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›ETF Providers›First Trust›FMB

FMB

US33739N1081

Active ETF Fixed Income

FMB ETF · First Trust Managed Municipal ETF

The FMB Exchange Traded Fund (ETF) is provided by First Trust. This fund is actively managed; it does not track an index. This share class generates a stream of income by distributing dividends.

Last update 3/13/2026, 1:30 PM UTC

LIVE

CLOSED

This fund is part ofMunicipal Bonds1M perf.-0.64%

Last price

$51.30

1M perf.

-0.52%

1M flows

+€15M

AuM

€1.7B

E/R

0.65%

Rating

Not rated

ESG Consensus®

FMB

$51.30

Performance & flows

Segment for quartile rank

December 12, 2025 → March 12, 2026

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FMB

$51.19

+1.41%

Municipal Bonds

+0.89%

Historic performance and flows

	1M	3M	1Y	3Y	5Y	MTD	QTD	YTD
Perf.	-0.52%	+1.41%	+4.05%	+9.00%	+1.66%	-1.49%	+0.99%	+0.99%
Flows

Key fund info

Segment for quartile rank

This ETF's jurisdiction country is not in your region (Europe and Middle East) ·

Main characteristics

Issuer

First Trust

CUSIP

33739N108

ISIN

US33739N1081

AuM

€1.7B

E/R

0.65%

ESG Consensus®

More details

NAV

3/12/2026

$51.19

1D NAV change

-0.32%

Dividend policy

Distributing

No. of holdings

N/A

Inception date

5/13/2014

Jurisdiction

United States

Distribution

United States

Legal structure

Open-end Fund

Base currency

USD

Dividend distribution

Trailing 12-month distr. yield

Distribution frequency

Last distribution

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Classification

Product type

Active ETF

Asset class

Fixed Income

Factors

N/A

Investment strategy

The primary investment objective of the Fund will be to generate current income that is exempt from regular federal income taxes and its secondary objective will be long term capital appreciation. 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 that pay interest that is exempt from regular federal income taxes.

Tax optimisation

PEA

France

UK Reporting Status

United Kingdom

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Risk profile

Segment for quartile rank

Historical risk/return profile

	3M	1Y	3Y	5Y
Returns	+1.41%	+4.05%	+9.00%	+1.66%
Volatility
Perf./Volatility
Max drawdown

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Synthetic Risk and Reward Indicator (SRRI)

UCITS

N/A

PRIIPS

N/A

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Enterprise

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Exposure

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Sustainability

Integrates ESG criteria

SDG

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Issuer

First Trust

First Trust ID Card

Number of funds

401

Total AuM

€211.16B

Expense ratio range

0.15% - 13.69%

Average expense ratio

0.7991%

View all First Trust funds

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Frequently asked questions about FMB

What does First Trust Managed Municipal ETF, FMB, invest in?

FMB is a Active ETF. This ETF provides exposure to North American Mixed Ratings Municipal Bonds.

What is the Total Expense ratio (TER) of FMB?

FMB carries a total expense ratio (TER) of 0.65%, indicating the annual cost for holding the fund.

When was FMB launched?

FMB was introduced to the market on May 13, 2014. It trades on United States

Who is the ETF issuer of FMB?

First Trust Managed Municipal ETF, FMB, is provided by First Trust. Learn more about First Trust here.

What is the current assets under management (AUM) of FMB?

FMB oversees €1.7B in assets as of March 12, 2026.

How has FMB performed lately?

Based on data from March 12, 2026, FMB returned -0.52% over the past month, 1.41% over the last three months and 0.99% year-to-date.

What are the latest inflows or outflows for FMB?

As of March 12, 2026, FMB recorded net flows of +€15M over the last month and -€334K year-to-date.

Does FMB distribute dividends?

FMB follows a distributing dividend policy, meaning it pays out income to investors. As of March 12, 2026, its 12-month trailing yield was 3.43%.

What is the base currency of FMB?

The base currency of FMB is USD.

About Trackinsight

Since our founding in 2016, we have been at the forefront of the industry, delivering accessible, comprehensive, and reliable tools to support the evolving needs of investors.

Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.

In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.

This strategic partnership solidifies Trackinsight's position as a premier provider of ETF selection and analysis tools, while strengthening Kepler Cheuvreux’s commitment to becoming a leading player in the ETF sector.

Together, we are committed to offering advanced services that empower professional investors, advisors, institutions, and issuers. This new step enables us to deliver even more comprehensive and innovative technological solutions, driving ETF investing to new heights.

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FMB ETF · First Trust Managed Municipal ETF

Performance & flows

Historic performance and flows

Monthly performance and flows

Trading and listing info

Key fund info

Enterprise

Risk profile

Historical risk/return profile

Enterprise

Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.

Exposure

Enterprise

Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.

Sustainability

Enterprise

Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.

Issuer

Frequently asked questions about FMB

What does First Trust Managed Municipal ETF, FMB, invest in?

FMB is a Active ETF. This ETF provides exposure to North American Mixed Ratings Municipal Bonds.

What is the Total Expense ratio (TER) of FMB?

FMB carries a total expense ratio (TER) of 0.65%, indicating the annual cost for holding the fund.

When was FMB launched?

FMB was introduced to the market on May 13, 2014. It trades on United States

Who is the ETF issuer of FMB?

First Trust Managed Municipal ETF, FMB, is provided by First Trust. Learn more about First Trust here.

What is the current assets under management (AUM) of FMB?

FMB oversees €1.7B in assets as of March 12, 2026.

How has FMB performed lately?

Based on data from March 12, 2026, FMB returned -0.52% over the past month, 1.41% over the last three months and 0.99% year-to-date.

What are the latest inflows or outflows for FMB?

As of March 12, 2026, FMB recorded net flows of +€15M over the last month and -€334K year-to-date.

Does FMB distribute dividends?

FMB follows a distributing dividend policy, meaning it pays out income to investors. As of March 12, 2026, its 12-month trailing yield was 3.43%.

What is the base currency of FMB?

The base currency of FMB is USD.

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