First Trust Advisors L.P. has announced October distributions for several of its exchange-traded funds, maintaining consistent monthly payout levels for most of the products. Shareholders of the affected funds will receive payments on Oct. 30, following expected ex-dividend and record dates of Oct. 21.

Convertible Securities and Preferred Securities Funds

The First Trust SSI Strategic Convertible Securities ETF, which trades under the ticker FCVT, will distribute $0.045 per share for October. This amount matches the monthly distributions paid from January through September of 2026. The actively managed fund seeks total return and, under normal market conditions, invests at least 80% of its net assets in a diversified portfolio of convertible securities issued by U.S. and non-U.S. companies. The October payment is classified as ordinary income per share, with final tax treatment for the year to be determined after year-end. Ordinary distributions may include realized short-term capital gains or a return of capital.

Separately, the First Trust Institutional Preferred Securities and Income ETF, ticker FPEI, will pay $0.0955 per share. This actively managed fund, which trades on NYSE Arca, targets current income and total return. In normal markets, at least 80% of its net assets, including investment borrowings, is allocated to institutional preferred securities and income-producing debt securities. The announced amount is designated as ordinary income, though the final tax character of 2026 distributions will be set after the end of the year.

Municipal Bond ETFs Maintain Steady Payouts

The First Trust Short Duration Managed Municipal ETF, known as FSMB, will distribute $0.054 per share, unchanged from its September payout. The fund trades on NYSE Arca and aims to generate income exempt from regular federal income taxes while seeking to preserve capital. Under normal conditions, municipal obligations with interest exempt from regular federal income taxes account for at least 80% of its net assets. The October payment carries an ordinary-income classification, with final tax treatment determined after year-end. Ordinary distributions may include short-term gains or a return of capital.

The First Trust Ultra Short Duration Municipal ETF, ticker FUMB, will pay $0.044 per share, matching its September distribution of the same amount, which was paid on Sept. 30. The fund seeks federally tax-exempt income consistent with capital preservation. Under normal market conditions, it invests at least 80% of its net assets, including investment borrowings, in municipal debt whose interest is exempt from regular federal income taxes. The October distribution is classified as ordinary income per share, and the final tax character for the year’s distributions will be determined after year-end, potentially including short-term capital gains or return of capital.

A related First Trust product, the First Trust Managed Municipal ETF, carries an October distribution of $0.159 per share, also scheduled for payment on Oct. 30.