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First Trust Short Duration Managed Municipal ETF (FSMB)

20.03 +0.02 (+0.10%)
As of 12:02 PM EDT. Market Open.

ETF Summary

Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes. The municipal securities in which the fund invests may be fixed, variable or floating-rate securities.

Risk Overview

Performance & Risk

YTD Return 2.20%
5y Average Return 1.36%
Rank in Category (ytd) --
% Rank in Category (ytd) --
Beta (5Y Monthly) 0.40
Morningstar Risk Rating --

Risk Statistics

3 Years5 Years10 Years
FSMBCategory AverageFSMBCategory AverageFSMBCategory Average
Alpha -1.58 -1.42 -0.48 -0.86 0 -0.82
BETA 0.4 0.33 0.44 0.35 0 0.37
Mean Annual Return 0.05 0.06 0.12 0.1 0 0.1
R-squared 95.64 83.29 90.36 80.09 0 80.08
Standard Deviation 3.17 2.72 3 2.48 0 2.05
Sharpe Ratio -1.04 -1.52 -0.33 -0.71 0 -0.38
Treynor Ratio -8.11 -1.85 -2.39 -8.22 0 0.77

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