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 17 August 2018
Asset Under Management 414.09 Million (USD)
1 Month Total Return -0.05 %
Year To Date Return 0.22 %
1 Year Total Return 1.70 %
3 Year Annualized Total Return 4.19 %
NAV 52.75
Share Outstanding 7,850,000
Top 10 Holdings (17 August 2018)
Constituent Name Constituent Ticker Constituent Type Weighting
BlackRock Liquidity Funds MuniCash Portfolio (Institutional Class) BOND 0.0201083303
ORANGE CNTY FL HLTH FACS AUTH REV 5% due 10/01/2036 BOND 0.0115459184
WASHINGTON ST 5% due 02/01/2036 BOND 0.0113039713
MASSACHUSETTS ST 5% due 03/01/2041 BOND 0.0096176541
BUILD NYC RESOURCE CORP NY SOL 5% due 01/01/2035 BOND 0.0091787505
UNIV OF HOUSTON TX UNIV REVENUES 5% due 02/15/2031 BOND 0.0086522140
DIST OF COLUMBIA WTR & SWR AUTH 5% due 10/01/2036 BOND 0.0085749351
TEXAS ST MUNI GAS ACQUISITION 5% due 12/15/2030 BOND 0.0077440896
NEVADA ST HIGHWAY IMPT REVENUE 5% due 12/01/2024 BOND 0.0075138100
CALIFORNIA ST N/C 5% due 10/01/2025 BOND 0.0075033352