FSMBETF / FundFirst Trust Short Duration Managed Municipal ETF
Verdicts genuinely change. Free email alert the moment FSMB's does — no target price to set, unlike a price alert.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
First Trust Short Duration Managed Municipal ETF · First Trust Exchange-Traded Fund III
551 holdings · as of 2026-07-31 (3.3 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
UNVERIFIED None of this fund's 551 holdings are companies in our screened equity universe. Our look-through screens equities, so it does not apply to a fund holding bonds, sukuk or other instruments — this is not a gap in our data about the fund.
Largest holdings: SOUTHEAST ENERGY AUTHORITY (AL), OHIO AIR QUALITY DEVELOPMENT AUTHORITY (OH), DALLAS & FORT WORTH CITIES TEXAS INTERNATIONAL AIRPORT (TX), PUBLIC FINANCE AUTHORITY (WI), COLORADO HEALTH FACILITIES AUTHORITY (CO).
551 holdings, 3 matched (1% of weight). Portfolio as of 2026-07-31, filed 2026-09-22. Source: SEC Form N-PORT.
0.00% of this portfolio’s income is non-permissible — weighted across holdings, computed over 1% of portfolio weight (3 of 551 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
Portfolio shares are withheld: coverage is below the floor needed to state one. The holdings themselves are below, because the names are evidence you can check.
All holdings (551) · showing 501–551
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| LAS VEGAS (NV), CITY OF | UNSCREENED | 0.04% | no in-house ratios for this holding |
| OLD HICKORY CMNTY DEV DIST FLA | UNSCREENED | 0.04% | no in-house ratios for this holding |
| SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY (SC) | UNSCREENED | 0.04% | no in-house ratios for this holding |
| HYDE PK CMNTY DEV DIST 1 FLA | UNSCREENED | 0.03% | no in-house ratios for this holding |
| EDGEWATER EAST COMMUNITY DEVELOPMENT DISTRICT (FL) | UNSCREENED | 0.03% | no in-house ratios for this holding |
| HOUSTON (TX), CITY OF | UNSCREENED | 0.03% | no in-house ratios for this holding |
| TENNESSEE HOUSING DEVELOPMENT AGENCY (TN) | UNSCREENED | 0.03% | no in-house ratios for this holding |
| SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY (SC) | UNSCREENED | 0.03% | no in-house ratios for this holding |
| OAK POINT TEX | UNSCREENED | 0.03% | no in-house ratios for this holding |
| TWO RIVS WEST CMNTY DEV DIST FLA | UNSCREENED | 0.03% | no in-house ratios for this holding |
| RALEIGH-DURHAM AIRPORT AUTHORITY (NC) | UNSCREENED | 0.03% | no in-house ratios for this holding |
| ARLINGTON HIGHER EDUCATION FINANCE CORP (TX) | UNSCREENED | 0.03% | no in-house ratios for this holding |
| MICHIGAN FINANCE AUTHORITY (MI) | UNSCREENED | 0.02% | no in-house ratios for this holding |
| ARLINGTON HIGHER EDUCATION FINANCE CORP (TX) | UNSCREENED | 0.02% | no in-house ratios for this holding |
| MINNESOTA ST HSG FIN AGY | UNSCREENED | 0.02% | no in-house ratios for this holding |
| VILLAMAR CMNTY DEV DIST FLA | UNSCREENED | 0.02% | no in-house ratios for this holding |
| TENNESSEE ENERGY ACQUISITION CORP (TN) | UNSCREENED | 0.02% | no in-house ratios for this holding |
| NEVADA STATE DEPARTMENT OF BUSINESS AND INDUSTRY (NV) | UNSCREENED | 0.02% | no in-house ratios for this holding |
| MIAMI-DADE (FL), COUNTY OF | UNSCREENED | 0.02% | no in-house ratios for this holding |
| CLARK COUNTY SCHOOL DISTRICT (NV) | UNSCREENED | 0.02% | no in-house ratios for this holding |
| PUBLIC FIN AUTH WIS | UNSCREENED | 0.02% | no in-house ratios for this holding |
| WASHINGTON STATE HOUSING FINANCE COMMISSION (WA) | UNSCREENED | 0.02% | no in-house ratios for this holding |
| PUERTO RICO SALES TAX FINANCING CORP | UNSCREENED | 0.02% | no in-house ratios for this holding |
| CROSS CREEK NORTH CMNTY DEV DIST FLA | UNSCREENED | 0.02% | no in-house ratios for this holding |
| LTC RANCH WEST RESIDENTIAL CMNTY DEV DIST FLA | UNSCREENED | 0.02% | no in-house ratios for this holding |
| TIMBER CREEK SOUTHWEST CMNTY DEV DIST FLA | UNSCREENED | 0.02% | no in-house ratios for this holding |
| ORANGE CNTY CALIF CMNTY FACS DIST | UNSCREENED | 0.02% | no in-house ratios for this holding |
| ORANGE CNTY CALIF CMNTY FACS DIST | UNSCREENED | 0.02% | no in-house ratios for this holding |
| MAIN STREET NATURAL GAS INC (GA) | UNSCREENED | 0.02% | no in-house ratios for this holding |
| CRANDALL TEX | UNSCREENED | 0.02% | no in-house ratios for this holding |
| WASHINGTON HEALTH CARE FACILITIES AUTHORITY (WA) | UNSCREENED | 0.02% | no in-house ratios for this holding |
| VERMONT ECONOMIC DEV AUTH | UNSCREENED | 0.02% | no in-house ratios for this holding |
| FOLSOM RANCH FINANCING AUTHORITY (CA) | UNSCREENED | 0.02% | no in-house ratios for this holding |
| SAN LUIS OBISPO CITY COMMUNITY FACILITIES DISTRICT N.2019-1 (CA) | UNSCREENED | 0.02% | no in-house ratios for this holding |
| LAS VEGAS NEV SPL IMPT DIST NO 819 | UNSCREENED | 0.02% | no in-house ratios for this holding |
| NORTH PKWY MUN MGMT DIST NO 1 TEX | UNSCREENED | 0.02% | no in-house ratios for this holding |
| MIDCITY IMPT DIST ALA | UNSCREENED | 0.02% | no in-house ratios for this holding |
| LAS VEGAS NEV SPL IMPT DIST NO 816 | UNSCREENED | 0.02% | no in-house ratios for this holding |
| AVELAR CREEK COMMUNITY DEVELOPMENT DISTRICT (FL) | UNSCREENED | 0.02% | no in-house ratios for this holding |
| ROSEVILLE (CA), CITY OF | UNSCREENED | 0.01% | no in-house ratios for this holding |
| SAN FRANCISCO CALIF CITY & CNTY DEV SPL TAX DIST NO 2020-1 | UNSCREENED | 0.01% | no in-house ratios for this holding |
| SILVER PALMS WEST CMNTY DEV DIST FLA | UNSCREENED | 0.01% | no in-house ratios for this holding |
| BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT (FL) | UNSCREENED | 0.01% | no in-house ratios for this holding |
| DAL DELTA AIR LINES INC | NON_COMPLIANT | 0.01% | AAOIFI35.9% Usmani21.9% Dow Jones Islamic46.8% S&P Shariah52.9% MSCI Islamic21.9% MSCI Islamic M-Series52.9% FTSE Shariah15.0% |
| BLACK CREEK CMNTY DEV DIST FLA | UNSCREENED | 0.01% | no in-house ratios for this holding |
| PINE ISLE CMNTY DEV DIST FLA | UNSCREENED | 0.01% | no in-house ratios for this holding |
| CHICAGO CITY BOARD OF EDUCATION (IL) | UNSCREENED | 0.01% | no in-house ratios for this holding |
| CREEKVIEW CMNTY DEV DIST FLA | UNSCREENED | 0.01% | no in-house ratios for this holding |
| LAKEWOOD RANCH STEWARDSHIP DISTRICT (FL) | UNSCREENED | 0.01% | no in-house ratios for this holding |
| INDIANA FINANCE AUTHORITY (IN) | UNSCREENED | 0.00% | no in-house ratios for this holding |
| CLUB MUNICIPAL MANAGEMENT DISTRICT N.1 (TX) | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 1 points of portfolio weight — 0.6% of it passes Usmani, 0.0% passes AAOIFI. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 0.0% ratios fail on 0.6% 98.4% not rated under AAOIFI
ratios pass on 0.6% ratios fail on 0.0% 98.4% not rated under Usmani
ratios pass on 0.0% ratios fail on 0.6% 98.4% not rated under Dow Jones Islamic
ratios pass on 0.0% ratios fail on 0.6% 98.4% not rated under S&P Shariah
ratios pass on 0.6% ratios fail on 0.0% 98.4% not rated under MSCI Islamic
ratios pass on 0.0% ratios fail on 0.6% 98.4% not rated under MSCI Islamic M-Series
ratios pass on 0.6% ratios fail on 0.0% 98.4% not rated under FTSE Shariah
1 of 551 listed holdings carry our own per-methodology verdicts (1% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none.
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for FSMB — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 78.10 | SELL |
| Stochastic %K (14) | 93.10 | SELL |
| CCI (20) | 112.50 | SELL |
| Williams %R (14) | -6.90 | SELL |
| MACD (12,26,9) | 0.02 | BUY |
| ROC (10) | 0.79 | BUY |
| Momentum (10) | 0.16 | BUY |
| EMA (10) | 19.78 | BUY |
| SMA (10) | 19.78 | BUY |
| EMA (20) | 19.71 | BUY |
| SMA (20) | 19.69 | BUY |
| EMA (30) | 19.68 | BUY |
| SMA (30) | 19.60 | BUY |
| EMA (50) | 19.66 | BUY |
| SMA (50) | 19.62 | BUY |
| EMA (100) | 19.66 | BUY |
| SMA (100) | 19.69 | BUY |
| EMA (200) | 19.64 | BUY |
| SMA (200) | 19.68 | BUY |
About First Trust Short Duration Managed Municipal ETF
Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes. The municipal securities in which the fund invests may be fixed, variable or floating-rate securities.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BULLISH | 42 |
| ⏰ 4H | BULLISH | 22 |
| 🕐 1H | BULLISH | 88 |
| ⏱ 15-Min | BULLISH | 130 |
| ⏲ 5-Min | BULLISH | 234 |
Momentum & Volume
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
Peer Movement
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
What does unrated weight mean?
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
Does the issuer's board make it compliant?
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
How often is this re-screened?
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Compare with
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider Activity (90d)
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-11-03 · Asset managers net 928584 (+5135)
AI Summary
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.