---
ticker: "FUMB"
name: "First Trust Ultra Short Duration Municipal ETF"
url: "https://etf.net/etf/FUMB"
grade: "B"
score: 62
graded_at: "2026-10-12"
category: "Short-Duration Municipal Bonds"
category_rank: "14 of 28"
methodology: "https://etf.net/methodology"
---

# FUMB: First Trust Ultra Short Duration Municipal ETF

Grade **B**, Score 62 of 100. Rank 14 of 28 in Short-Duration Municipal Bonds.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 26 | 20 of 28 |
| Mission | 100 | 1 of 27 |
| Risk | 69 | 2 of 27 |
| Tradability | 57 | 12 of 28 |
| Holdings | 81 | 1 of 28 |
| Durability | 57 | 16 of 28 |

## Top holdings

The fund holds 253 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | NEW YORK NY Variable rate, due 10/01/2046 | 1.19% |
| 2 | — | MUNI ELEC AUTH OF GEORGIA N/C, 5%, due 01/01/2027 | 1.08% |
| 3 | — | ILLINOIS ST N/C, 5.25%, due 09/01/2027 | 0.98% |
| 4 | — | CALIFORNIA ST MUNI FIN AUTH Variable rate, due 11/01/2046 | 0.96% |
| 5 | — | CUMBERLAND CNTY NC INDL FACS & POLL CTRL FING AUTH Variable rate, due 12/01/2027 | 0.96% |
| 6 | — | MIAMI-DADE CNTY FL INDL DEV AUTH SOL WST DISP Variable rate, due 11/01/2048 | 0.85% |
| 7 | — | DALLAS-FORT WORTH TX INTL ARPT REV N/C, 5%, due 11/01/2027 | 0.78% |
| 8 | — | MASSACHUSETTS ST PORT AUTH N/C, 5%, due 07/01/2027 | 0.78% |
| 9 | — | N TX TOLLWAY AUTH REVENUE N/C, 5%, due 01/01/2027 | 0.77% |
| 10 | — | HUBER HEIGHTS OH N/C, 5%, due 11/19/2026 | 0.77% |
| 11 | — | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH Variable rate, due 07/01/2042 | 0.77% |
| 12 | — | WALKER CNTY AL ECON & INDL DEV AUTH Variable rate, due 08/01/2063 | 0.77% |
| 13 | — | TENDER OPTION BOND TRUST RECPTS Variable rate, due 10/01/2026 | 0.77% |
| 14 | — | MISSISSIPPI ST BUSINESS FIN COMMN Variable rate, due 11/01/2035 | 0.77% |
| 15 | — | OHIO ST AIR QUALITY DEV AUTH Variable rate, due 11/01/2039 | 0.77% |
| 16 | — | INLIVIAN NC MF REVENUE Variable rate, due 06/01/2043 | 0.77% |
| 17 | — | US Dollar | 0.76% |
| 18 | — | OHIO ST AIR QUALITY DEV AUTH N/C, 3.65%, due 12/01/2027 | 0.70% |
| 19 | — | LOS ANGELES CA DEPT OF ARPTS N/C, 5%, due 05/15/2027 | 0.69% |
| 20 | — | MINNESOTA MUNI GAS AGY Variable rate, due 12/01/2052 | 0.69% |
| 21 | — | INDIANA ST FIN AUTH ECON DEV REV Variable rate, due 12/01/2037 | 0.69% |
| 22 | — | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH N/C, 5%, due 07/01/2027 | 0.69% |
| 23 | — | ATLANTA GA WTR & WSTWTR REVENUE N/C, 5%, due 11/01/2027 | 0.69% |
| 24 | — | BROCKTON MA N/C, 5%, due 10/07/2027 | 0.68% |
| 25 | — | QUINCY MA N/C, 5%, due 08/13/2027 | 0.68% |
| 26 | — | PHILADELPHIA PA SCH DIST 5%, due 06/30/2027 | 0.68% |
| 27 | — | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP N/C, 5%, due 10/01/2027 | 0.68% |
| 28 | — | TRIMBLE CNTY KY ENVRNMNTL FACS REV Variable rate, due 06/01/2054 | 0.68% |
| 29 | — | MISSION TX ECON DEV CORP SOL WST DISP Variable rate, due 05/01/2050 | 0.67% |
| 30 | — | WEST VIRGINIA ST HSG DEV FUND MF HSG Variable rate, due 11/01/2028 | 0.66% |

Source: etf.net, https://etf.net/etf/FUMB. Please cite the page URL.