FSMBFirst Trust Short Duration Managed Municipal ETF

Stay safe7y track recordRanked #26 of 340 in this goal

Seeks to provide federally tax-exempt income consistent with capital preservation.

By First Trust · Launched 2018

Annual Cost

0.34%

#1,585 of 5,562 · low cost

Fund Size

$611M

#1,420 of 5,562 · large

Dividend YieldGoal

3.15%

Track Record

7 years

#1,839 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,392+3.9%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 7.9% of fund✓ well diversified

SOUTHEAST ENERGY AUTHORITY A C

1.2%

OHIO ST AIR QUALITY DEV AUTH

0.9%

CALIFORNIA CMNTY CHOICE FING A

0.8%

PUBLIC FIN AUTH WI POLL CONTRO

0.8%

SAINT JOHN THE BAPTIST PARISH

0.8%

MAIN STREET ENERGY INC ENERGY

0.7%

PALM BEACH CNTY FL HLTH FACS A

0.7%

NEW YORK CITY NY MUNI WTR FIN

0.7%

BLACK BELT ENERGY GAS DIST AL

0.6%

NORTH CAROLINA ST MED CARE COM

0.6%

Asset allocation

Bonds

98.0%

Cash

2.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

1.4%Low

Year-on-year price swings

Max drawdown

-6.3%Mild

Worst peak-to-trough loss

Sharpe (3Y)

-0.06Below average

Sortino (3Y)

-0.09Moderate downside risk

Bond profile

Duration

4.3 years

Avg maturity

10.2 years

Credit ratings

AAA

1.5%

38.0%

34.4%

BBB

11.5%

4.2%

0.5%

Other

9.8%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to provide 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 those rated investment grade or comparable quality. The portfolio aims for a weighted average duration of 1-3 years, emphasizing securities from at least 10 states with healthy employment trends.
Inception date: November 1, 2018
Fund family: First Trust