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First Trust Short Duration Managed Municipal ETF (FSMB)

19.92 -0.00 (-0.03%)
As of 1:16 PM EST. Market Open.

ETF Summary

Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes. The municipal securities in which the fund invests may be fixed, variable or floating-rate securities.

ETF Overview

Category Muni National Short
Fund Family First Trust Advisors L.P.
Net Assets 414.48M
YTD Daily Total Return 2.51%
Yield 2.80%
Legal Type Exchange Traded Fund

ETF Operations

Attributes FSMB Category Average
Annual Report Expense Ratio (net) 0.55% 0.56%
Holdings Turnover 51.00% 57.89%
Total Net Assets 0.00 0.00

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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