ATLASFirst Trust Ultra Short Duration Municipal ETF (FUMB): outlook, holdings and fees
First Trust Ultra Short Duration Municipal ETF (FUMB) is an exchange-traded fund and is managed by First Trust. The expense ratio is 0.46% and the yield is 2.85%. The ten largest holdings are 15% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FUMB
| Last price | $20.04 (0.0%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 58% |
| Likely 1-month range (50%) | $19.78 – $20.52 |
| Normal 1-day range (±1σ) | ±0.6% |
| Distribution yield | 2.85% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
FUMB fund facts
| Issuer | First Trust |
|---|---|
| Theme | Leveraged |
| Assets under management | $262M |
| Expense ratio | 0.46% |
| Number of holdings | 10 |
| Portfolio turnover | 124% |
| Inception | Nov 1, 2018 |
| Exchange | NYSE |
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. The weighted average duration of the fund's portfolio is expected to be less than one year.
FUMB top holdings
| Holding | Sector | Weight |
|---|---|---|
| OLMSTED FALLS OHIO 1.25% | – | 1.92% |
| CAPITAL CITY ECONOMIC DEV AUTH CONN PKG & ENERGY FEE REV 0.06% | – | 1.79% |
| HEALTH CARE AUTH FOR BAPTIST HEALTH ALA 0.19% | – | 1.69% |
| OKLAHOMA DEV FIN AUTH REV 1.63% | – | 1.75% |
| LOUISIANA STAD & EXPOSITION DIST REV 4% | – | 1.61% |
| DENVER COLO CONVENTION CTR HOTEL AUTH REV 5% | – | 1.33% |
| NEW YORK N Y 0.16% | – | 1.33% |
| CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5% | – | 1.25% |
| WISCONSIN RAPIDS WIS SCH DIST 2% | – | 1.30% |
| TENDER OPT BD TR RCPTS / CTFS VAR STS 0.08% | – | 1.19% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FUMB returns and risk
| Year to date | +1.4% |
|---|---|
| 1 year | +1.8% |
| 3 years (annualised) | +2.8% |
| 5 years (annualised) | +2.0% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 0.7% |
| Sharpe ratio (3 years) | -2.78 |
Past returns do not guarantee future results.
FUMB: frequently asked questions
What does FUMB invest in?
First Trust Ultra Short Duration Municipal ETF invests in a portfolio of securities. Its largest holdings are OLMSTED FALLS OHIO 1.25% (1.9%), CAPITAL CITY ECONOMIC DEV AUTH CONN PKG & ENERGY FEE REV 0.06% (1.8%), HEALTH CARE AUTH FOR BAPTIST HEALTH ALA 0.19% (1.7%), OKLAHOMA DEV FIN AUTH REV 1.63% (1.7%), LOUISIANA STAD & EXPOSITION DIST REV 4% (1.6%).
What is the FUMB expense ratio?
0.46% a year: about $46.00 for every $10,000 invested.
What is the FUMB dividend yield?
2.85%. ATLAS does not hold the exact distribution dates for ETFs.
Will FUMB go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 58%, with a likely range (50%) of $19.78 to $20.52 from $20.04 today. It is a probability, not a prediction.
How has FUMB performed?
Year to date +1.4%, one year +1.8%, three years +2.8% a year, five years +2.0% a year. Past returns do not guarantee future results.
Similar ETFs: Leveraged
Educational information, not investment advice. Disclaimer