Symbols

FTSM

First Trust Enhanced Short Maturity ETF·NASDAQ

--(--)

Key Stats

Assets Under Management

6.34BUSD

Fund Flows (1Y)

68.92MUSD

Dividend Yield

4.24%

Discount/Premium to NAV

Shares Outstanding

105.30M

Expense Ratio

0.44%

About First Trust Enhanced Short Maturity ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

http://www.ftportfolios.com/retail/etf/etfsummary.aspx?Ticker=FTSM

Inception Date

Aug 5, 2014

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

FTSM is an actively managed fund that primarily invests in a variety of USD-denominated fixed-income securities for capital preservation and income generation. The fund selects securities for the portfolio by evaluating fixed income sectors and macro market trends while completing bottom-up analysis of individual securities. The portfolio allocates most of its assets to investment grade securities but rather than holding solely investment-grade securities, FTSM reaches into bank loans often rated as non-investment grade for additional yield. The Fund may also invest in fixed income securities issued by non-U.S. corporations and governments and at least 20% may be invested in privately-issued mortgage- and asset-backed securities or in floating rate loans by companies or other entities from banks and other lenders. The fund targets an average maturity of less than three years.