Key stats
About First Trust Ultra Short Duration Municipal ETF
Expense ratio
0.45%
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Inception date
Nov 1, 2018
FUMB provides access to federally tax-exempt income with very low interest rate risk. The funds average maturity target of one year or less is among the lowest of any ETF in the municipals space. Lower risk means lower return, so FUMB is permitted to hold up to 20% of the portfolio in sub-investment-grade debt to boost yields. The fund many hold nearly any type of municipal security and tends to emphasize debt from states with growing populations and healthy employment trends.
Classification
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.86%
Cash0.14%
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