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First Trust Managed Municipal ETF FMB ETF Analysis

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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