FSMB First Trust Short Duration Managed Municipal ETF
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.
Performance
| 1M | 3M | YTD | 1Y | 3Y ann. | 5Y ann. | |
|---|---|---|---|---|---|---|
| FSMB | +1.4% | -0.1% | +1.4% | +1.8% | +3.3% | +1.5% |
| Municipal Bond average (26 funds) | +2.3% | -1.4% | -1.1% | -1.0% | +1.5% | -0.0% |
Insider activity in the holdings
Open-market insider buying across this fund’s holdings over 90 days, weighted by holding weight: +$0 net.
No open-market insider buys in the holdings in the last 90 days.
Holdings · as of Nov 12, 2026
| # | Holding | Weight |
|---|---|---|
| 1 | FSMB KENTUCKY ST PUBLIC ENERGY AUTH Variable rate, due 06/01/2055 | 0.84% |
Sector breakdown
Country breakdown
Distributions
| Date | Per unit |
|---|---|
| Oct 21, 2026 | $0.0540 |
| Sep 24, 2026 | $0.0540 |
| Aug 21, 2026 | $0.0530 |
| Jul 21, 2026 | $0.0530 |
| Jun 25, 2026 | $0.0530 |
| May 21, 2026 | $0.0530 |
| Apr 21, 2026 | $0.0530 |
| Mar 26, 2026 | $0.0530 |
| Feb 20, 2026 | $0.0530 |
| Jan 21, 2026 | $0.0530 |
| Dec 12, 2025 | $0.0520 |
| Nov 21, 2025 | $0.0520 |
| Oct 21, 2025 | $0.0520 |
| Sep 25, 2025 | $0.0520 |
| Aug 21, 2025 | $0.0520 |
| Jul 22, 2025 | $0.0520 |
| Jun 26, 2025 | $0.0520 |
| May 21, 2025 | $0.0510 |
| Apr 22, 2025 | $0.0510 |
| Mar 27, 2025 | $0.0510 |
| Feb 21, 2025 | $0.0510 |
| Jan 22, 2025 | $0.0510 |
| Dec 13, 2024 | $0.0500 |
| Nov 21, 2024 | $0.0500 |
| Oct 22, 2024 | $0.0500 |
| Sep 26, 2024 | $0.0500 |
| Aug 21, 2024 | $0.0490 |
| Jul 23, 2024 | $0.0480 |
| Jun 27, 2024 | $0.0480 |
| May 21, 2024 | $0.0470 |
| Apr 23, 2024 | $0.0470 |
| Mar 21, 2024 | $0.0460 |
| Feb 21, 2024 | $0.0440 |
| Jan 23, 2024 | $0.0430 |
| Dec 22, 2023 | $0.0420 |
| Nov 21, 2023 | $0.0420 |
| Oct 24, 2023 | $0.0420 |
| Sep 22, 2023 | $0.0420 |
| Aug 22, 2023 | $0.0420 |
| Jul 21, 2023 | $0.0410 |
Members of Congress who disclosed this ETF
No member of Congress has disclosed a trade in FSMB in the filings we hold.
Fund facts, prices, performance and distributions: our market-data vendor. Holdings: the vendor and SEC Form N-PORT. Insider and Congress data: InsiderBuying. Last updated Nov 13, 2026. This is historical data, not investment advice. Report a data error
