Right, so TrueWealth Financial Partners decided to throw a bit more money at the First Trust Managed Municipal ETF – FMB, if you’re keeping score. $12.7 million, to be precise. Honestly, sometimes I think these big moves are less about brilliant strategy and more about someone having a really, really long lunch break and just… clicking things. But, professional courtesy, let’s pretend there’s a method to the madness. It now represents 11% of their reported assets under management. Eleven percent. That’s… a commitment. Or a hostage situation. Jury’s still out.
Let’s Break It Down (Because We Have To)
They picked up 248,749 shares, as of February 4th, 2026. The market, being the chaotic beast it is, valued that at around $12.7 million. It’s now a top holding, nestled comfortably alongside SPIB and a few other acronyms that probably keep someone in accounting awake at night. I’m looking at the chart – and yes, it’s going up. Slowly. Like a reluctant teenager being asked to take out the trash.
The Usual Suspects
- Top holdings after this little splurge:
- NYSEMKT:SPIB: $12.8 million (10.6% of AUM)
- NYSEMKT: FMB: $12.7 million (10.5% of AUM)
- NYSEMKT:DFAX: $8.2 million (6.8% of AUM)
- NYSEMKT:DFAC: $6.4 million (5.3% of AUM)
- NYSEMKT:SPTM: $6.3 million (5.2% of AUM)
- As of February 4th, 2026, FMB was trading at $51.54, up 4.27% over the last year. Underperforming the S&P 500 by 11.2 percentage points. Let’s be honest, most things are underperforming the S&P 500 these days. It’s showing off.
- The dividend yield is a respectable 3.36% as of February 5th, 2026. Which, if you’re lucky, will buy you a decent cup of coffee.
A Quick Overview (For Those Who Care)
| Metric | Value |
|---|---|
| AUM | $1.9 billion |
| Dividend yield | 3.36% |
| Price (as of market close February 4, 2026) | $51.54 |
| 1-year total return | 4.27% |
What Does It All Mean? (The Million-Dollar Question)
FMB is a municipal bond ETF with $1.9 billion in assets, offering tax-exempt income. Thrilling, isn’t it? It’s basically a way to avoid paying taxes, which, let’s be real, is the main reason anyone does anything. They’re allocating at least 80% of net assets to municipal debt, with a particular fondness for Texas (13.5%), Florida (7.3%), and New York (6.3%). Apparently, those states are good for bonds. Who knew?
TrueWealth is adding a mix of stocks and bonds, which is… sensible. It’s like a balanced diet for your portfolio. They’re clearly trying to capture both growth and income. Fund managers are constantly shuffling things around, reacting to market noise and the whims of investors. And right now, the whispers are all about potential rate cuts.
If interest rates do come down – and the Fed seems to be hinting that’s the plan – adding more bonds, especially tax-free ones like FMB, could be a smart move. It’s a bit of a gamble, of course. But then again, isn’t everything? I’m just saying, buying quality bond ETFs now might be a good way to generate more income and returns. Or it might not. Honestly, I have no idea. But it sounds good, doesn’t it?
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2026-02-19 22:03