First Trust Enhanced Short Maturity ETF
FTSM
NASDAQ Global Market- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Aug 6, 2014
- CIK
- 0001517936
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Enhanced Short Maturity ETF (FTSM), a series of First Trust Exchange-Traded Fund IV, is an actively managed exchange-traded fund that seeks current income consistent with preservation of capital and daily liquidity by investing at least 80% of its net assets in a diversified portfolio of U.S. dollar-denominated, investment-grade fixed- and variable-rate short-duration debt securities, including corporate bonds, U.S. Treasury notes, asset-backed securities, bank loans, floating rate securities, and agency securities; the fund maintains an average duration of less than one year and an average maturity of less than three years, employing fundamental analysis and bottom-up security selection. It benchmarks performance against the ICE BofA 0-1 Year U.S. Treasury Index and the Bloomberg US Aggregate Bond Index, with top holdings typically including U.S. Treasury Notes (such as 3.75% and 4.375% issues), corporate notes from issuers like Targa Resources Corp., The Bank of New York Mellon Corp., and Crown Castle Inc., and other investment-grade obligations. FTSM trades on the Nasdaq under the ticker FTSM and is domiciled in the United States. The fund is managed by First Trust Advisors L.P. (FTA), a federally registered investment adviser founded in 1991 and headquartered in Wheaton, Illinois, which oversees approximately $266 billion in assets and provides investment services through exchange-traded funds, unit investment trusts, closed-end funds, mutual funds, and separately managed accounts alongside its affiliate First Trust Portfolios L.P. FTSM targets institutional and retail investors seeking a conservative, liquid cash alternative with low interest-rate sensitivity in the ultrashort bond segment of the taxable fixed income market. Recent developments include ongoing monthly distributions announced by FTA through September 2025, reflecting stable income generation amid fluctuating interest rates, alongside routine trustee elections and re-elections in August 2025 and new board appointments in March 2024 to support governance; the fund has also seen increased institutional adoption, with new positions initiated by firms such as Second Line Capital, LLC (120,501 shares valued at $7.2 million in Q3 2025) and Summit Financial Wealth Advisors, LLC (334,151 shares valued at $20.03 million in Q3 2025). Assets under management reached approximately $6.17 billion as of late 2025, with no reported acquisitions, partnerships, or structural changes specific to FTSM in the last 1-2 years, maintaining its focus on diversified short-maturity holdings. Quarterly holdings reports as of July 31, 2025, confirm continued emphasis on high-quality, short-term securities like GE Healthcare Tech Inc. 5.60% notes due November 2025.