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ETFs

First Trust Short Duration Managed Municipal ETF

FSMB
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Nov 01 2018
Expense Ratio
0.35%
Type
US Bonds
Fund Owner
First Trust
Volume (1m avg. daily)
$2,136,669
AUM
$413,612,039
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
MIAMI-DADE CNTY FL SEAPORT REV N/C 5% due 10/01/2030
1.03%
n/a
UNIV OF TEXAS TX PERMANENT UNIV FND N/C 5% due 07/01/2026
1.02%
n/a
MAIN STREET NATURAL GAS INC GA Variable rate due 07/01/2052
1.02%
n/a
PUBLIC FIN AUTH WI POLL CONTROL REV Variable rate due 10/01/2046
0.96%
n/a
PEFA INC IA GAS PROJ REVENUE Variable rate due 09/01/2049
0.94%
n/a
HENNEPIN CNTY MN SALES TAX REV 5% due 12/15/2030
0.90%
n/a
ROCKPORT IN POLL CONTROL REV N/C 3.05% due 06/01/2025
0.86%
n/a
NORTH CAROLINA ST MED CARE COMMN Variable rate due 02/01/2051
0.84%
n/a
INDIANA ST FIN AUTH ENVRNMNTL REV 4.50% due 12/15/2046
0.73%
n/a
NEW YORK CITY NY MUNI WTR FIN AUTH Variable rate due 06/15/2033
0.73%
Invest with FSMB

What is FSMB?

The First Trust Short Duration Managed Municipal ETF seeks to provide federally tax-exempt income consistent with capital preservation. 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.

ETFs related toFSMB

ETFs correlated to FSMB include SCMB, DFNM, JMUB

FSMB
First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
DFNM
Dimensional ETF Trust - Dimensional National Municipal Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
TAXF
American Century ETF Trust - American Century Diversified Municipal Bond ETF
IBMQ
iShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
SUB
BlackRock Institutional Trust Company N.A. - iShares Short-Term National Muni Bond ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
VTES
Vanguard Wellington Fund - Vanguard Short-Term Tax Exempt Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

FSMB is a US Bonds ETF. The First Trust Short Duration Managed Municipal ETF seeks to provide federally tax-exempt income consistent with capital preservation. 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.

Yes, FSMB is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FSMB is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FSMB is -0.0045%. This is the percent change in the value of FSMB over the most recent 1-month period. The 3-month return on FSMB is -0.0078%. This is the percent change in the value of FSMB over the most recent 3-month period.

The standard deviation of FSMB for the past year is 0.0231%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FSMB include HYD, CMF, and TFI.

ETFs correlated to FSMB include SCMB, DFNM, and JMUB.

ETFs that are inversely correlated to FSMB include TBT, PST, and TTT.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.