FSMB

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 0.45 %
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 21 June 2019
Asset Under Management 19.38 Million (USD)
1 Month Total Return 0.49 %
Year To Date Return 1.76 %
1 Year Total Return
3 Year Annualized Total Return
NAV 20.4
Share Outstanding 950,002
Top 10 Holdings (20 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
TENNESSEE ST ENERGY ACQUISITION Variable rate due 05/01/2048 BOND 0.0335000000
KING CNTY WA SWR REVENUE Variable rate due 01/01/2043 BOND 0.0317000000
MINNEAPOLIS MN MF REVENUE Variable rate due 11/01/2021 BOND 0.0313000000
AUSTIN TX INDEP SCH DIST N/C 5% due 08/01/2020 BOND 0.0312000000
LANCASTER PA N/C 5% due 05/01/2025 BOND 0.0309000000
OKLAHOMA CITY OK ARPT TRUST N/C 5% due 07/01/2022 BOND 0.0283000000
TEXAS ST PUBLIC FIN AUTH N/C 5% due 11/01/2021 BOND 0.0280000000
LUCAS CNTY OH HOSP REVENUE N/C 5% due 11/15/2021 BOND 0.0279000000
CALIFORNIA ST STWD CMNTYS DEV N/C 5% due 01/01/2021 BOND 0.0274000000
CENTER GROVE IN CMNTY SCH CORP N/C 4% due 01/01/2020 BOND 0.0264000000

Home | Glossary of Terms | About Us | Site FAQs | Disclaimers |