First Trust Short Duration Managed Municipal ETF

Frequently Asked Questions About FSMB

What are the top holdings of FSMB?

First Trust Short Duration Managed Municipal ETF holds 582 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.

How many holdings does FSMB have?

FSMB holds 582 positions as reported by the fund's most recent disclosure.

What sectors does FSMB invest in?

First Trust Short Duration Managed Municipal ETF (FSMB) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.

What sector is FSMB most exposed to?

FSMB's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.

Is FSMB a US-only fund?

The country allocation card on this page shows FSMB's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.

What does FSMB invest in?

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.