Key stats
About First Trust Enhanced Short Maturity ETF
Home page
Inception date
Aug 5, 2014
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
FTSM is an actively managed fund that primarily invests in a variety of USD-denominated fixed-income securities for capital preservation and income generation. The fund selects securities for the portfolio by evaluating fixed income sectors and macro market trends while completing bottom-up analysis of individual securities. The portfolio allocates most of its assets to investment grade securities but rather than holding solely investment-grade securities, FTSM reaches into bank loans often rated as non-investment grade for additional yield. The Fund may also invest in fixed income securities issued by non-U.S. corporations and governments and at least 20% may be invested in privately-issued mortgage- and asset-backed securities or in floating rate loans by companies or other entities from banks and other lenders. The fund targets an average maturity of less than three years.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Securitized
Cash
Bonds, Cash & Other100.00%
Corporate64.05%
Securitized18.91%
Cash13.48%
Government3.02%
Miscellaneous0.54%
Stock breakdown by region
North America95.47%
Europe4.53%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FTSM invests in bonds. The fund's major sectors are Corporate, with 64.05% stocks, and Securitized, with 18.91% of the basket. The assets are mostly located in the North America region.
FTSM last dividends amounted to 0.23 USD. The month before, the issuer paid 0.21 USD in dividends, which shows a 6.37% increase.
FTSM assets under management is 6.40 B USD. It's fallen 1.24% over the last month.
FTSM fund flows account for 47.71 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FTSM pays dividends to its holders with the dividend yield of 4.64%. The last dividend (Jun 3, 2025) amounted to 0.23 USD. The dividends are paid monthly.
FTSM shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Aug 5, 2014, and its management style is Active.
FTSM expense ratio is 0.45% meaning you'd have to pay 0.45% of your investment to help manage the fund.
FTSM follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FTSM invests in bonds.
FTSM price has fallen by −0.02% over the last month, and its yearly performance shows a 0.32% increase. See more dynamics on FTSM price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.45% over the last month, showed a 1.09% increase in three-month performance and has increased by 5.09% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.45% over the last month, showed a 1.09% increase in three-month performance and has increased by 5.09% in a year.
FTSM trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.