# First Trust Managed Municipal ETF (FMB)

> Source: Nexqual · https://nexqual.com/FMB · data as of 2026-10-23 14:43 UTC · cite as "Nexqual, First Trust Managed Municipal ETF (FMB), nexqual.com/FMB" · informational, not investment advice.

**Price:** USD 48.97 (+0.03% today) · US market open, as of October 23, 2026 at 14:43 UTC; quotes may be delayed. Prev close 48.96 · day 48.96–49.13 · 52w 47.39–52.03 · market cap null · NGM

## Key facts
- Total return with dividends: 1Y -0.8% vs S&P 500 +14.5%; 5Y +1.1% vs S&P 500 +77.2%.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -0.8% | +1.1% |
| S&P 500 (SPY) | +14.5% | +77.2% |
| Per year | -0.8% | +0.2% |
| Volatility (annualized) | 3.5% | 4.8% |
| Max drawdown | -6.8% (Jul 2026→Sep 2026) | -13.7% (Dec 2021→Oct 2022) |

## Peers
LMBS (First Trust Low Duration Opport) USD 48.74 +0.02% · FTSM (First Trust Enhanced Short Matu) USD 59.73 -0.02% · FIXD (First Trust Smith Opportunistic) USD 41.76 -0.14% · FTSL (First Trust Senior Loan Fund) USD 44.28 -0.12% · FMHI (First Trust Municipal High Inco) USD 45.76 +0.00%

## More
Full page: https://nexqual.com/FMB · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt