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 2022-10-20Cost/Risk/Yield
| Dividend yield | 1.28% |
| Expense ratio | 0.45% |
| Average spread | 0.051% |
| 1Y roundtrip cost | 0.501% |
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% | ||
| 2021 | 0.5% | -0.5% | 0.4% | 0.4% | 0.2% | 0.2% | 0.3% | -0.0% | -0.2% | -0.1% | 0.1% | -0.1% | 1.2% |
| 2020 | 0.9% | 0.5% | -2.7% | -0.4% | 1.5% | 1.4% | 0.9% | -0.1% | 0.4% | -0.1% | 0.7% | 0.5% | 3.5% |
| 2019 | 0.3% | 0.3% | 0.6% | 0.1% | 0.6% | 0.5% | 0.6% | 0.5% | -0.0% | 0.2% | 0.1% | 0.2% | 3.9% |
| 2018 | 0.5% | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.19 | |||
| 2021 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.25 |
| 2020 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.37 |
| 2019 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.47 |
| 2018 | 0.04 | 0.04 | |||||||||||
| 0.12 | 0.12 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.09 | 0.09 | 0.12 |
Sectors and Top Holdings
| Security | % Assets |
|---|---|
| U.S. Dollar | 4.70% |
| Pefa Inc Iowa Gas Proj Rev VAR 01-SEP-2049 | 0.96% |
| New Jersey St 5.0% 01-JUN-2025 | 0.96% |
| Michigan St Strategic Fd Ltd Oblig Rev VAR 01-OCT-2061 | 0.95% |
| Central Tex Regl Mobility Auth Rev 5.0% 01-JAN-2046 | 0.90% |
| Houston Tex Arpt Sys Rev 5.0% 15-JUL-2027 | 0.85% |
| Wilkes-Barre Pa Area Sch Dist 5.0% 01-AUG-2027 | 0.85% |
| Maryland St 5.0% 01-AUG-2024 | 0.80% |
| Texas Water Dev Brd 5.0% 15-OCT-2025 | 0.80% |
| Middlesex Cnty N J Ctfs Partn 5.0% 15-OCT-2031 | 0.72% |
| Peoria Ill 5.0% 01-JAN-2027 | 0.71% |
| MUNICIPAL BONDS | 0.71% |
| Connecticut St Health & Edl Facs Auth Rev 5.0% 01-JUL-2042 | 0.71% |
| Arizona Indl Dev Auth Rev 5.0% 01-MAY-2027 | 0.70% |
| University Conn 5.0% 01-NOV-2026 | 0.67% |
| Top 15 Weights | 15.99% |
Compare with similar ETFs
| FSMB | FMB | MBND | MUST | RVNU | TAXF | |
|---|---|---|---|---|---|---|
| Product name | First Trust Short Duration Managed Municipal ETF | First Trust Managed Municipal ETF | SPDR Nuveen Municipal Bond ETF | Columbia Multi-Sector Municipal Income ETF | Deutsche X-trackers Municipal Infrastructure Revenue Bond ETF | American Century Diversified Municipal Bond ETF |
| Issuer | First Trust | First Trust | SPDR | Columbia | Xtrackers | American Century |
| Price | $19.5489 | $48.9799 | $26.085 | $19.565 | $22.95 | $47.87 |
| Expense Ratio | 0.45% |  0.5% |  0.4% | 0.23% | 0.15% | 0.29% |
| Average Spread | 0.051% | 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 |
| Shares | 8,396,543 | 42,376,062 | 1,500,000 | 6,344,086 | 5,339,538 | 3,341,832 |
| Average Daily Volume | 263,463 | 316,744 | 8,407 | 118,070 | 50,990 | 72,273 |
| Home page | Visit external site | Visit external site | Visit external site | Visit external site | Visit external site | Visit external site |
| Inception Date | 2018-11-01 | 2014-05-13 | 2021-02-03 | 2018-10-10 | 2013-06-04 | 2018-09-10 |
| Index Tracked | No Underlying Index | No Underlying Index | No Underlying Index | Beta Advantage Multi-Sector Municipal Bond Index | Solactive Municipal Infrastructure Revenue Bond Index | No Underlying Index |
| Category | National Munis | National Munis | Government Bonds | Money Market | National Munis | National Munis |
| Asset Class | Bond | Bond | Bond | Bond | Bond | Bond |
| Asset Class Size | ||||||
| Value or Growth | ||||||
| Region | ||||||
| Countries | U.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 Yield | 0.013% | 0.024% | 0.022% | 0.017% | 0.028% | 0.018% |
| Number of Holdings | 445 | 1462 | 101 | 512 | 376 | 352 |
| YTD Return | -5.14% | -12.57% | -11.35% | -11.99% | -20.04% | -12.18% |
| Beta | 0.06 | 0.17 | 0.10 | 0.11 | 0.27 | 0.12 |
| Upside Beta | 0.01 | 0.08 | -0.11 | 0.03 | 0.03 | 0.05 |
| Downside Beta | -0.07 | -0.07 | -0.16 | -0.01 | -0.12 | 0.02 |
| Volatility 1Y | 2.12% | 3.72% | 3.47% | 5.25% | 7.27% | 4.06% |
| Sharpe Ratio 3Y | -0.68 | -0.93 | 0.00 | -0.80 | -1.07 | -0.87 |
| Treynor Ratio 3Y | -0.03 | -0.02 | 0.00 | -0.03 | -0.02 | -0.03 |