Key stats
About First Trust Short Duration Managed Municipal ETF
Expense ratio
0.55%
Home page
Inception date
Nov 1, 2018
ISIN
US33739P8308
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
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.24%
Cash0.76%