FMB

First Trust Managed Municipal ETF

First Trust · Bonds & Cash

$49.25▲ +0.2% last session▼ −0.6% YTD

As of 10/29/2026, 4:00:00 PM ET · End-of-day

ETFETF Tracker@TheETFTracker · etftracker.io

Dividend-adjusted total return. Comparisons share the fund’s start date. S&P 500 uses VOO. Missing history is unavailable.

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	▲ +0.2%	▲ +2.9%	▼ −1.4%	▼ −1.0%	▼ −0.6%	▲ +12.6%	▲ +1.5%	▲ +38.6%
Peer average	▲ +0.1%	▲ +2.7%	▼ −0.9%	▼ −0.2%	▲ +0.1%	▲ +13.9%	▲ +1.9%	—
S&P 500 · VOO	▼ −0.4%	▲ +0.9%	▲ +3.3%	▲ +13.8%	▲ +13.3%	▲ +88.8%	▲ +81.9%	—

What’s in FMB

What’s in this fund

FMBFirst Trust Managed Municipal ETF

1,225 holdings

As of Oct 30, 2026

Everything else72.5%

ETFETF Tracker@TheETFTracker · etftracker.io

Tile size = share of the fund

HoldingsTop 20 of 1,225 · as of Oct 30, 2026

1—MEADE CNTY KY INDL BLDG REVENUE Variable rate, due 08/01/20610.85%

2—MAIN STREET NATURAL GAS INC GA Variable rate, due 09/01/20520.76%

3—NEW YORK CITY NY TRANSITIONAL FIN AUTH REV 4%, due 11/01/20370.52%

4—PEFA INC IA GAS PROJ REVENUE 5%, due 04/01/20350.51%

5—ENERGY S E AL A COOPERATIVE DIST Variable rate, due 11/01/20530.47%

6—ATLANTA GA ARPT PASSENGER FAC CHG REV 4%, due 07/01/20370.46%

7—PUERTO RICO SALES TAX FING CORP 4.50%, due 07/01/20340.43%

8—SOUTHEAST ENERGY AUTH AL COMMODITY SPLY Variable rate, due 11/01/20510.43%

9—NEW YORK ST DORM AUTH SALES TAX 5%, due 03/15/20380.43%

10—COLORADO ST HLTH FACS AUTH REV 5%, due 08/01/20440.41%

11—COLORADO ST HLTH FACS AUTH REV 4%, due 01/01/20400.40%

12—SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN 5%, due 05/01/20390.37%

13—TARRANT CNTY TX CULTURAL EDU FACS FIN CORP 5.25%, due 12/01/20490.35%

14—SAN ANTONIO TX WTR REVENUE Variable rate, due 05/01/20540.34%

15—KENTUCKY ST PUBLIC ENERGY AUTH Variable rate, due 02/01/20500.33%

16—UNIV OF TEXAS TX UNIV REVENUES 5%, due 08/15/20430.33%

17—LOS ANGELES CA DEPT ARPTS 5.25%, due 05/15/20440.33%

18—S E ALABAMA ST GAS SPLY DIST GAS SPLY REV Variable rate, due 08/01/20540.33%

19—PENNSYLVANIA ST ECON DEV FING AUTH 5.25%, due 06/30/20360.32%

20—NEW YORK NY 5%, due 03/01/20420.32%

Go deeper

Prospectus & documentsRead the official filings

Fund factsStructure & strategy

Issuer: First Trust
Inception: 2014-05-13
Exchange: NASDAQ
CUSIP: 33739N108
Structure: —
Benchmark: —
Leverage: 1x
Reset: —

The main goal of this Fund is to provide an ongoing stream of income that is not subject to regular federal income taxes. Its secondary aim is to achieve long-term growth in the value of its investments. Under typical market conditions, the Fund works towards these objectives by allocating at least 80% of its net assets (including any borrowed capital) to municipal debt instruments that pay interest which is exempt from standard federal income taxation.

Trading & liquidityNAV, volume & spreads

Reported net asset value: $49.23
NAV provider updated: 2026-10-29 UTC
Premium / discount: —
Median spread · 30D: —
Average volume · 30D: 644.8K
Shares outstanding: —
Options: —

DistributionsYield & payout history

TTM distribution yield: 3.8%
30-day SEC yield: —
Frequency: —
Latest ex-date: 2026-10-21

Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.

Ex-date	Pay date	Per share
2026-10-21	2026-10-30	$0.16
2026-09-24	2026-09-30	$0.16
2026-08-21	2026-08-31	$0.16
2026-07-21	2026-07-31	$0.16
2026-06-25	2026-06-30	$0.16
2026-05-21	2026-05-29	$0.16
2026-04-21	2026-04-30	$0.16
2026-03-26	2026-03-31	$0.16
2026-02-20	2026-02-27	$0.16
2026-01-21	2026-01-30	$0.15
2025-12-12	2025-12-31	$0.15
2025-11-21	2025-11-28	$0.15

Fees & costsWhat ownership costs

Net expense ratio: 0.39%
Gross expense ratio: —
Management fee: —
Annual cost per $10,000: $39.00

Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.

RiskVolatility & drawdown

Our risk indicator: 2/5 · rule-based
Annualized volatility · 1Y: 3.57%
Beta vs VOO · 1Y: —
Maximum drawdown · 1Y: ▼ −6.8%

Historical risk measures describe past behavior and do not predict future returns.

From the issuer

Hear the strategy from the people behind FMB.

No issuer videos have been published for this fund. Are you the issuer? Claim this fund →