FMB ETF Report: Ratings, Analysis, Quotes, Holdings

Popular FMB Comparisons: FMB vs HMOP, FMB vs FMHI, FMB vs TAXF, FMB vs MCEF, FMB vs MAAX

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*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 07/13/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

FMB 0.96% 3.35% 0.70% 2.95% 4.09% 4.41% --

ticker (NAV) 0.96% 3.69% 0.89% 3.15% 4.22% 4.41% --

No Underlying Index -- -- -- -- -- -- --

Barclays Municipal Bond 0.83% 2.86% 2.66% 4.66% 4.39% 4.04% 4.22%

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%

$1.57B

$6.22M

0.10%

HMOP, FMHI, TAXF, MCEF, MAAX

Fund Home Page

FMB Portfolio Data

5.76

3.07%

07/21/20

1,012

FMB Index Data

No Underlying Index

Proprietary

Barclays Municipal Bond

FMB Portfolio Management

0.50%

Max. Downside Tracking Difference (12 Mo) --

FMB Tax Exposures

20.00% / 39.60%

Ordinary income

FMB Fund Structure

Open-Ended Fund

100% / 0%

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 07/14/20

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

114,200

$6.22M

114,533

$6.16M

0.10%

$0.06

0.12%

0.84% / -2.23%

None

100.00%

50,000

2.29

0.02%

$55.33

N/A

FMB Sector/Industry Breakdown

FMB

Segment Benchmark

Revenue

82.43%

General obligation

13.95%

Double barrel

3.62%

FMB Top 10 Holdings[View All]

MUNICIPAL BONDS 5.84%

U.S. Dollar 4.30%

Kentucky Inc Ky Pub Energy Auth Gas Suplly Rev VAR 01-FEB-2050 0.87%

New York N Y VAR 01-OCT-2046 0.64%

Atlanta Ga Arpt Passenger Fac Charge Rev 4.0% 01-JUL-2038 0.63%

Puerto Rico Sales Tax Fing Corp Sales Tax Rev 4.5% 01-JUL-2034 0.58%

New York St Dorm Auth St Pers Income Tax Rev 5.0% 31-MAR-2021 0.57%

Michigan Fin Auth Rev 5.0% 15-NOV-2041 0.57%

Buckeye Ohio Tob Settlement Fing Auth 5.0% 01-JUN-2055 0.56%

Wilsonville Ala Indl Dev Brd Solid Waste Disp Rev VAR 01-DEC-2030 0.55%

Total Top 10 Weighting 15.11%

FMB Top 5 Countries

FMB

Segment Benchmark

United States

100.00%

FMB Top 5 Currencies

FMB

Segment Benchmark

USD

100.00%

FMB Performance Statistics

0.97

1.13

FMB Holdings Statistics

8.01 years

Effective Duration 5.76

3.07%

Credit Spread Duration 5.78

Concentration Low

Number of Holdings 1,012

Option Adjusted Spread 1.74%

FMB Avg Life Maturity Distribution

0 - 1 years 9.48%

1 - 2 years 1.32%

2 - 3 years 3.65%

3 - 5 years 10.57%

5 - 7 years 34.70%

7 - 10 years 34.77%

10 - 15 years 1.78%

15 - 20 years 1.76%

> 20 years 1.96%

FMB OAS Breakdown

0 - 100 bps 69.62%

100 - 200 bps 24.38%

200 - 300 bps 4.82%

300 - 400 bps 0.91%

400 - 500 bps --

500 - 600 bps 0.27%

600 - 700 bps --

700 - 800 bps --

800 - 900 bps --

900 - 1000 bps --

> 1000 bps --

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FMB

FMB Fund Description

FMB Factset Analytics Insight

Related Articles

FMB Charts And Performance

FMB Summary Data

FMB Portfolio Data

FMB Index Data

FMB Portfolio Management

FMB Tax Exposures

FMB Fund Structure

FMB Factset Analytics Block Liquidity

FMB Tradability

FMB Sector/Industry Breakdown

FMB Top 10 Holdings[View All]

FMB Top 5 Countries

FMB Top 5 Currencies

FMB Performance Statistics

FMB Holdings Statistics

FMB Avg Life Maturity Distribution

FMB OAS Breakdown