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 19 March 2019
Asset Under Management 613.29 Million (USD)
1 Month Total Return 0.77 %
Year To Date Return 1.91 %
1 Year Total Return 4.57 %
3 Year Annualized Total Return 3.28 %
NAV 53.33
Share Outstanding 11,500,000
Top 10 Holdings (18 March 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
TRI-CNTY OR MET TRANSPRTN DIST 5% due 10/01/2031 BOND 0.0098941959
ORANGE CNTY FL HLTH FACS AUTH REV 5% due 10/01/2036 BOND 0.0095767670
HAWAII ST 4% due 10/01/2033 BOND 0.0091276432
CHARLOTTE NC WTR & SWR SYS REV 4% due 07/01/2036 BOND 0.0090142971
GREAT LAKES MI WTR AUTH WTR SPLY SYS 5% due 07/01/2036 BOND 0.0086511210
JOHNSON & MIAMI CNTYS KS UNIF SCH DIST 230 5% due 09/01/2035 BOND 0.0082884224
OREGON ST DEPT OF ADMIN SVCS LOTTERY 5% due 04/01/2034 BOND 0.0079936292
NEW YORK CITY NY MUNI WTR FIN 4% due 06/15/2033 BOND 0.0078087243
WASHINGTON ST 5% due 02/01/2036 BOND 0.0076941663
NEW YORK NY Variable rate due 08/01/2034 BOND 0.0070669725