Symbols

FSMB

First Trust Short Duration Managed Municipal ETF·ARCA

--(--)

Key Stats

Assets Under Management

505.35MUSD

Fund Flows (1Y)

71.68MUSD

Dividend Yield

3.09%

Discount/Premium to NAV

0.05%

Shares Outstanding

25.25M

Expense Ratio

0.55%

About First Trust Short Duration Managed Municipal ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

https://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=FSMB

Inception Date

Nov 1, 2018

Structure

Open-Ended Fund

Index Tracked

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

FSMB provides access to federally tax-exempt income with low interest rate risk. Unlike most competitors in the space, the fund isn't 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.