---
ticker: "FTSM"
name: "First Trust Enhanced Short Maturity ETF"
url: "https://etf.net/etf/FTSM"
grade: "B"
score: 62
graded_at: "2026-10-12"
category: "Cash & Ultra-Short Income"
category_rank: "37 of 78"
methodology: "https://etf.net/methodology"
---

# FTSM: First Trust Enhanced Short Maturity ETF

Grade **B**, Score 62 of 100. Rank 37 of 78 in Cash & Ultra-Short Income.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 19 | 63 of 78 |
| Mission | 100 | 1 of 66 |
| Risk | 46 | 49 of 75 |
| Tradability | 76 | 15 of 78 |
| Holdings | 93 | 3 of 77 |
| Durability | 88 | 7 of 78 |

## Top holdings

The fund holds 736 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | AUTONATION INC 0%, due 10/13/2026 | 0.95% |
| 2 | — | TARGA RESOURCES CORP 0%, due 10/13/2026 | 0.90% |
| 3 | — | U.S. Treasury Note, 4.125%, due 06/30/2028 | 0.85% |
| 4 | — | ENERGY TRANSFER LP 0%, due 10/13/2026 | 0.75% |
| 5 | — | U.S. Treasury Note, 4.25%, due 07/31/2028 | 0.60% |
| 6 | — | U.S. Treasury Note, 4.125%, due 08/31/2028 | 0.53% |
| 7 | — | HUNTINGTON NATIONAL BANK Variable rate, due 04/12/2028 | 0.53% |
| 8 | — | T-MOBILE USA INC 3.75%, due 04/15/2027 | 0.52% |
| 9 | — | KINDER MORGAN INC 1.75%, due 11/15/2026 | 0.50% |
| 10 | — | WORKDAY INC 3.50%, due 04/01/2027 | 0.50% |
| 11 | — | CRH AMERICA FINANCE INC 3.40%, due 05/09/2027 | 0.48% |
| 12 | — | WILLIS NORTH AMERICA INC 4.65%, due 06/15/2027 | 0.46% |
| 13 | — | GILDAN ACTIVEWEAR INC 0%, due 10/13/2026 | 0.46% |
| 14 | — | SOLVENTUM CORP 5.45%, due 02/25/2027 | 0.46% |
| 15 | — | HUNTINGTON NATIONAL BANK Variable rate, due 05/17/2028 | 0.46% |
| 16 | — | Fannie Mae - CAS Series 2024-R05, Class 2A1, Variable rate, due 07/25/2044 | 0.46% |
| 17 | — | HYATT HOTELS CORP 5.75%, due 01/30/2027 | 0.45% |
| 18 | — | AON NORTH AMERICA INC 5.125%, due 03/01/2027 | 0.45% |
| 19 | — | FIFTH THIRD BANK NA Variable rate, due 01/28/2028 | 0.45% |
| 20 | — | ELEVANCE HEALTH INC 4.50%, due 10/30/2026 | 0.45% |
| 21 | — | FISERV INC 0%, due 10/13/2026 | 0.45% |
| 22 | — | ZIMMER BIOMET HOLDINGS 4.70%, due 02/19/2027 | 0.45% |
| 23 | — | BANK OF AMERICA CORP Variable rate, due 04/27/2028 | 0.45% |
| 24 | — | AMRIZE FINANCE US LLC 4.70%, due 04/07/2028 | 0.45% |
| 25 | — | AUTODESK INC 3.50%, due 06/15/2027 | 0.45% |
| 26 | — | ASHTEAD CAPITAL INC 4.375%, due 08/15/2027 | 0.44% |
| 27 | — | AMCOR FLEXIBLES NORTH AMERICA 4.80%, due 03/17/2028 | 0.44% |
| 28 | — | BROWN & BROWN INC 4.60%, due 12/23/2026 | 0.44% |
| 29 | — | O'REILLY AUTOMOTIVE INC 5.75%, due 11/20/2026 | 0.44% |
| 30 | — | CADENCE DESIGN SYS INC 4.20%, due 09/10/2027 | 0.44% |

Source: etf.net, https://etf.net/etf/FTSM. Please cite the page URL.