Morningstar

First Trust Managed Municipal ETF FMB

Morningstar Medalist Rating
Medalist Rating as of | See First Trust Investment Hub

Morningstar’s Analysis FMB

Will FMB outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMB’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FMB management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FMB’s parent organization’s priorities and whether they’re in line with investors’ interests.

A credit-focused intermediate municipal active ETF.

null Ken Noguchi

Ken Noguchi

Summary

First Trust Managed Muni ETF’s FMB experienced managers and researchers execute a straightforward process, and the strategy’s higher-than-peers’ non-investment-grade stakes differentiate it from rivals.

by Ken Noguchi
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Portfolio Holdings FMB

More FMB Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 5.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MEADE CNTY KY INDL BLDG REV 3.65%

0.79 16.2 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

0.73 14.8 Mil
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 4%

0.51 10.3 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 4%

0.50 10.2 Mil
municipal

METROPOLITAN TRANSN AUTH N Y REV 2.8%

0.49 10.0 Mil
municipal

TEXAS MUN GAS ACQUISITION & SUPPLY CORP IV GAS SUPPLY REV 5.5%

0.48 9.7 Mil
municipal

ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5.5%

0.47 9.6 Mil
municipal

ATLANTA GA ARPT PASSENGER FAC CHARGE REV 4%

0.44 9.0 Mil
municipal

NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5%

0.42 8.6 Mil
municipal

SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 4%

0.41 8.3 Mil
municipal

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