First Trust Short Duration Managed Municipal ETFFSMB

First TrustBonds & CashMunicipal#251 of 785 by YTD

$19.82

+0.1% last session

+1.5% YTD

Data as of 11/4/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Oct 27, 2021 – Nov 4, 2026FSMBS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.1%	+2.0%	+0.2%	+1.5%	+2.1%	+12.3%	+8.1%	+18.0%
Peer average	+0.3%	+3.3%	−0.5%	+0.6%	+1.0%	+15.1%	+2.7%	—
S&P 500 · VOO	+1.6%	−1.6%	0.0%	+13.4%	+13.5%	+91.7%	+81.2%	—

Key Statistics

Open all fund facts →

AUM: $660M
Expense ratio: 0.34%
Distribution yield: 3.2%
NAV: $19.77
Volume: 264K
Avg. volume 30D: 276K
High today: $19.83
Low today: $19.80
Previous close: $19.80
52-week high: $20.25
52-week low: $19.36
Our risk indicator: 2/5

FSMB in One Breath

FSMB Among Municipal ETFs

YTD

#1MMMANY Life Investments+2.6%$59.3M

#2OVMOverlay Shares+2.4%$44.9M

#3MYMGSPDR+2.2%$8.6M

#4TAXTFlexShares+2.1%$196M

#5SMMUPIMCO+2.1%$1.3B

#6FTMSFranklin Templeton+2.0%$265M

#7MYMFSPDR+1.9%$8.7M

#8IBMOiShares+1.9%$499M

#26FSMBFirst Trust+1.5%$660M

End-of-day Nov 5, 2026 · 141 Municipal ETFs by YTD

$10,000 in FSMB

$10,000 in FSMB became

$10,807

In the S&P 500 (VOO)

$18,115

Total return, dividends in · Oct 27, 2021 – Nov 4, 2026 · S&P 500 uses VOO

FSMB’s Top Holdings

Today

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%UTAH CNTY UT0.6%MOBILE AL IN0.6%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%US Dollar0.5%BLACK BELT E0.5%SOUTHEAST EN0.5%SAINT JAMES 0.5%MIAMI-DADE C0.5%NEW YORK ST 0.5%

First Trust FSMB · 576 holdings · top 22 shown · tile size = share of the fund · as of Nov 4, 2026

What FSMB Holds

Today

All holdings100.0%

KENTUCKY S · CHICAGO IL · OHIO ST AI · COLORADO S · WHITING IN · PINELLAS C · UTAH CNTY

First Trust FSMB · share of the fund · as of Nov 4, 2026

KENTUCKY’s Share of FSMB

Today

0.8%

$8 of every $1,000 in FSMB is KENTUCKY

KENTUCKY held by FSMB

$5.6M

First Trust FSMB · each square = $10 of $1,000 · as of Nov 4, 2026

FSMB’s Share of Municipal ETFs

Today

0.3%

of the $244B in 166 Municipal ETFs

FSMB$660M0.3%

MUB$54.5B22.3%

VTEB$49.6B20.3%

163 others$139B57.0%

Municipal ETF AUM · Nov 5, 2026

FSMB Fee per $100 vs Peers

Today

$0.34a year
per $100

$34 a year on $10,000

VTEB$0.03

MUB$0.05

SUB$0.07

JMUB$0.18

CGMU$0.27

FSMB$0.34

Expense ratio · Municipal peers · Nov 5, 2026

Inside FSMB

576 holdings · as of Nov 4, 2026

FSMB

First Trust Short Duration Managed Municipal ETF

Today

All holdings100.0%562 more holdings91.0% of the fund

All holdings100.0%570 more holdings95.7% of the fund

#	Ticker	Company	Weight ▼
1	—	KENTUCKY ST PUBLIC ENERGY AUTH Variable rate, due 06/01/2055	0.85%
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	—	UTAH CNTY UT HOSP REVENUE Variable rate, due 05/15/2058	0.61%
8	—	MOBILE AL INDL DEV BRD POLL CONTROL Variable rate, due 06/01/2034	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 4, 2026 · each tile is one holding · top 20 = 12.2%

How It Compares

FSMB

First Trust Short Duration Managed Municipal ETF’s Peers

YTD


MUB	iSharesRead Desk	0.05%	+0.1%	+0.7%	$54.5B
VTEB	VanguardRead Desk	0.03%	+0.2%	+0.7%	$49.6B
SUB	iSharesRead Desk	0.07%	+1.5%	+2.3%	$13.3B
JMUB	J.P. MorganRead Desk	0.18%	+0.3%	+0.8%	$9.0B
CGMU	Capital GroupRead Desk	0.27%	+0.8%	+1.4%	$7.5B
FSMB	First TrustThis fundRead Desk	0.34%	+1.5%	+2.1%	$660M

Municipal peers · YTD and past-year returns · as of Nov 5, 2026 · sorted by AUM

Head to Head

Put FSMB head to head with MUB →

MUB vs FSMB

YTD

MUBiShares · MunicipalFSMBFirst Trust · Municipal

Year to date

+0.1%

+1.5%

FSMB wins+1.5 pts

Past year

+0.7%

+2.1%

FSMB wins+1.4 pts

Fee

0.05%

0.34%

MUB winslower fee

Yield

3.3%

3.2%

MUB wins+0.1 pts

AUM

$54.5B

$660M

MUB82.5× more

2–2level

iShares MUB and First Trust FSMB · year-to-date · as of Nov 5, 2026 · AUM not scored

FSMB vs VOO

YTD

FSMB · First Trust Short Duration Managed Municipal

+1.5%

VOO · S&P 500

+13.4%

Gap

11.8 pts

First Trust FSMB and Vanguard VOO · YTD total return · as of Nov 5, 2026

FSMB vs Its Peer Average

YTD

FSMBAvsBPeer average

1D+0.1%+0.3%

1M+2.0%+3.3%

3M+0.2%−0.5%

YTD+1.5%+0.6%

1Y+2.1%+1.0%

3Y+12.3%+15.1%

5Y+8.1%+2.7%

4–3FSMB wins

165 Municipal peers · each row scaled to its leader

The Details

FSMB

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y1.83%

Deepest drop · 1Y−2.4%

Lowest point · 5Y−5.5%

52-week range

$19.82

$19.36−2.1% from the high$20.25

First Trust FSMB · past-year price moves · as of Nov 5, 2026

FSMB

Fund Facts

Today

2018launched Nov 1

Tracks[…]

Exchange · CUSIPAMEX · 33739P830

StructureETF

Leverage1x

Cost on $10,000$34 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

First Trust FSMB · fund facts · as of Nov 5, 2026

FSMB

Payouts by Year

$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

Trading & Liquidity

Net asset value$19.77

Premium / discount[…]

Median spread · 30D[…]

Volume today264K

Average volume · 30D276K

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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