First Trust Enhanced Short Maturity ETF

Frequently Asked Questions About FTSM

What does FTSM invest in?

The FTSM, or First Trust Enhanced Short Maturity ETF, functions as an actively managed investment vehicle. Its primary mandate is to generate ongoing income, all while ensuring the protection of capital and providing robust daily liquidity.

What is the expense ratio of FTSM?

First Trust Enhanced Short Maturity ETF (FTSM) charges an expense ratio of 0.29%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FTSM?

First Trust Enhanced Short Maturity ETF (FTSM) manages $6.50B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FTSM actively managed or an index fund?

FTSM is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (FTSM's is 0.29%) in exchange for the discretion to over- or under-weight positions.

When was FTSM launched?

First Trust Enhanced Short Maturity ETF (FTSM) launched in August 2014 and is managed by First Trust.

How has FTSM performed?

FTSM's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.