Get started
First Trust Short Duration Managed Municipal ETFFirst Trust Short Duration Managed Municipal ETFFirst Trust Short Duration Managed Municipal ETF

First Trust Short Duration Managed Municipal ETF

No trades
OverviewAnalysisHoldingsMindsSeasonals

Chart


Full chart

Key stats


Assets under management (AUM)
‪518.09 M‬ USD
Fund flows (1Y)
—
Dividend yield (indicated)
3.07%
Discount/Premium to NAV
—
Shares outstanding
‪25.75 M‬
Expense ratio
0.55%

About First Trust Short Duration Managed Municipal ETF


Issuer
AJM Ventures LLC
Brand
First Trust
Home page
ftportfolios.com
Inception date
Nov 1, 2018
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Physical
Management style
Active
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
Identifiers
3
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.

Broaden your horizons with more funds linked to this ETF via country, focus, and more.

Classification


Asset Class
Fixed income
Category
Government, local authority/municipal
Focus
Broad credit
Niche
Short-term
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary

Analysis


What's in the fund
Exposure type
Bonds, Cash & Other
Municipal
Bonds, Cash & Other100.00%
Municipal99.18%
Cash0.82%
Top 10 holdings

Seasonals


Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
FSMB assets under management is ‪518.09 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
FSMB invests in bonds. See more details in our Analysis section.
FSMB expense ratio is 0.55%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, FSMB isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, FSMB pays dividends to its holders with the dividend yield of 3.07%.
FSMB shares are issued by AJM Ventures LLC
FSMB follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 1, 2018.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.