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About First Trust Managed Municipal ETF
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Inception date
May 13, 2014
Structure
Open-Ended Fund
Replication method
Physical
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
ISIN
US33739N1081
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.39%
Cash0.49%
Securitized0.12%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FMB invests in bonds. The fund's major sectors are Municipal, with 99.39% stocks, and Securitized, with 0.12% of the basket. The assets are mostly located in the N/A region.
FMB last dividends amounted to 0.14 USD. The month before, the issuer paid 0.14 USD in dividends,
FMB assets under management is 1.91 B USD. It's risen 2.57% over the last month.
FMB fund flows account for −71.41 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FMB pays dividends to its holders with the dividend yield of 3.32%. The last dividend (Aug 29, 2025) amounted to 0.14 USD. The dividends are paid monthly.
FMB shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on May 13, 2014, and its management style is Active.
FMB expense ratio is 0.65% meaning you'd have to pay 0.65% of your investment to help manage the fund.
FMB follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FMB invests in bonds.
FMB price has risen by 2.27% over the last month, and its yearly performance shows a −2.06% decrease. See more dynamics on FMB price chart.
NAV returns, another gauge of an ETF dynamics, showed a 2.71% increase in three-month performance and has increased by 0.59% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 2.71% increase in three-month performance and has increased by 0.59% in a year.
FMB trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.