FMB – First Trust Managed Municipal ETF – ETF Stock Quote

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.

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

Rated on Mar 28, 2024 Published on Mar 28, 2024

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Current Portfolio Date Apr 17, 2024
Equity Holdings —
Bond Holdings —
Other Holdings —
% Assets in Top 10 Holdings 3.0

Top 10 Holdings	% Portfolio Weight	Market Value USD	Sector
MEADE CNTY KY INDL BLDG REV 4.8%	0.86	16.2 Mil	municipal
MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%	0.77	14.4 Mil	municipal
NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 4%	0.54	10.2 Mil	municipal
BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 4%	0.54	10.1 Mil	municipal
TEXAS MUN GAS ACQUISITION & SUPPLY CORP IV GAS SUPPLY REV 5.5%	0.50	9.4 Mil	municipal
ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5.5%	0.49	9.2 Mil	municipal
ATLANTA GA ARPT PASSENGER FAC CHARGE REV 4%	0.47	8.9 Mil	municipal
NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5%	0.45	8.5 Mil	municipal
PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.5%	0.44	8.3 Mil	municipal
SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 4%	0.43	8.1 Mil	municipal

First Trust Managed Municipal ETF FMB

Morningstar’s Analysis FMB

Will FMB outperform in future?

Process Pillar

People Pillar

Parent Pillar

A credit-focused intermediate municipal active ETF.

Summary

Portfolio Holdings FMB

MEADE CNTY KY INDL BLDG REV 4.8%

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 4%

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 4%

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

ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5.5%

ATLANTA GA ARPT PASSENGER FAC CHARGE REV 4%

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

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.5%

SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 4%

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Morningstar’s Analysis FMB

Will FMB outperform in future?

Process Pillar

People Pillar

Parent Pillar

A credit-focused intermediate municipal active ETF.

Summary

Portfolio Holdings FMB

MEADE CNTY KY INDL BLDG REV 4.8%

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 4%

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 4%

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

ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5.5%

ATLANTA GA ARPT PASSENGER FAC CHARGE REV 4%

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

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.5%

SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 4%

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