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%
#1,918 of 5,861 · low cost
Fund Size
$2.1B
#756 of 5,861 · large
Dividend YieldGoal
3.51%
Track Record
12 years
#1,165 of 5,861 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,343+3.4%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 5.1% of fund✓ well diversified
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
99.6%
Cash
0.4%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
2.8%Low
Year-on-year price swings
Max drawdown
-14.2%Mild
Worst peak-to-trough loss
Sharpe (3Y)
-0.15Below average
Sortino (3Y)
-0.19Moderate downside risk
Bond profile
Duration
4.8 years
Avg maturity
10.5 years
Credit ratings
AAA
6.7%
AA
40.6%
A
31.1%
BBB
9.9%
BB
2.6%
B
0.1%
Other
8.9%
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 2026-08-04