.65% --
FMB (NAV) 0.96% 1.71% 2.43% 4.89% 5.26% 3.73% --
No Underlying Index -- -- -- -- -- -- --
Barclays Municipal Bond 1.01% 1.27% 1.95% 3.68% 5.33% 3.44% 4.29%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FMB Summary Data

First Trust
05/13/14
Open-Ended Fund
0.50%
$2.30B
$9.26M
0.05%

FMB Portfolio Data

6.10
--
2.71%
N/A
1,385

FMB Index Data

No Underlying Index
Proprietary
Proprietary
Barclays Municipal Bond

FMB Portfolio Management

0.50%
--
--
--

FMB Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

FMB Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

FMB Factset Analytics Block Liquidity

As of 07/28/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of FMB. FMB is rated a N/A out of 5.

FMB Tradability

161,220
$9.26M
157,653
$9.02M
0.05%
$0.03
0.05%
0.29% / -0.19%
None
100.00%
50,000
3.15
0.02%
--
0
$57.66
N/A

FMB Sector/Industry Breakdown


FMB
Segment Benchmark
82.03%
--
13.92%
--
4.05%
--

FMB Top 10 Holdings[View All]

1.57%
1.25%
0.71%
0.65%
0.61%
0.53%
0.52%
0.52%
0.47%
0.45%
7.28%

FMB Top 5 Countries


FMB
Segment Benchmark
100.00%
--

FMB Top 5 Currencies


FMB
Segment Benchmark
100.00%
--

FMB Performance Statistics

0.82
0.95
--
--
--

FMB Holdings Statistics

7.49 years
6.10
2.71%
6.11
Low
1,385
0.89%

FMB Avg Life Maturity Distribution

5.29%
2.05%
2.94%
15.99%
28.36%
36.29%
1.27%
1.49%
6.33%

FMB OAS Breakdown

72.96%
18.66%
6.81%
0.94%
0.01%
0.62%
--
--
--
--
--