FUMB — First Trust Ultra Short Duration Municipal
First Trust Ultra Short Duration Municipal (FUMB)
FUMB pays a 2.63% distribution rate, monthly, on a 0.29% expense ratio. Its Distribution Safety Score™ is 68 (Generally safe), giving a Safety-Adjusted Yield of 1.79%. Distributions fell 37.1% over the past year. Total return is 15.1% over the past 7.8 years, 204.2 points behind SPY at 219.3%. Its deepest 1-year drawdown was 0.2%.
First Trust Ultra Short Duration Municipal is an ETF that invests primarily in municipal bonds with interest exempt from regular federal income taxes, maintaining a weighted average portfolio duration of less than one year. The fund carries a modest expense ratio of 0.29% and distributes income monthly at a current moderate distribution rate. The strategy appeals to income-focused investors seeking tax-advantaged returns with minimal interest rate risk.
FUMB key facts
- Distribution Safety Score™
- 68 · Generally safe
- Safety-Adjusted Yield
- 1.79%
- Issuer
- First Trust
- Asset type
- ETF
- Asset class
- Fixed Income
- Inception date
- 11/01/2018
- Expense ratio
- 0.29%
- Distribution rate
- 2.63%
- Distribution frequency
- Monthly
- Trailing yield
- 2.97%
- Last close
- $20.08
- AUM
- $247,792,716
- Average volume
- 32600.0
- Last dividend
- $0.0440
- Ex-dividend date
- 07/21/2026
- Payment date
- 07/31/2026
- Beta
- 0.07
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