Fund Description
The First Trust Short Duration Managed Municipal ETF seeks to provide federally tax-exempt income consistent with capital preservation. Under normal market conditions, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes.
Fund Profile
Fund Name First Trust Short Duration Managed Municipal ETF
Fund Exchange Ticker FSMB
Fund Sponsor First Trust
Fund ISIN US33739P8308
Net Expense Ratio 0.35 %
Fund Inception Date 1 November 2018
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Municipal
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Municipal
Credit Quality Investment Grade Only
Average Maturity Short (1-3 years)
Bond Currency Denomination USD
Key Statistics
Return As of Date 28 June 2022
Asset Under Management 281.59 Million (USD)
1 Month Total Return -0.90 %
Year To Date Return -4.46 %
1 Year Total Return -4.39 %
3 Year Annualized Total Return 0.46 %
NAV 19.83
Share Outstanding 14,200,000
Top 10 Holdings (28 June 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
US Dollar CASH 0.0293000000
PEFA INC IA GAS PROJ REVENUE Variable rate due 09/01/2049 PREF 0.0141000000
JOHNSTON IA CMNTY SCH DIST N/C 8.35% due 07/01/2024 BOND 0.0091000000
OHIO ST AIR QUALITY DEV AUTH Variable rate due 02/01/2026 PREF 0.0090000000
NEW MEXICO FIN AUTH REVENUE N/C 5% due 06/15/2024 BOND 0.0075000000
COLLIER CNTY FL EDUCTNL FACS AUTH 6.125% due 11/01/2043 BOND 0.0075000000
MISSOURI ST HLTH & EDUCTNL FACS AUTH 5% due 06/01/2029 BOND 0.0075000000
MASSACHUSETTS ST BAY TRANSPRTN AUTH N/C 4% due 05/01/2025 BOND 0.0074000000
KING CNTY WA SWR REVENUE 5% due 07/01/2039 BOND 0.0073000000