FMB

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 21 June 2019
Asset Under Management 819.60 Million (USD)
1 Month Total Return 0.84 %
Year To Date Return 5.07 %
1 Year Total Return 6.47 %
3 Year Annualized Total Return 3.18 %
NAV 54.64
Share Outstanding 15,000,000
Top 10 Holdings (20 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
NEW YORK CITY NY TRANSITIONAL Variable rate due 11/01/2029 BOND 0.0125356499
CAPITAL CITY CT ECON DEV AUTH Variable rate due 06/15/2034 BOND 0.0100285199
ORANGE CNTY FL HLTH FACS AUTH REV 5% due 10/01/2036 BOND 0.0087746039
CENTRL PLAINS ENERGY PROJ NE GAS REV 5% due 09/01/2029 BOND 0.0082457254
ROSS CNTY OH HOSP REVENUE 5% due 12/01/2039 BOND 0.0080218952
BLACK BELT ENERGY GAS DIST AL Variable rate due 12/01/2049 BOND 0.0077518127
PHILADELPHIA PA GAS WKS REVENUE 5% due 08/01/2042 BOND 0.0076177678
DENVER CITY & CNTY CO ARPT REV 5% due 12/01/2035 BOND 0.0075584328
TRI-CNTY OR MET TRANSPRTN DIST 5% due 10/01/2031 BOND 0.0075200063
UAB MEDICINE FIN AUTH AL REVENUE 5% due 09/01/2041 BOND 0.0072783864