First Trust Short Duration Managed Municipal ETF
FSMB NYSE Arca
FSMB is an actively managed portfolio of US municipal debt with a targeted portfolio duration of 1 to 3 years. The fund seeks tax-exempt income and capital preservation. Unlike most competitors in the space, the fund isnt limited to investment-grade debt only, up to 35% of the portfolio may be in h...
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- Dividend yield
- 2.41% Trailing 12 months
- Volatility · 1Y
- 1.9% Low Risk
- Beta
- 0.02 vs the market
- 52-week range
- 19.3319.95
How FSMB has paid off
Price return over every period, and total return with dividends reinvested, set against price alone.
Return by period
Price · to Oct 30Total return vs price return
Price onlyOver 1 year, FSMB returned +3.5% with dividends reinvested — dividends added +2.4 pts to the price move.
How bumpy is the ride?
Return only means something next to the risk taken to earn it. Volatility, drawdowns and market sensitivity over 1 year.
Volatility
Annualized · 1YA typical year sees the price swing about ±2% around its trend.
Drawdown from peak
How far below its previous high the price has been Deepest fall −3.1% on Sep 29, 2026 — 215 days after the previous high
More than 5% below a high 0% of the time.
Market sensitivity
BetaA beta of 0.02 means FSMB has moved less than the market.
Trend & momentum
Where the price sits against its moving averages, and how stretched the recent move is.
Price vs moving averages
Downtrend- 12-day average19.68 +0.5%
- 26-day average19.63 +0.8%
- 50-day average19.63 +0.8%
- 200-day average19.64 +0.7%
The price is above 4 of 4 averages. The 50-day average is below the 200-day, a sign of a falling longer-term trend.
Relative strength (RSI)
OverboughtRSI compares recent gains with recent losses on a 0–100 scale. Above 70 a move is often considered stretched, below 30 washed out.
Technical indicators describe past prices. They are not a forecast.
What it pays you
Cash distributions over the last twelve months, and how they have grown.
About 24 USD a year for every 1,000 USD invested at today's price.
- Per share
- 0.48
- Last paid
- Oct 21, 2026
Last 12 months
0.48 USD / shareWhere FSMB shows up
Curated themes and indices that hold FSMB. Open one to see it in context, or test the whole theme in a portfolio.
About First Trust Short Duration Managed Municipal ETF
FSMB is an actively managed portfolio of US municipal debt with a targeted portfolio duration of 1 to 3 years. The fund seeks tax-exempt income and capital preservation. Unlike most competitors in the space, the fund isnt limited to investment-grade debt only, up to 35% of the portfolio may be in high-yield issues
- Featured in 2 curated themes
- Ticker
- FSMB
- Exchange
- NYSE Arca
- ISIN
- US33739P8308
- CUSIP
- 33739P830
- Currency
- U.S. Dollar (USD)
- Country
- USA
- Sector
- Municipals
- Industry
- Short Duration
- Benchmark
- ICE BofA US Municipal Securities (1-3 Y)
All key statistics
Details
Shareas of Oct 30, 2026
Dataas of Nov 2, 2026
Put FSMB to the test
See how it would change the return and the risk of a portfolio, with virtual money, before a single real dollar moves.
Data for information only, not investment advice. Past performance does not guarantee future results.