FSMB vs JMST
First Trust Short Duration Managed Municipal ETF compared with JPMorgan Ultra-Short Municipal Income ETF on yield, payout growth, payment schedule, cost and risk.
FSMB
First Trust Short Duration Managed Municipal ETF
TTM yield · Monthly
JMST
JPMorgan Ultra-Short Municipal Income ETF
TTM yield · Monthly
Quick take
- FSMB yields more today: 3.19% vs 2.58% (forward).
- JMST has grown its payout faster: 48.8%/yr vs 16.8%/yr over the last 5 years.
- Both pay every month.
- Over the last year FSMB delivered the higher total return: +2.3% vs +2.1% (price change plus payouts).
- JMST is cheaper to own: 0.18% vs 0.34% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FSMB | JMST |
|---|---|---|
| Share price | $19.84 | $50.83 |
| TTM yield | 3.19% | 2.58% |
| Forward yield | 3.19% | 2.58% |
| Annual payout per share | $0.632 | $1.312 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Sep 20, 2026 (est.) | Oct 1, 2026 (est.) |
| Expense ratio | 0.34% | 0.18% |
| 1-year payout growth | +3.4% | -14.2% |
| 5-year payout CAGR | +16.8% | +48.8% |
| Consecutive years of increases | 4 years | 0 years |
| Payout consistency (last 12) | 99/100 | 93/100 |
| 1-year total return | +2.3% | +2.1% |
| 1-year price return | -0.9% | -0.5% |
| Size (market cap / AUM) | 623.1M | 7.4B |
| Years paying | 7.7 | 7.8 |
| Sector / category | Muni National Short | Muni National Short |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| FSMB | JMST | |
|---|---|---|
| Shares | 504.0 | 196.7 |
| Income per year | $319 | $258 |
| Income per month (avg) | $27 | $22 |
At forward yields, before taxes. Model FSMB · Model JMST
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FSMB Sep 20, 2026 | Oct 4, 2026 | $0.0527 | Est. |
| FSMB Oct 20, 2026 | Nov 3, 2026 | $0.0527 | Est. |
| FSMB Nov 19, 2026 | Dec 3, 2026 | $0.0527 | Est. |
| JMST Oct 1, 2026 | Oct 15, 2026 | $0.1093 | Est. |
| JMST Oct 31, 2026 | Nov 14, 2026 | $0.1093 | Est. |
| JMST Nov 30, 2026 | Dec 14, 2026 | $0.1093 | Est. |
Annual payouts per share
FSMBJMST
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, FSMB or JMST?
FSMB currently has the higher trailing yield: FSMB yields 3.19% and JMST yields 2.58%. Yield changes daily with price, so check the live figures above.
How often do FSMB and JMST pay?
FSMB pays every month and JMST pays every month. FSMB's next ex-date is Sep 20, 2026 and JMST's is Oct 1, 2026.
Which has grown its dividend faster, FSMB or JMST?
JMST has grown its payout faster: 48.8%/yr vs 16.8%/yr over the last 5 years.
Is FSMB or JMST better for income?
It depends on what you are optimising for. FSMB and JMST differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.