FECMvsMUNGETF Comparison
VS
ETF 2
MUNG
Northern Trust 2046 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
+0.5%
First Eagle Core Municipal ETF (FECM) and Northern Trust 2046 Tax-Exempt Distributing Ladder ETF (MUNG) belong to the same industry segment: Municipal Bonds. FECM's top 2 sector exposures are Municipal and Non-Corporate. In contrast, MUNG's top sector exposures are Municipal. FECM is more expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.1% for MUNG. Run a side-by-side ETF comparison of FECM and MUNG below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FECM vs MUNG performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FECM MUNG | -2.68%-3.85% | -2.91%n/a | n/an/a | n/an/a | n/an/a | n/an/a |
| Flows | FECM MUNG | -- | +$15M- | -- | -- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FECM MUNG | +12.27%n/a | n/an/a | n/an/a | n/an/a |
| Max drawdown | FECM MUNG | -5.61%n/a | n/an/a | n/an/a | n/an/a |
| Max drawdown duration | FECM MUNG | 78dn/a | n/an/a | n/an/a | n/an/a |
Trading data
FECM | MUNG | |
Last sale 10/2/2026 at 1:30 PM | $23.74 | $96.27 |
| Previous close 10/01/2026 | $23.85 | $98.02 |
| Consolidated volume 10/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/2/2026 at 1:30 PM
Live
Closed
FECM | MUNG | |
|---|---|---|
| Last price | $23.74 | $96.27 |
| 1D performance | -0.46% | -1.79% |
| AuM | $14.84 M | $9.59 M |
| E/R | 0.25% | 0.1% |
Characteristics
FECM | MUNG | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Eagle Investments | Northern Trust |
| Benchmark | - | - |
| N° of holdings | 42 | 24 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 1, 2026 | August 26, 2026 |
| ESG | No | No |
Exposure
Countries
FECM
USA
30.74%
Other
69.26%
MUNG
USA
9.46%
Other
90.54%
Sectors
FECM
Municipal
30.11%
Other
69.89%
MUNG
Municipal
9.46%
Other
90.54%
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Diversification
FECM
Total weight of top 15 holdings out of 15
26.14%
MUNG
Total weight of top 15 holdings out of 15
25.07%
Top 15 holdings
Data as of August 31, 2026
FECM
US932423XQ48
2.41%
New York Dormitory Authority, 5% 15feb2037, USD (2016A)
2.00%
US20775DX645
1.97%
US45204F3W38
1.93%
New Jersey Transportation Trust Fund Authority, 5% 15jun2045, USD
1.93%
US196502AT55
1.83%
US270083R919
1.76%
US490229AR23
1.67%
US34073XKE75
1.67%
San Jose (CA), 5% 1mar2047, USD (2017A)
1.64%
US483270HS69
1.51%
New York Dormitory Authority, 3.25% 1jul2034, USD
1.49%
US71883MPY48
1.46%
Illinois Toll Highway Authority, 5% 1jan2041, USD
1.45%
US45204ESZ24
1.42%
MUNG
US45115PDP36
2.41%
US783244PZ33
2.30%
US145317BV45
2.13%
State of Washington, 5% 1feb2029, USD
2.10%
US452227UF66
2.01%
US491552W684
1.76%
US45506EPG25
1.59%
US387460QM34
1.57%
US790415BV49
1.52%
US790415CC58
1.43%
US79467BHS79
1.29%
US66440AUA23
1.27%
US570799JE77
1.24%
Chicago O'Hare International Airport, 5% 1jan2037, USD (2025A)
1.22%
US667826GW53
1.22%
Frequently asked questions about FECM and MUNG
Which ETF is bigger: FECM or MUNG?
As of October 1, 2026, FECM holds $14.84 M in assets under management (AUM), while MUNG manages $9.59 M.
What sectors do the FECM and MUNG ETFs invest in?
FECM leans toward sectors like Municipal. Meanwhile, MUNG focuses on Municipal.
What are the top holdings of the FECM ETF and MUNG ETF?
FECM top holdings include US932423XQ48, New York Dormitory Authority, 5% 15feb2037, USD (2016A) and US20775DX645. MUNG holds in its top three: US45115PDP36, US783244PZ33 and US145317BV45.
Which ETF is more diversified: FECM or MUNG?
FECM holds 130 securities with 26.14% of its assets in the top 15. MUNG has 182 securities and a top 15 weight of 25.07%.
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