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Name

As of 11/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

First Trust Ultra Short Duration Municipal ETF

FUMB | Active ETF

$20.10

$217 M

3.10%

$0.62

0.45%

Vitals

YTD Return

2.6%

1 yr return

3.2%

3 Yr Avg Return

1.8%

5 Yr Avg Return

1.4%

Net Assets

$217 M

Holdings in Top 10

12.0%

52 WEEK LOW AND HIGH

$20.1
$19.99
$20.17

Expenses

OPERATING FEES

Expense Ratio 0.45%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 44.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

First Trust Ultra Short Duration Municipal ETF

FUMB | Active ETF

$20.10

$217 M

3.10%

$0.62

0.45%

FUMB - Profile

Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return 1.8%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.61%
DIVIDENDS
  • Dividend Yield 3.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Trust Ultra Short Duration Municipal ETF
  • Fund Family Name
    First Trust Advisors L.P.
  • Inception Date
    Nov 01, 2018
  • Shares Outstanding
    11600002
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • 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 (collectively, “Municipal Securities”). Municipal Securities are generally issued by or on behalf of states, territories or possessions of the U.S. and the District of Columbia and their political subdivisions, agencies, authorities and other instrumentalities. Under normal market conditions, the weighted average duration of the Fund’s portfolio is expected to be less than one year. In selecting the Fund’s portfolio, the portfolio managers will focus on Municipal Securities that meet basic infrastructure needs or provide critical services within their communities. The Fund will invest in Municipal Securities issued throughout the United States, including in Municipal Securities issued by entities in at least 10 different states, with an emphasis on Municipal Securities issued in states with growing populations and healthy employment trends.Duration is a mathematical calculation of the average life of a debt security (or portfolio of debt securities) that serves as a measure of its price risk. In general, each year of duration represents an expected 1% change in the value of a security for every 1% immediate change in interest rates. For example, if a portfolio of Municipal Securities has an average duration of three years, its value can be expected to fall about 3% if interest rates rise by 1%. Conversely, the portfolio’s value can be expected to rise about 3% if interest rates fall by 1%. As a result, prices of instruments with shorter durations tend to be less sensitive to interest rate changes than instruments with longer durations. As the value of a security changes over time, so will its duration.Under normal market conditions, the Fund will invest at least 80% of its net assets in Municipal Securities that are, at the time of investment, rated as investment grade (i.e., rated Baa3/BBB- or above) by at least one nationally recognized statistical rating organization rating such securities or, if unrated, Municipal Securities determined by the Fund’s investment advisor to be of comparable quality. The types of Municipal Securities in which the Fund may invest as a part of its principal investment strategy include municipal general obligation bonds, municipal revenue bonds, municipal notes, alternative minimum tax bonds, private activity bonds (including without limitation industrial development bonds), and pre-refunded and escrowed to maturity bonds. Interest on alternative minimum tax bonds and private activity bonds may be subject to the federal alternative minimum tax on individuals. For tax years beginning after December 31, 2022, interest on the bonds may affect the corporate alternative minimum tax for certain corporations.The Fund may also purchase new issues of Municipal Securities on a when-issued or forward commitment basis. The Municipal Securities in which the Fund invests may be fixed, variable or floating-rate securities.
Read More

FUMB - Performance

Return Ranking - Trailing

Period FUMB Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -5.6% 31.6% 19.24%
1 Yr 3.2% 0.1% 42.6% 99.27%
3 Yr 1.8%* -11.3% 3.3% 2.03%
5 Yr 1.4%* -6.9% 1103.7% 12.48%
10 Yr N/A* -0.9% 248.7% 14.30%

* Annualized

Return Ranking - Calendar

Period FUMB Return Category Return Low Category Return High Rank in Category (%)
2023 0.6% -1.4% 41.0% 98.00%
2022 -1.0% -39.7% 0.3% 1.15%
2021 0.0% -5.6% 6.9% 31.29%
2020 0.3% -2.6% 310.0% 93.40%
2019 0.0% 0.0% 26.0% 99.79%

Total Return Ranking - Trailing

Period FUMB Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -5.6% 31.6% 19.24%
1 Yr 3.2% 0.1% 42.6% 99.27%
3 Yr 1.8%* -11.3% 3.3% 2.03%
5 Yr 1.4%* -6.9% 1103.7% 12.48%
10 Yr N/A* -0.9% 248.7% N/A

* Annualized

Total Return Ranking - Calendar

Period FUMB Return Category Return Low Category Return High Rank in Category (%)
2023 2.8% -1.3% 41.0% 97.60%
2022 0.0% -39.7% 1.1% 1.08%
2021 0.4% -4.8% 23761504.0% 78.60%
2020 1.2% -1.5% 17057.9% 94.51%
2019 1.8% 0.2% 3514.6% 98.43%

FUMB - Holdings

Concentration Analysis

FUMB Category Low Category High FUMB % Rank
Net Assets 217 M 3.22 M 71.9 B 69.55%
Number of Holdings 183 4 13418 63.65%
Net Assets in Top 10 23.8 M -317 M 3.09 B 83.62%
Weighting of Top 10 11.95% 1.8% 100.3% 75.62%

Top 10 Holdings

  1. Miami-Dade County Industrial Development Authority 1.51%
  2. Northern Kentucky Water District 1.34%
  3. Pennsylvania Turnpike Commission 1.30%
  4. City of Portland OR Water System Revenue 1.27%
  5. Indiana Finance Authority 1.26%
  6. City of Jersey City NJ 1.18%
  7. State of Illinois 1.05%
  8. Massachusetts State College Building Authority 1.02%
  9. State of Connecticut 1.01%
  10. City of Knoxville TN Wastewater System Revenue 1.01%

Asset Allocation

Weighting Return Low Return High FUMB % Rank
Bonds 		100.49% 0.00% 150.86% 16.57%
Stocks 		0.00% 0.00% 99.78% 57.02%
Preferred Stocks 		0.00% 0.00% 0.07% 49.07%
Other 		0.00% -3.69% 51.88% 53.26%
Convertible Bonds 		0.00% 0.00% 0.93% 48.80%
Cash 		0.00% -50.86% 44.62% 91.08%

Bond Sector Breakdown

Weighting Return Low Return High FUMB % Rank
Municipal 		80.96% 44.39% 100.00% 98.60%
Derivative 		0.00% -3.69% 51.88% 51.33%
Cash & Equivalents 		0.00% 0.00% 44.41% 77.83%
Securitized 		0.00% 0.00% 5.93% 49.80%
Corporate 		0.00% 0.00% 9.41% 58.02%
Government 		0.00% 0.00% 52.02% 52.81%

Bond Geographic Breakdown

Weighting Return Low Return High FUMB % Rank
US 		100.49% 0.00% 142.23% 15.98%
Non US 		0.00% 0.00% 23.89% 51.07%

FUMB - Expenses

Operational Fees

FUMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% 0.01% 8.02% 86.88%
Management Fee 0.45% 0.00% 1.20% 58.55%
12b-1 Fee 0.00% 0.00% 1.00% 7.86%
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

FUMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

FUMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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 44.00% 0.00% 283.00% 90.86%

FUMB - Distributions

Dividend Yield Analysis

FUMB Category Low Category High FUMB % Rank
Dividend Yield 3.10% 0.00% 14.51% 73.59%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FUMB Category Low Category High FUMB % Rank
Net Income Ratio 0.61% -0.53% 5.33% 94.74%

Capital Gain Distribution Analysis

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

Distributions History

View More +

FUMB - Fund Manager Analysis

Managers

Johnathan Wilhelm

Start Date

Tenure

Tenure Rank

Nov 01, 2018

3.58

3.6%

Johnathan N. Wilhelm was born in 1966. Mr. Wilhelm joined First Trust in September 2013 as Senior Vice President and Senior Portfolio Manager for the First Trust Advisors Municipal Securities Team and has over 30 years of credit research and portfolio management experience in corporate and municipal securities. Prior to joining First Trust, Mr. Wilhelm was a Portfolio Manager for Municipal Bonds at Performance Trust Investment Advisors for two and one-half years and Senior Vice President and Portfolio Manager at Nuveen Investments for 11 years. Mr. Wilhelm has a BS in Business from Miami University of Ohio and his JD from DePaul University College of Law.

J. Thomas Futrell

Start Date

Tenure

Tenure Rank

Nov 01, 2018

3.58

3.6%

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.

Thomas Byron

Start Date

Tenure

Tenure Rank

Mar 23, 2022

0.19

0.2%

Tom Byron is a Senior Vice President and Senior Portfolio Manager at First Trust. He joined First Trust in 2022 and has over 40 years of experience in municipal unit trust and municipal bond portfolio management. Prior to joining First Trust, Mr. Byron was a Director and senior portfolio manager on the Tax-Exempt Fixed Income Team at BMO Global Asset Management for over six years. Before joining BMO Global Asset Management in 2015, Tom was an Executive Director and senior portfolio manager at Invesco for five years and Morgan Stanley for thirteen years. He began his career in the investment industry as a unit trust administrator for Invesco in 1981. Tom holds an M.B.A. in finance from DePaul University and a B.S. in finance from Marquette University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.35 1.58

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