First Trust Short Duration Managed Municipal ETF

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About FSMB

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.

Index-Tracked

What's in this fund

Sectors

As of October 16, 2025

Municipal Bonds96.58%

Cash and Equivalents3.42%

Top 10 Holdings (8.30% of total assets)

As of October 16, 2025

NameSymbol% Assets

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%—1.35%

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%—0.95%

PUBLIC FIN AUTH WIS POLLUTION CTL REV 3.3%—0.86%

ST JOHN BAPTIST PARISH LA REV 3.3%—0.84%

PALM BEACH CNTY FLA HEALTH FACS AUTH RETIREMENT CMNTY REV 5%—0.76%

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 2%—0.72%

NORTH CAROLINA MED CARE COMMN HOSP REV 5%—0.71%

NEW MEXICO MUN ENERGY ACQUISITION AUTH GAS SUPPLY REV 5%—0.71%

BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV 4%—0.70%

OHIO ST AIR QUALITY DEV AUTH REV 4.25%—0.70%

FSMB Key Statistics

AUM

490.70M

AUM490.70M

Price-Earnings ratio

—

Price-Earnings ratio—

30-Day yield

2.58

30-Day yield2.58

Average volume

107.11K

Average volume107.11K

High today

$20.13

High today$20.13

Low today

$20.12

Low today$20.12

Open price

$20.13

Open price$20.13

Volume

48.89K

Volume48.89K

52 Week high

$20.21

52 Week high$20.21

52 Week low

$19.47

52 Week low$19.47

Expense ratio

0.55

Expense ratio0.55

View Prospectus and Reports