FMB Performance — First Trust Managed Municipal ETF
Data updated: 2026-09-24
FMB returned +0.46% year to date and +5.13% over one year to Jul 2026. Annualised returns are +3.13% over 3 years and +0.27% over 5 years. The fund beat its Intermediate Municipal Bond category average: $100 invested three years ago grew to $110, against $109 for the category, and to $105 over one year, against $105. Volatility over the past three years was 4.96% a year. In the 12 months to Jul 2026 the fund took in a net $161.0M, and assets reached $2.05B.
FMB Growth of $100
What $100 invested in First Trust Managed Municipal ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | FMB | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $105 | $105 |
| 3 years (Aug 2023 – Jul 2026) | $110 | $109 |
| 5 years (Aug 2021 – Jul 2026) | $101 | $102 |
| Since data start (Aug 2019 – Jul 2026) | $111 | $109 |
FMB Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.46% |
| 1 year | +5.13% |
| 3 years (annualised) | +3.13% |
| 5 years (annualised) | +0.27% |
FMB Annual Returns
Calendar-year total returns of First Trust Managed Municipal ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.46% |
| 2025 | +3.68% |
| 2024 | +2.09% |
| 2023 | +5.96% |
| 2022 | −9.69% |
| 2021 | +2.49% |
| 2020 | +4.45% |
| 2019 (Aug–Dec) | +1.77% |
FMB Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.9% | +1.4% | −2.2% | +1.2% | +0.5% | +0.7% | −1.8% | — | — | — | — | — |
| 2025 | +0.3% | +1.0% | −1.7% | −0.8% | −0.1% | +0.6% | −0.3% | +0.7% | +2.2% | +1.3% | +0.3% | +0.2% |
| 2024 | 0.0% | +0.2% | +0.1% | −0.9% | −0.1% | +1.4% | +0.8% | +0.6% | +1.0% | −1.3% | +1.4% | −1.1% |
| 2023 | +2.5% | −1.8% | +1.4% | +0.1% | −0.7% | +0.9% | +0.3% | −0.8% | −2.2% | −1.1% | +5.3% | +2.2% |
| 2022 | −2.7% | −0.7% | −3.1% | −3.0% | +0.7% | −1.9% | +2.5% | −1.9% | −3.4% | −0.8% | +4.2% | +0.1% |
| 2021 | +0.9% | −1.6% | +0.8% | +1.0% | +0.6% | +0.4% | +0.8% | −0.4% | −0.8% | −0.2% | +0.9% | +0.2% |
| 2020 | +1.9% | +1.6% | −5.8% | −2.2% | +3.4% | +1.7% | +1.9% | −0.2% | −0.1% | −0.1% | +1.7% | +0.9% |
| 2019 | — | — | — | — | — | — | — | +1.9% | −0.7% | +0.1% | +0.2% | +0.4% |
FMB Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 4.96%
- 3-year Sharpe ratio: -0.28 (vs 4.5% risk-free rate)
- Best month: +5.31% (Nov 2023)
- Worst month: −2.22% (Sep 2023)
FMB Fund Flows
Monthly money in and out of First Trust Managed Municipal ETF, from SEC Form N-PORT.
- 12-month net flow: $161.0M
- 12-month gross sales (incl. reinvestments): $270.5M
- Sales ÷ redemptions: 2.47×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $43.3M | $5.0M | $38.2M |
| Jun 2026 | $23.1M | $12.8M | $10.3M |
| May 2026 | $28.0M | $7.6M | $20.4M |
| Apr 2026 | $25.5M | $0 | $25.5M |
| Mar 2026 | $35.7M | $0 | $35.7M |
| Feb 2026 | $15.5M | $0 | $15.5M |
| Jan 2026 | $23.1M | $43.7M | −$20.6M |
| Dec 2025 | $25.6M | $7.7M | $17.9M |
| Nov 2025 | $23.0M | $0 | $23.0M |
| Oct 2025 | $7.7M | $5.1M | $2.6M |
| Sep 2025 | $12.6M | $10.1M | $2.5M |
| Aug 2025 | $7.5M | $17.4M | −$9.9M |
FMB Assets Under Management
Net assets of First Trust Managed Municipal ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $2.05B |
| 2026-04-30 | $2.01B |
| 2026-01-31 | $1.95B |
| 2025-10-31 | $1.92B |
| 2025-07-31 | $1.86B |
| 2025-04-30 | $1.93B |
| 2025-01-31 | $2.02B |
| 2024-10-31 | $2.03B |
| 2024-07-31 | $1.98B |
| 2024-04-30 | $1.95B |
| 2024-01-31 | $1.98B |
| 2023-10-31 | $1.81B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.