Dividend-adjusted total return · S&P 500 uses VOO · Oct 31, 2025 – Nov 3, 2026FSMBS&P 500 · VOO
First Trust Short Duration Managed Municipal ETFFSMB
$19.80
0.0% last session
+1.4% YTD
Data as of 11/3/20264:00 PM ET · End-of-day
| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | 0.0% | +1.7% | +0.2% | +1.4% | +2.0% | +12.1% | +8.0% | +17.9% |
| Peer average | 0.0% | +2.9% | −0.9% | +0.3% | +0.6% | +14.6% | +2.5% | — |
| S&P 500 · VOO | +0.3% | −2.6% | −1.7% | +11.5% | +11.9% | +90.9% | +77.5% | — |
Key Statistics
Open all fund facts →- AUM
- $660M
- Expense ratio
- 0.34%
- Distribution yield
- 3.2%
- NAV
- $19.77
- Volume
- 316K
- Avg. volume 30D
- 291K
- High today
- $19.81
- Low today
- $19.76
- Previous close
- $19.79
- 52-week high
- $20.25
- 52-week low
- $19.36
- Our risk indicator
- 2/5
FSMB in One Breath
FSMB Among Municipal ETFs
YTDEnd-of-day Nov 4, 2026 · 141 Municipal ETFs by YTD
$10,000 in FSMB
5Y$10,000 in FSMB became
$10,802
In the S&P 500 (VOO)
$17,749
Total return, dividends in · Oct 26, 2021 – Nov 3, 2026 · S&P 500 uses VOO
FSMB’s Top Holdings
TodayKENTUCKY ST PUKENTUCKY ST PUBLIC ENERGY AUTH Variable rate, due 06/01/20550.8%CHICAGO IL O0.8%OHIO ST AIR 0.7%COLORADO ST 0.6%WHITING IN E0.6%PINELLAS CNT0.6%MOBILE AL IN0.6%UTAH CNTY UT0.6%EFFINGHAM CN0.6%SAINT JOHN T0.6%MAIN STREET 0.6%NEW YORK CIT0.6%BURKE CNTY G0.6%CHARLOTTE-ME0.6%NEW MEXICO S0.6%PALM BEACH C0.6%BLACK BELT E0.5%SOUTHEAST EN0.5%SAINT JAMES 0.5%MIAMI-DADE C0.5%NEW YORK ST 0.5%ALEXANDRIA V0.5%
KENTUCKY ST PUKENTUCKY ST PUBLIC ENERGY AUTH Variable rate, due 06/01/20550.8%CHICAGO IL O0.8%OHIO ST AIR 0.7%COLORADO ST 0.6%WHITING IN E0.6%PINELLAS CNT0.6%MOBILE AL IN0.6%UTAH CNTY UT0.6%EFFINGHAM CN0.6%SAINT JOHN T0.6%MAIN STREET 0.6%NEW YORK CIT0.6%
First Trust FSMB · 576 holdings · top 22 shown · tile size = share of the fund · as of Nov 3, 2026
What FSMB Holds
TodayAll holdings100.0%
KENTUCKY S · CHICAGO IL · OHIO ST AI · COLORADO S · WHITING IN · PINELLAS C · MOBILE AL
First Trust FSMB · share of the fund · as of Nov 3, 2026
KENTUCKY’s Share of FSMB
Today0.8%
$8 of every $1,000 in FSMB is KENTUCKY
KENTUCKY held by FSMB
$5.3M
First Trust FSMB · each square = $10 of $1,000 · as of Nov 3, 2026
FSMB’s Share of Municipal ETFs
Today0.3%
of the $244B in 166 Municipal ETFs
$660M0.3%
$54.5B22.3%
$49.6B20.3%
$139B57.0%
Municipal ETF AUM · Nov 4, 2026
FSMB Fee per $100 vs Peers
TodayExpense ratio · Municipal peers · Nov 4, 2026
Inside FSMB
576 holdings · as of Nov 3, 2026FSMB
First Trust Short Duration Managed Municipal ETF
TodayAll holdings100.0%562 more holdings91.0% of the fund
All holdings100.0%570 more holdings95.8% of the fund
| # | Ticker | Company | Weight ▼ |
|---|---|---|---|
| 1 | — | KENTUCKY ST PUBLIC ENERGY AUTH Variable rate, due 06/01/2055 | 0.81% |
| 2 | — | CHICAGO IL O'HARE INTL ARPT REV N/C, 5%, due 01/01/2031 | 0.81% |
| 3 | — | OHIO ST AIR QUALITY DEV AUTH Variable rate, due 11/01/2039 | 0.73% |
| 4 | — | COLORADO ST HLTH FACS AUTH REV Variable rate, due 11/15/2060 | 0.64% |
| 5 | — | WHITING IN ENVRNMNTL FACS REV Variable rate, due 11/01/2045 | 0.63% |
| 6 | — | PINELLAS CNTY FL HSG FIN AUTH MF HSG REV Variable rate, due 10/01/2043 | 0.61% |
| 7 | — | MOBILE AL INDL DEV BRD POLL CONTROL Variable rate, due 06/01/2034 | 0.61% |
| 8 | — | UTAH CNTY UT HOSP REVENUE Variable rate, due 05/15/2058 | 0.61% |
| 9 | — | EFFINGHAM CNTY GA INDL DEV AUTH Variable rate, due 02/01/2038 | 0.61% |
| 10 | — | SAINT JOHN THE BAPTIST PARISH LA Variable rate, due 06/01/2037 | 0.61% |
First Trust FSMB · current holdings by weight · as of Nov 3, 2026 · each tile is one holding · top 20 = 12.2%
How It Compares
FSMB
First Trust Short Duration Managed Municipal ETF’s Peers
TodayMunicipal peers · Today’s and past-year returns · as of Nov 4, 2026 · sorted by AUM
Head to Head
Put FSMB head to head with MUB →MUB vs FSMB
YTDYear to date
FSMB wins+1.8 pts
Past year
FSMB wins+1.9 pts
Fee
MUB winslower fee
Yield
MUB wins+0.1 pts
AUM
MUB82.5× more
2–2level
iShares MUB and First Trust FSMB · year-to-date · as of Nov 4, 2026 · AUM not scored
FSMB vs VOO
YTDFSMB · First Trust Short Duration Managed Municipal
+1.4%
VOO · S&P 500
+11.5%
Gap
10.1 pts
First Trust FSMB and Vanguard VOO · Today total return · as of Nov 4, 2026
FSMB vs Its Peer Average
YTDFSMBAvsBPeer average
1D0.0%0.0%
1M+1.7%+2.9%
3M+0.2%−0.9%
YTD+1.4%+0.3%
1Y+2.0%+0.6%
3Y+12.1%+14.6%
5Y+8.0%+2.5%
5–2FSMB wins
165 Municipal peers · each row scaled to its leader
The Details
FSMB
Risk
1Y2/5our risk indicator
CalmerBumpier
Volatility · 1Y1.83%
Deepest drop · 1Y−2.4%
Lowest point · 5Y−5.5%
52-week range
$19.80
$19.36−2.2% from the high$20.25
First Trust FSMB · past-year price moves · as of Nov 4, 2026
FSMB
Fund Facts
Today2018launched Nov 1
Tracks[…]
Exchange · CUSIPAMEX · 33739P830
StructureETF
Leverage1x
Cost on $10,000$34 a year
Go deeper
First Trust FSMB · fund facts · as of Nov 4, 2026
FSMB
Payouts by Year
6Y$0.0540per share, Oct 2026
Distribution yield3.2%
PaidEvery month
Latest ex-date · paidOct 21 · Oct 30, 2026
12 payouts added up$0.64 a share
First Trust FSMB · distributions by ex-date · 2021–2026
All Fund FactsDocuments · trading · fees · every payout
Prospectus & Documents
SEC reported portfolio · 2026-07-31 ↗SEC reported portfolio · 2026-04-30 ↗SEC reported portfolio · 2026-01-31 ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗summary prospectus · SEC 497K ↗prospectus · SEC 497 ↗SEC reported portfolio · 2025-10-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-07-31 ↗SEC reported portfolio · 2025-04-30 ↗SEC reported portfolio · 2025-01-31 ↗SEC reported portfolio · 2024-10-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2024-07-31 ↗SEC reported portfolio · 2024-04-30 ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2024-01-31 ↗SEC reported portfolio · 2023-10-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2023-07-31 ↗SEC reported portfolio · 2023-04-30 ↗SEC reported portfolio · 2023-01-31 ↗SEC reported portfolio · 2022-10-31 ↗summary prospectus · SEC 497K ↗summary prospectus · SEC 497K ↗prospectus · SEC 497 ↗SEC reported portfolio · 2022-07-31 ↗SEC reported portfolio · 2022-04-30 ↗summary prospectus · SEC 497K ↗prospectus · SEC 497 ↗SEC reported portfolio · 2022-01-31 ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2021-10-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2021-07-31 ↗SEC reported portfolio · 2021-04-30 ↗prospectus · SEC 497 ↗SEC reported portfolio · 2021-01-31 ↗SEC reported portfolio · 2020-10-31 ↗summary prospectus · SEC 497K ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2020-07-31 ↗SEC reported portfolio · 2020-04-30 ↗SEC reported portfolio · 2020-01-31 ↗
Trading & Liquidity
Net asset value$19.77
Premium / discount[…]
Median spread · 30D[…]
Volume today316K
Average volume · 30D291K
Shares outstanding[…]
Options[…]
Fees & Costs
Net expense ratio0.34%
Gross expense ratio[…]
Management fee[…]
Cost on $10,000 a year$34.00
Our risk indicator2/5
Estimated yearly cost excludes trading costs and assumes constant assets.
Distributions
| Ex-date | Paid | Per share |
|---|---|---|
| Oct 21, 2026 | Oct 30, 2026 | $0.0540 |
| Sep 24, 2026 | Sep 30, 2026 | $0.0540 |
| Aug 21, 2026 | Aug 31, 2026 | $0.0530 |
| Jul 21, 2026 | Jul 31, 2026 | $0.0530 |
| Jun 25, 2026 | Jun 30, 2026 | $0.0530 |
| May 21, 2026 | May 29, 2026 | $0.0530 |
| Apr 21, 2026 | Apr 30, 2026 | $0.0530 |
| Mar 26, 2026 | Mar 31, 2026 | $0.0530 |
| Feb 20, 2026 | Feb 27, 2026 | $0.0530 |
| Jan 21, 2026 | Jan 30, 2026 | $0.0530 |
| Dec 12, 2025 | Dec 31, 2025 | $0.0520 |
| Nov 21, 2025 | Nov 28, 2025 | $0.0520 |
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