FMB

First Trust Managed Municipal ETF

$48.29

+0.00%

Market closed. Last update: 11:40 PM ET

📎 Investment Objective

The First Trust Managed Municipal ETF (FMB) seeks to provide current income that is exempt from regular federal income taxes.

Overview

ETF tracking First Trust Managed Municipal ETF

Category Municipal Bonds

Issuer First Trust

Inception Date 2014-05-15

Market Cap $1.8B

Average Volume N/A

Dividend Yield 2.96%

52-Week Range $49.12 - $51.97

VWAP $51.19

Performance

Loading performance data...

Price Chart

Investment Summary

📎 Investment Objective

The First Trust Managed Municipal ETF (FMB) seeks to provide current income that is exempt from regular federal income taxes.

🎯 Investment Strategy

The fund invests primarily in municipal bonds and other municipal securities. The portfolio is actively managed, with the goal of generating tax-exempt income while managing interest rate risk.

✨ Key Features

Actively managed municipal bond portfolio
Focuses on tax-exempt income generation
Aims to manage interest rate risk through active management
Diversified exposure to the municipal bond market

⚠️ Primary Risks

Interest rate risk: The value of municipal bonds may decline as interest rates rise
Credit risk: The risk of default or downgrade by municipal bond issuers
Liquidity risk: Municipal bonds may be less liquid than other fixed income securities
Tax risk: Changes in tax laws could affect the tax-exempt status of municipal bond interest

👤 Best For

FMB may be suitable for investors seeking tax-exempt income and exposure to the municipal bond market. It may be particularly appealing to investors in higher tax brackets who are looking to generate tax-advantaged returns. However, investors should be comfortable with the risks associated with municipal bonds, including interest rate and credit risk.