Key stats
About First Trust Short Duration Managed Municipal ETF
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Inception date
Nov 1, 2018
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
ISIN
US33739P8308
FSMB provides access to federally tax-exempt income with low interest rate risk. Unlike most competitors in the space, the fund isnt limited to investment-grade debt only, up to 35% of the portfolio may be in high-yield issues. Consequently, FSMB may offer higher yield and higher credit risk than similar short-term ETFs. FSMB may hold nearly any type of municipal security and tends to emphasize debt that finances infrastructure or critical services in states with growing populations and healthy employment trends.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.62%
Cash0.38%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FSMB last dividends amounted to 0.05 USD. The month before, the issuer paid 0.05 USD in dividends,
FSMB assets under management is 485.84 M USD. It's risen 1.23% over the last month.
FSMB fund flows account for 80.59 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FSMB pays dividends to its holders with the dividend yield of 3.05%. The last dividend (Sep 30, 2025) amounted to 0.05 USD. The dividends are paid monthly.
FSMB shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Nov 1, 2018, and its management style is Active.
FSMB expense ratio is 0.55% meaning you'd have to pay 0.55% of your investment to help manage the fund.
FSMB follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FSMB invests in bonds.
FSMB price has risen by 0.37% over the last month, and its yearly performance shows a 0.37% increase. See more dynamics on FSMB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.56% over the last month, showed a 1.67% increase in three-month performance and has increased by 3.07% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.56% over the last month, showed a 1.67% increase in three-month performance and has increased by 3.07% in a year.
FSMB trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.