# First Trust Enhanced Short Maturity ETF (FTSM) — Overview

FTSM · NASDAQ · Fund

Canonical page: https://www.lighthorse.io/tickers/ftsm

## Price

Last close $59.65 on Oct 15, 2026. 52-week range $59.51 – $60.13.

## Fund profile

FTSM is actively-managed to invest in a variety of fixed income securities with a target maturity of less than three years.

| Metric | Value |
| --- | --- |
| Issuer | First Trust Advisors L.P. |
| Industry | — |
| Inception | Aug 5, 2014 |
| Assets under management | $6.7B |
| Expense ratio | 0.29% |
| Net asset value | $59.64 (as of Oct 15, 2026) |
| Distributions | Monthly |
| Leverage | 1x |

## Frequently Asked Questions

### What is First Trust Enhanced Short Maturity ETF (FTSM)?

FTSM is actively-managed to invest in a variety of fixed income securities with a target maturity of less than three years.

### What is FTSM's expense ratio?

First Trust Enhanced Short Maturity ETF charges an annual expense ratio of 0.29%. The fund is issued by First Trust Advisors L.P..

### How large is FTSM?

First Trust Enhanced Short Maturity ETF manages $6.7B in assets and has traded since Aug 5, 2014.

### How do I buy shares of First Trust Enhanced Short Maturity ETF (FTSM)?

FTSM trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).