First Trust Short Duration Managed Municipal ETF (FSMB)
FSMB is an actively managed ETF by First Trust. FSMB launched on Nov 1, 2018 and has a 0.45% expense ratio.
ETF Info
Nov 1, 2018
North America (U.S.)
1x
No Index (Active)
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in First Trust Short Duration Managed Municipal ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
First Trust Short Duration Managed Municipal ETF had a return of 2.25% year-to-date (YTD) and 4.36% in the last 12 months.
FSMB
2.25%
-0.29%
2.09%
4.36%
1.40%
N/A
^GSPC (Benchmark)
23.08%
0.10%
10.70%
30.05%
13.52%
11.11%
Monthly Returns
The table below presents the monthly returns of FSMB, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.07% | 0.10% | -0.07% | -0.24% | -0.02% | 0.66% | 0.88% | 0.67% | 0.40% | -0.40% | 2.25% | ||
| 2023 | 1.32% | -1.27% | 1.24% | -0.11% | -0.51% | 0.51% | 0.16% | -0.29% | -1.03% | -0.02% | 2.23% | 1.33% | 3.54% |
| 2022 | -1.50% | -0.35% | -1.41% | -1.13% | 0.72% | -0.44% | 1.22% | -1.05% | -1.59% | -0.24% | 1.98% | 0.03% | -3.75% |
| 2021 | 0.46% | -0.45% | 0.37% | 0.38% | 0.16% | 0.20% | 0.30% | -0.01% | -0.20% | -0.10% | 0.13% | -0.06% | 1.20% |
| 2020 | 0.91% | 0.47% | -2.66% | -0.38% | 1.52% | 1.43% | 0.88% | -0.15% | 0.39% | -0.08% | 0.66% | 0.54% | 3.52% |
| 2019 | 0.34% | 0.29% | 0.55% | 0.10% | 0.56% | 0.54% | 0.57% | 0.47% | -0.03% | 0.19% | 0.09% | 0.21% | 3.95% |
| 2018 | 0.46% | 0.46% |
Expense Ratio
FSMB features an expense ratio of 0.45%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FSMB is 75, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for First Trust Short Duration Managed Municipal ETF (FSMB) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
First Trust Short Duration Managed Municipal ETF provided a 2.79% dividend yield over the last twelve months, with an annual payout of $0.56 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.56 | $0.48 | $0.29 | $0.25 | $0.37 | $0.47 | $0.04 |
Dividend yield | 2.79% | 2.40% | 1.48% | 1.22% | 1.80% | 2.28% | 0.19% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Short Duration Managed Municipal ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.47 | |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.04 | $0.04 | $0.29 |
| 2021 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2020 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2018 | $0.04 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Short Duration Managed Municipal ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Short Duration Managed Municipal ETF was 6.32%, occurring on Mar 20, 2020. Recovery took 80 trading sessions.
The current First Trust Short Duration Managed Municipal ETF drawdown is 0.45%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.32% | Mar 9, 2020 | 10 | Mar 20, 2020 | 80 | Jul 16, 2020 | 90 |
| -5.97% | Aug 11, 2021 | 304 | Oct 24, 2022 | 427 | Jul 9, 2024 | 731 |
| -0.93% | Feb 11, 2021 | 12 | Mar 1, 2021 | 32 | Apr 15, 2021 | 44 |
| -0.82% | Oct 3, 2024 | 25 | Nov 6, 2024 | — | — | — |
| -0.63% | Aug 12, 2020 | 11 | Aug 26, 2020 | 49 | Nov 4, 2020 | 60 |
Volatility
Volatility Chart
The current First Trust Short Duration Managed Municipal ETF volatility is 0.73%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.