First Trust Short Duration Managed Municipal ETF (FSMB)

Description

The FSMB ETF contains 445 constituents. It is focused on holdings in the region.

Price $19.55 as of 2022-10-20

Cost/Risk/Yield

Dividend yield1.28%
Expense ratio0.45%
Average spread0.051%
1Y roundtrip cost0.501%

Historic prices

Total Returns (including dividends)

Monthly returns heatmap

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022-1.5%-0.3%-1.4%-1.1%0.7%-0.4%1.2%-1.1%-1.6%0.3%-5.2%
20210.5%-0.5%0.4%0.4%0.2%0.2%0.3%-0.0%-0.2%-0.1%0.1%-0.1%1.2%
20200.9%0.5%-2.7%-0.4%1.5%1.4%0.9%-0.1%0.4%-0.1%0.7%0.5%3.5%
20190.3%0.3%0.6%0.1%0.6%0.5%0.6%0.5%-0.0%0.2%0.1%0.2%3.9%
20180.5%0.5%
0.2%-0.0%-3.1%-1.0%3.0%1.7%3.0%-0.7%-1.4%0.3%0.9%1.2%

Historical Dividends

Monthly dividend heatmap

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
20220.020.020.020.020.020.020.020.020.030.19
20210.030.030.020.020.020.020.020.020.020.020.020.020.25
20200.040.030.030.030.030.030.030.030.030.030.030.030.37
20190.040.040.040.040.040.040.040.040.040.040.040.040.47
20180.040.04
0.120.120.110.110.110.110.110.110.110.090.090.12

Sectors and Top Holdings

Security % Assets
U.S. Dollar4.70%
Pefa Inc Iowa Gas Proj Rev VAR 01-SEP-20490.96%
New Jersey St 5.0% 01-JUN-20250.96%
Michigan St Strategic Fd Ltd Oblig Rev VAR 01-OCT-20610.95%
Central Tex Regl Mobility Auth Rev 5.0% 01-JAN-20460.90%
Houston Tex Arpt Sys Rev 5.0% 15-JUL-20270.85%
Wilkes-Barre Pa Area Sch Dist 5.0% 01-AUG-20270.85%
Maryland St 5.0% 01-AUG-20240.80%
Texas Water Dev Brd 5.0% 15-OCT-20250.80%
Middlesex Cnty N J Ctfs Partn 5.0% 15-OCT-20310.72%
Peoria Ill 5.0% 01-JAN-20270.71%
MUNICIPAL BONDS0.71%
Connecticut St Health & Edl Facs Auth Rev 5.0% 01-JUL-20420.71%
Arizona Indl Dev Auth Rev 5.0% 01-MAY-20270.70%
University Conn 5.0% 01-NOV-20260.67%
Top 15 Weights15.99%

Compare with similar ETFs

FSMB FMB MBND MUST RVNU TAXF
Product nameFirst Trust Short Duration Managed Municipal ETFFirst Trust Managed Municipal ETFSPDR Nuveen Municipal Bond ETFColumbia Multi-Sector Municipal Income ETFDeutsche X-trackers Municipal Infrastructure Revenue Bond ETFAmerican Century Diversified Municipal Bond ETF
IssuerFirst TrustFirst TrustSPDRColumbiaXtrackersAmerican Century
Price$19.5489$48.9799$26.085$19.565$22.95$47.87
Expense Ratio0.45%worse0.5%better0.4%better0.23%better0.15%better0.29%
Average Spread0.051%0.041%0.192%0.153%0.261%0.125%
AUM$164,143,000$2,075,580,000$39,127,500$124,122,000$122,542,000$159,973,000
Shares8,396,54342,376,0621,500,0006,344,0865,339,5383,341,832
Average Daily Volume263,463316,7448,407118,07050,99072,273
Home pageVisit external siteVisit external siteVisit external siteVisit external siteVisit external site
Inception Date2018-11-012014-05-132021-02-032018-10-102013-06-042018-09-10
Index TrackedNo Underlying IndexNo Underlying IndexNo Underlying IndexBeta Advantage Multi-Sector Municipal Bond IndexSolactive Municipal Infrastructure Revenue Bond IndexNo Underlying Index
CategoryNational MunisNational MunisGovernment BondsMoney MarketNational MunisNational Munis
Asset ClassBondBondBondBondBondBond
Asset Class Size
Value or Growth
Region
CountriesU.S.U.S.U.S.U.S.U.S.U.S.
Annual Dividend Rate$0.251$1.152$0.569$0.341$0.643$0.879
Annual Dividend Yield0.013%0.024%0.022%0.017%0.028%0.018%
Number of Holdings4451462101512376352
YTD Return-5.14%-12.57%-11.35%-11.99%-20.04%-12.18%
Beta0.060.170.100.110.270.12
Upside Beta0.010.08-0.110.030.030.05
Downside Beta-0.07-0.07-0.16-0.01-0.120.02
Volatility 1Y2.12%3.72%3.47%5.25%7.27%4.06%
Sharpe Ratio 3Y-0.68-0.930.00-0.80-1.07-0.87
Treynor Ratio 3Y-0.03-0.020.00-0.03-0.02-0.03

Historic volatility

Implied volatility

Put/Call Ratio (option volume)

Put/Call Ratio (open interest)

Volatility Spread

Volatility Skew