First Trust Short Duration Managed Municipal ETF (FSMB) ETF
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First Trust Short Duration Managed Municipal ETF (FSMB) ETF Bio
The Fund seeks to provide federally tax-exempt income consistent with capital preservation. It invests at least 80% of its net assets in municipal debt securities that pay interest that is exempt from regular federal income taxes. It seeks to construct a portfolio that has a weighted average duration of 1-3 years.