First Trust Managed Municipal ETF FMB
Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed
- Expense ratio
- 0.39%
- Net assets
- $2.0B
- Holdings
- 1,276
- 12-month distribution yield
- 3.80%
- Asset class
- Fixed income
First Trust Managed Municipal ETF (FMB) is an exchange-traded fund listed on the Nasdaq in the United States, issued by First Trust. Its category is Fixed income · US (fixed income). Its last price was US$48.63 on 20 Oct 2026. Its expense ratio is 0.39% a year, from its prospectus dated 2 Mar 2026. It reported net assets of US$2.05 billion as of 31 Jul 2026. Its latest holdings report lists 1,276 holdings as of 31 Jul 2026. Over the last 12 months it paid distributions of US$1.85 a unit, a 12-month distribution yield of 3.80%, paid monthly.
Fees
- Total annual operating expenses (gross)
- 0.39%
- Net, after fee waivers or reimbursements
- No waiver stated
- Management fee
- 0.39%
- Prospectus date
- 2 Mar 2026
- Filed with the SEC
- 27 Feb 2026
Size and reporting
- Net assets
- $2,046,612,387
- Total assets
- $2,064,459,335
- Holdings as of
- 31 Jul 2026
- Report made public
- 24 Sep 2026 (55 days after the month end)
Top holdings
Largest 25 of 1,276 positions, as of 31 Jul 2026. Weight is the percent of net assets the fund reported.
| # | Holding | Identifier | Weight | Value (USD) | Type | Country | Currency |
|---|---|---|---|---|---|---|---|
| 1 | MEADE CNTY KY KY MEADEV 08/01/2061 | US583022AE86 | 0.79% | $16.2M | Debt | United States | USD |
| 2 | MAIN STREET NATURAL GAS INC (GA) GA MAIUTL 09/01/2052 | US56035DDX75 | 0.71% | $14.6M | Debt | United States | USD |
| 3 | BLACK BELT ENERGY GAS DISTRICT (THE) (AL) AL BBEUTL 10/01/2052 | US09182TAF49 | 0.50% | $10.2M | Debt | United States | USD |
| 4 | NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY) NY NYCGEN 4 11/01/2037 | US64971XNF14 | 0.48% | $9.9M | Debt | United States | USD |
| 5 | ENERGY SOUTHEAST A COOPERATIVE DISTRICT (AL) AL ESDPWR 11/01/2053 | US292723AK96 | 0.44% | $9.1M | Debt | United States | USD |
| 6 | TEXAS MUNICIPAL GAS ACQUISITION AND SUPPLY CORP IV (TX) TX TMGUTL 01/01/2054 | US88256PAT75 | 0.44% | $9.1M | Debt | United States | USD |
| 7 | TENNESSEE ENERGY ACQUISITION CORP (TN) TN TNSUTL 5 11/01/2034 | US880443JQ01 | 0.44% | $8.9M | Debt | United States | USD |
| 8 | ATLANTA (GA), CITY OF GA ATLAPT 4 07/01/2037 | US04780TDL52 | 0.43% | $8.9M | Debt | United States | USD |
| 9 | DORMITORY AUTHORITY OF THE STATE OF NEW YORK (NY) NY NYSHGR 5 03/15/2038 | US64990AMP74 | 0.40% | $8.3M | Debt | United States | USD |
| 10 | SOUTHEAST ENERGY AUTHORITY (AL) AL SEEPWR 11/01/2051 | US84136FAH01 | 0.40% | $8.2M | Debt | United States | USD |
| 11 | PUERTO RICO SALES TAX FINANCING CORP PR PRCGEN 4.5 07/01/2034 | US74529JPU33 | 0.40% | $8.2M | Debt | United States | USD |
| 12 | COLORADO HEALTH FACILITIES AUTHORITY (CO) CO COSMED 4 01/01/2040 | US19648FMB75 | 0.38% | $7.8M | Debt | United States | USD |
| 13 | BLACK BELT ENERGY GAS DISTRICT (THE) (AL) AL BBEUTL 10/01/2052 | US09182TAM99 | 0.38% | $7.8M | Debt | United States | USD |
| 14 | NEW YORK N Y CITY MUN WTR FIN AUTH NY NYCUTL 06/15/2041 | US64972GT950 | 0.35% | $7.2M | Debt | United States | USD |
| 15 | SAN FRANCISCO CITY AND COUNTY AIRPORT COMMISSION (CA) CA SFOAPT 5 05/01/2039 | US79766DLZ05 | 0.35% | $7.2M | Debt | United States | USD |
| 16 | TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP (TX) TX TAREDU 5.25 12/01/2049 | US87638QTJ84 | 0.33% | $6.8M | Debt | United States | USD |
| 17 | SAN ANTONIO TEX TX SANWTR 05/01/2054 | US79642GQR64 | 0.32% | $6.5M | Debt | United States | USD |
| 18 | PUBLIC ENERGY AUTHORITY OF KENTUCKY (KY) KY KYSPWR 02/01/2050 | US74440DCM48 | 0.31% | $6.3M | Debt | United States | USD |
| 19 | PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY (PA) PA PASDEV 5.25 06/30/2036 | US70868YAM12 | 0.31% | $6.2M | Debt | United States | USD |
| 20 | EAST BATON ROUGE SEWERAGE COMMISSION (LA) LA EASUTL 4 02/01/2045 | US270618FQ99 | 0.30% | $6.2M | Debt | United States | USD |
| 21 | NEW YORK (NY), CITY OF NY NYC 5 03/01/2042 | US64966QVS64 | 0.30% | $6.2M | Debt | United States | USD |
| 22 | NEW YORK (NY), CITY OF NY NYC 5.25 10/01/2039 | US64966QK588 | 0.30% | $6.1M | Debt | United States | USD |
| 23 | ALABAMA POWER COMPANY AL WALPOL 08/01/2063 | US931542AB08 | 0.29% | $6.0M | Debt | United States | USD |
| 24 | NORTH TEXAS TOLLWAY AUTHORITY (THE) TX NRTTRN 4 01/02/2038 | US66285WZW99 | 0.29% | $5.9M | Debt | United States | USD |
| 25 | BLACK BELT ENERGY GAS DISTRICT (THE) (AL) AL BBEUTL 5.25 06/01/2036 | US09182TJX63 | 0.28% | $5.7M | Debt | United States | USD |
Breakdowns
Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.
Asset type
| Type | Weight | Bar |
|---|---|---|
| Debt | 99.49% |
Country
| Country | Weight | Bar |
|---|---|---|
| United States | 99.49% |
Currency exposure
| Currency | Weight | Bar |
|---|---|---|
| US dollar (USD) | 99.49% |
Sector
No sector data
Source: SEC Form N-PORT (opens in a new tab) Holdings as of
Distributions
- Paid in the last 12 months
- $1.8470
- 12-month yield
- 3.80%
- Frequency
- Monthly
- Latest ex-date
- 24 Sep 2026
12-month yield = distributions per unit with an ex-date in the last 12 months ($1.8470) ÷ latest price ($48.63) × 100 = 3.80%. It looks back, so it is not a forecast; special distributions in the window are included.
Why a distribution yield is not the fund's return: yield vs total return
Distribution history table (59 payments)
| Ex-date | Amount per unit |
|---|---|
| 24 Sep 2026 | $0.1590 |
| 21 Aug 2026 | $0.1580 |
| 21 Jul 2026 | $0.1570 |
| 25 Jun 2026 | $0.1570 |
| 21 May 2026 | $0.1560 |
| 21 Apr 2026 | $0.1560 |
| 26 Mar 2026 | $0.1550 |
| 20 Feb 2026 | $0.1550 |
| 21 Jan 2026 | $0.1540 |
| 12 Dec 2025 | $0.1470 |
| 21 Nov 2025 | $0.1470 |
| 21 Oct 2025 | $0.1460 |
| 25 Sep 2025 | $0.1460 |
| 21 Aug 2025 | $0.1440 |
| 22 Jul 2025 | $0.1440 |
| 26 Jun 2025 | $0.1440 |
| 21 May 2025 | $0.1420 |
| 22 Apr 2025 | $0.1410 |
| 27 Mar 2025 | $0.1400 |
| 21 Feb 2025 | $0.1400 |
| 22 Jan 2025 | $0.1400 |
| 13 Dec 2024 | $0.1390 |
| 21 Nov 2024 | $0.1390 |
| 22 Oct 2024 | $0.1390 |
| 26 Sep 2024 | $0.1390 |
| 21 Aug 2024 | $0.1380 |
| 23 Jul 2024 | $0.1370 |
| 27 Jun 2024 | $0.1370 |
| 21 May 2024 | $0.1350 |
| 23 Apr 2024 | $0.1350 |
| 21 Mar 2024 | $0.1350 |
| 21 Feb 2024 | $0.1350 |
| 23 Jan 2024 | $0.1350 |
| 22 Dec 2023 | $0.1330 |
| 21 Nov 2023 | $0.1280 |
| 24 Oct 2023 | $0.1280 |
| 22 Sep 2023 | $0.1280 |
| 22 Aug 2023 | $0.1280 |
| 21 Jul 2023 | $0.1280 |
| 27 Jun 2023 | $0.1280 |
| 23 May 2023 | $0.1280 |
| 21 Apr 2023 | $0.1300 |
| 24 Mar 2023 | $0.1300 |
| 22 Feb 2023 | $0.1290 |
| 24 Jan 2023 | $0.1270 |
| 23 Dec 2022 | $0.1210 |
| 22 Nov 2022 | $0.1190 |
| 21 Oct 2022 | $0.1160 |
| 23 Sep 2022 | $0.1100 |
| 23 Aug 2022 | $0.1080 |
| 21 Jul 2022 | $0.1060 |
| 24 Jun 2022 | $0.1000 |
| 24 May 2022 | $0.0980 |
| 21 Apr 2022 | $0.0900 |
| 25 Mar 2022 | $0.0900 |
| 18 Feb 2022 | $0.0900 |
| 21 Jan 2022 | $0.0900 |
| 23 Dec 2021 | $0.0900 |
| 23 Nov 2021 | $0.0900 |
Filings and sources
- Form N-PORT report for July 2026 (opens in a new tab)
- Prospectus filing with the fee table (opens in a new tab)
- All SEC filings for this fund series (S000044373) (opens in a new tab)
- Nasdaq Trader symbol directory (opens in a new tab)
- Yahoo Finance quote and distributions (opens in a new tab)
- How the ETF figures are collected
Compare with
Largest funds in the same category:
- FMB and BND Vanguard Total Bond Market ETF
- FMB and AGG iShares Core U.S. Aggregate Bond ETF
- FMB and VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares
- FMB and BSV Vanguard Short-Term Bond ETF