First Trust Short Duration Managed Municipal ETF (FSMB)
ETF overview
First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF is an exchange traded fund launched and managed by First Trust Advisors L.P. It invests in the fixed income markets of the United States. The fund invests in the municipal debt securities issued by or on behalf of states, territories or possessions of the U.S. and the District of Columbia and their political subdivisions, agencies, authorities and other instrumentalities and with a weighted average duration between 1 and 3 years. It invests in investment grade securities that are rated as at least BBB- by S&P and Fitch and at least Baa3 by Moody’s. The fund seeks to benchmark the performance of its performance against the Bloomberg Municipal Short (1-5) Year Index and the Bloomberg Municipal Bond Index. First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF was formed on November 1, 2018 and is domiciled in the United States.
Fund facts
- Expense ratio
- 0.34%
- Fund assets
- 649.34M USD (all share classes)
- Issuer
- First Trust
- Inception date
- Nov 1, 2018
- Number of holdings
- 582
Breakdown
Holdings (582)
| Name | Ticker | Weight |
|---|---|---|
| NEW YORK CITY NY MUNI WTR FIN AUTH Variable rate, due 06/15/2041 | 0.90% | |
| CHICAGO IL O'HARE INTL ARPT REV N/C, 5%, due 01/01/2031 | 0.81% | |
| OHIO ST AIR QUALITY DEV AUTH Variable rate, due 11/01/2039 | 0.74% | |
| KENTUCKY ST PUBLIC ENERGY AUTH Variable rate, due 06/01/2055 | 0.71% | |
| COLORADO ST HLTH FACS AUTH REV Variable rate, due 11/15/2060 | 0.64% | |
| WHITING IN ENVRNMNTL FACS REV Variable rate, due 11/01/2045 | 0.64% | |
| MOBILE AL INDL DEV BRD POLL CONTROL Variable rate, due 06/01/2034 | 0.62% | |
| EFFINGHAM CNTY GA INDL DEV AUTH Variable rate, due 02/01/2038 | 0.62% | |
| UTAH CNTY UT HOSP REVENUE Variable rate, due 05/15/2058 | 0.62% | |
| PINELLAS CNTY FL HSG FIN AUTH MF HSG REV Variable rate, due 10/01/2043 | 0.62% | |
| and 569 more | ||
Historical returns do not guarantee future returns. This is not investment advice.
First Trust Short Duration Managed Municipal ETF (FSMB)
- Expense ratio
- 0.34%
- Fund assets
- 649.34M USD (all share classes)
- Issuer
- First Trust
- Inception date
- Nov 1, 2018
- Number of holdings
- 582
| Name | Ticker | Weight |
|---|---|---|
| NEW YORK CITY NY MUNI WTR FIN AUTH Variable rate, due 06/15/2041 | 0.90% | |
| CHICAGO IL O'HARE INTL ARPT REV N/C, 5%, due 01/01/2031 | 0.81% | |
| OHIO ST AIR QUALITY DEV AUTH Variable rate, due 11/01/2039 | 0.74% | |
| KENTUCKY ST PUBLIC ENERGY AUTH Variable rate, due 06/01/2055 | 0.71% | |
| COLORADO ST HLTH FACS AUTH REV Variable rate, due 11/15/2060 | 0.64% | |
| WHITING IN ENVRNMNTL FACS REV Variable rate, due 11/01/2045 | 0.64% | |
| MOBILE AL INDL DEV BRD POLL CONTROL Variable rate, due 06/01/2034 | 0.62% | |
| EFFINGHAM CNTY GA INDL DEV AUTH Variable rate, due 02/01/2038 | 0.62% | |
| UTAH CNTY UT HOSP REVENUE Variable rate, due 05/15/2058 | 0.62% | |
| PINELLAS CNTY FL HSG FIN AUTH MF HSG REV Variable rate, due 10/01/2043 | 0.62% | |
| and 569 more | ||
First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF is an exchange traded fund launched and managed by First Trust Advisors L.P. It invests in the fixed income markets of the United States. The fund invests in the municipal debt securities issued by or on behalf of states, territories or possessions of the U.S. and the District of Columbia and their political subdivisions, agencies, authorities and other instrumentalities and with a weighted average duration between 1 and 3 years. It invests in investment grade securities that are rated as at least BBB- by S&P and Fitch and at least Baa3 by Moody’s. The fund seeks to benchmark the performance of its performance against the Bloomberg Municipal Short (1-5) Year Index and the Bloomberg Municipal Bond Index. First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF was formed on November 1, 2018 and is domiciled in the United States.
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