FMB is a Factor & Specialty ETF from First Trust holding 1256 positions as of Apr 30, 2026, with $2.0B in assets and a 0.39% net expense ratio. Its largest positions are KY MEADEV 08/01/2061 (0.8%), GA MAIUTL 09/01/2052 (0.7%) and Black Belt Energy Gas District, Gas Project No. 6, Series 2021B (0.5%); the top 10 holdings account for 5.1% of the portfolio. It yields 3.60% on a trailing-12-month basis.
- Issuer
- First Trust
- Holdings
- 1256
- Net Assets
- $2.0BETF assets as of 2026-08-10
- Expense Ratio
- 0.39%per latest SEC prospectus filing
- TTM Yield
- 3.60%trailing 12-month distributions
Performance
- 1M
- -1.0%
- YTD
- +1.1%
- 1Y
- +5.4%
- 3Y (ann.)
- +3.7%
- 5Y (ann.)
- +0.4%
- 10Y (ann.)
- +2.1%
A $10,000 investment 10 years ago would be worth $12,358 today at the 10Y annualized rate. This is a backward-looking illustration, not a forecast. Project its future growth →
Total returns including dividends as of 2026-08-07. 3Y/5Y/10Y annualized. Past performance does not predict future results.
Top 25 Holdings
| # | Holding | Weight |
|---|---|---|
| 1 | KY MEADEV 08/01/2061 | 0.81% |
| 2 | GA MAIUTL 09/01/2052 | 0.73% |
| 3 | Black Belt Energy Gas District, Gas Project No. 6, Series 2021B | 0.50% |
| 4 | NY NYCGEN 4 11/01/2037 | 0.50% |
| 5 | Texas Municipal Gas Acquisition and Supply Corp. IV, Gas Supply, Series 2023B | 0.46% |
| 6 | Energy Southeast A Cooperative District, Series 2023A-1 | 0.46% |
| 7 | City of Atlanta, Airport Passenger Facility Charge, Subordinate Lien, Series 2019D | 0.45% |
| 8 | New York State Dormitory Authority, Series 2018E | 0.41% |
| 9 | AL SEEPWR 11/01/2051 | 0.41% |
| 10 | PR PRCGEN 4.5 07/01/2034 | 0.41% |
| 11 | AL BBEUTL 10/01/2052 | 0.38% |
| 12 | CO COSMED 4 01/01/2040 | 0.37% |
| 13 | CA SFOAPT 5 05/01/2039 | 0.36% |
| 14 | Tarrant County Cultural Education Facilities Finance Corp. (Cook Children's Medical Center), Series 2025, Ref. RB | 0.34% |
| 15 | East Baton Rouge (Parish of), LA Sewerage Commission, Series 2019 A, Ref. RB | 0.32% |
| 16 | KY KYSPWR 02/01/2050 | 0.32% |
| 17 | New York (City of), NY, Series 2021 F-1, GO Bonds | 0.32% |
| 18 | PA PASDEV 5.25 06/30/2036 | 0.31% |
| 19 | NY NYC 5.25 10/01/2039 | 0.31% |
| 20 | AL WALPOL 08/01/2063 | 0.30% |
| 21 | CA CASPOL 5 07/01/2037 | 0.30% |
| 22 | North Texas Tollway Authority, First Tier, Series 2020A | 0.30% |
| 23 | Isle Wight (County of), VA Economic Development Authority (Riverside Health System), Series 2023, RB | 0.29% |
| 24 | CT CTS 4 01/15/2038 | 0.29% |
| 25 | TX LWCGEN 5 05/15/2045 | 0.29% |
Showing the top 25 of 1256 holdings. See the full FMB holdings list →
FMB alternatives
The closest Factor & Specialty ETFs to FMB by portfolio overlap — the share of weight both funds hold in the same securities.
| Fund | Overlap | Expense | Assets | |
|---|---|---|---|---|
 CGMUCapital Group Municipal Income ETF | 5% | 0.27%cheaper | $6.4B | Compare → |
 HYDVanEck High Yield Muni ETF | 4% | 0.32%cheaper | $4.4B | Compare → |
 JMUBJPMorgan Municipal ETF | 4% | 0.18%cheaper | $8.4B | Compare → |
 JMSTJPMorgan Ultra-Short Municipal Income ETF | 0% | 0.18%cheaper | $7.1B | Compare → |
Frequently Asked Questions
What is FMB's expense ratio?
FMB has a net expense ratio of 0.39%, per its latest SEC prospectus filing. That works out to about $39 a year on a $10,000 investment.
How many holdings does FMB have?
FMB held 1256 positions as of Apr 30, 2026, per its latest official holdings data.
What are FMB's top 10 holdings?
FMB's largest positions are KY MEADEV 08/01/2061 (0.8%), GA MAIUTL 09/01/2052 (0.7%), Black Belt Energy Gas District, Gas Project No. 6, Series 2021B (0.5%), NY NYCGEN 4 11/01/2037 (0.5%), Texas Municipal Gas Acquisition and Supply Corp. IV, Gas Supply, Series 2023B (0.5%), Energy Southeast A Cooperative District, Series 2023A-1 (0.5%), City of Atlanta, Airport Passenger Facility Charge, Subordinate Lien, Series 2019D (0.4%), New York State Dormitory Authority, Series 2018E (0.4%), AL SEEPWR 11/01/2051 (0.4%), PR PRCGEN 4.5 07/01/2034 (0.4%). Together they account for 5.1% of the portfolio.
What is FMB's dividend yield?
FMB yields 3.60% based on its trailing 12-month distributions, as of Aug 7, 2026.
How big is FMB?
FMB has $2.0B in assets as of Aug 10, 2026.
What are good alternatives to FMB?
By portfolio overlap, the closest Factor & Specialty ETFs to FMB are CGMU (5% overlap), HYD (4% overlap), JMUB (4% overlap). Overlap measures the share of portfolio weight both funds hold in the same securities.