FSMB

First Trust Short Duration Managed Municipal ETF
*Unless otherwise stated, data provided by FactSet.

FSMB Fund Description

FSMB is an actively managed portfolio of US municipal debt with a targeted portfolio duration of 1 to 3 years. The fund seeks tax-exempt income and capital preservation.

FSMB Factset Analytics Insight

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. FSMB is reasonably priced and faces little competition, though cheaper options are available for investors willing to accept a portfolio without high-yield exposure.

FSMB Charts And Performance

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Total Return Chart (%)
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PERFORMANCE [as of 04/02/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FSMB -3.76% -2.51% -2.44% 0.23% -- -- --
FSMB (NAV) -3.58% -2.26% -2.21% 0.33% -- -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FSMB Summary Data

First Trust
11/01/18
Open-Ended Fund
0.45%
$39.90M
$844.17K
0.19%

FSMB Portfolio Data

2.16
--
1.86%
04/21/20
105

FSMB Index Data

No Underlying Index
Proprietary
Proprietary
N/A

FSMB Portfolio Management

0.45%
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FSMB Tax Exposures

20.00% / 39.60%
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Ordinary income
No

FSMB Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
Medium
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

FSMB Factset Analytics Block Liquidity

As of 04/03/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of FSMB. FSMB is rated a N/A out of 5.

FSMB Tradability

41,408
$844.17K
38,064
$748.08K
0.19%
$0.04
0.04%
1.62% / -1.53%
None
100.00%
50,000
0.76
0.05%
--
0
$19.91
N/A

FSMB Sector/Industry Breakdown


FSMB
Segment Benchmark
81.91%
--
12.20%
--
5.89%
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FSMB Top 10 Holdings[View All]

9.86%
8.36%
2.89%
2.51%
2.51%
2.51%
2.51%
2.26%
1.76%
1.75%
36.92%

FSMB Top 5 Countries


FSMB
Segment Benchmark
100.00%
--

FSMB Top 5 Currencies


FSMB
Segment Benchmark
100.00%
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FSMB Performance Statistics

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FSMB Holdings Statistics

2.41 years
2.16
1.86%
2.16
Medium
105
0.70%

FSMB Avg Life Maturity Distribution

39.42%
17.27%
17.52%
3.44%
13.09%
9.25%
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FSMB OAS Breakdown

78.98%
18.62%
2.40%
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