Fund Description
First Trust Ultra Short Duration Municipal ETF seeks to provide federally tax-exempt income consistent with capital preservation. Under normal market conditions, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes.
Fund Profile
Fund Name First Trust Ultra Short Duration Municipal ETF
Fund Exchange Ticker FUMB
Fund Sponsor First Trust
Fund ISIN US33740J1043
Net Expense Ratio 0.35 %
Fund Inception Date 1 November 2018
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Municipal
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Municipal
Credit Quality Investment Grade Only
Average Maturity <1 year
Bond Currency Denomination USD
Key Statistics
Return As of Date 21 June 2019
Asset Under Management 20.09 Million (USD)
1 Month Total Return 0.19 %
Year To Date Return 0.29 %
1 Year Total Return
3 Year Annualized Total Return
NAV 20.09
Share Outstanding 1,000,000
Top 10 Holdings (20 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
NEW YORK NY Variable rate due 06/01/2044 BOND 0.0302000000
SAINT JAMES PARISH LA REVENUE Variable rate due 11/01/2040 BOND 0.0302000000
NEW HAMPSHIRE ST HLTH & EDU FACS AUTH Variable rate due 07/01/2035 BOND 0.0302000000
BROOKLYN CENTER MN MF HSG DEV REV Variable rate due 12/01/2021 BOND 0.0277000000
TEXAS ST N/C 4% due 08/29/2019 BOND 0.0270000000
JEFFERSON CNTY AL N/C 5% due 04/01/2021 BOND 0.0267000000
ALLEGHENY CNTY PA HOSP DEV AUTH N/C 5% due 07/15/2020 BOND 0.0261000000
TENNESSEE ST ENERGY ACQUISITION CORP 5% due 02/01/2020 BOND 0.0256000000
FALL RIVER MA N/C 3.50% due 02/07/2020 BOND 0.0255000000
CENTER GROVE IN CMNTY SCH CORP N/C 4% due 01/01/2020 BOND 0.0254000000