First Trust Ultra Short Duration Municipal ETF
$19.97+0.02 (+0.10%)
- 0.29%
- $262M
- +2.0%
- 2.73%
- 0.1M sh
- $19.95
- low $19.88high $20.72
The ETF.net FUMB Grade
B
Score 62 out of 100
- 14 of 28
Score 62 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D26 out of 100Rank 20 of 28Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 27Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B69 out of 100Rank 2 of 27Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B57 out of 100Rank 12 of 28Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A81 out of 100Rank 1 of 28Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B57 out of 100Rank 16 of 28
Our read on FUMB
BFirst Trust's cash-adjacent muni: an actively managed portfolio of roughly 300 municipal bonds run at under a year of duration, chasing federally tax-exempt income with capital preservation as the stated co-pilot, paid monthly.
FUMB seeks federally tax-exempt income while preserving capital. Normally, it invests at least 80% of net assets in municipal debt securities whose interest is exempt from regular federal income tax.
Why people hold it
- Actively run rather than index-tracking: managers pick the bonds and hold weighted average duration under one year, which keeps interest-rate sensitivity low by design.ftportfolios.comfinance.yahoo.com
- Normally at least 80% of net assets sit in munis paying interest exempt from regular federal income tax, with capital preservation written into the objective itself.ftportfolios.com
- Income arrives monthly, spread across about 300 positions instead of a short list of big issuers.
- Live since 2018, so this is a seasoned version of the ultra-short muni idea, not a freshly launched one.
Worth knowing
- Cost is the sticking point: 0.29% runs above the middle of the short-muni pack, and index rivals VTES (0.05%) and SUB (0.07%) charge a fraction of it.
- The exemption covers regular federal income tax only. State and local tax treatment is a separate conversation.
- Moderately traded rather than a volume leader in its category, which can show up as wider spreads around the edges of the session.
FUMB Holdings
- Bonds
- 253
- 9%
- NEW YORK NY Variable rate, due 10/01/2046
FUMB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
FUMB$10,198
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FUMB |
|---|---|
| Year to date | +1.5% |
| 1 month | −0.2% |
| 3 months | 0.0% |
| 1 year | +2.0% |
| 3 years | +2.8% |
| 5 years | +2.0% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FUMB |
|---|---|---|
| 2026 YTD | +1.5% | |
| 2025 | +2.8% | |
| 2024 | +3.1% | |
| 2023 | +2.8% | |
| 2022 | 0.0% | |
| 2021 | +0.4% | |
| 2020 | +1.2% |
FUMB in the news
FUMB Dividends
- 2.73%
- $0.54
- $0.04 per share
- Monthly
Distribution history
FUMB Risk
- 0.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −2.37
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −1.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.07
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FUMB Cost
0.29%
FUMB0.29%
- The middle half of Short-Duration Municipal Bonds funds
- Median 0.25%
19 of the 27 Short-Duration Municipal Bonds funds charge less.
Other funds in Short-Duration Municipal Bonds
- BCGSMCapital Group Short Duration Municipal Income ETFExpense ratio 0.25%1 year return +0.9%
- BFTMSFranklin Short-Term Municipal Income ETFExpense ratio 0.22%1 year return —
- BTAFIAlliance Bernstein - AB Tax-Aware Short Duration Municipal ETFExpense ratio 0.27%1 year return +0.5%
- BTMNST. Rowe Price Short Municipal Income ETFExpense ratio 0.18%1 year return —
- BAUSMAllspring Ultra Short Municipal ETFExpense ratio 0.19%1 year return +1.9%