FSMB Performance — First Trust Short Duration Managed Municipal ETF
Data updated: 2026-10-13
FSMB returned +1.01% year to date and +2.79% over one year to Jul 2026. Annualised returns are +3.23% over 3 years and +1.36% over 5 years. Against its Short-Term Municipal Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $110, against $110 for the category, and to $103 over one year, against $103. Volatility over the past three years was 2.17% a year. In the 12 months to Jul 2026 the fund took in a net $152.5M, and assets reached $621.73M.
FSMB Growth of $100
What $100 invested in First Trust Short Duration Managed Municipal ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Municipal Bond category average over the same months.
| Period | FSMB | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $103 | $103 |
| 3 years (Aug 2023 – Jul 2026) | $110 | $110 |
| 5 years (Aug 2021 – Jul 2026) | $107 | $108 |
| Since data start (Aug 2019 – Jul 2026) | $113 | $112 |
FSMB Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.01% |
| 1 year | +2.79% |
| 3 years (annualised) | +3.23% |
| 5 years (annualised) | +1.36% |
FSMB Annual Returns
Calendar-year total returns of First Trust Short Duration Managed Municipal ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.01% |
| 2025 | +4.18% |
| 2024 | +2.39% |
| 2023 | +3.45% |
| 2022 | −3.85% |
| 2021 | +1.39% |
| 2020 | +3.49% |
| 2019 (Aug–Dec) | +0.84% |
FSMB Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.7% | +0.7% | −1.1% | +0.4% | +0.3% | +0.4% | −0.4% | — | — | — | — | — |
| 2025 | +0.6% | +0.6% | −0.2% | −0.3% | +0.6% | +0.7% | +0.5% | +0.6% | +0.6% | +0.1% | +0.2% | +0.3% |
| 2024 | 0.0% | +0.1% | +0.1% | −0.4% | 0.0% | +0.8% | +0.7% | +0.8% | +0.5% | −0.5% | +0.6% | −0.4% |
| 2023 | +1.2% | −1.2% | +1.2% | −0.1% | −0.4% | +0.5% | +0.2% | −0.2% | −1.0% | −0.1% | +2.3% | +1.1% |
| 2022 | −1.5% | −0.4% | −1.4% | −1.1% | +0.7% | −0.4% | +1.2% | −1.1% | −1.6% | −0.1% | +1.7% | +0.2% |
| 2021 | +0.5% | −0.5% | +0.4% | +0.4% | +0.2% | +0.1% | +0.4% | −0.1% | −0.3% | 0.0% | +0.2% | 0.0% |
| 2020 | +0.9% | +0.5% | −2.7% | −0.1% | +1.8% | +0.9% | +0.9% | +0.1% | +0.1% | 0.0% | +0.7% | +0.5% |
| 2019 | — | — | — | — | — | — | — | +0.4% | −0.2% | +0.3% | +0.1% | +0.2% |
FSMB Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 2.17%
- 3-year Sharpe ratio: -0.58 (vs 4.5% risk-free rate)
- Best month: +2.34% (Nov 2023)
- Worst month: −1.07% (Mar 2026)
FSMB Fund Flows
Monthly money in and out of First Trust Short Duration Managed Municipal ETF, from SEC Form N-PORT.
- 12-month net flow: $152.5M
- 12-month gross sales (incl. reinvestments): $161.5M
- Sales ÷ redemptions: 17.94×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $5.0M | $5.0M | −$20K |
| Jun 2026 | $14.0M | $0 | $14.0M |
| May 2026 | $12.0M | $0 | $12.0M |
| Apr 2026 | $16.0M | $2.0M | $14.0M |
| Mar 2026 | $19.1M | $0 | $19.1M |
| Feb 2026 | $32.3M | $0 | $32.3M |
| Jan 2026 | $24.1M | $0 | $24.1M |
| Dec 2025 | $15.0M | $2.0M | $13.0M |
| Nov 2025 | $8.0M | $0 | $8.0M |
| Oct 2025 | $4.0M | $0 | $4.0M |
| Sep 2025 | $6.0M | $0 | $6.0M |
| Aug 2025 | $6.0M | $0 | $6.0M |
FSMB Assets Under Management
Net assets of First Trust Short Duration Managed Municipal ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $621.73M |
| 2026-04-30 | $599.11M |
| 2026-01-31 | $538.12M |
| 2025-10-31 | $491.09M |
| 2025-07-31 | $472.56M |
| 2025-04-30 | $447.33M |
| 2025-01-31 | $441.67M |
| 2024-10-31 | $414.48M |
| 2024-07-31 | $419.17M |
| 2024-04-30 | $411.20M |
| 2024-01-31 | $419.59M |
| 2023-10-31 | $393.66M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.