First Trust Short Duration Managed Municipal ETFFirst Trust Short Duration Managed Municipal ETFFirst Trust Short Duration Managed Municipal ETF

First Trust Short Duration Managed Municipal ETF

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Key stats


Assets under management (AUM)
‪446.61 M‬USD
Fund flows (1Y)
‪23.78 M‬USD
Dividend yield (indicated)
2.91%
Discount/Premium to NAV
0.03%
Shares outstanding
‪22.40 M‬
Expense ratio
0.55%

About First Trust Short Duration Managed Municipal ETF


Issuer
AJM Ventures LLC
Brand
First Trust
Inception date
Nov 1, 2018
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Management style
Active
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
FSMB provides access to federally tax-exempt income with low interest rate risk. Unlike most competitors in the space, the fund isnt limited to investment-grade debt only, up to 35% of the portfolio may be in high-yield issues. Consequently, FSMB may offer higher yield and higher credit risk than similar short-term ETFs. FSMB may hold nearly any type of municipal security and tends to emphasize debt that finances infrastructure or critical services in states with growing populations and healthy employment trends.

Classification


Asset Class
Fixed income
Category
Government, local authority/municipal
Focus
Broad credit
Niche
Short-term
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Municipal
Bonds, Cash & Other100.00%
Municipal99.36%
Corporate0.51%
Cash0.13%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Summary
Neutral
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Summary
Neutral
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Summary
Neutral
SellBuy
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.