First Trust Managed Municipal ETF FMB’s growing resources are encouraging, but the strategy still lacks the research breadth of larger competitors, especially given its tendency to take significant credit risk. This supports a Morningstar Analyst Rating of Neutral.
Morningstar’s Analysis FMB
Will FMB outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
- Current Portfolio Date
- Equity Holdings 0
- Bond Holdings 1518
- Other Holdings 9
- % Assets in Top 10 Holdings −0.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
MEADE CNTY KY INDL BLDG REV 4%
Cash and Equivalents
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%
ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5.5%
ATLANTA GA ARPT PASSENGER FAC CHARGE REV 4%
BURKE CNTY GA DEV AUTH POLLUTN CTL REV 3.35%
NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5%
PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.5%