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ETFs

First Trust Ultra Short Duration Municipal ETF

FUMB
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Nov 1, 2018
Expense Ratio
0.25%
Type
US Bonds
Fund Owner
First Trust
Volume (1m avg. daily)
$785,223
AUM
$257,226,039
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
INDIANA ST FIN AUTH ENVRNMNTL REV 4.50% due 12/15/2046
1.38%
n/a
LOUISVILLE & JEFFERSON CNTY KY MET SWR DIST N/C 4% due 10/06/2023
1.36%
n/a
NORTH CAROLINA ST TURNPIKE AUTH N/C 5% due 02/01/2024
1.27%
n/a
DOVER NJ N/C 5% due 01/24/2024
1.19%
n/a
NEWARK NJ N/C 4% due 09/29/2023
1.18%
n/a
PATRIOTS ENERGY GROUP FING AGY SC Variable rate due 10/01/2048
1.08%
n/a
BURKE CNTY GA DEV AUTH POLL CTRL REV Variable rate due 11/01/2052
1.06%
n/a
NTHRN KY WTR DIST REVENUE N/C 4% due 02/01/2025
1.06%
n/a
KINNELON NJ N/C 4% due 09/29/2023
1.06%
n/a
PENNSYLVANIA ST TURNPIKE COMMN TPK REV 5% due 12/01/2038
1.03%
Invest with FUMB

What is FUMB?

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.

ETFs related toFUMB

ETFs correlated to FUMB include FSMB, SUB, IBMP

FUMB
First Trust Exchange-Traded Fund III - First Trust Ultra Short Duration Municipal ETF
FSMB
First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF
SUB
BlackRock Institutional Trust Company N.A. - iShares Short-Term National Muni Bond ETF
IBMP
iShares Trust - iShares iBonds Dec 2027 Term Muni Bond ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
IBMQ
iShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF
DFNM
Dimensional ETF Trust - Dimensional National Municipal Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
XBIL
Rbb Fund Inc - US Treasury 6 Month Bill ETF
PWZ
Invesco Capital Management LLC - Invesco California AMT-Free Municipal Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

News Related to FUMB

A Pair Of Short-Duration ETFs Launch

Nov 3, 2018 • by ETF Professor
Read

FAQ

FUMB is a US Bonds ETF. 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.

Yes, FUMB is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FUMB is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FUMB is 0.0015%. This is the percent change in the value of FUMB over the most recent 1-month period. The 3-month return on FUMB is 0.0043%. This is the percent change in the value of FUMB over the most recent 3-month period.

The standard deviation of FUMB for the past year is 0.0143%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FUMB include HYD, VTEB, and CMF.

ETFs correlated to FUMB include FSMB, SUB, and IBMP.

ETFs that are inversely correlated to FUMB include DBMF, USDU, and TBX.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.