FSMB
·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
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.
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
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +0.05% | -0.20% | +0.96% | +0.96% | +1.52% | -3.81% |
NAV Total Return | +0.27% | +0.50% | +4.31% | +4.52% | +10.55% | +7.85% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
SOUTHEAST ENERGY AUTH COOPERATIVE DIST AL Variable rate, due 11/01/2055
1.30%
CALIFORNIA CMNTY CHOICE FING AUTH Variable rate, due 02/01/2052
0.91%
PUBLIC FIN AUTH WI POLL CONTROL REV Variable rate, due 10/01/2046
0.84%
SAINT JOHN THE BAPTIST PARISH LA Variable rate, due 06/01/2037
0.81%
PALM BEACH CNTY FL HLTH FACS AUTH 5%, due 11/15/2032
0.74%
NEW YORK CITY NY MUNI WTR FIN AUTH Variable rate, due 06/15/2044
0.70%
NORTH CAROLINA ST MED CARE COMMN Variable rate, due 02/01/2051
0.69%
NEW MEXICO ST MUNI ENERGY ACQUISITION AUTH Variable rate, due 06/01/2054
0.68%
OHIO ST AIR QUALITY DEV AUTH Variable rate, due 11/01/2039
0.68%
BLACK BELT ENERGY GAS DIST AL Variable rate, due 07/01/2052
0.68%
Top 10 Weight 8.03%
483 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-12 | 2025-12-12 | 2025-12-31 | 0.052 |
| 2025-11-21 | 2025-11-21 | 2025-11-28 | 0.052 |
| 2025-10-21 | 2025-10-21 | 2025-10-31 | 0.052 |
| 2025-09-25 | 2025-09-25 | 2025-09-30 | 0.052 |
| 2025-08-21 | 2025-08-21 | 2025-08-29 | 0.052 |
| 2025-07-22 | 2025-07-22 | 2025-07-31 | 0.052 |
| 2025-06-26 | 2025-06-26 | 2025-06-30 | 0.052 |
Show more
Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
