First Trust Ultra Short Duration Municipal ETF
$19.98−0.01 (−0.07%)
- Expense ratio
- 0.29%
- Fund size
- $249M
- 1Y return
- +1.9%
- Yield · Last 12 months
- 2.73%
- Holdings
- 247
- Volume · 30D
- 0.1M sh
- NAV per share
- $20.01
- 52W range
The ETF.net FUMB Grade
Score 61 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 26Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 66Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 54Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 78Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 57Category rank
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
- 247
- 9%
- CUMBERLAND CNTY NC INDL FACS & POLL CTRL FING AUTH Variable rate, due 12/01/2027
FUMB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | −0.1% |
| 3 months | +0.1% |
| 1 year | +1.9% |
| 3 years | +2.9% |
| 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
ETF.net Research hasn’t filed on FUMB yet — coverage lands here as it’s written.
FUMB Dividends
- 2.73%
- $0.55
- $0.04 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 21, 2026 | Aug 31, 2026 | $0.04 |
| Jul 21, 2026 | Jul 31, 2026 | $0.04 |
| Jun 25, 2026 | Jun 30, 2026 | $0.05 |
| May 21, 2026 | May 29, 2026 | $0.05 |
| Apr 21, 2026 | Apr 30, 2026 | $0.05 |
| Mar 26, 2026 | Mar 31, 2026 | $0.05 |
| Feb 20, 2026 | Feb 27, 2026 | $0.05 |
| Jan 21, 2026 | Jan 30, 2026 | $0.05 |
| Dec 12, 2025 | Dec 31, 2025 | $0.05 |
| Nov 21, 2025 | Nov 28, 2025 | $0.05 |
| Oct 21, 2025 | Oct 31, 2025 | $0.05 |
| Sep 25, 2025 | Sep 30, 2025 | $0.05 |
FUMB Risk
- 0.6%
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.
- −2.61
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
- The middle half of Short-Duration Municipal Bonds funds
- Median 0.25%
19 of the 27 Short-Duration Municipal Bonds funds charge less.