FMB
First Trust Managed Municipal ETF
NAV as of
4 Week: 48.08 - 50.05
52 Week: 48.08 - 51.59
Latest Closing Price
50.05
Premium / Discount
-0.26
Expense Ratio
0.65%
Investment Objective
The investment seeks to generate current income that is exempt from regular federal income taxes and its secondary objective is long term capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes.
Main Fund Characteristics
Performance
| Period | Performance Returns(%) | Volatility(%) | Risk Adjusted Performance |
|---|---|---|---|
| YTD | -0.12 | 0.27 | -0.44 |
| 1 Day | 0.28 | 0.00 | 0.00 |
| 1 Week | 0.28 | 0.55 | 0.51 |
| 1 Month | 3.77 | 1.40 | 2.69 |
| 3 Months | 0.20 | 2.60 | 0.08 |
| 6 Months | -0.11 | 3.16 | -0.03 |
| 1 Year | 0.18 | 4.18 | 0.04 |
| 2 Years | -11.98 | 5.90 | -2.03 |
| 3 Years | -11.04 | 6.20 | -1.78 |
| 5 Years | -3.47 | 12.11 | -0.29 |
| 10 Years | 0.00 | 0.00 | 0.00 |
Price History
Annual Performance Return
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| Price (%) | 0.0000 | 0.0000 | 3.8456 | 1.4526 | 7.4012 | 0.8807 | 8.2869 | 4.4468 | 2.5018 | -9.6641 |
| Nav (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Rank | 0.0000 | 0.0000 | 7.0000 | 4.0000 | 5.0000 | 47.0000 | 11.0000 | 51.0000 | 21.0000 | 79.0000 |
Dividend Frequency
Lastest Dividend
| Ex Date | Payment Date | Dividend Payout per unit |
|---|---|---|
| 20/11/2023 | 29/11/2023 | 0.1275 |
| 23/10/2023 | 30/10/2023 | 0.1275 |
| 21/09/2023 | 28/09/2023 | 0.1275 |
| 21/08/2023 | 30/08/2023 | 0.1275 |
| 20/07/2023 | 30/07/2023 | 0.1275 |
| 26/06/2023 | 29/06/2023 | 0.1275 |
| 22/05/2023 | 30/05/2023 | 0.1275 |
| 20/04/2023 | 27/04/2023 | 0.1300 |
| 23/03/2023 | 30/03/2023 | 0.1300 |
| 21/02/2023 | 27/02/2023 | 0.1285 |
Portfolio Data
Total Number of Holdings: 1520
Number of Bond Holdings: 1511
Number of Equity Holdings: 0
Total Market Value: 1,881,110,388
Portfolio Composition
Top 10 Holdings
| % Portfolio Weight | Shares Owned | Shares Changed | Market Value | ||
|---|---|---|---|---|---|
| 1 | CAPITAL CITY ECONOMIC DEV AUTH CONN PKG & ENERGY F | 0.9569 | 10,680,000 | 0 | 10,680,000 |
| 2 | MASSACHUSETTS BAY TRANSN AUTH MASS 1.08% | 0.9077 | 10,130,000 | 0 | 10,130,000 |
| 3 | PEFA INC IOWA GAS PROJ REV 5% | 0.6636 | 6,300,000 | 0 | 7,405,587 |
| 4 | ORANGE CNTY FLA HEALTH FACS AUTH REV 5% | 0.6375 | 6,000,000 | 0 | 7,114,800 |
| 5 | CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5% | 0.5957 | 5,370,000 | 0 | 6,648,328 |
| 6 | KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG 5% | 0.5894 | 5,525,000 | 0 | 6,577,512 |
| 7 | ROSS CNTY OHIO HOSP REV 5% | 0.5842 | 5,325,000 | 0 | 6,520,250 |
| 8 | NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% | 0.5783 | 5,415,000 | 0 | 6,454,355 |
| 9 | TOBACCO SETTLEMENT FING CORP N J 5% | 0.5621 | 5,505,000 | 0 | 6,273,388 |
| 10 | BLACK BELT ENERGY GAS DIST ALA GAS PREPAY REV 4% | 0.5589 | 5,570,000 | 0 | 6,237,954 |
Country Exposure
Regional Exposure
America
Greater Europe
Greater Asia
Market Classification
Market Capitalization
| Size | % of portfolio |
|---|---|
| N.A | |
Equity Style Box Breakdown
| 0 | 0 | 0 | Large |
| 0 | 0 | 0 | Mid |
| 0 | 0 | 0 | Small |
| Value | Blend | Growth |
Value Measures
Price/Prospective Earnings*
0.0000
Price/Book*
0.0000
Price/Sales*
0.0000
Price/Cash Flow*
0.0000
Dividend Yield*
0.0000
Growth Measures
Long-Term Earnings
0.0000
Historical Earnings
0.0000
Sales Growth
0.0000
Cash-Flow Growth
0.0000
Book-Value Growth
0.0000
*Forward-looking based on historical data.
Equity Sector
Number of Bond Holdings
1511
Bond Statitics
| Detail | Value |
|---|---|
| Average Effective Duration | 6.18 |
| Average Effective Maturity (Years)* | 11.22 |
| Average Credit Quality | 0 |
| Average Weighted Coupon* | 4.65 |
| Average Weighted Price* | 100.08 |
Bond Style Box Breakdown
| 0 | 0 | 0 | High | Quality |
| 0 | 0 | 0 | Med | |
| 0 | 0 | 0 | Low | |
| Ltd | Mod | Ext | ||
| Interest-Rate Sensitivity | ||||
Credit Quality
| Type | % Bonds |
|---|---|
| AAA | 8.73 |
| AA | 35.08 |
| A | 31.20 |
| BBB | 11.37 |
| BB | 2.67 |
| B | 0.75 |
| Below B | 0.00 |
| Not Rated | 10.20 |
Bond Sector
Bond Maturity
| % Bonds | |
|---|---|
| 1 to 3 Years | 3.09 |
| 3 to 5 Years | 3.38 |
| 5 to 7 Years | 6.13 |
| 7 to 10 Years | 12.79 |
| 10 to 15 Years | 28.82 |
| 15 to 20 Years | 25.49 |
| 20 to 30 Years | 18.74 |
| Over 30 Years | 3.41 |
| 1 to 7 Days | 0.00 |
| 8 to 30 Days | 0.02 |
| 31 to 90 Days | 0.11 |
| 91 to 182 Days | 0.40 |
| 183 to 364 Days | 0.58 |
Data Source: Morningstar
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