FMB was created on 2014-05-13 by First Trust. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 1896.09m in AUM and 1268 holdings. FMB is an actively managed fund that invests primarily in investment-grade municipal bonds", with some high-yield exposure.
MMIT was created on 2017-10-18 by New York Life Investments. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 834.58m in AUM and 612 holdings. MMIT is actively managed to provide enhanced total-return potential by investing mainly in investment-grade", AMT-free US municipal bonds with duration between 3-10 years.
Key Details
May 13, 2014
Oct 18, 2017
Fixed Income
Fixed Income
Investment Grade
Investment Grade
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.
Yahoo
- Ratios between muni and Treasury yields remain elevated. - Municipal bond ETFs continue to offer high yields for investors seeking to shelter some income from taxes.
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How Active Muni Investors Stay Ahead Of The Curve
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The Moodyâs downgrade of the US rating to Aa1 from Aaa had a ripple effect through the bond markets, in the form of downgraded credits.
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Tariff concerns spurred historic volatility and negative total returns in April. Click here to read more.
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
FMB | 90.28% | $1.89B | 0.65% | |
CMF | 89.45% | $3.56B | 0.08% | |
PZA | 89.14% | $2.80B | 0.28% | |
VTEB | 88.28% | $35.34B | 0.03% | |
TFI | 87.88% | $3.16B | 0.23% | |
MUB | 86.65% | $38.19B | 0.05% | |
ITM | 86.45% | $1.87B | 0.18% | |
MLN | 86.30% | $522.65M | 0.24% | |
JMUB | 85.45% | $2.91B | 0.18% | |
NYF | 85.38% | $878.10M | 0.25% | |
HYMB | 85.09% | $2.51B | 0.35% | |
FMHI | 84.53% | $749.78M | 0.7% | |
HTAB | 82.91% | $405.69M | 0.39% | |
HYD | 82.70% | $3.27B | 0.32% | |
SCMB | 82.51% | $1.97B | 0.03% | |
DFNM | 82.22% | $1.55B | 0.17% | |
MINO | 81.76% | $316.02M | 0.39% | |
MUNI | 81.56% | $1.99B | 0.35% | |
TAXF | 81.11% | $492.14M | 0.29% | |
CGMU | 81.06% | $3.23B | 0.27% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
XDTE | 0.01% | $393.73M | 0.97% | |
JGRO | 0.02% | $5.83B | 0.44% | |
VOOG | -0.03% | $16.90B | 0.07% | |
VOX | -0.04% | $4.72B | 0.09% | |
UJUN | 0.04% | $75.99M | 0.79% | |
OEF | -0.04% | $19.41B | 0.2% | |
VIS | 0.06% | $5.53B | 0.09% | |
BTC | 0.07% | $4.55B | 0.15% | |
FDMO | -0.08% | $471.34M | 0.16% | |
TCHP | -0.09% | $1.31B | 0.57% | |
TMFC | 0.09% | $1.40B | 0.5% | |
BBLU | -0.12% | $260.76M | 0.15% | |
SFYX | -0.12% | $24.76M | 0.06% | |
QQQ | 0.13% | $338.41B | 0.2% | |
SFLR | -0.13% | $841.21M | 0.89% | |
SPYG | -0.14% | $35.20B | 0.04% | |
ONEQ | -0.15% | $7.68B | 0.21% | |
JEPQ | -0.19% | $26.37B | 0.35% | |
IVW | 0.22% | $57.28B | 0.18% | |
ILCG | 0.23% | $2.59B | 0.04% |
SeekingAlpha
How Active Muni Investors Stay Ahead Of The Curve
SeekingAlpha
The Moodyâs downgrade of the US rating to Aa1 from Aaa had a ripple effect through the bond markets, in the form of downgraded credits.
SeekingAlpha
Why Munis Still Make Sense: Compelling Yields In A Changing Landscape
SeekingAlpha
Financial markets weathered pronounced volatility during April after the White House announced reciprocal tariffs against global trading partners.
SeekingAlpha
Tariff concerns spurred historic volatility and negative total returns in April. Click here to read more.
SeekingAlpha
The recent muni market selloff we are calling 'T cubed' â taxation, tariffs, and Trump talk.
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
PSA | 42.54% | $52.71B | +8.81% | 3.97% |
SAFE | 41.48% | $1.09B | -19.75% | 4.58% |
CUBE | 41.45% | $9.72B | -1.25% | 4.77% |
FAF | 41.27% | $5.74B | +1.94% | 3.83% |
AMT | 39.85% | $101.22B | +8.39% | 3.06% |
EXR | 38.65% | $31.71B | +0.64% | 4.31% |
PFSI | 38.00% | $4.91B | +4.88% | 1.26% |
NNN | 37.80% | $7.76B | -3.37% | 5.58% |
ELS | 35.97% | $11.99B | -1.69% | 3.10% |
GTY | 35.60% | $1.60B | +4.76% | 6.33% |
SBAC | 35.23% | $24.68B | +17.55% | 1.84% |
FCPT | 34.72% | $2.73B | +10.00% | 5.10% |
HD | 34.47% | $367.41B | +11.53% | 2.45% |
ADC | 34.42% | $8.13B | +19.29% | 4.09% |
ES | 34.36% | $23.99B | +11.00% | 4.48% |
O | 34.12% | $50.42B | +2.89% | 5.68% |
SBRA | 33.94% | $4.23B | +24.53% | 6.73% |
GLPI | 33.55% | $12.67B | +2.79% | 6.55% |
BNL | 33.40% | $3.05B | +5.84% | 7.16% |
NSA | 33.37% | $2.56B | -12.79% | 6.68% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
RDVY | -0.03% | $14.41B | 0.48% | |
MAGS | 0.09% | $2.35B | 0.29% | |
QQQH | 0.14% | $308.71M | 0.68% | |
FDN | -0.16% | $7.04B | 0.49% | |
SATO | -0.17% | $10.74M | 0.6% | |
TFLO | 0.21% | $6.94B | 0.15% | |
QYLD | 0.23% | $8.34B | 0.61% | |
INDY | 0.25% | $699.81M | 0.89% | |
ITA | 0.27% | $7.72B | 0.4% | |
BUG | 0.27% | $1.11B | 0.51% | |
PSFF | -0.29% | $467.06M | 0.75% | |
IGE | 0.33% | $610.85M | 0.41% | |
ARKW | 0.33% | $1.77B | 0.82% | |
AIPI | -0.36% | $300.99M | 0.65% | |
QFLR | 0.39% | $295.70M | 0.89% | |
YMAG | 0.44% | $327.11M | 1.12% | |
INDA | -0.48% | $9.19B | 0.62% | |
BTAL | 0.52% | $304.08M | 1.43% | |
PPLT | 0.52% | $1.18B | 0.6% | |
AIRR | 0.54% | $3.70B | 0.7% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
DFDV | -44.43% | $206.73M | +1,200.98% | 0.00% |
JPM | -27.71% | $727.98B | +33.03% | 1.90% |
STTK | -24.59% | $50.78M | -85.40% | 0.00% |
MVO | -24.53% | $64.17M | -35.49% | 22.06% |
FCNCA | -23.53% | $24.11B | +6.99% | 0.41% |
KOS | -23.38% | $841.30M | -68.74% | 0.00% |
NAT | -22.25% | $584.43M | -32.68% | 12.34% |
LPG | -21.86% | $951.04M | -44.50% | 0.00% |
X | -21.63% | $11.99B | +38.20% | 0.37% |
SANM | -21.40% | $4.60B | +30.61% | 0.00% |
INSW | -20.99% | $1.86B | -33.14% | 1.28% |
BFH | -20.39% | $2.30B | +20.24% | 1.66% |
STNG | -20.22% | $2.02B | -50.83% | 5.04% |
LPLA | -19.88% | $30.40B | +35.65% | 0.31% |
RYTM | -19.87% | $4.21B | +66.78% | 0.00% |
BTU | -19.73% | $1.60B | -45.38% | 2.27% |
BKR | -19.23% | $36.81B | +17.01% | 2.32% |
SYF | -18.94% | $21.87B | +33.42% | 1.79% |
RES | -18.90% | $1.01B | -29.48% | 3.40% |
CVS | -18.84% | $79.80B | +3.51% | 4.18% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
DOW | -0.01% | $19.92B | -49.39% | 9.73% |
WWD | 0.02% | $13.88B | +28.15% | 0.45% |
ONON | 0.03% | $18.44B | +34.95% | 0.00% |
RBLX | -0.03% | $63.89B | +164.31% | 0.00% |
SIGI | -0.03% | $5.31B | -6.80% | 1.69% |
TEAM | -0.03% | $57.55B | +33.73% | 0.00% |
HLIT | -0.04% | $1.05B | -20.48% | 0.00% |
CCSI | -0.04% | $436.93M | +15.20% | 0.00% |
WSO | 0.04% | $17.92B | -3.69% | 2.49% |
TCBI | -0.04% | $3.32B | +23.86% | 0.00% |
ITGR | -0.04% | $4.22B | -0.08% | 0.00% |
VIK | 0.05% | $21.24B | +56.65% | 0.00% |
VYGR | 0.05% | $182.61M | -61.08% | 0.00% |
IRMD | -0.05% | $767.48M | +41.13% | 1.05% |
CEVA | -0.05% | $476.89M | -1.58% | 0.00% |
DE | -0.05% | $138.32B | +37.57% | 1.18% |
NOK | 0.05% | $28.19B | +36.46% | 2.60% |
WIX | -0.06% | $8.53B | -12.93% | 0.00% |
CBT | -0.06% | $4.03B | -23.72% | 2.29% |
CMRE | 0.07% | $1.07B | -22.45% | 5.13% |
FMB - Traded Fund III First Trust Managed Municipal ETF and MMIT - NYLI MacKay Muni Intermediate ETF have a 3 holding overlap. Which accounts for a 7.1% overlap.
Number of overlapping holdings
3
% of overlapping holdings
7.06%
Name | Weight in FMB | Weight in MMIT |
---|---|---|
3 3BQGZZ3CMWLTH FING AUT | 0.10% | 0.10% |
3 3BYLCG7KENTUCKY INC KY | 0.09% | 0.31% |
3 3BXKWJ5SOUTHEAST ENERG | 0.09% | 0.37% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
PSA | 43.17% | $52.71B | +8.81% | 3.97% |
AMT | 42.37% | $101.22B | +8.39% | 3.06% |
CUBE | 40.15% | $9.72B | -1.25% | 4.77% |
PFSI | 39.80% | $4.91B | +4.88% | 1.26% |
SAFE | 39.56% | $1.09B | -19.75% | 4.58% |
EXR | 38.59% | $31.71B | +0.64% | 4.31% |
SBAC | 38.58% | $24.68B | +17.55% | 1.84% |
FAF | 37.34% | $5.74B | +1.94% | 3.83% |
NNN | 37.28% | $7.76B | -3.37% | 5.58% |
ELS | 36.35% | $11.99B | -1.69% | 3.10% |
FCPT | 36.07% | $2.73B | +10.00% | 5.10% |
TU | 35.38% | $25.01B | -1.86% | 6.95% |
RKT | 35.28% | $1.94B | -7.10% | 0.00% |
GTY | 35.20% | $1.60B | +4.76% | 6.33% |
ES | 34.88% | $23.99B | +11.00% | 4.48% |
FTS | 34.48% | $24.12B | +18.22% | 3.64% |
HD | 34.43% | $367.41B | +11.53% | 2.45% |
MFA | 34.29% | $973.15M | -10.65% | 14.83% |
CCI | 33.64% | $43.67B | -1.34% | 6.31% |
HR | 33.31% | $4.98B | -14.16% | 8.67% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
ICLO | -26.93% | $305.30M | 0.19% | |
THTA | -21.45% | $35.55M | 0.49% | |
USDU | -20.07% | $166.39M | 0.5% | |
UUP | -19.00% | $261.95M | 0.77% | |
FLJH | -14.13% | $86.27M | 0.09% | |
CLOI | -14.09% | $1.04B | 0.4% | |
DBJP | -13.50% | $384.96M | 0.45% | |
DXJ | -12.38% | $3.42B | 0.48% | |
HEWJ | -11.72% | $372.70M | 0.5% | |
FLTR | -11.51% | $2.38B | 0.14% | |
FTSL | -11.29% | $2.39B | 0.87% | |
LONZ | -11.27% | $735.29M | 0.63% | |
PXJ | -10.91% | $25.47M | 0.66% | |
PSCE | -9.40% | $58.26M | 0.29% | |
DBMF | -9.34% | $1.19B | 0.85% | |
KBWB | -8.72% | $3.82B | 0.35% | |
OIH | -8.26% | $967.39M | 0.35% | |
FLRN | -8.15% | $2.74B | 0.15% | |
IEZ | -7.99% | $113.40M | 0.4% | |
XES | -7.98% | $147.22M | 0.35% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
ICLO | -25.62% | $305.30M | 0.19% | |
USDU | -25.19% | $166.39M | 0.5% | |
UUP | -24.60% | $261.95M | 0.77% | |
THTA | -22.82% | $35.55M | 0.49% | |
FLJH | -17.33% | $86.27M | 0.09% | |
DBJP | -15.96% | $384.96M | 0.45% | |
DXJ | -15.76% | $3.42B | 0.48% | |
PXJ | -15.30% | $25.47M | 0.66% | |
FLTR | -14.42% | $2.38B | 0.14% | |
HEWJ | -14.08% | $372.70M | 0.5% | |
DBMF | -14.06% | $1.19B | 0.85% | |
PSCE | -13.83% | $58.26M | 0.29% | |
KBWB | -13.35% | $3.82B | 0.35% | |
CLOI | -12.77% | $1.04B | 0.4% | |
XES | -12.76% | $147.22M | 0.35% | |
OIH | -12.64% | $967.39M | 0.35% | |
IEZ | -12.57% | $113.40M | 0.4% | |
FTSL | -12.44% | $2.39B | 0.87% | |
XME | -12.10% | $1.76B | 0.35% | |
IEO | -11.00% | $476.38M | 0.4% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
VTEB | 95.19% | $35.34B | 0.03% | |
TFI | 94.90% | $3.16B | 0.23% | |
MUB | 93.36% | $38.19B | 0.05% | |
MLN | 93.20% | $522.65M | 0.24% | |
PZA | 93.13% | $2.80B | 0.28% | |
CMF | 92.51% | $3.56B | 0.08% | |
JMUB | 92.49% | $2.91B | 0.18% | |
NYF | 92.31% | $878.10M | 0.25% | |
ITM | 92.28% | $1.87B | 0.18% | |
MMIT | 90.28% | $836.21M | 0.3% | |
FMHI | 89.38% | $749.78M | 0.7% | |
TAXF | 89.35% | $492.14M | 0.29% | |
SCMB | 89.09% | $1.97B | 0.03% | |
DFNM | 88.14% | $1.55B | 0.17% | |
HYMB | 88.04% | $2.51B | 0.35% | |
CGMU | 87.19% | $3.23B | 0.27% | |
HYD | 87.04% | $3.27B | 0.32% | |
HTAB | 86.38% | $405.69M | 0.39% | |
MMIN | 85.69% | $479.64M | 0.3% | |
MUNI | 84.78% | $1.99B | 0.35% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
SBH | -<0.01% | $883.83M | -26.45% | 0.00% |
SSP | -<0.01% | $185.95M | -16.21% | 0.00% |
ATGE | 0.02% | $4.59B | +94.48% | 0.00% |
ALEC | 0.02% | $140.99M | -67.73% | 0.00% |
SSTK | -0.02% | $629.63M | -54.76% | 6.95% |
HDSN | -0.03% | $311.76M | -21.12% | 0.00% |
AUB | -0.04% | $4.27B | -5.36% | 4.40% |
LPRO | -0.04% | $228.79M | -72.52% | 0.00% |
CDZI | -0.05% | $252.18M | +3.01% | 0.00% |
LOAR | 0.05% | $8.36B | +52.44% | 0.00% |
SIRI | 0.06% | $7.30B | -16.60% | 3.85% |
PCTY | -0.07% | $10.70B | +37.84% | 0.00% |
DV | -0.08% | $2.44B | -20.10% | 0.00% |
WT | 0.08% | $1.44B | -0.51% | 1.21% |
KGS | 0.08% | $3.20B | +40.32% | 4.57% |
NTAP | -0.08% | $21.59B | -13.89% | 1.97% |
PPBI | -0.09% | $2.01B | -3.86% | 6.22% |
LULU | -0.09% | $39.74B | +2.40% | 0.00% |
ALLO | 0.09% | $282.16M | -46.47% | 0.00% |
REPX | 0.09% | $582.95M | -3.25% | 5.59% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
DFDV | -51.31% | $206.73M | +1,200.98% | 0.00% |
STTK | -31.50% | $50.78M | -85.40% | 0.00% |
LPG | -24.80% | $951.04M | -44.50% | 0.00% |
MVO | -24.61% | $64.17M | -35.49% | 22.06% |
INSW | -22.81% | $1.86B | -33.14% | 1.28% |
JPM | -22.72% | $727.98B | +33.03% | 1.90% |
STNG | -21.46% | $2.02B | -50.83% | 5.04% |
RYTM | -21.11% | $4.21B | +66.78% | 0.00% |
NAT | -21.09% | $584.43M | -32.68% | 12.34% |
KOS | -20.97% | $841.30M | -68.74% | 0.00% |
NVGS | -19.97% | $975.90M | -16.03% | 1.42% |
TNK | -19.88% | $1.56B | -34.93% | 2.21% |
X | -18.93% | $11.99B | +38.20% | 0.37% |
ASC | -18.69% | $392.83M | -56.96% | 7.14% |
TK | -17.97% | $728.65M | +5.46% | 0.00% |
FCNCA | -17.43% | $24.11B | +6.99% | 0.41% |
SANM | -17.16% | $4.60B | +30.61% | 0.00% |
TEN | -17.09% | $544.71M | -42.07% | 8.28% |
GLNG | -17.04% | $4.38B | +56.45% | 2.99% |
BFH | -16.84% | $2.30B | +20.24% | 1.66% |
Traded Fund III First Trust Managed Municipal ETF - FMB is made up of 1343 holdings. NYLI MacKay Muni Intermediate ETF - MMIT is made up of 553 holdings.
Name | Weight |
---|---|
- | 5.22% |
- | 0.87% |
3 3BWBPW3NT MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% | 0.78% |
- | 0.76% |
- | 0.54% |
- | 0.53% |
- | 0.51% |
- | 0.50% |
- | 0.49% |
- | 0.47% |
3 3BRMTV6NT PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.5% | 0.44% |
- | 0.44% |
3 3BVBXH3NT SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 4% | 0.44% |
- | 0.43% |
- | 0.41% |
- | 0.38% |
- | 0.38% |
- | 0.34% |
- | 0.33% |
- | 0.33% |
3 3BXCNQ6NT NEW YORK N Y 5.25% | 0.33% |
- | 0.32% |
- | 0.32% |
- | 0.32% |
- | 0.32% |
- | 0.31% |
- | 0.30% |
- | 0.30% |
- | 0.30% |
- | 0.30% |
Name | Weight |
---|---|
3 3BZLXQ1NT MAIN STR NAT GAS INC GA GAS SUPPLY REV 5% | 0.89% |
- | 0.79% |
3 3BZQNG1NT TEXAS MUN GAS ACQUISITION & SUPPLY CORP V GAS SUPPLY REV 5% | 0.75% |
- | 0.73% |
- | 0.72% |
- | 0.71% |
- | 0.70% |
- | 0.66% |
- | 0.63% |
- | 0.59% |
- | 0.59% |
- | 0.59% |
- | 0.59% |
- | 0.49% |
- | 0.47% |
- | 0.47% |
- | 0.44% |
- | 0.44% |
- | 0.43% |
- | 0.43% |
- | 0.42% |
- | 0.42% |
- | 0.42% |
- | 0.42% |
- | 0.40% |
- | 0.39% |
- | 0.39% |
- | 0.38% |
- | 0.37% |
- | 0.37% |