FMB vs MUB
First Trust Managed Municipal ETF compared with iShares National Muni Bond ETF on yield, payout growth, payment schedule, cost and risk.
FMB
First Trust Managed Municipal ETF
TTM yield · Monthly
MUB
iShares National Muni Bond ETF
TTM yield · Monthly
Quick take
- FMB yields more today: 3.70% vs 3.29% (forward).
- Both pay every month.
- Over the last year FMB delivered the higher total return: +3.4% vs +2.9% (price change plus payouts).
- MUB is cheaper to own: 0.05% vs 0.39% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FMB | MUB |
|---|---|---|
| Share price | $49.60 | $104.02 |
| TTM yield | 3.70% | 3.29% |
| Forward yield | 3.70% | 3.29% |
| Annual payout per share | $1.834 | $3.422 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Sep 20, 2026 (est.) | Oct 1, 2026 (est.) |
| Expense ratio | 0.39% | 0.05% |
| 1-year payout growth | +8.5% | — |
| 5-year payout CAGR | +9.5% | — |
| Consecutive years of increases | 4 years | — |
| Payout consistency (last 12) | 97/100 | 98/100 |
| 1-year total return | +3.4% | +2.9% |
| 1-year price return | -0.3% | -0.4% |
| Size (market cap / AUM) | 2.1B | 45.4B |
| Years paying | 12.2 | 18.9 |
| Sector / category | Muni National Interm | Muni National Interm |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| FMB | MUB | |
|---|---|---|
| Shares | 201.6 | 96.1 |
| Income per year | $370 | $329 |
| Income per month (avg) | $31 | $27 |
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FMB Sep 20, 2026 | Sep 28, 2026 | $0.1528 | Est. |
| FMB Oct 20, 2026 | Oct 28, 2026 | $0.1528 | Est. |
| FMB Nov 19, 2026 | Nov 27, 2026 | $0.1528 | Est. |
| MUB Oct 1, 2026 | Oct 15, 2026 | $0.2852 | Est. |
| MUB Oct 31, 2026 | Nov 14, 2026 | $0.2852 | Est. |
| MUB Nov 30, 2026 | Dec 14, 2026 | $0.2852 | Est. |
Annual payouts per share
FMBMUB
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, FMB or MUB?
FMB currently has the higher trailing yield: FMB yields 3.70% and MUB yields 3.29%. Yield changes daily with price, so check the live figures above.
How often do FMB and MUB pay?
FMB pays every month and MUB pays every month. FMB's next ex-date is Sep 20, 2026 and MUB's is Oct 1, 2026.
Is FMB or MUB better for income?
It depends on what you are optimising for. FMB and MUB differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.