First Trust Ultra Short Duration Municipal ETF (FUMB)
FUMB is an actively managed ETF by First Trust. FUMB launched on Nov 1, 2018 and has a 0.35% expense ratio.
ETF Info
| ISIN | US33740J1043 |
|---|---|
| CUSIP | 33740J104 |
| Issuer | First Trust |
| Inception Date | Nov 1, 2018 |
| Region | North America (U.S.) |
| Category | Municipal Bonds, Actively Managed |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Home Page | www.ftportfolios.com |
| Asset Class | Bond |
Expense Ratio
FUMB features an expense ratio of 0.35%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: FUMB vs. JMST, FUMB vs. FMHI, FUMB vs. SUB, FUMB vs. SGOV, FUMB vs. FALN, FUMB vs. FXAIX, FUMB vs. MUB
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in First Trust Ultra Short Duration Municipal ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
First Trust Ultra Short Duration Municipal ETF had a return of 2.63% year-to-date (YTD) and 3.35% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.63% | 25.70% |
| 1 month | 0.16% | 3.51% |
| 6 months | 1.65% | 14.80% |
| 1 year | 3.35% | 37.91% |
| 5 years (annualized) | 1.44% | 14.18% |
| 10 years (annualized) | N/A | 11.41% |
Monthly Returns
The table below presents the monthly returns of FUMB, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.35% | 0.21% | -0.06% | 0.15% | 0.41% | 0.26% | 0.60% | 0.33% | 0.11% | 0.03% | 2.63% | ||
| 2023 | 0.26% | -0.10% | 0.43% | 0.11% | 0.09% | 0.45% | 0.15% | 0.15% | -0.01% | 0.25% | 0.73% | 0.32% | 2.84% |
| 2022 | -0.45% | -0.02% | -0.44% | -0.10% | 0.26% | 0.06% | 0.21% | -0.30% | -0.34% | 0.24% | 0.67% | 0.18% | -0.03% |
| 2021 | 0.05% | -0.05% | 0.25% | -0.05% | 0.11% | 0.01% | 0.05% | 0.05% | -0.07% | -0.10% | 0.10% | 0.02% | 0.38% |
| 2020 | -0.07% | 0.09% | 0.27% | 0.09% | 0.04% | 0.03% | 0.51% | 0.06% | -0.11% | -0.11% | 0.26% | 0.15% | 1.25% |
| 2019 | -0.29% | 0.30% | 0.15% | 0.13% | 0.20% | 0.20% | 0.18% | 0.38% | 0.08% | 0.30% | -0.05% | 0.15% | 1.76% |
| 2018 | 0.00% | 0.31% | 0.30% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FUMB is 83, placing it in the top 17% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for First Trust Ultra Short Duration Municipal ETF (FUMB) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
First Trust Ultra Short Duration Municipal ETF provided a 2.74% dividend yield over the last twelve months, with an annual payout of $0.55 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.55 | $0.45 | $0.20 | $0.09 | $0.19 | $0.35 | $0.03 |
Dividend yield | 2.74% | 2.24% | 1.02% | 0.43% | 0.94% | 1.74% | 0.15% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Ultra Short Duration Municipal ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.47 | |
| 2023 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.20 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.19 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.35 |
| 2018 | $0.03 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Ultra Short Duration Municipal ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Ultra Short Duration Municipal ETF was 2.68%, occurring on Mar 20, 2020. Recovery took 4 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -2.68% | Mar 10, 2020 | 9 | Mar 20, 2020 | 4 | Mar 26, 2020 | 13 |
| -1.25% | Aug 6, 2021 | 193 | May 11, 2022 | 167 | Jan 10, 2023 | 360 |
| -1.14% | Mar 27, 2020 | 6 | Apr 3, 2020 | 81 | Jul 30, 2020 | 87 |
| -0.5% | Dec 28, 2023 | 13 | Jan 17, 2024 | 9 | Jan 30, 2024 | 22 |
| -0.48% | Aug 20, 2020 | 22 | Sep 21, 2020 | 52 | Dec 3, 2020 | 74 |
Volatility
Volatility Chart
The current First Trust Ultra Short Duration Municipal ETF volatility is 0.37%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.