First Trust Managed Municipal ETF FMB is managed by an experienced and growing cohort, but it sports a risky profile with many new faces acclimating to the process. This strategy maintains its Morningstar Analyst Rating of Neutral.
Will FMB outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of FMB’s parent organization’s priorities and whether they’re in line with investors’ interests.