FUMB ETF — First Trust Ultra Short Duration Municipal

First Trust Ultra Short Duration Municipal (FUMB)

Updated October 16, 2026.

FUMB is an ETF. its distribution rate is 2.64%, its trailing-12-month yield is 2.95%, its expense ratio is 0.29%. Dividend Vision Distribution Safety Score™ is 74/100 (Generally safe). Total return is 15.2% over the past 7.9 years, 199.5 points behind SPY at 214.7%.

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 performance versus SPY

Price and return data through 2026-10-16.

Total return is 15.2% over the past 7.9 years, 199.5 points behind SPY at 214.7%. Over the past year its total return — price change plus distributions reinvested — is 2.5%. Its deepest 1-year drawdown was 0.7%.

FUMB key facts

Distribution Safety Score™

74 · Generally safe

Safety-Adjusted Yield

1.95%

Issuer

First Trust

Asset type

ETF

Asset class

Fixed Income

Inception date

11/01/2018

Expense ratio

0.29%

Distribution rate

2.64%

Distribution frequency

Monthly

Trailing yield

2.95%

Last close

$20.01 (as of 2026-10-16)

AUM

$262,515,529

Average volume

66245.0

Dividend

$0.044

Ex-dividend date

09/24/2026

Payment date

09/30/2026

Beta

0.08

How Dividend Vision calculates yield and returns

Distribution rate (2.64%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.95%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: First Trust or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FUMB risks and drawbacks

FUMB's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 0.7%.

Who may consider FUMB — and who may not

FUMB may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FUMB

• All tickers starting with F

Tagged: Fixed Income.

Frequently asked questions

More securities from First Trust.