Morningstar

First Trust Managed Municipal ETF FMB

Morningstar Medalist Rating
Medalist Rating as of | See First Trust Investment Hub

Morningstar’s Analysis FMB

Will FMB outperform in the 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.

An active muni ETF with an appetite for credit risk.

Associate Analyst Rafael Ramirez

Rafael Ramirez

Associate Analyst

Summary

First Trust Managed Municipal ETF’s research capabilities are sufficient, but the team’s propensity to take more credit risk than most muni national intermediate Morningstar Category peers hasn’t paid off.

by Rafael Ramirez
Rated on Published on

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Portfolio Holdings FMB

More FMB Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 3.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 3.65%

0.93 18M
municipal

MEADE CNTY KY INDL BLDG REV 4%

0.85 16M
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

0.75 14M
municipal

Cash

0.55 11M
Cash and Equivalents

PEFA INC IOWA GAS PROJ REV 5%

0.50 10M
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 4%

0.49 9M
municipal

ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5.5%

0.47 9M
municipal

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

0.46 9M
municipal

ATLANTA GA ARPT PASSENGER FAC CHARGE REV 4%

0.44 8M
municipal

SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 4%

0.42 8M
municipal

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