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FSMB
+0.09 · +0.44%
$20.10 · NYSE ARCA

First Trust Short Duration Managed Municipal ETF (FSMB) ETF Analysis | Muni National Short

First Trust · USA
AUM:$557.1M
#– of – in Muni National Short ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

FSMB returned +4.7% over the past year, broadly in line with flat market conditions.

Cost Efficiency

Ongoing charge of 0.55% — moderate cost. Consider how fees compound over long holding periods.

What is FSMB?

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.

Performance Highlights

Returns (%)
Cost & Yield (%)

Investment Breakdown

Modest 1-Year Return
FSMB returned 4.7% over the past year.
Moderate Cost
Expense ratio of 0.55%. Consider how fees compound over a long holding period.
Broadly Diversified
Top 10 holdings represent just 11.4% of the ETF — exposure spread across many positions.
ETF Information
AUM$557.1M
Expense Ratio0.55%
Dividend Yield3.09%
Holdings10
Inception DateNov 2018
Domicile–
Distribution–
Index–
ProviderFirst Trust
Beta0.37
CategoryMuni National Short
CurrencyUSD
Portfolio Impact

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Example preview
6168
+7 points · better diversified

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
-1.5%
1Y
+1.5%
3Y
+9.6%
5Y
+6.2%
OpenBook InsightIf you had invested £10,000 in FSMB 5 years ago, it would have grown to £10,622 — a gain of £622.

Annual Returns

Calendar year performance

FSMB delivered positive returns in 3 of the last 5 calendar years.
YearFSMB
2026 YTD-0.1%
2025+4.4%
2024+2.4%
2023+3.5%
2022-3.9%
CAGR 4yr+1.5%
3/5 positive yearsAvg return: +1.2%Worst year: -3.9% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: NEGATIVE
Trend Strength
0%
Negative
Volatility
2.2%
Low
Momentum
-0.5%
30-day change
Support Level
19.87
Key floor
Key Insights
  • Price is currently below all major moving averages, indicating a weaker trend profile.
  • Price is consolidating, with low momentum over the recent period.
  • Low volatility environment with a narrower recent trading range.
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