FMBFirst Trust Managed Municipal ETF
Generates current income exempt from federal income taxes and seeks long-term capital appreciation.
By First Trust · Launched 2014
Annual Cost
0.39%
#1,988 of 6,040 · low cost
Fund Size
$2.1B
#782 of 6,040 · large
Return (1Y)
+0.0%
Track Record
12 years
#1,177 of 6,040 · established
Performance
Total-return NAV · USDGrowth of $10,000
$9,858-1.4%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 5.1% of funddiversified
MEADE CNTY KY
0.8%
MAIN STREET NATURAL GAS INC (GA)
0.7%
BLACK BELT ENERGY GAS DISTRICT (THE) (AL)
0.5%
NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY)
0.5%
TEXAS MUNICIPAL GAS ACQUISITION AND SUPPLY CORP IV (TX)
0.5%
ENERGY SOUTHEAST A COOPERATIVE DISTRICT (AL)
0.5%
ATLANTA (GA), CITY OF
0.4%
DORMITORY AUTHORITY OF THE STATE OF NEW YORK (NY)
0.4%
SOUTHEAST ENERGY AUTHORITY (AL)
0.4%
PUERTO RICO SALES TAX FINANCING CORP
0.4%
Asset allocation
Bonds
99.4%
Cash
0.6%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
2.7%Low
Year-on-year price swings
Max drawdown
-14.2%Mild
Worst peak-to-trough loss
Sharpe (3Y)
-0.28Below average
Sortino (3Y)
-0.37Moderate downside risk
Bond profile
Duration
4.8 years
Avg maturity
10.2 years
Credit ratings
AAA
6.6%
AA
41.2%
A
31.1%
BBB
9.7%
BB
2.4%
B
0.1%
Other
8.8%
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Generates current income exempt from federal income taxes and seeks long-term capital appreciation.
- Strategy
- Invests primarily in municipal debt securities, targeting at least 80% of net assets in securities exempt from federal income taxes. Aims for current income and long-term capital appreciation through a structured investment process including credit analysis and sector evaluation.
- Inception date
- May 13, 2014
- Fund family
- First Trust
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Data updated on 2026-09-18