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First Trust Ultra Short Duration Municipal ETFFirst Trust Ultra Short Duration Municipal ETFFirst Trust Ultra Short Duration Municipal ETF

First Trust Ultra Short Duration Municipal ETF

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Overview
Analysis Holdings Ideas Discussions Technicals Seasonals Options

FUMB chart


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Key stats


Assets under management (AUM)
‪198.85 M‬ USD
Fund flows (1Y)
‪−5.07 M‬ USD
Dividend yield (indicated)
3.00%
Discount/Premium to NAV
0.04%
Shares outstanding
‪9.90 M‬
Expense ratio
0.45%

About First Trust Ultra Short Duration Municipal ETF


Issuer
AJM Ventures LLC
Brand
First Trust
Home page
ftportfolios.com
Inception date
Nov 1, 2018
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Management style
Active
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


Asset Class
Fixed income
Category
Government, local authority/municipal
Focus
Broad credit
Niche
Ultra-short term
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary

FUMB analysis


What's in the fund
Exposure type
Bonds, Cash & Other
Municipal
Bonds, Cash & Other100.00%
Municipal99.68%
Cash0.32%
Top 10 holdings

Technicals


Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy

Seasonals


Displays a symbol's price movements over previous years to identify recurring trends.

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