Tom Futrell’s recently announced plan to retire from his role as co-lead manager of First Trust’s Municipal suite of exchange-traded funds on June 30, 2022, doesn’t change this strategy’s Average People Pillar rating or its Morningstar Analyst Rating of Neutral.
Morningstar’s Analysis FMB
Will FMB outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMB’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FMB management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of FMB’s parent organization’s priorities and whether they’re in line with investors’ interests.