FSMB Stock, First Trust Short Duration Managed Municipal Information

The First Trust Short DurationManaged Municipal ETF seeks to provide federally taxexempt income consistentwith capital preservation. 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. The fund is non-diversified.