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. To increase yield, it is heavily weighted toward longer-dated revenue bonds. 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 will even hold significant amounts of cash. The fund has middling daily volume and spreads tend be to be sizeable. Institutional traders may face challenges with block execution in this liquidity-starved space. Fees are reasonable for an actively managed fund.

FMB Charts And Performance

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PERFORMANCE [as of 12/12/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FMB 0.85% 0.73% 7.99% 8.61% 5.64% 4.28% --
FMB (NAV) 1.07% 0.67% 8.23% 8.92% 5.52% 4.34% --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
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%
$1.21B
$8.07M
0.05%

FMB Portfolio Data

5.84
--
3.21%
11/21/19
863

FMB Index Data

No Underlying Index
Proprietary
Proprietary
N/A

FMB Portfolio Management

0.50%
--
--
--

FMB Tax Exposures

20.00% / 39.60%
0.10%
Ordinary income
No

FMB Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

FMB Factset Analytics Block Liquidity

As of 12/13/19
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

145,670
$8.07M
130,245
$7.21M
0.05%
$0.03
0.13%
0.41% / -0.23%
None
100.00%
50,000
2.60
0.02%
--
0
$55.55
N/A

FMB Sector/Industry Breakdown


FMB
Segment Benchmark
84.98%
--
11.92%
--
3.10%
--

FMB Top 10 Holdings[View All]

7.75%
5.26%
0.85%
0.84%
0.60%
0.57%
0.53%
0.53%
0.52%
0.50%
17.95%

FMB Top 5 Countries


FMB
Segment Benchmark
100.00%
--

FMB Top 5 Currencies


FMB
Segment Benchmark
100.00%
--

FMB Performance Statistics

--
--
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FMB Holdings Statistics

6.75 years
5.84
3.21%
5.87
Low
863
0.91%

FMB Avg Life Maturity Distribution

7.07%
1.58%
2.69%
10.79%
33.28%
35.85%
3.47%
4.07%
1.19%

FMB OAS Breakdown

67.95%
24.68%
5.02%
1.33%
--
1.02%
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