FUMBFirst Trust Ultra Short Duration Municipal ETF

Stay safe7y track recordRanked #38 of 343 in this goal

Seeks to provide federally tax-exempt income consistent with capital preservation.

By First Trust · Launched 2018

Annual Cost

0.29%

#1,392 of 5,573 · low cost

Fund Size

$231M

#2,204 of 5,573 · mid-size

Dividend YieldGoal

2.80%

Track Record

7 years

#1,842 of 5,573 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,260+2.6%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 9.4% of fund✓ well diversified

NATIONAL FIN AUTH NH SOL WST D

1.5%

MIAMI-DADE CNTY FL SCH BRD COP

1.1%

DALLAS-FORT WORTH TX INTERNATI

0.9%

MASSACHUSETTS ST PORT AUTH

0.9%

BURLESON TX INDEP SCH DIST

0.9%

N TX TOLLWAY AUTH REVENUE

0.9%

MIAMI-DADE CNTY FL WTR & SWR R

0.8%

NEW JERSEY ST ECON DEV AUTH RE

0.8%

OHIO ST AIR QUALITY DEV AUTH

0.8%

SALT LAKE CITY UT ARPT REVENUE

0.8%

Asset allocation

Bonds

80.7%

Cash

19.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

0.8%Low

Year-on-year price swings

Max drawdown

-2.7%Mild

Worst peak-to-trough loss

Sharpe (3Y)

-0.53Below average

Sortino (3Y)

-0.70Moderate downside risk

Bond profile

Duration

4.4 years

Avg maturity

10.1 years

Credit ratings

AAA

5.6%

55.2%

33.5%

BBB

3.2%

0.9%

Other

1.6%

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to provide federally tax-exempt income consistent with capital preservation.
Strategy: Invests primarily in municipal debt securities that pay interest exempt from federal income taxes, focusing on those that meet infrastructure needs. Maintains a portfolio with a weighted average duration of less than one year, investing in securities from at least 10 states.
Inception date: November 1, 2018
Fund family: First Trust