FUMB

First Trust Ultra Short Duration Municipal ETF

$20.09

+0.00%

Market closed. Last update: 10:57 PM ET

📎 Investment Objective

The First Trust Ultra Short Duration Municipal ETF (FUMB) seeks to provide current income that is generally exempt from regular federal income taxes.

Overview

ETF tracking First Trust Ultra Short Duration Municipal ETF

Category Municipal Bonds

Issuer First Trust

Inception Date 2018-11-02

Market Cap $222.9M

Average Volume N/A

Dividend Yield 2.44%

52-Week Range $20.00 - $20.17

VWAP $20.09

Performance

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Investment Summary

📎 Investment Objective

The First Trust Ultra Short Duration Municipal ETF (FUMB) seeks to provide current income that is generally exempt from regular federal income taxes.

🎯 Investment Strategy

FUMB invests primarily in a portfolio of municipal debt securities with short-term maturities, typically less than one year. The fund aims to maintain a low duration profile to reduce interest rate risk while generating tax-exempt income.

✨ Key Features

Focuses on municipal bonds with very short-term maturities, typically less than one year
Seeks to provide current tax-exempt income with low interest rate sensitivity
Employs an active management approach to security selection and portfolio construction
Designed for investors seeking a conservative, low-risk municipal bond exposure

⚠️ Primary Risks

Credit risk - The risk that the issuer of a municipal bond may default or have its credit rating downgraded
Interest rate risk - Prices of short-term bonds can still be affected by changes in interest rates
Liquidity risk - The fund may have difficulty selling certain municipal securities at an advantageous time and price
Tax risk - Changes in tax laws could affect the tax-exempt status of the municipal bonds held by the fund

👤 Best For

FUMB may be suitable for investors seeking a conservative, low-risk municipal bond exposure with a focus on current tax-exempt income and low interest rate sensitivity. It is best suited for investors with a short-term investment horizon who want to limit their exposure to interest rate and credit risks.