Key stats
About First Trust Short Duration Managed Municipal ETF
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Inception date
Nov 1, 2018
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.43%
Corporate0.51%
Cash0.06%
Top 10 holdings
Dividends
Dividend payout history