Fund Description
The First Trust Managed Municipal ETF is an actively managed exchange-traded fund. Under normal market conditions, the fund will seek to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities.
Fund Profile
Fund Name First Trust Managed Municipal ETF
Fund Exchange Ticker FMB
Fund Sponsor First Trust
Fund ISIN US33739N1081
Net Expense Ratio 0.50 %
Fund Inception Date 13 May 2014
Fund Legal Structure ETF (Open end fund)
Exchange NASDAQ
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Municipal
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Municipal
Credit Quality Investment Grade Only
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 19 October 2018
Asset Under Management 456.28 Million (USD)
1 Month Total Return -0.81 %
Year To Date Return -1.19 %
1 Year Total Return -0.69 %
3 Year Annualized Total Return 2.87 %
NAV 51.85
Share Outstanding 8,800,000
Top 10 Holdings (18 October 2018)
Constituent Name Constituent Ticker Constituent Type Weighting
ORANGE CNTY FL HLTH FACS AUTH REV 5% due 10/01/2036 BOND 0.0103829716
WASHINGTON ST 5% due 02/01/2036 BOND 0.0102081096
BlackRock Liquidity Funds MuniCash Portfolio (Institutional Class) BOND 0.0092629229
MONTGOMERY CNTY PA INDL DEV AUTH 5% due 11/15/2036 BOND 0.0089171355
MASSACHUSETTS ST 5% due 03/01/2041 BOND 0.0086812145
PRIV CLGS & UNIVS AUTH GA 5% due 04/01/2044 BOND 0.0085454423
BUILD NYC RESOURCE CORP NY SOL 5% due 01/01/2035 BOND 0.0083179769
UNIV OF HOUSTON TX UNIV REVENUES 5% due 02/15/2031 BOND 0.0077895244
DIST OF COLUMBIA WTR & SWR AUTH 5% due 10/01/2036 BOND 0.0077151274
KENTUCKY ST PUBLIC ENERGY AUTH Variable rate due 01/01/2049 BOND 0.0070979989