# FSMB (First Trust Short Duration Managed Municipal ETF)

First Trust · Bond ETFs · Municipal, national, short · data as of Oct 2, 2026

FSMB is actively managed and returned +0.3% over the past year.

## Key facts

- FSMB, total return, 1 year: +0.3%, as of Oct 2, 2026.
- FSMB, expense ratio: 0.55%, as of Oct 2, 2026.
- FSMB, holdings: 575, as of Oct 2, 2026.
- FSMB, below its high: −1.8%, as of Oct 2, 2026.
- FSMB, net assets: $640m (issuer page, as of Oct 2, 2026).

## FSMB over each window to Oct 2, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −1.7% | +3.6% | −5.3 pts | −7.0 pts |
| 6 months | −0.8% | +17.9% | −18.7 pts | −29.2 pts |
| 1 year | +0.3% | +16.2% | −15.9 pts | −24.0 pts |
| 3 years | +10.4% | +89.3% | −78.9 pts | −104.4 pts |
| Since listing | +16.0% | +223.4% | −207.4 pts | −366.9 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| What it tracks | No index, actively managed | ETFIQ |
| Fund type | Bond fund | ETFIQ |
| Category | Bonds · Municipal, national, short | ETFIQ |
| Expense ratio | 0.55% | 485BPOS XBRL, Nov 28, 2025 |
| Price | $19.52 | ETFIQ |
| Listed since | Nov 27, 2018 | ETFIQ |
| Net assets | $640m | issuer page, as of Oct 2, 2026 |
| Below its high | −1.8% | ETFIQ |
| Holdings | 575 | ETFIQ |
| Top ten weight | 7.3% | ETFIQ |
| Holdings published for | Oct 2, 2026 | the issuer’s daily file |

## Questions

### How has FSMB performed?

Over the year to Oct 2, 2026, FSMB returned +0.3% with distributions reinvested, against +16.2% for the S&P 500. Over three years the figure is +10.4%.

### What does FSMB cost?

The prospectus expense ratio is 0.55% a year.

### How far is FSMB below its high?

1.8% below its high of Aug 13, 2026, measured on the reinvested series to Oct 2, 2026.


## Cite this page

ETFIQ, FSMB, data as of Oct 2, 2026. https://etfiq.com/funds/fsmb
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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