First Trust Short Duration Managed Municipal ETF (FSMB)
- Expense ratio0.56%
- Net assets$649.3M
- Dividend yield3.21%
- 1-year return+0.95%
- Holdings10
FSMB ETF price chart
FSMB quote & trading statistics
FSMB performance
Annual returns & drawdowns →- YTD+0.48%
- 1 year+0.95%
- 3 years+3.57%/yr
- 5 years+1.38%/yr
- 10 years0.00%/yr
- 1Y volatility
- 2.60%
- 3Y volatility
- 2.41%
- 3Y Sharpe ratio
- -0.62
Returns include reinvested distributions; 3-, 5- and 10-year figures are annualized.
FSMB top 10 holdings
| # | Symbol | Name | Weight |
|---|---|---|---|
| 1 | Future Contract On Us 10yr Ultra Fut Sep21 | 1.67% | |
| 2 | HOUSTON TEX ARPT SYS REV 5% | 1.26% | |
| 3 | NEWARK N J 3.5% | 1.25% | |
| 4 | TENDER OPT BD TR RCPTS / CTFS VAR STS 0.28% | 1.16% | |
| 5 | CENTRAL TEX REGL MOBILITY AUTH REV 5% | 1.13% | |
| 6 | UNIVERSITY CONN 5% | 1.00% | |
| 7 | ARIZONA INDL DEV AUTH REV 5% | 1.00% | |
| 8 | MIDDLESEX CNTY N J CTFS PARTN 5% | 0.99% | |
| 9 | ALABAMA FED AID HWY FIN AUTH SPL OBLIG REV 5% | 0.96% | |
| 10 | NEW JERSEY ST 5% | 0.95% |
The top 10 holdings make up 11.4% of the fund (10 holdings in total). As of October 22, 2026.
About First Trust Short Duration Managed Municipal ETF
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. The municipal securities in which the fund invests may be fixed, variable or floating-rate securities.
FSMB ETF FAQ
What is the FSMB expense ratio?
First Trust Short Duration Managed Municipal ETF has a net expense ratio of 0.56%, or $56.00 a year for every $10,000 invested.
How much money is in FSMB?
First Trust Short Duration Managed Municipal ETF has about $649.3M in net assets.
What are the top holdings of FSMB?
The largest positions in FSMB are Future Contract On Us 10yr Ultra Fut Sep21 (1.67%), HOUSTON TEX ARPT SYS REV 5% (1.26%), NEWARK N J 3.5% (1.25%). The fund holds 10 securities in total.
How has FSMB performed?
FSMB returned +0.95% over the past year and +1.38% a year over the past five years, including reinvested distributions.
Does FSMB pay dividends?
FSMB has a dividend yield of 3.21%.
When was FSMB launched?
First Trust Short Duration Managed Municipal ETF began trading on November 1, 2018.