# First Trust Ultra Short Duration Municipal ETF (FUMB): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fumb for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: First Trust · Asset class: Municipal Bond - Strategy: Leveraged · Inception: 2018-11-01 First Trust Exchange-Traded Fund III - First Trust Ultra Short Duration Municipal ETF is an exchange traded fund launched and managed by First Trust Advisors L.P. The fund invests in fixed income markets of the United States. It invests in investment grade, tax exempt municipal debt securities 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 rated Baa3 by Moody's or BBB- by S&P or Fitch. The fund is expected to maintain the weighted average duration of les... ## Key Facts | Metric | Value | |---|---| | Price | $20.00 | | Expense Ratio | 0.29% | | Assets Under Management | $295.0M | | NAV | $20.00 | | Holdings Count | 286 | | Distribution Yield (TTM) | 2.71% | | Annual Distribution (TTM) | $0.54 /share | | Distribution Frequency | Monthly | | 52-Week Range | $19.88 – $20.72 | | Beta | 0.07 | ## Latest Distribution - Amount: $0.0440 /share - Ex-date: 2026-10-21 - Pay date: 2026-10-30 ## Frequently Asked Questions ### What does FUMB invest in? First Trust Exchange-Traded Fund III - First Trust Ultra Short Duration Municipal ETF is an exchange traded fund launched and managed by First Trust Advisors L.P. The fund invests in fixed income markets of the United States. It invests in investment grade, tax exempt municipal debt securities 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 rated Baa3 by Moody's or BBB- by S&P or Fitch. The fund is expected to maintain the weighted average duration of less than one year. It seeks to benchmark the performance of its portfolio against the Bloomberg Municipal Short-Term Index and the Bloomberg Municipal Bond Index. First Trust Exchange-Traded Fund III - First Trust Ultra Short Duration Municipal ETF was formed on November 1, 2018 and is domiciled in the United States. ### What is the expense ratio of FUMB? First Trust Ultra Short Duration Municipal ETF (FUMB) charges an expense ratio of 0.29%. This is the annual fee deducted from fund assets to cover management and operations. ### What is FUMB's dividend yield? FUMB's trailing-twelve-month yield is 2.71%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of FUMB? Effective duration measures FUMB's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FUMB's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of FUMB? FUMB's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of FUMB? Yield to maturity (YTM) is the total return you'd earn from FUMB if every bond in the portfolio is held to maturity at the current price. FUMB's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does FUMB pay a dividend? Yes, First Trust Ultra Short Duration Municipal ETF (FUMB) distributes dividends to shareholders. The trailing-twelve-month yield is 2.71%. Full dividend history is on this page. ### How often does FUMB pay dividends? First Trust Ultra Short Duration Municipal ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is FUMB's next ex-dividend date? The most recently announced ex-dividend date for FUMB was 2026-10-21. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will FUMB's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.29% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FUMB charge its expense ratio? The expense ratio is deducted in tiny daily slices from FUMB's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FUMB cost more than a fund like VOO? FUMB is a leveraged fund (current expense ratio 0.29%). Daily-reset leverage products carry swap and financing costs that don't exist on a plain-vanilla equity ETF. The Cost Verdict card compares against the leveraged/inverse cohort where these costs are the norm. ### Are there cheaper alternatives to FUMB? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as FUMB (0.29%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fumb - Distribution history: https://www.dividenddata.com/funds/fumb/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fumb/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fumb/expenses - Peer comparison: https://www.dividenddata.com/funds/fumb/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.