Skip to Content
ETFs

First Trust Exchange-Traded Fund III First Trust Managed Municipal ETF

FMB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 13 2014
Expense Ratio
0.50%
Type
US Bonds
Fund Owner
First Trust
Volume (1m avg. daily)
$7,799,623
AUM
$1,868,625,099
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Derivatives offset
7.73%
n/a
MAIN STREET NATURAL GAS INC GA Variable rate due 09/01/2052
0.75%
n/a
MEADE CNTY KY INDL BLDG REVENUE Variable rate due 08/01/2061
0.65%
n/a
SAINT LUCIE CNTY FL SOL WST DISP Variable rate due 05/01/2024
0.54%
n/a
COLORADO ST HLTH FACS AUTH REV 4% due 01/01/2040
0.54%
n/a
BLACK BELT ENERGY GAS DIST AL Variable rate due 10/01/2052
0.53%
n/a
NEW YORK CITY NY TRANSITIONAL FIN AUTH REV 4% due 11/01/2037
0.53%
n/a
ATLANTA GA ARPT PASSENGER FAC CHG REV 4% due 07/01/2037
0.47%
n/a
NEW YORK ST DORM AUTH SALES TAX 5% due 03/15/2038
0.45%
n/a
PEFA INC IA GAS PROJ REVENUE Variable rate due 09/01/2049
0.45%
Invest with FMB

What is FMB?

The First Trust Managed Municipal ETF is an actively managed exchange-traded fund. Under normal market conditions, the fund will seek to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities.

ETFs related toFMB

ETFs correlated to FMB include SCMB, CGMU, CMF

FMB
First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
TAXF
American Century ETF Trust - American Century Diversified Municipal Bond ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
FMHI
First Trust Exchange-Traded Fund III - First Trust Municipal High Income ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
MUNI
Pimco Exchange Traded Fund - PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

FMB is a US Bonds ETF. The First Trust Managed Municipal ETF is an actively managed exchange-traded fund. Under normal market conditions, the fund will seek to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities.

Yes, FMB is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FMB is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FMB is -0.0139%. This is the percent change in the value of FMB over the most recent 1-month period. The 3-month return on FMB is -0.0222%. This is the percent change in the value of FMB over the most recent 3-month period.

The standard deviation of FMB for the past year is 0.0414%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FMB include SUB, HYD, and TFI.

ETFs correlated to FMB include SCMB, CGMU, and CMF.

ETFs that are inversely correlated to FMB include TTT, TBT, and TMV.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.