First TrustMuni National IntermediateFMB · Nasdaq

First Trust Managed Municipal ETF (FMB)

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Price: $49.19; —11 Sept 2026
Assets: $2.1B; Total net assets
Expense ratio: 0.39%; Category 0.62%
Yield: 3.67%; Trailing distributions

1Y return: 0.4%-0.1%; Category 0.5%
3Y CAGR: 2.8%-0.3%; Category 3.1%
5Y CAGR: -0.0%-0.4%; Category 0.4%

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First Trust Managed Municipal ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-2.5%	-3.1%	-2.3%	-1.4%	+0.4%	+2.8%	0.0%	+1.8%	+2.6%
Muni National Intermediate average	-2.3%	-2.5%	-1.9%	-1.0%	0.5%	3.1%	0.4%	1.7%	1.6%
Difference	-0.3%	-0.7%	-0.5%	-0.4%	-0.1%	-0.3%	-0.4%	+0.1%	+1.0%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA6.6%
AA41.2%
A31.1%
BBB9.7%
BB2.4%
B0.1%
Other8.8%

Asset mix

Bonds99.4%
Cash0.6%

ETF details

Issuer: First Trust
Category: Fixed Income · Muni National Intermediate
Ticker: FMB
Exchange: Nasdaq
Inception: 13 May 2014 (12.3 years)
Structure: Exchange Traded Fund
Expense ratio: 0.39% (category 0.62%)
Holdings turnover: 32% (category 43%)
Distribution yield: 3.67%
Beta, 3 years: 0.87
Total net assets: $2.1B
Average duration: 4.81 years
Average maturity: 10.18 years

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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