# FMB (First Trust Managed Municipal ETF)

First Trust · Bond ETFs · Municipal, national, long · data as of Oct 2, 2026

FMB is actively managed and returned −1.8% over the past year.

## Key facts

- FMB, total return, 1 year: −1.8%, as of Oct 2, 2026.
- FMB, expense ratio: 0.39%, as of Oct 2, 2026.
- FMB, holdings: 1252, as of Oct 2, 2026.
- FMB, below its high: −5.7%, as of Oct 2, 2026.
- FMB, net assets: $2.0bn (issuer page, as of Oct 2, 2026).

## FMB over each window to Oct 2, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −5.7% | +3.6% | −9.3 pts | −11.0 pts |
| 6 months | −3.8% | +17.9% | −21.7 pts | −32.2 pts |
| 1 year | −1.8% | +16.2% | −18.0 pts | −26.1 pts |
| 3 years | +9.6% | +89.3% | −79.7 pts | −105.2 pts |
| Since listing | +35.1% | +406.4% | −371.3 pts | −812.0 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| What it tracks | No index, actively managed | ETFIQ |
| Fund type | Bond fund | ETFIQ |
| Category | Bonds · Municipal, national, long | ETFIQ |
| Expense ratio | 0.39% | 485BPOS XBRL, Feb 27, 2026 |
| Price | $48.06 | ETFIQ |
| Listed since | May 15, 2014 | ETFIQ |
| Net assets | $2.0bn | issuer page, as of Oct 2, 2026 |
| Below its high | −5.7% | ETFIQ |
| Holdings | 1252 | ETFIQ |
| Top ten weight | 5.7% | ETFIQ |
| Holdings published for | Oct 2, 2026 | the issuer’s daily file |

## Questions

### How has FMB performed?

Over the year to Oct 2, 2026, FMB returned −1.8% with distributions reinvested, against +16.2% for the S&P 500. Over three years the figure is +9.6%.

### What does FMB cost?

The prospectus expense ratio is 0.39% a year.

### How far is FMB below its high?

5.7% below its high of Jul 6, 2026, measured on the reinvested series to Oct 2, 2026.


## Cite this page

ETFIQ, FMB, data as of Oct 2, 2026. https://etfiq.com/funds/fmb
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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