FUMBFirst Trust Ultra Short Duration Municipal ETF
Seeks federally tax-exempt income consistent with capital preservation.
By First Trust · Launched 2018
Annual Cost
0.29%
#1,304 of 5,861 · low cost
Fund Size
$243M
#2,206 of 5,861 · mid-size
Dividend YieldGoal
2.77%
Track Record
7 years
#1,805 of 5,861 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,230+2.3%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 9.8% of fund✓ well diversified
NATIONAL FINANCE AUTHORITY (NH)
1.5%
MIAMI-DADE COUNTY SCHOOL BOARD (FL)
1.2%
DALLAS-FORT WORTH TEX INTL ARPT
0.9%
MASSACHUSETTS PORT AUTHORITY (MA)
0.9%
NORTH TEX TWY AUTH
0.9%
MIAMI-DADE CNTY FLA
0.9%
OHIO AIR QUALITY DEVELOPMENT AUTHORITY (OH)
0.9%
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY (NJ)
0.9%
SALT LAKE CITY (UT), CITY OF
0.9%
TENDER OPT BD TR RCPTS / CTFS VAR STS
0.9%
Asset allocation
Bonds
83.5%
Cash
16.5%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
0.8%Low
Year-on-year price swings
Max drawdown
-2.7%Mild
Worst peak-to-trough loss
Sharpe (3Y)
-0.59Below average
Sortino (3Y)
-0.79Moderate downside risk
Bond profile
Duration
4.4 years
Avg maturity
10.1 years
Credit ratings
AAA
4.3%
AA
57.1%
A
33.6%
BBB
3.2%
BB
0.9%
Other
0.9%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks federally tax-exempt income consistent with capital preservation.
- Strategy
- Invests at least 80% of net assets in municipal debt securities that are rated investment grade or determined to be of comparable quality. Focuses on Municipal Securities issued throughout the U.S. to meet basic infrastructure needs or provide critical services.
- Inception date
- November 1, 2018
- Fund family
- First Trust
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Data updated on 2026-08-04