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Critical Facts You Need to Know About Preferred Stocks
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Rating
Sector Rating
Recommendation *
Avoid
Neutral
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Quality
Rating Breakdown
Avg.
Relative Strength
The relative strength of a dividend stock indicates whether the stock is uptrending or not. The major determining factor in this rating is whether the stock is trading close to its 52-week-high.
Overall Yield Attractiveness
If a stock’s yield is above or near the market average then it will be rated higher within this parameter. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors.
Dividend Reliability
A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future.
Dividend Uptrend
A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase.
Earnings Growth
A stock’s Earnings Growth rating evaluates a company’s expected EPS for the current financial year and compares it to next financial year’s expected EPS. Stocks with single-digit growth estimates will have a higher rating than others, as our research has shown that well-established dividend-paying companies have modest earnings growth estimates.
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First Trust Managed Municipal ETF
etf
FMB
Dividend policy
No Change
Price as of:
$56.33
+0.02
+0%
primary theme
Municipal Bond
FMB (ETF)
First Trust Managed Municipal ETF
Dividend policy
No Change
Price as of:
$56.33
+0.02
+0%
primary theme
Municipal Bond
FMB (ETF)
First Trust Managed Municipal ETF
Dividend policy
No Change
Price as of:
$56.33
+0.02
+0%
primary theme
Municipal Bond
FMB - Snapshot
Vitals
- YTD Return 1.2%
- 3 Yr Annualized Return 3.9%
- 5 Yr Annualized Return 4.2%
- Net Assets $1.71 B
- Holdings in Top 10 8.4%
52 WEEK LOW AND HIGH
$56.31
$49.30
$57.28
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.65%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 26.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) N/A
- IRA N/A
Fund Classification
- Primary Theme Municipal Bond
- Fund Type Exchange Traded Fund
- Investment Style Muni National Interm
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
$14.80
0.00%
$78.56 B
-
$0.00
blocked
blocked
blocked
2.28%
-
$11.24
0.00%
$32.48 B
-
$0.00
blocked
blocked
blocked
1.44%
-
$13.56
0.00%
$24.26 B
-
$0.00
blocked
blocked
blocked
1.73%
-
$12.35
0.00%
$17.53 B
-
$0.00
blocked
blocked
blocked
2.15%
-
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
Vanguard Tax-Exempt Bond Fund
VTEB | ETF
$54.91
+0.09%
$10.00 B
2.05%
$1.12
blocked
blocked
blocked
2.52%
-
$49.80
0.00%
$4.28 B
1.24%
$0.62
blocked
blocked
blocked
1.47%
-
$52.37
0.00%
$3.26 B
1.96%
$1.02
blocked
blocked
blocked
3.46%
-
Invesco Taxable Municipal Bond ETF
BAB | ETF
$33.31
-0.36%
$2.10 B
3.11%
$1.04
blocked
blocked
blocked
4.64%
-
FMB - Profile
Distributions
- YTD Total Return 1.4%
- 3 Yr Annualized Total Return 3.9%
- 5 Yr Annualized Total Return 4.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.53%
- Dividend Yield 2.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFirst Trust Managed Municipal ETF
-
Fund Family NameFirst Trust
-
Inception DateMay 13, 2014
-
Shares Outstanding30850002
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJohnathan Wilhelm
Fund Description
Under normal market conditions, the fund seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes.
FMB - Performance
Return Ranking - Trailing
| Period | FMB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.2% | -6.7% | 307.0% | 47.78% |
| 1 Yr | 2.3% | -5.4% | 5.8% | 49.91% |
| 3 Yr | 3.9%* | -0.6% | 8.2% | 17.80% |
| 5 Yr | 4.2%* | -0.3% | 6.9% | 8.85% |
| 10 Yr | N/A* | -0.1% | 8.1% | N/A |
* Annualized
Return Ranking - Calendar
| Period | FMB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 5.6% | -0.3% | 15.4% | 9.20% |
| 2018 | -1.7% | -10.3% | 97.2% | 30.66% |
| 2017 | 4.6% | -100.0% | 7.6% | 2.47% |
| 2016 | -1.6% | -7.9% | 96.8% | 10.89% |
| 2015 | 1.2% | -4.8% | 3.0% | 3.55% |
Total Return Ranking - Trailing
| Period | FMB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.4% | -6.7% | 307.0% | 41.56% |
| 1 Yr | 2.3% | -8.3% | 5.8% | 34.46% |
| 3 Yr | 3.9%* | -2.5% | 8.2% | 15.51% |
| 5 Yr | 4.2%* | -1.5% | 6.9% | 8.13% |
| 10 Yr | N/A* | -0.4% | 8.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | FMB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 5.6% | -0.3% | 15.4% | 9.56% |
| 2018 | -1.7% | -10.3% | 11.0% | 33.88% |
| 2017 | 4.6% | -100.0% | 7.6% | 3.57% |
| 2016 | -1.6% | -7.9% | 3.0% | 14.83% |
| 2015 | 1.2% | -4.8% | 4.0% | 7.17% |
FMB - Holdings
Concentration Analysis
| FMB | Category Low | Category High | FMB % Rank | |
|---|---|---|---|---|
| Net Assets | 1.71 B | 611 K | 78.6 B | 20.34% |
| Number of Holdings | 1190 | 1 | 10805 | 7.04% |
| Net Assets in Top 10 | 33.6 M | -199 M | 3.97 B | 72.30% |
| Weighting of Top 10 | 8.39% | 2.5% | 100.0% | 87.90% |
Top 10 Holdings
- Ultra 10 Year US Treasury Note Future Dec 20 3.06%
- Ultra 10 Year US Treasury Note Future Dec 20 3.06%
- Ultra 10 Year US Treasury Note Future Dec 20 3.06%
- Ultra 10 Year US Treasury Note Future Dec 20 3.06%
- Ultra 10 Year US Treasury Note Future Dec 20 3.06%
- Ultra 10 Year US Treasury Note Future Dec 20 3.06%
- Ultra 10 Year US Treasury Note Future Dec 20 3.06%
- Ultra 10 Year US Treasury Note Future Dec 20 3.06%
- Ultra 10 Year US Treasury Note Future Dec 20 3.06%
- Ultra 10 Year US Treasury Note Future Dec 20 3.06%
Asset Allocation
| Weighting | Return Low | Return High | FMB % Rank | |
|---|---|---|---|---|
| Bonds | 97.98% | 0.00% | 147.66% | 62.41% |
| Cash | 2.01% | -47.66% | 100.00% | 36.54% |
| Stocks | 0.00% | 0.00% | 1.80% | 50.25% |
| Preferred Stocks | 0.00% | -0.98% | 1.07% | 47.47% |
| Other | 0.00% | -1.46% | 12.83% | 49.55% |
| Convertible Bonds | 0.00% | 0.00% | 1.64% | 47.97% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FMB % Rank | |
|---|---|---|---|---|
| Municipal | 98.05% | 0.00% | 100.00% | 60.02% |
| Cash & Equivalents | 1.95% | 0.00% | 100.00% | 38.01% |
| Derivative | 0.00% | 0.00% | 2.16% | 47.47% |
| Securitized | 0.00% | 0.00% | 6.06% | 48.76% |
| Corporate | 0.00% | 0.00% | 12.97% | 55.86% |
| Government | 0.00% | 0.00% | 49.72% | 50.51% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FMB % Rank | |
|---|---|---|---|---|
| US | 96.93% | 0.00% | 141.34% | 51.86% |
| Non US | 1.05% | 0.00% | 27.62% | 44.65% |
FMB - Expenses
Operational Fees
| FMB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.65% | 0.01% | 4.23% | 65.25% |
| Management Fee | 0.65% | 0.00% | 1.10% | 98.26% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 8.35% |
| Administrative Fee | N/A | 0.01% | 0.47% | N/A |
Sales Fees
| FMB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 5.75% | N/A |
| Deferred Load | N/A | 0.25% | 5.50% | N/A |
Trading Fees
| FMB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FMB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 26.00% | 0.00% | 235.00% | 63.56% |
FMB - Distributions
Dividend Yield Analysis
| FMB | Category Low | Category High | FMB % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.05% | 0.00% | 3.55% | 0.79% |
Dividend Distribution Analysis
| FMB | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| FMB | Category Low | Category High | FMB % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.53% | 0.00% | 6.48% | 46.24% |
Capital Gain Distribution Analysis
| FMB | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Sep 30, 2020 | $0.103 |
| Aug 31, 2020 | $0.103 |
| Jul 31, 2020 | $0.103 |
| Jun 30, 2020 | $0.105 |
| May 29, 2020 | $0.105 |
| Apr 30, 2020 | $0.105 |
| Mar 31, 2020 | $0.105 |
| Feb 28, 2020 | $0.105 |
| Jan 31, 2020 | $0.105 |
| Dec 31, 2019 | $0.105 |
| Nov 29, 2019 | $0.110 |
| Oct 31, 2019 | $0.110 |
| Sep 30, 2019 | $0.113 |
| Aug 30, 2019 | $0.113 |
| Jul 31, 2019 | $0.118 |
| Jun 28, 2019 | $0.118 |
| May 31, 2019 | $0.118 |
| Apr 30, 2019 | $0.118 |
| Mar 29, 2019 | $0.118 |
| Feb 28, 2019 | $0.118 |
| Jan 31, 2019 | $0.118 |
| Dec 31, 2018 | $0.118 |
| Nov 30, 2018 | $0.113 |
| Oct 31, 2018 | $0.113 |
| Sep 28, 2018 | $0.113 |
| Aug 31, 2018 | $0.113 |
| Jul 31, 2018 | $0.113 |
| Jun 29, 2018 | $0.113 |
| May 31, 2018 | $0.113 |
| Apr 30, 2018 | $0.113 |
| Mar 29, 2018 | $0.113 |
| Feb 28, 2018 | $0.113 |
| Jan 31, 2018 | $0.113 |
| Dec 29, 2017 | $0.113 |
| Nov 30, 2017 | $0.113 |
| Oct 31, 2017 | $0.113 |
| Sep 29, 2017 | $0.113 |
| Aug 31, 2017 | $0.110 |
| Jul 31, 2017 | $0.110 |
| Jun 30, 2017 | $0.110 |
| May 31, 2017 | $0.110 |
| Apr 28, 2017 | $0.110 |
| Mar 31, 2017 | $0.110 |
| Feb 28, 2017 | $0.110 |
| Jan 31, 2017 | $0.110 |
| Dec 30, 2016 | $0.110 |
| Nov 30, 2016 | $0.110 |
| Oct 31, 2016 | $0.110 |
| Sep 30, 2016 | $0.110 |
| Aug 31, 2016 | $0.110 |
| Jul 29, 2016 | $0.110 |
| Jun 30, 2016 | $0.110 |
| May 31, 2016 | $0.110 |
| Apr 29, 2016 | $0.115 |
| Mar 31, 2016 | $0.115 |
| Feb 29, 2016 | $0.115 |
| Jan 29, 2016 | $0.115 |
| Dec 31, 2015 | $0.115 |
| Nov 30, 2015 | $0.115 |
| Oct 30, 2015 | $0.115 |
| Sep 30, 2015 | $0.115 |
| Aug 31, 2015 | $0.115 |
| Jul 31, 2015 | $0.115 |
| Jun 30, 2015 | $0.115 |
| May 29, 2015 | $0.115 |
| Apr 30, 2015 | $0.115 |
| Mar 31, 2015 | $0.115 |
| Feb 27, 2015 | $0.115 |
| Jan 30, 2015 | $0.115 |
| Dec 31, 2014 | $0.115 |
| Nov 28, 2014 | $0.115 |
| Oct 31, 2014 | $0.115 |
| Sep 30, 2014 | $0.115 |
| Aug 29, 2014 | $0.115 |
| Jul 31, 2014 | $0.150 |
| Jun 30, 2014 | $0.150 |
FMB - Fund Manager Analysis
Managers
Johnathan Wilhelm
Start Date
Tenure
Tenure Rank
May 13, 2014
6.47
6.5%
Johnathan N. Wilhelm was born in 1966. Mr. Wilhelm earned a B.S. in Business from Miami University of Ohio and has a J.D. from DePaul University College of Law. He has been with First Trust Advisors L.P. since 2013 and he is a Portfolio Manager responsible for managing municipal bond portfolios. Prior to joining First Trust Advisors L.P., Mr. Wilhelm held various positions in portfolio management and credit research.
J. Thomas Futrell
Start Date
Tenure
Tenure Rank
May 13, 2014
6.47
6.5%
J. Thomas Futrell, CFA was born in 1955. Mr. Futrell earned a B.A. in Economics from Wheaton College and an M.B.A. from Northern Illinois University. He has been with First Trust Advisors L.P. since 2013 and he is a Portfolio Manager responsible for managing municipal bond portfolios. Prior to joining First Trust Advisors L.P., Mr. Futrell held various positions in portfolio management and research. Mr. Futrell earned the Chartered Financial Analyst (CFA) charter designation in 1989. The CFA charter is a globally respected, graduate-level investment credential established in 1962 and awarded by CFA Institute — the largest global association of investment professionals. The CFA Program curriculum provides a comprehensive framework of knowledge for investment decision making and is firmly grounded in the knowledge and skills used every day in the investment profession. The three levels of the CFA Program test a proficiency with a wide range of fundamental and advanced investment topics, including ethical and professional standards, fixed-income and equity analysis, alternative and derivative investments, economics, financial reporting standards, portfolio management, and wealth planning.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.02 | 35.61 | 7.61 | 2.84 |
