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 18 January 2019
Asset Under Management 527.60 Million (USD)
1 Month Total Return 0.71 %
Year To Date Return 0.36 %
1 Year Total Return 1.75 %
3 Year Annualized Total Return 2.90 %
NAV 52.76
Share Outstanding 10,000,000
Top 10 Holdings (17 January 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
HAWAII ST 4% due 10/01/2033 BOND 0.0105119056
CHARLOTTE NC WTR & SWR SYS REV 4% due 07/01/2036 BOND 0.0104175110
GREAT LAKES MI WTR AUTH WTR SPLY SYS 5% due 07/01/2036 BOND 0.0099412049
BlackRock Liquidity Funds MuniCash Portfolio (Institutional Class) BOND 0.0099085134
NEW YORK CITY NY MUNI WTR FIN AUTH Variable rate due 06/15/2050 BOND 0.0099065321
ORANGE CNTY FL HLTH FACS AUTH REV 5% due 10/01/2036 BOND 0.0090846415
NEW YORK CITY NY MUNI WTR FIN 4% due 06/15/2033 BOND 0.0089207224
WASHINGTON ST 5% due 02/01/2036 BOND 0.0088903596
CALIFORNIA ST POLL CONTROL FIN 7.50% due 12/01/2040 BOND 0.0079878201
AUSTIN TX WTR & WSTWTR SYS REV 5% due 11/15/2030 BOND 0.0079444235