First Trust Ultra Short Duration Municipal ETF (FUMB)
Muni National Short · First Trust · NYSE
Muni National ShortETF
First Trust Ultra Short Duration Municipal ETF (FUMB) is an exchange-traded fund in the Muni National Short category. It has $242.68M in assets, an expense ratio of 0.29% and a 2.77% dividend yield. 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.