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First Trust Short Dur Mgd Muncpl ETF FSMB

Morningstar Medalist Rating
Medalist Rating as of | See First Trust Investment Hub

Morningstar’s Analysis FSMB

Will FSMB outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FSMB’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FSMB management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FSMB’s parent organization’s priorities and whether they’re in line with investors’ interests.

First Trust Short Dur Mgd Muncpl ETF's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FSMB

More FSMB Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%

1.08 4.5 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

1.03 4.3 Mil
municipal

MIAMI-DADE CNTY FLA SEAPORT REV 5%

1.02 4.2 Mil
municipal

UNIVERSITY TEX PERM UNIV FD 5%

1.00 4.1 Mil
municipal

Cash

0.99 4.1 Mil
Cash and Equivalents

PUBLIC FIN AUTH WIS POLLUTION CTL REV 3.3%

0.95 3.9 Mil
municipal

HENNEPIN CNTY MINN SALES TAX REV 5%

0.88 3.6 Mil
municipal

ROCKPORT IND POLLUTION CTL REV 3.05%

0.87 3.6 Mil
municipal

NORTH CAROLINA MED CARE COMMN HOSP REV 5%

0.85 3.5 Mil
municipal

OHIO ST AIR QUALITY DEV AUTH REV 4.25%

0.75 3.1 Mil
municipal