First Trust Managed Etf Profile

FMB Etf  USD 51.30  -0.06  -0.12%   
Under normal market conditions, the fund seeks to achieve its investment objectives by investing at least 80 percent of its net assets in municipal debt securities that pay interest that is exempt from regular federal income taxes. Managed Municipal is traded on NASDAQ Exchange in the United States. Volume of about 103.98K shares indicates limited liquidity. Beta of 0.02 suggests a relatively defensive profile. It is managed by First Trust in the Municipals and Broad Municipals category.
Performance
Balanced
 
Weak
 
Strong
Odds Of Distress
Low
 
High
 
Low
First Trust Managed is quoted at $51.30 as of March 13, 2026, recording a 0.12% decrease for the day. Market-implied stability metrics indicate that First Trust has a relatively small probability of financial distress over the coming years. Over the last 90 trading days, it has demonstrated strong risk-adjusted performance. The performance scores window runs from December 13, 2025 to March 13, 2026. Learn more.
 One Year Return
4.1
 Total Asset
1.8 B
 Etf Asset Type
Fixed Income
 Category
Muni National Interm
 Ten Year Return
2.4

Moving together with First Etf

  0.97MUB iShares National MuniPairCorr
  0.97VTEB Vanguard Tax ExemptPairCorr
  0.98ITM VanEck Intermediate MuniPairCorr
  0.99DFNM Dimensional ETF TrustPairCorr
  0.98MMIT IQ MacKay MunicipalPairCorr

Etf Highlights

First Trust Managed [FMB] is traded in USA. The fund is classified under the Muni National Interm category within the First Trust family. The entity is thematically classified as Broad Municipals ETFs. First Trust Managed currently has 1.78 B in assets under management (AUM). The total return for the last 3 years is 3.8%.
First Trust financial stability analysis

Notable Updates

Thematic Ideas
(View all Themes)
Old NameFIRST MOBILE GRP
Business ConcentrationBroad Municipals ETFs, Municipals ETFs, Muni National Interm, First Trust (View all Sectors)
IssuerFirst Trust
Inception Date2014-05-13
Entity TypeRegulated Investment Company
Asset Under Management1.96 Billion
Average Trading Volume118,797.3
Asset TypeFixed Income
CategoryMunicipals
FocusBroad Municipals
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorBrown Brothers Harriman & Co.
AdvisorFirst Trust Advisors L.P.
CustodianBrown Brothers Harriman & Co.
DistributorFirst Trust Portfolios L.P.
Portfolio ManagerTom Futrell, Johnathan Wilhelm
Transfer AgentBrown Brothers Harriman & Co.
Fiscal Year End31-Oct
ExchangeNASDAQ
Number of Constituents1,215
Market MakerSusquehanna
Total Expense0.65
Management Fee0.65
Country NameUSA
Returns Y T D1.04
NameFirst Trust Managed Municipal ETF
Currency CodeUSD
Open FigiBBG006H1W517
In Threey Volatility4.63
1y Volatility3.56
200 Day M A50.6747
50 Day M A51.5236
CodeFMB
Updated At12th of March 2026
Currency NameUS Dollar
In Threey Sharp Ratio-0.08

Common Risk Profiles

Estimating a fair return for First Trust begins with the Capital Asset Pricing Model, which frames the risk-reward relationship through alpha and beta. These metrics help investors assess whether the ETF's return adequately compensates for its market risk.

Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. First Trust Managed Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe First Trust price patterns.

First Trust Managed Against Markets

Etf Analysis Notes

First Trust is is formed as Regulated Investment Company in the United States. ETF is managed and operated by Brown Brothers Harriman & Co.. The fund has 1215 constituents with avarage daily trading value of 118.8 K. The fund charges 0.65 percent management fee with a total expences of 0.65 percent of total asset. The fund retains most of the assets under management (AUM) in different types of exotic instruments. First Trust Managed's last dividend was $0.1175 per share. First Trust Managed (FMB) recorded $1.8 billion in Total Assets and an ETF Asset Type of Fixed Income.

Investor Insights and Alerts

Automated alerts tied to First Trust Managed help investors surface material conditions that may support or challenge the current thesis before they become expensive mistakes. In practice, the value comes from seeing which signals are new, which are persistent, and which are strong enough to justify action.
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The fund retains most of the assets under management (AUM) in different types of exotic instruments.

Thematic Classifications

A thematic view of First Trust Managed is valuable because it lets investors test the idea inside a broader opportunity set instead of judging the security in isolation. The practical benefit is that investors can optimize around a trend, not just around one name that may or may not remain the best expression of that trend.
Broad Municipals ETFs Idea
Broad Municipals ETFs
USA ETFs from Broad Municipals clasification
Municipals ETFs Idea
Municipals ETFs
USA ETFs from Municipals clasification

Outstanding Bonds

Predictive Daily Indicators

Daily trading signals in First Trust Managed help active traders monitor momentum, reversals, and volume pressure while the session is still developing. The better setups usually come from combining these signals with strict risk limits, because short-term data can reverse quickly when liquidity thins.

Forecast Models

Quantitative forecast tools for First Trust Managed focus on patterns in observed data, which makes them especially useful when the market is moving faster than traditional bottom-up research can refresh. Used well, forecast models can complement fundamental research by showing where observed price behavior still supports or contradicts the discretionary thesis.

Etf Overview, Methodology & Data Sources

ETF analysis often compares First Trust to category peers rather than single-company comparables. It is classified under Muni National Interm within the First Trust family.

Methodology

Unless otherwise specified, data for First Trust Managed is derived from fund disclosures (prospectus language, holdings reports, and periodic statements where available). Asset-level metrics are computed daily by Macroaxis LLC and refreshed regularly based on instrument type. First Trust Managed market data and reported NAV may reflect delayed updates. Data may be delayed depending on reporting sources and market conventions. NAV-based valuation for First Trust Managed is typically interpreted alongside premium/discount metrics and tracking difference relative to the stated benchmark. Assumptions: This report references public fund disclosures, holdings reports, and market data feeds and institutional disclosures, including U.S. Securities and Exchange Commission (SEC) via EDGAR. Certain datasets may update with delay depending on source availability. All analytics are generated using standardized, rules-based models designed to promote consistency and comparability across instruments. Model assumptions, reference parameters, and selected computational inputs are available in the Model Inputs section. If you have questions about our data sources or methodology, please contact Macroaxis Support.

Research Sources

First Trust Managed may have reference inputs that incorporate holdings disclosures, category classification, and NAV-derived statistics where available. Updates may occur throughout the day.

This content is curated and reviewed by:

Rifka Kats - Member of Macroaxis Editorial Board

More Resources for First Etf Analysis

A comprehensive view of First Trust Managed starts with financial statements and ratio context. Ratio context helps frame profitability, efficiency, and growth trends for First Trust Managed Etf. Selected reports below provide context for First Etf:
Investing Opportunities provides context for diversified portfolio construction. Refined allocation visibility enhances overall portfolio context. This reflects a position in First Trust Managed within the allocation view. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.
Analysis related to First Trust should be read together with other portfolio and risk tools before capital is reallocated. That is especially important when the goal is to improve the overall mix of instruments already held. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Understanding First Trust Managed includes distinguishing between market value and book value, where book value reflects First's accounting equity. Intrinsic value reflects what First Trust's fundamentals imply about worth, which may differ from both the trading price and the book figure. Analytical frameworks help reconcile those views.
It is useful to distinguish First Trust's value from its trading price, which are computed with different methods. Reviewing financial results, valuation ratios, and competitive positioning helps frame the value discussion. The quoted price is simply the exchange level where supply meets demand.