Key stats
About First Trust Ultra Short Duration Municipal ETF
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Inception date
Nov 1, 2018
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
FUMB provides access to federally tax-exempt income with very low interest rate risk. The funds average maturity target of one year or less is among the lowest of any ETF in the municipals space. Lower risk means lower return, so FUMB is permitted to hold up to 20% of the portfolio in sub-investment-grade debt to boost yields. The fund many hold nearly any type of municipal security and tends to emphasize debt from states with growing populations and healthy employment trends.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.39%
Cash0.61%
Top 10 holdings
Dividends
Dividend payout history