First Trust Enhanced Short Maturity ETF
$59.63+0.02 (+0.03%)
- 0.29%
- $6.7B
- +3.5%
- 4.09%
- 0.7M sh
- $59.61
- low $59.49high $60.91
The ETF.net FTSM Grade
B
Score 62 out of 100
- 37 of 78
Score 62 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F19 out of 100Rank 63 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 66Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 49 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A76 out of 100Rank 15 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A93 out of 100Rank 3 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A88 out of 100Rank 7 of 78
Our read on FTSM
BA 2014-vintage active take on the cash-parking shelf: First Trust's managers roam short-duration investment-grade debt across sectors instead of tracking an index, chasing current income while preserving capital and keeping daily liquidity.
The fund seeks current income while preserving capital and maintaining daily liquidity. It is actively managed and invests in short-duration, primarily U.S.-dollar-denominated, investment-grade securities across a broad range of asset classes.
Why people hold it
- No index to follow. The team picks short-duration, mostly US-dollar investment-grade paper across a broad range of asset classes, aiming for current income with capital preservation and daily liquidity.ftportfolios.com
- Live since 2014, it has run through an entire rate cycle and grown into a multi-billion-dollar fund that trades actively, so entering and exiting is generally straightforward.
- Roughly 400 positions keep any single issuer a small slice of the pot, and income is paid out monthly rather than quarterly.
Worth knowing
- Active management carries an active price: 0.29% a year against a 0.20% median for cash-alternative peers. ICSH charges 0.08% and JPST 0.18% for a similar job.
- You are buying a manager's credit and duration calls, not a rulebook. Two ultra-short funds can hold quite different paper and behave differently in a stressed market.
- It is a 1940 Act ETF, not a money market fund or a bank deposit. The share price can move, and preserving capital is a stated goal rather than a promise.ftportfolios.com
FTSM Holdings
- Other
- 736
- 7%
- AUTONATION INC 0%, due 10/13/2026
Sectors
- Real Estate100.0%
Geography
- United States88.10%
- Canada6.98%
- United Kingdom1.79%
- Netherlands1.05%
- Ireland0.78%
- Denmark0.60%
- Sweden0.58%
- Norway0.12%
FTSM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FTSM$10,347
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FTSM |
|---|---|
| Year to date | +2.6% |
| 1 month | +0.2% |
| 3 months | +0.7% |
| 1 year | +3.5% |
| 3 years | +4.6% |
| 5 years | +3.7% |
| 10 years | +2.6% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FTSM |
|---|---|---|
| 2026 YTD | +2.6% | |
| 2025 | +4.7% | |
| 2024 | +5.2% | |
| 2023 | +5.1% | |
| 2022 | +1.0% | |
| 2021 | 0.0% | |
| 2020 | +1.1% |
FTSM in the news
FTSM Dividends
- 4.09%
- $2.44
- $0.21 per share
- Monthly
Distribution history
FTSM Risk
- 0.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.15
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −0.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.05
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FTSM Cost
0.29%
FTSM0.29%
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
62 of the 78 Cash & Ultra-Short Income funds charge less.
Other funds in Cash & Ultra-Short Income
- BNUSBNuveen Ultra Short IncomeExpense ratio 0.17%1 year return +3.8%
- BOBILUS Treasury 12 Month Bill ETFExpense ratio 0.15%1 year return +3.1%
- BCBILCorgi ETF Trust I - Corgi 3-12 Month T-Bill ETFExpense ratio 0.05%1 year return —
- BVNLAJanus Henderson Short Duration Income ETFExpense ratio 0.25%1 year return +3.6%
- BDLUXDoubleLine Ultrashort Income ETFExpense ratio 0.18%1 year return —