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 20 October 2020
Asset Under Management 1690.62 Million (USD)
1 Month Total Return -0.50 %
Year To Date Return 1.47 %
1 Year Total Return 2.30 %
3 Year Annualized Total Return 3.68 %
NAV 55.43
Share Outstanding 30,500,000
Top 10 Holdings (20 October 2020)
Constituent Name Constituent Ticker Constituent Type Weighting
US Dollar CASH 0.0178956599
KENTUCKY ST PUBLIC ENERGY AUTH Variable rate due 02/01/2050 BOND 0.0086362920
BUCKEYE OH TOBACCO SETTLEMENT 5% due 06/01/2055 BOND 0.0082232548
NEW YORK NY Variable rate due 10/01/2046 BOND 0.0063891412
ATLANTA GA ARPT PASSENGER FAC CHG REV 4% due 07/01/2038 BOND 0.0062644483
PUERTO RICO SALES TAX FING CORP 4.50% due 07/01/2034 BOND 0.0058436909
MICHIGAN ST FIN AUTH REVENUE 5% due 11/15/2041 BOND 0.0056515909
NEW YORK ST DORM AUTH ST PERSONAL INC TAX N/C 5% due 03/31/2021 BOND 0.0056468889
WILSONVILLE AL INDL DEV BRD SOL WST DISP Variable rate due 12/01/2030 BOND 0.0054614871
BLACK BELT ENERGY GAS DIST ALG Variable rate due 10/01/2049 BOND 0.0050358970