What is FMHI?
FMHI was created on 2017-11-01 by First Trust. The fund's investment portfolio concentrates primarily on investment grade fixed income. FMHI is an actively managed fund that holds a broad range of US municipal bonds.
What is FMB?
FMB was created on 2014-05-13 by First Trust. The fund's investment portfolio concentrates primarily on investment grade fixed income. FMB is an actively managed fund that invests primarily in investment-grade municipal bonds", with some high-yield exposure.
Key Details
Nov 01, 2017
May 13, 2014
Fixed Income
Fixed Income
Investment Grade
Investment Grade
Holdings
Traded Fund III First Trust Municipal High Income ETF - FMHI is made up of 540 holdings. Traded Fund III First Trust Managed Municipal ETF - FMB is made up of 1341 holdings.
Name | Weight |
|---|---|
| - | 1% |
| - | 0.97% |
| - | 0.7% |
| - | 0.6% |
| - | 0.55% |
| - | 0.54% |
| - | 0.52% |
| - | 0.5% |
| - | 0.5% |
| - | 0.49% |
| - | 0.47% |
| - | 0.45% |
| - | 0.45% |
| - | 0.44% |
| - | 0.43% |
| - | 0.42% |
| - | 0.41% |
| - | 0.4% |
| - | 0.4% |
| - | 0.39% |
| - | 0.39% |
3 3BRMTV7NT PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.55% | 0.39% |
3 3BWBST9NT PUERTO RICO COMWLTH 4% | 0.39% |
| - | 0.39% |
| - | 0.38% |
| - | 0.37% |
| - | 0.37% |
3 3BWBST7NT PUERTO RICO COMWLTH 4% | 0.37% |
| - | 0.37% |
| - | 0.37% |
Name | Weight |
|---|---|
| - | 5.22% |
| - | 0.84% |
| - | 0.76% |
3 3BWBPW3NT MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% | 0.75% |
| - | 0.52% |
| - | 0.51% |
| - | 0.48% |
| - | 0.48% |
| - | 0.46% |
| - | 0.45% |
| - | 0.43% |
| - | 0.43% |
3 3BVBXH3NT SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 4% | 0.42% |
3 3BRMTV6NT PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.5% | 0.42% |
| - | 0.4% |
| - | 0.37% |
| - | 0.37% |
| - | 0.33% |
| - | 0.32% |
3 3BXCNQ6NT NEW YORK N Y 5.25% | 0.32% |
| - | 0.32% |
| - | 0.32% |
| - | 0.31% |
| - | 0.31% |
| - | 0.31% |
| - | 0.3% |
| - | 0.3% |
| - | 0.3% |
| - | 0.29% |
| - | 0.29% |
Stock Correlation
The stocks that are correlated to FMHI - Traded Fund III First Trust Municipal High Income ETF are CUBE, AMT, PSA, SBAC, NNN
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
C CUBECubeSmart | 47.34% | $8.18B | -22.95% | 5.85% |
| 47.01% | $95.81B | +6.15% | 3.21% | |
P PSAPublic Storage | 46.00% | $46.72B | -9.21% | 4.54% |
| 44.08% | $22.45B | -4.59% | 1.97% | |
N NNNNNN REIT, Inc. | 43.96% | $7.06B | -11.93% | 6.25% |
| 42.62% | $26.87B | -16.92% | 5.19% | |
| 42.01% | $2.61B | +7.29% | 5.46% | |
| 41.10% | $7.59B | +20.92% | 4.32% | |
T TUTELUS Corp. | 40.76% | $20.92B | -15.83% | 8.24% |
| 40.59% | $46.61B | -3.88% | 6.12% | |
| 40.49% | $1.51B | 0.00% | 6.74% | |
| 39.58% | $877.61M | -23.84% | 16.79% | |
| 38.69% | $11.81B | -3.51% | 3.19% | |
| 38.60% | $7.82B | -12.68% | 17.17% | |
| 38.39% | $2.48B | -19.19% | 7.15% | |
| 38.21% | $4.75B | +1.45% | 1.21% | |
F FTSFortis, Inc. | 37.22% | $22.32B | +13.40% | 3.94% |
| 36.69% | $5.98B | -3.40% | 3.75% | |
| 36.41% | $31.08B | -1.31% | 5.87% | |
| 36.10% | $41.29B | -7.03% | 6.65% | |
The stocks that are correlated to FMB - Traded Fund III First Trust Managed Municipal ETF are AMT, CUBE, PSA, PFSI, SBAC
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| 49.46% | $95.81B | +6.15% | 3.21% | |
C CUBECubeSmart | 47.55% | $8.18B | -22.95% | 5.85% |
P PSAPublic Storage | 47.15% | $46.72B | -9.21% | 4.54% |
| 45.14% | $4.75B | +1.45% | 1.21% | |
| 44.81% | $22.45B | -4.59% | 1.97% | |
| 44.13% | $26.87B | -16.92% | 5.19% | |
T TUTELUS Corp. | 42.76% | $20.92B | -15.83% | 8.24% |
| 42.63% | $2.61B | +7.29% | 5.46% | |
N NNNNNN REIT, Inc. | 42.28% | $7.06B | -11.93% | 6.25% |
F FTSFortis, Inc. | 40.92% | $22.32B | +13.40% | 3.94% |
| 40.01% | $877.61M | -23.84% | 16.79% | |
| 39.97% | $7.82B | -12.68% | 17.17% | |
| 39.94% | $1.51B | 0.00% | 6.74% | |
| 39.42% | $2.48B | -19.19% | 7.15% | |
| 39.36% | $7.59B | +20.92% | 4.32% | |
| 38.64% | $5.98B | -3.40% | 3.75% | |
| 38.19% | $1.98B | -1.22% | 0.00% | |
| 37.98% | $11.81B | -3.51% | 3.19% | |
S SAFESafehold, Inc. | 37.84% | $1.08B | -28.36% | 4.77% |
| 37.69% | $46.61B | -3.88% | 6.12% | |
ETF Correlation
The ETFs that are correlated to FMHI - Traded Fund III First Trust Municipal High Income ETF are FMB, TFI, MUNI, VTEB, PZA
The ETFs that are correlated to FMB - Traded Fund III First Trust Managed Municipal ETF are VTEB, MUB, TFI, ITM, JMUB
Holding Overlap
FMHI - Traded Fund III First Trust Municipal High Income ETF and FMB - Traded Fund III First Trust Managed Municipal ETF have a 6 holding overlap. Which accounts for a 31.1% overlap.
Number of overlapping holdings
6
% of overlapping holdings
31.06%
Name | Weight in FMHI | Weight in FMB |
|---|---|---|
3 3BWBST6PUERTO RICO COM | 0.37% | 0.25% |
3 3BVBXH3SOUTHEAST ENERG | 0.32% | 0.42% |
3 3BSFSG0PUERTO RICO SAL | 0.31% | 0.17% |
3 3BWBPW3MAIN STR NAT GA | 0.23% | 0.75% |
3 3BYLCG7KENTUCKY INC KY | 0.21% | 0.08% |
3 3BXDDL0INDIANA ST FIN | 0.19% | 0.08% |
News
SeekingAlpha
For the gold miners, investors should be focused on margins, assessing the impact of the ongoing trade war on global currencies and inflation trends for the sector. Click to read.
FMHISeekingAlpha
In this challenging market, what role can fixed income play in a portfolio? TD Asset Management's Lauren Bellai discusses bonds, corporate credit and the latest jobs reports.
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The unfolding global trade war backdrop is uncharted waters. Scenario analysis should now include the possibility of things spiraling out of control over time. Read more here...
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New tariffs could hamper U.S. economic growth and change market dynamics for the long term.
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S&P 500 Earnings: S&P 500 Down Just 5% YTD, High-Yield Credit Has Widened Some, Good Breadth A Positive
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Four High-Yield Muni ETFs, For Investors In Taxable Accounts
FMHISeekingAlpha
For the gold miners, investors should be focused on margins, assessing the impact of the ongoing trade war on global currencies and inflation trends for the sector. Click to read.
FMBSeekingAlpha
By Aditi GuptaMunicipal bond yields have become attractive to US taxpayers, in our view.
FMBSeekingAlpha
In this article, we consider the current environment and congressional discussions related to the potential removal or cap of the municipal tax exemption.
FMBSeekingAlpha
Stephanie Larosiliere shares why investment-grade corporate bonds continue to provide strong income & diversification benefits, while muni bonds add stability.
FMBSeekingAlpha
Muni Market's Moment Of Truth: Tax-Exemption In Question
FMBSeekingAlpha
Federal proposals to cut aid to state and local governments have many municipal bond investors questioning the potential consequences. Click to read.
FMBDisclaimer
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.
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