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FMB
+0.80 · +1.59%
$51.35 · NASDAQ

First Trust Managed Municipal ETF (FMB) ETF Analysis | Muni National Interm

First Trust · United States
AUM:$2.0B
#– of – in Muni National Interm ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

FMB returned +4.9% over the past year, broadly in line with flat market conditions.

Cost Efficiency

Ongoing charge of 0.65% — moderate cost. Consider how fees compound over long holding periods.

What is FMB?

Under normal market conditions, the fund seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes.

Performance Highlights

Returns (%)
Cost & Yield (%)

Investment Breakdown

Modest 1-Year Return
FMB returned 4.9% over the past year.
Moderate Cost
Expense ratio of 0.65%. Consider how fees compound over a long holding period.
Broadly Diversified
Top 10 holdings represent just 0.0% of the ETF — exposure spread across many positions.
ETF Information
AUM$2.0B
Expense Ratio0.65%
Dividend Yield3.37%
Holdings1
Inception DateMay 2014
DomicileUnited States
DistributionNA
Index–
ProviderFirst Trust
Beta0.83
CategoryMuni National Interm
CurrencyUSD
Portfolio Impact

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6168
+7 points · better diversified

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
-3.5%
1Y
+3.0%
3Y
+9.0%
5Y
+0.3%
OpenBook InsightIf you had invested £10,000 in FMB 5 years ago, it would have grown to £10,028 — a gain of £28.

Annual Returns

Calendar year performance

FMB delivered positive returns in 3 of the last 5 calendar years.
YearFMB
2026 YTD-1.4%
2025+3.8%
2024+2.1%
2023+6.1%
2022-9.8%
CAGR 4yr+0.4%
3/5 positive yearsAvg return: +0.2%Worst year: -9.8% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: NEGATIVE
Trend Strength
0%
Negative
Volatility
3.6%
Low
Momentum
-1.8%
30-day change
Support Level
50.04
Key floor
Key Insights
  • Price is currently below all major moving averages, indicating a weaker trend profile.
  • Price is consolidating, with low momentum over the recent period.
  • Low volatility environment with a narrower recent trading range.
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