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%
Municipal99.85%
Cash0.15%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FUMB last dividends amounted to 0.05 USD. The month before, the issuer paid 0.05 USD in dividends,
FUMB assets under management is 198.48 M USD. It's risen 6.07% over the last month.
FUMB fund flows account for −3.06 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FUMB pays dividends to its holders with the dividend yield of 3.02%. The last dividend (May 30, 2025) amounted to 0.05 USD. The dividends are paid monthly.
FUMB shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Nov 1, 2018, and its management style is Active.
FUMB expense ratio is 0.45% meaning you'd have to pay 0.45% of your investment to help manage the fund.
FUMB follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FUMB invests in bonds.
FUMB price has risen by 0.40% over the last month, and its yearly performance shows a 0.15% increase. See more dynamics on FUMB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.18% over the last month, showed a 0.01% increase in three-month performance and has increased by 1.78% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.18% over the last month, showed a 0.01% increase in three-month performance and has increased by 1.78% in a year.
FUMB trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.