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First Trust Managed Municipal ETF FMB

Analyst rating as of

Morningstar’s Analysis

Will FMB outperform in future?

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

This strategy is going through its first major test.

Associate Analyst


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First Trust Managed Municipal ETF FMB is managed by an experienced and growing team that has a background in buying mid- and low-quality muni bonds, honed during prior stints at Nuveen. While the fund's risk appetite has helped it achieve strong performance since its launch in 2014, it has relied on concentrated positions in more-volatile sectors which are facing significant stress due to the coronavirus crisis as of mid-2020. This strategy maintains its Morningstar Analyst Rating of Neutral.

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