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First Trust Short Duration Managed Municipal ETF
FSMB (First Trust Short Duration Managed Municipal ETF) is an index Short Term Fixed Income ETF by First. With a 0.34% MER, it provides diversified exposure through 454 holdings. Monthly distribution with a 3.13% yield.
FSMB by First is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.34% MER, its fees are in line with category averages. It pays a monthly distribution with a 3.13% yield, making it attractive for income-seeking investors.
This ETF is suited for investors seeking stability and capital preservation. It can serve as a defensive component in a diversified portfolio or as a temporary cash parking option.