FSMBFIRST TRUST SHORT DURATION MANAGED MUNICIPAL ETF
FIRST TRUST SHORT DURATION MANAGED MUNICIPAL ETF
$19.87-0.25% today
19.812052-WK
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN
The desk’s read
Flows are quiet — the past month netted out near zero, while the price has returned -0.9% so far this year.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
$429Massets under management
—expense ratio
—net flow, trailing month
129Kavg daily volume, 30 days
1holdings · US-domiciled
2024listed January 14, 2024 · beta 0.03
Sector weights
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
| 1 week | -0.5% |
| 1 month | +0.3% |
| 3 months | -0.2% |
| 6 months | -1.8% |
| YTD | -0.9% |
| 1 year | -0.6% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | — |
| 1 year | — |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
The risk read
2%realized volatility, 30 days (annualized)
2%realized volatility, 1 year
-2.1%deepest fall from a peak, 1 year
-1.8%where it sits vs. that peak today
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Options tape
—calls today
—puts today
—put/call ratio
108Kshares traded
The case against FSMB
Due diligence cuts both ways. These funds sit on the same shelf and beat FSMB on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| IJH iShares Core S&P Mid-Cap ETF | 0.05% | $128.4B | +$547M | 299× the assets · +$547M in over the month | Head-to-head |
| SGOV iShares 0-3 Month Treasury Bond ETF | 0.07% | $103.2B | +$4.7B | 241× the assets · +$4.7B in over the month | Head-to-head |
| MUB iShares National Muni Bond ETF | 0.05% | $45.8B | +$585M | 107× the assets · +$585M in over the month | Head-to-head |
| TLT iShares 20+ Year Treasury Bond ETF | 0.15% | $45.4B | +$4B | 106× the assets · +$4B in over the month | Head-to-head |
| GOVT iShares U.S. Treasury Bond ETF | 0.05% | $43.8B | +$304M | 102× the assets · +$304M in over the month | Head-to-head |