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Morningstar

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 People Pillar and Process 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-highest 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 0
  • Bond Holdings 503
  • Other Holdings 14
  • % Assets in Top 10 Holdings 9.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Interest/Overdraft

1.22
4,902,916
Cash and Equivalents

MIAMI-DADE CNTY FLA SEAPORT REV 5%

1.08
4,330,952
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

1.06
4,240,039
municipal

UNIVERSITY TEX PERM UNIV FD 5%

1.05
4,210,852
municipal

PUBLIC FIN AUTH WIS POLLUTION CTL REV 3.3%

1.00
3,995,959
municipal

HENNEPIN CNTY MINN SALES TAX REV 5%

0.92
3,693,925
municipal

ROCKPORT IND POLLUTION CTL REV 3.05%

0.89
3,566,056
municipal

NORTH CAROLINA MED CARE COMMN HOSP REV 5%

0.86
3,446,421
municipal

BURKE CNTY GA DEV AUTH POLLUTN CTL REV 3.35%

0.77
3,100,000
municipal

HALIFAX HOSP MED CTR FLA HOSP REV 5%

0.74
2,982,445
municipal