Summary
First Trust Managed Municipal ETF is an ETF - a fund traded on an exchange like a stock - run by First Trust. Positions inside: 1,252. The ten largest make up 5.4% of the fund.
- Yearly costs
- 0.39%
- Fund size
- $1.96B
- Positions
- 1,252
- Dividend yield
- 3.81%
- Running since
- 2014
What speaks for it
- Widely spread: the ten largest positions make up only 5.4% of the fund.
- A large fund with $1.96B under management.
- Easy to buy and sell: about $14.5M changes hands a day.
- It has been running since 2014.
What to watch
- 99% of the fund is in one country (United States).
- Costs of 0.39% a year are above the middle of comparable funds (0.20%).
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -0.9%
- 3 months
- -4.0%
- This year
- -5.1%
- 1 year
- -5.2%
- 3 years
- +0.2%
- 5 years
- -14%
- 10 years
- -9.5%
What is inside?
Widely spread- 1 MEADE CNTY KY INDL BLDG REVENUE Variable rate, due 08/01/2061 0.9%
- 2 MAIN STREET NATURAL GAS INC GA Variable rate, due 09/01/2052 0.8%
- 3 NEW YORK CITY NY MUNI WTR FIN AUTH Variable rate, due 06/15/2041 0.6%
- 4 PEFA INC IA GAS PROJ REVENUE 5%, due 04/01/2035 0.5%
- 5 NEW YORK CITY NY TRANSITIONAL FIN AUTH REV 4%, due 11/01/2037 0.5%
- 6 ENERGY S E AL A COOPERATIVE DIST Variable rate, due 11/01/2053 0.5%
- 7 TEXAS ST MUNI GAS ACQUISITION & SPLY CORP IV Variable rate, due 01/01/2054 0.5%
- 8 ATLANTA GA ARPT PASSENGER FAC CHG REV 4%, due 07/01/2037 0.4%
- 9 PUERTO RICO SALES TAX FING CORP 4.50%, due 07/01/2034 0.4%
- 10 SOUTHEAST ENERGY AUTH AL COMMODITY SPLY Variable rate, due 11/01/2051 0.4%
Positions in the fund: 1,252. The ten largest make up 5.4% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One countryBy country
- United States 99%
- Puerto Rico 0.9%
- Canada 0.1%
- Guam 0.02%
Largest country: United States (99%).
What does it cost me?
Expensive- A year from $10,000
- $39.00
- Over 20 years
- $1,903
From every $10,000 invested the fund takes $39.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $1,903.
How has it done?
Losing value- A year on average, 10 years
- -1.0%
- Deepest drop
- -18%
- Yearly volatility
- 3.6%
Average yearly decline over the last ten years: 1.0%. Deepest drop in these years: 18% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 3.81%
- Payments a year
- 12
- Last payment
- $0.16
Over the last 12 months it paid $1.85 per share, which is 3.81% of today's price. The last payment was $0.16 on Sep 24, 2026.
Is it easy to buy and sell?
Very easy- Traded a day
- $14.5M
- Shares a day
- 298K
On an average day about $14.5M of the fund changes hands.