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FSMB · ARCA · ETF

First Trust Short Duration Managed Municipal ETF (FSMB) Price, Holdings & Fees

$450.41−1.22%−$5.56End-of-day price as of Oct 9, 2026

First Trust Short Duration Managed Municipal ETF (FSMB) closed at $450.41 on Oct 9, 2026, down 1.22% from the previous close of $455.97.

Share price, past year

1Y +10.85%

52-week range $403.80 – $509.22. Daily closing prices.
Monthly closing prices
Last closing price of each month
DateClose
Oct 9, 2026$450.41
Sep 30, 2026$463.01
Aug 31, 2026$455.29
Jul 31, 2026$438.37
Jun 30, 2026$434.06
May 29, 2026$482.52
Apr 30, 2026$483.29
Mar 31, 2026$497.36
Feb 27, 2026$493.30
Jan 30, 2026$490.20
Dec 31, 2025$462.13
Nov 28, 2025$432.29
Oct 31, 2025$410.93

Key statistics

Expense ratio
0.55%
as of Jul 31, 2025
Net assets
$621.7M
as of Jul 31, 2026
Holdings
551
as of Jul 31, 2026
52-week range
$403.80 – $509.22

First Trust Short Duration Managed Municipal ETF's expense ratio is 0.55%: $55.00 a year on $10,000 invested.

Holdings

First Trust Short Duration Managed Municipal ETF held 551 investments worth $621.73M as of Jul 31, 2026. Its largest holding was SOUTHEAST ENERGY AUTHORITY (AL), at 1.01% of the fund.

First Trust Short Duration Managed Municipal ETF largest holdings by share of net assets
#Holding% of fundValue
1SOUTHEAST ENERGY AUTHORITY (AL)1.01%$6.27M
2OHIO AIR QUALITY DEVELOPMENT AUTHORITY (OH)0.77%$4.80M
3DALLAS & FORT WORTH CITIES TEXAS INTERNATIONAL AIRPORT (TX)0.69%$4.30M
4PUBLIC FINANCE AUTHORITY (WI)0.69%$4.28M
5COLORADO HEALTH FACILITIES AUTHORITY (CO)0.68%$4.22M
6MARATHON OIL CORP0.66%$4.08M
7UTAH (UT), COUNTY OF0.64%$4.00M
8PUBLIC ENERGY AUTHORITY OF KENTUCKY (KY)0.63%$3.92M
9MAIN STR ENERGY INC GA0.62%$3.84M
10BURKE COUNTY DEVELOPMENT AUTHORITY (GA)0.61%$3.80M
11PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY (FL)0.60%$3.72M
12NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY (NY)0.56%$3.50M
13PUBLIC ENERGY AUTHORITY OF KENTUCKY (KY)0.56%$3.46M
14BLACK BELT ENERGY GAS DISTRICT (THE) (AL)0.55%$3.41M
15BLACK BELT ENERGY GAS DIST ALA0.54%$3.38M
16NEW MEXICO MUNICIPAL ENERGY ACQUISITION AUTHORITY (NM)0.54%$3.35M
17MIAMI-DADE CNTY FLA0.52%$3.21M
18WHITING (IN), CITY OF0.50%$3.13M
19NEW YORK STATE HOUSING FINANCE AGENCY (NY)0.50%$3.10M
20CALIFORNIA MUNICIPAL FINANCE AUTHORITY (CA)0.49%$3.02M
21MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION (MD)0.48%$3.01M
22ILLINOIS DEVELOPMENT FINANCE AUTHORITY (IL)0.48%$3.00M
23INDIANA ST FIN AUTH0.48%$3.00M
24NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY (NY)0.48%$3.00M
25NORTH CAROLINA HOUSING FINANCE AGENCY (NC)0.46%$2.89M

Top 25 of 551 holdings, as of Jul 31, 2026. Percentages are of the fund's net assets.

What the fund owns

First Trust Short Duration Managed Municipal ETF holdings by asset type
Asset type% of fund
Bonds and other debt99.02%
First Trust Short Duration Managed Municipal ETF holdings by country, largest 1
Country% of fund
United States99.02%

Shares of net assets from the fund's N-PORT report. Funds that borrow can add up to more than 100%, with borrowing (such as repurchase agreements) shown as a negative share.

Monthly total returns

Over the 3 months to Jul 31, 2026, First Trust Short Duration Managed Municipal ETF's total return was +0.25%, as reported to the SEC.

First Trust Short Duration Managed Municipal ETF monthly total returns
MonthTotal return
Jul 31, 2026−0.44%
Jun 30, 2026+0.42%
May 31, 2026+0.27%

The fund's own total returns as reported to the SEC (N-PORT), including reinvested distributions. Not the sample prices above.

Fund profile

Name
First Trust Short Duration Managed Municipal ETF
Ticker
FSMB
Exchange
ARCA
Fund type
ETF
Trust
FIRST TRUST EXCHANGE-TRADED FUND III
SEC series ID
S000063445
SEC CIK
0001424212
Fractional shares
Yes

Recent SEC filings

Shareholder reports and prospectuses are filed by FIRST TRUST EXCHANGE-TRADED FUND III, the trust behind First Trust Short Duration Managed Municipal ETF, and cover all of its funds.

Frequently asked questions

What is FSMB's price?

First Trust Short Duration Managed Municipal ETF (FSMB) closed at $450.41 on Oct 9, 2026, down 1.22% from the previous close of $455.97.

What is FSMB's expense ratio?

First Trust Short Duration Managed Municipal ETF's expense ratio is 0.55%: $55.00 a year on $10,000 invested.

What does FSMB hold?

First Trust Short Duration Managed Municipal ETF held 551 investments worth $621.73M as of Jul 31, 2026. Its largest holding was SOUTHEAST ENERGY AUTHORITY (AL), at 1.01% of the fund. Its five largest holdings were SOUTHEAST ENERGY AUTHORITY (AL), OHIO AIR QUALITY DEVELOPMENT AUTHORITY (OH), DALLAS & FORT WORTH CITIES TEXAS INTERNATIONAL AIRPORT (TX), PUBLIC FINANCE AUTHORITY (WI), COLORADO HEALTH FACILITIES AUTHORITY (CO).

How has FSMB performed?

Over the 3 months to Jul 31, 2026, First Trust Short Duration Managed Municipal ETF's total return was +0.25%, as reported to the SEC.

Sources and methodology

Holdings, net assets and monthly returns come from the fund's N-PORT filing with the SEC, as of Jul 31, 2026 (filed Sep 22, 2026). The expense ratio is from the fund's prospectus or shareholder report, as of Jul 31, 2025. Prices are generated sample data for development. Data sources and disclosures