Dividend-adjusted total return · Nov 27, 2018 – Nov 4, 2026FSMB
First Trust Short Duration Managed Municipal ETFFSMB
$19.82
+0.1% last session
+1.5% YTD
Data as of 11/4/20264:00 PM ET · End-of-day
| 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% | +4.1% | −0.5% | +0.9% | +1.2% | +15.4% | +2.9% | — |
| S&P 500 · VOO | −4.4% | −5.7% | −4.9% | +8.4% | +9.8% | +82.2% | +71.6% | — |
Key Statistics
Open all fund facts →- AUM
- $661M
- Expense ratio
- 0.34%
- Distribution yield
- 3.2%
- NAV
- $19.80
- 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
YTDEnd-of-day Nov 6, 2026 · 141 Municipal ETFs by YTD
$10,000 in FSMB
5Y$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
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 0.7%US Dollar0.7%WHITING IN E0.6%PINELLAS CNT0.6%MOBILE AL IN0.6%EFFINGHAM CN0.6%UTAH CNTY UT0.6%SAINT JOHN T0.6%PALM BEACH C0.6%MAIN STREET 0.6%NEW YORK CIT0.6%BURKE CNTY G0.6%CHARLOTTE-ME0.6%NEW MEXICO S0.6%BLACK BELT E0.5%SOUTHEAST EN0.5%SAINT JAMES 0.5%MIAMI-DADE C0.5%NEW YORK ST 0.5%
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 0.7%US Dollar0.7%WHITING IN E0.6%PINELLAS CNT0.6%MOBILE AL IN0.6%EFFINGHAM CN0.6%UTAH CNTY UT0.6%SAINT JOHN T0.6%PALM BEACH C0.6%
First Trust FSMB · 578 holdings · top 22 shown · tile size = share of the fund · as of Nov 5, 2026
What FSMB Holds
TodayAll holdings100.0%
KENTUCKY S · CHICAGO IL · OHIO ST AI · COLORADO S · US Dollar · WHITING IN · PINELLAS C
First Trust FSMB · share of the fund · as of Nov 5, 2026
KENTUCKY’s Share of FSMB
Today0.8%
$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 5, 2026
FSMB’s Share of Municipal ETFs
Today0.3%
of the $245B in 166 Municipal ETFs
$661M0.3%
$54.9B22.4%
$49.6B20.2%
$140B57.2%
Municipal ETF AUM · Nov 6, 2026
FSMB Fee per $100 vs Peers
TodayExpense ratio · Municipal peers · Nov 6, 2026
Inside FSMB
578 holdings · as of Nov 5, 2026FSMB
First Trust Short Duration Managed Municipal ETF
TodayAll holdings100.0%564 more holdings90.8% of the fund
All holdings100.0%572 more holdings95.6% of the fund
| # | Ticker | Company | Weight ▼ |
|---|---|---|---|
| 1 | — | KENTUCKY ST PUBLIC ENERGY AUTH Variable rate, due 06/01/2055 | 0.84% |
| 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 | 0.68% |
| 5 | — | US Dollar | 0.67% |
| 6 | — | WHITING IN ENVRNMNTL FACS REV Variable rate, due 11/01/2045 | 0.63% |
| 7 | — | PINELLAS CNTY FL HSG FIN AUTH MF HSG REV Variable rate, due 10/01/2043 | 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 | — | UTAH CNTY UT HOSP REVENUE Variable rate, due 05/15/2058 | 0.61% |
First Trust FSMB · current holdings by weight · as of Nov 5, 2026 · each tile is one holding · top 20 = 12.4%
All FSMB Holdings
579 holdings · as of Nov 5, 2026FSMB
FSMB’s Holdings
Today| # | |||||
|---|---|---|---|---|---|
| 1 | —KENTUCKY ST PUBLIC ENERGY AUTH Variable rate, due 06/01/2055 | 0.84% | $84.30 | 5.4M | $5.5M |
| 2 | —CHICAGO IL O'HARE INTL ARPT REV N/C, 5%, due 01/01/2031 | 0.81% | $80.52 | 5.0M | $5.3M |
| 3 | —OHIO ST AIR QUALITY DEV AUTH Variable rate, due 11/01/2039 | 0.73% | $72.74 | 4.8M | $4.8M |
| 4 | —COLORADO ST HLTH FACS AUTH REV Variable rate, due 11/15/2060 | 0.68% | $68.11 | 4.2M | $4.5M |
| 5 | —US Dollar | 0.67% | $66.58 | 4.4M | $4.4M |
| 6 | —WHITING IN ENVRNMNTL FACS REV Variable rate, due 11/01/2045 | 0.63% | $63.15 | 4.1M | $4.1M |
| 7 | —PINELLAS CNTY FL HSG FIN AUTH MF HSG REV Variable rate, due 10/01/2043 | 0.61% | $61.05 | 4.0M | $4.0M |
| 8 | —MOBILE AL INDL DEV BRD POLL CONTROL Variable rate, due 06/01/2034 | 0.61% | $60.89 | 4.0M | $4.0M |
| 9 | —EFFINGHAM CNTY GA INDL DEV AUTH Variable rate, due 02/01/2038 | 0.61% | $60.89 | 4.0M | $4.0M |
| 10 | —UTAH CNTY UT HOSP REVENUE Variable rate, due 05/15/2058 | 0.61% | $60.89 | 4.0M | $4.0M |
| 11 | —SAINT JOHN THE BAPTIST PARISH LA Variable rate, due 06/01/2037 | 0.61% | $60.73 | 4.0M | $4.0M |
| 12 | —PALM BEACH CNTY FL HLTH FACS AUTH 5%, due 11/15/2032 | 0.60% | $59.62 | 3.9M | $3.9M |
| 13 | —MAIN STREET NATURAL GAS GA Variable rate, due 05/01/2055 | 0.58% | $58.23 | 3.7M | $3.8M |
| 14 | —NEW YORK CITY NY MUNI WTR FIN AUTH Variable rate, due 06/15/2041 | 0.58% | $57.92 | 3.8M | $3.8M |
| 15 | —BURKE CNTY GA DEV AUTH POLL CTRL REV Variable rate, due 11/01/2052 | 0.58% | $57.84 | 3.8M | $3.8M |
First Trust FSMB · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 5, 2026
How It Compares
FSMB
First Trust Short Duration Managed Municipal ETF’s Peers
YTDMunicipal peers · YTD and past-year returns · as of Nov 6, 2026 · sorted by AUM
Head to Head
Put FSMB head to head with MUB →MUB vs FSMB
YTDYear to date
FSMB wins+1.0 pt
Past year
FSMB wins+1.1 pts
Fee
MUB winslower fee
Yield
MUB wins+0.1 pts
AUM
MUB83.0× more
2–2level
iShares MUB and First Trust FSMB · year-to-date · as of Nov 6, 2026 · AUM not scored
FSMB vs VOO
YTDFSMB · First Trust Short Duration Managed Municipal
+1.5%
VOO · S&P 500
+8.4%
Gap
6.9 pts
First Trust FSMB and Vanguard VOO · YTD total return · as of Nov 6, 2026
FSMB vs Its Peer Average
YTDFSMBAvsBPeer average
1D+0.1%+0.3%
1M+2.0%+4.1%
3M+0.2%−0.5%
YTD+1.5%+0.9%
1Y+2.1%+1.2%
3Y+12.3%+15.4%
5Y+8.1%+2.9%
4–3FSMB 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
$19.82
$19.36−2.1% from the high$20.25
First Trust FSMB · past-year price moves · as of Nov 6, 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 6, 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$19.80
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 |
Issuer contentFrom First TrustHear the strategy from the people behind FSMB.No issuer videos have been published for this fund.Are you the issuer? Claim this fund →