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 10/21/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FMB -0.98% -1.41% 1.40% 4.38% 5.33% 3.56% --
FMB (NAV) -1.08% -1.56% 1.32% 4.12% 5.33% 3.62% --
No Underlying Index -- -- -- -- -- -- --
Barclays Municipal Bond -1.14% -1.43% 0.41% 2.62% 5.17% 3.38% 3.89%
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%
$2.38B
$8.13M
0.03%

FMB Portfolio Data

6.03
--
2.56%
N/A
1,462

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 10/22/21
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

147,457
$8.13M
132,991
$7.34M
0.03%
$0.02
0.04%
0.29% / -0.19%
None
100.00%
50,000
2.66
0.02%
--
0
$56.47
N/A

FMB Sector/Industry Breakdown


FMB
Segment Benchmark
82.53%
--
13.57%
--
3.90%
--

FMB Top 10 Holdings[View All]

2.40%
1.23%
0.66%
0.61%
0.61%
0.56%
0.50%
0.49%
0.44%
0.44%
7.93%

FMB Top 5 Countries


FMB
Segment Benchmark
100.00%
--

FMB Top 5 Currencies


FMB
Segment Benchmark
100.00%
--

FMB Performance Statistics

0.86
0.94
--
--
--

FMB Holdings Statistics

7.23 years
6.03
2.56%
6.03
Low
1,462
0.74%

FMB Avg Life Maturity Distribution

7.27%
1.74%
3.69%
17.59%
27.25%
33.82%
1.54%
1.38%
5.71%

FMB OAS Breakdown

81.62%
14.03%
3.33%
0.70%
0.30%
0.03%
--
--
--
--
--