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First Trust Ultra Short Duration Municipal ETF

etf
FUMB
Dividend policy
No Change
Price as of:
$20.13 -0.04 0%
primary theme
Municipal Bond
FUMB (ETF)

First Trust Ultra Short Duration Municipal ETF

Dividend policy
No Change
Price as of:
$20.13 -0.04 0%
primary theme
Municipal Bond
FUMB (ETF)
First Trust Ultra Short Duration Municipal ETF
Dividend policy
No Change
Price as of:
$20.13 -0.04 0%
primary theme
Municipal Bond

FUMB - Snapshot

Vitals

  • YTD Return 0.2%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $104 M
  • Holdings in Top 10 21.1%

52 WEEK LOW AND HIGH

$20.17
$19.64
$20.24

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.45%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 149.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme Municipal Bond
  • Fund Type Exchange Traded Fund
  • Investment Style Muni National Short

Compare FUMB to Popular Municipal Bond Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$14.79

-0.07%

$78.56 B

-

$0.00

blocked
blocked
blocked

2.21%

-

$11.24

0.00%

$32.48 B

-

$0.00

blocked
blocked
blocked

1.44%

-

$13.56

0.00%

$24.26 B

-

$0.00

blocked
blocked
blocked

1.73%

-

$15.94

0.00%

$20.00 B

-

$0.00

blocked
blocked
blocked

0.57%

-

$12.35

0.00%

$17.53 B

-

$0.00

blocked
blocked
blocked

2.15%

-

Compare FUMB to Popular Municipal Bond ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$54.89

-0.04%

$10.00 B

2.04%

$1.12

blocked
blocked
blocked

2.54%

-

$49.83

+0.06%

$4.28 B

1.24%

$0.62

blocked
blocked
blocked

1.41%

-

$52.33

-0.08%

$3.26 B

1.96%

$1.02

blocked
blocked
blocked

3.58%

-

$33.14

-0.51%

$2.10 B

3.12%

$1.04

blocked
blocked
blocked

4.70%

-

-

-

$1.71 B

-

$0.09

blocked
blocked
blocked

3.05%

-

FUMB - Profile

Distributions

  • YTD Total Return 0.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.20%
DIVIDENDS
  • Dividend Yield 1.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Trust Ultra Short Duration Municipal ETF
  • Fund Family Name
    First Trust
  • Inception Date
    Nov 01, 2018
  • Shares Outstanding
    5150002
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Johnathan Wilhelm

Fund Description

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. The weighted average duration of the fund's portfolio is expected to be less than one year. The fund is non-diversified.


FUMB - Performance

Return Ranking - Trailing

Period FUMB Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -6.7% 307.0% 84.61%
1 Yr 1.4% -5.4% 5.8% 83.17%
3 Yr N/A* -0.6% 8.2% N/A
5 Yr N/A* -0.3% 6.9% N/A
10 Yr N/A* -0.1% 8.1% N/A

* Annualized

Return Ranking - Calendar

Period FUMB Return Category Return Low Category Return High Rank in Category (%)
2019 0.0% -0.3% 15.4% 99.65%
2018 N/A -10.3% 97.2% N/A
2017 N/A -100.0% 7.6% N/A
2016 N/A -7.9% 96.8% N/A
2015 N/A -4.8% 3.0% N/A

Total Return Ranking - Trailing

Period FUMB Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -6.7% 307.0% 89.16%
1 Yr 1.4% -8.3% 5.8% 55.11%
3 Yr N/A* -2.5% 8.2% N/A
5 Yr N/A* -1.5% 6.9% N/A
10 Yr N/A* -0.4% 8.1% N/A

* Annualized

Total Return Ranking - Calendar

Period FUMB Return Category Return Low Category Return High Rank in Category (%)
2019 0.0% -0.3% 15.4% 99.65%
2018 N/A -10.3% 11.0% N/A
2017 N/A -100.0% 7.6% N/A
2016 N/A -7.9% 3.0% N/A
2015 N/A -4.8% 4.0% N/A

FUMB - Holdings

Concentration Analysis

FUMB Category Low Category High FUMB % Rank
Net Assets 104 M 611 K 78.6 B 82.70%
Number of Holdings 197 1 10805 56.31%
Net Assets in Top 10 22.1 M -199 M 3.97 B 82.21%
Weighting of Top 10 21.14% 2.5% 100.0% 34.05%

Top 10 Holdings

  1. CAPITAL CITY ECONOMIC DEV AUTH CONN PKG & ENERGY FEE REV 0.3% 2.86%
  2. FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 0.55% 2.39%
  3. HEALTH CARE AUTH FOR BAPTIST HEALTH ALA 0.49% 2.34%
  4. TENDER OPT BD TR RCPTS / CTFS VAR STS 0.32% 2.10%
  5. NEW YORK N Y 0.36% 2.05%
  6. TENDER OPT BD TR RCPTS / CTFS VAR STS 0.47% 1.97%
  7. CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5% 1.97%
  8. Center Moriches N Y Un Free Sc Tax Antic 1.5% 1.92%
  9. ILLINOIS FIN AUTH REV 0.14% 1.91%
  10. RANDOLPH MASS 2% 1.74%

Asset Allocation

Weighting Return Low Return High FUMB % Rank
Bonds
85.35% 0.00% 147.66% 97.75%
Cash
14.65% -47.66% 100.00% 2.25%
Stocks
0.00% 0.00% 1.80% 38.27%
Preferred Stocks
0.00% -0.98% 1.07% 34.91%
Other
0.00% -1.46% 12.83% 37.22%
Convertible Bonds
0.00% 0.00% 1.64% 35.25%

Bond Sector Breakdown

Weighting Return Low Return High FUMB % Rank
Municipal
85.35% 0.00% 100.00% 96.96%
Cash & Equivalents
14.65% 0.00% 100.00% 2.76%
Derivative
0.00% 0.00% 2.16% 34.80%
Securitized
0.00% 0.00% 6.06% 36.43%
Corporate
0.00% 0.00% 12.97% 43.75%
Government
0.00% 0.00% 49.72% 38.40%

Bond Geographic Breakdown

Weighting Return Low Return High FUMB % Rank
US
85.35% 0.00% 141.34% 96.23%
Non US
0.00% 0.00% 27.62% 83.56%

FUMB - Expenses

Operational Fees

FUMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% 0.01% 4.23% 89.47%
Management Fee 0.45% 0.00% 1.10% 51.83%
12b-1 Fee 0.00% 0.00% 1.00% 6.37%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

FUMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FUMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FUMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 149.00% 0.00% 235.00% 99.20%

FUMB - Distributions

Dividend Yield Analysis

FUMB Category Low Category High FUMB % Rank
Dividend Yield 0.99% 0.00% 3.55% 3.77%

Dividend Distribution Analysis

FUMB Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

FUMB Category Low Category High FUMB % Rank
Net Income Ratio 1.20% 0.00% 6.48% 96.50%

Capital Gain Distribution Analysis

FUMB Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

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FUMB - Fund Manager Analysis

Managers

Johnathan Wilhelm


Start Date

Tenure

Tenure Rank

Nov 01, 2018

2.0

2.0%

Johnathan N. Wilhelm was born in 1966. Mr. Wilhelm earned a B.S. in Business from Miami University of Ohio and has a J.D. from DePaul University College of Law. He has been with First Trust Advisors L.P. since 2013 and he is a Portfolio Manager responsible for managing municipal bond portfolios. Prior to joining First Trust Advisors L.P., Mr. Wilhelm held various positions in portfolio management and credit research.

J. Thomas Futrell


Start Date

Tenure

Tenure Rank

Nov 01, 2018

2.0

2.0%

J. Thomas Futrell, CFA was born in 1955. Mr. Futrell earned a B.A. in Economics from Wheaton College and an M.B.A. from Northern Illinois University. He has been with First Trust Advisors L.P. since 2013 and he is a Portfolio Manager responsible for managing municipal bond portfolios. Prior to joining First Trust Advisors L.P., Mr. Futrell held various positions in portfolio management and research. Mr. Futrell earned the Chartered Financial Analyst (CFA) charter designation in 1989. The CFA charter is a globally respected, graduate-level investment credential established in 1962 and awarded by CFA Institute — the largest global association of investment professionals. The CFA Program curriculum provides a comprehensive framework of knowledge for investment decision making and is firmly grounded in the knowledge and skills used every day in the investment profession. The three levels of the CFA Program test a proficiency with a wide range of fundamental and advanced investment topics, including ethical and professional standards, fixed-income and equity analysis, alternative and derivative investments, economics, financial reporting standards, portfolio management, and wealth planning.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 35.61 7.61 2.84