ETF overview
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.
Fund facts
- Expense ratio
- 0.29%
- Fund assets
- 283M USD (all share classes)
- Issuer
- First Trust
- Inception date
- Nov 1, 2018
- Number of holdings
- 272
Breakdown
Holdings (272)
| Name | Ticker | Weight |
|---|---|---|
| NEW YORK NY Variable rate, due 10/01/2046 | 1.11% | |
| MUNI ELEC AUTH OF GEORGIA N/C, 5%, due 01/01/2027 | 1.01% | |
| ILLINOIS ST N/C, 5.25%, due 09/01/2027 | 0.91% | |
| CALIFORNIA ST MUNI FIN AUTH Variable rate, due 11/01/2046 | 0.89% | |
| CUMBERLAND CNTY NC INDL FACS & POLL CTRL FING AUTH Variable rate, due 12/01/2027 | 0.89% | |
| MIAMI-DADE CNTY FL INDL DEV AUTH SOL WST DISP Variable rate, due 11/01/2048 | 0.79% | |
| PENNSYLVANIA ST ECON DEV FING AUTH Variable rate, due 04/01/2034 | 0.79% | |
| DU PAGE & COOK CNTYS IL TWP HS DIST 86 N/C, 5%, due 01/15/2027 | 0.76% | |
| DALLAS-FORT WORTH TX INTL ARPT REV N/C, 5%, due 11/01/2027 | 0.73% | |
| MASSACHUSETTS ST PORT AUTH N/C, 5%, due 07/01/2027 | 0.72% | |
| and 259 more | ||
Historical returns do not guarantee future returns. This is not investment advice.
First Trust Ultra Short Duration Municipal ETF (FUMB)
- Expense ratio
- 0.29%
- Fund assets
- 283M USD (all share classes)
- Issuer
- First Trust
- Inception date
- Nov 1, 2018
- Number of holdings
- 272
| Name | Ticker | Weight |
|---|---|---|
| NEW YORK NY Variable rate, due 10/01/2046 | 1.11% | |
| MUNI ELEC AUTH OF GEORGIA N/C, 5%, due 01/01/2027 | 1.01% | |
| ILLINOIS ST N/C, 5.25%, due 09/01/2027 | 0.91% | |
| CALIFORNIA ST MUNI FIN AUTH Variable rate, due 11/01/2046 | 0.89% | |
| CUMBERLAND CNTY NC INDL FACS & POLL CTRL FING AUTH Variable rate, due 12/01/2027 | 0.89% | |
| MIAMI-DADE CNTY FL INDL DEV AUTH SOL WST DISP Variable rate, due 11/01/2048 | 0.79% | |
| PENNSYLVANIA ST ECON DEV FING AUTH Variable rate, due 04/01/2034 | 0.79% | |
| DU PAGE & COOK CNTYS IL TWP HS DIST 86 N/C, 5%, due 01/15/2027 | 0.76% | |
| DALLAS-FORT WORTH TX INTL ARPT REV N/C, 5%, due 11/01/2027 | 0.73% | |
| MASSACHUSETTS ST PORT AUTH N/C, 5%, due 07/01/2027 | 0.72% | |
| and 259 more | ||
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.
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