FSMBFirst Trust Short Duration Managed Municipal ETF
Seeks federally tax-exempt income consistent with capital preservation.
By First Trust · Launched 2018
Annual Cost
0.34%
#1,567 of 6,040 · low cost
Fund Size
$623M
#1,488 of 6,040 · large
Return (1Y)
+1.0%
Track Record
7 years
#1,817 of 6,040 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,094+0.9%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 7.1% of funddiversified
SOUTHEAST ENERGY AUTHORITY (AL)
1.1%
UTAH (UT), COUNTY OF
0.8%
OHIO AIR QUALITY DEVELOPMENT AUTHORITY (OH)
0.8%
PUBLIC FINANCE AUTHORITY (WI)
0.7%
ST JOHN BAPTIST PARISH LA
0.7%
MAIN STR ENERGY INC GA
0.7%
PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY (FL)
0.6%
NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY (NY)
0.6%
PUBLIC ENERGY AUTHORITY OF KENTUCKY (KY)
0.6%
BLACK BELT ENERGY GAS DIST ALA
0.6%
Asset allocation
Bonds
99.3%
Cash
0.8%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
1.5%Low
Year-on-year price swings
Max drawdown
-6.4%Mild
Worst peak-to-trough loss
Sharpe (3Y)
-0.34Below average
Sortino (3Y)
-0.45Moderate downside risk
Bond profile
Duration
4.3 years
Avg maturity
10.2 years
Credit ratings
AAA
0.6%
AA
40.4%
A
34.0%
BBB
11.8%
BB
4.1%
B
0.5%
Other
8.6%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks federally tax-exempt income consistent with capital preservation.
- Strategy
- Invests primarily in municipal debt securities that pay interest exempt from federal income taxes, focusing on investment-grade Municipal Securities across the U.S. portfolio with a weighted average duration of 1-3 years.
- Inception date
- November 1, 2018
- Fund family
- First Trust
Similar funds
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Data updated on 2026-09-18