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EMLP vs FSMB

First Trust North American Energy Infrastructure Fund vs First Trust Short Duration Managed Municipal ETF

EMLP

First Trust North American Energy Infrastructure Fund

Annual cost

0.95%

Fund size

$4.1B

FSMB

First Trust Short Duration Managed Municipal ETF

Annual cost

0.34%

Fund size

$599M

Key differences

  • FSMB costs 0.61% less per year.
  • EMLP is significantly larger than FSMB — larger funds tend to be more liquid and less likely to close.
  • EMLP is classified as equity, while FSMB is fixed income — different risk/return profiles.
  • Over the last 3 years, EMLP has delivered higher annualized returns.
  • EMLP has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

EMLPFSMB
Annual cost (TER)0.95%0.34%
Fund size (AUM)$4.1B$599M
Since20122018
Dividend yield2.69%3.14%
Asset classequityfixed income
Regionnorth america
Strategyindex trackingindex tracking
CAGR 1Y+22.5%+4.2%
CAGR 3Y+22.0%+3.5%
CAGR 5Y+16.6%+1.5%
Sharpe 3Y1.33-0.05
Volatility 1Y9.80%1.40%
Max drawdown-43.61%-6.32%

Similar to EMLP and FSMB