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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Key stats


Assets under management (AUM)
‪197.13 M‬USD
Fund flows (1Y)
‪−55.21 M‬USD
Dividend yield (indicated)
2.80%
Discount/Premium to NAV
−0.2%

About First Trust Ultra Short Duration Municipal ETF


Issuer
AJM Ventures LLC
Brand
First Trust
Expense ratio
0.45%
Inception date
Nov 1, 2018
Index tracked
No Underlying Index
Management style
Active
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
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 20, 2024
Exposure type
Bonds, Cash & Other
Municipal
Bonds, Cash & Other100.00%
Municipal99.86%
Cash0.14%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows