First Trust Ultra Short Duration Municipal ETF (FUMB) Fund Overview
Educational signal · not a buy or sell recommendation · How to read this
Beta 0.08: the stock has moved about 92% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 17, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerFirst Trust Ultra Short Duration Municipal ETF (FUMB) trades at $19.93. First Trust Ultra Short Duration Municipal ETF (FUMB) aims to provide federally tax-exempt income while preserving capital. Sector: Financials.
Price as of · Last analyzed: Mar 17, 2026Analyst Coverage for FUMB: FUMB does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
First Trust Ultra Short Duration Municipal ETF (FUMB) Financial Services Profile
First Trust Ultra Short Duration Municipal ETF (FUMB) offers investors exposure to ultra-short-term municipal debt, focusing on capital preservation and tax-exempt income. The fund operates within the leveraged asset management industry, targeting investors seeking stability and income in a low-yield environment, differentiating itself through its focus on municipal bonds.
What Is the Investment Thesis for FUMB?
FUMB presents a compelling investment for risk-averse investors seeking tax-exempt income and capital preservation. The fund's focus on ultra-short duration municipal bonds reduces interest rate sensitivity, offering stability in fluctuating market conditions. With a market cap of $0.24 billion, FUMB provides a niche offering within the asset management landscape. Growth catalysts include increasing demand for tax-efficient investment vehicles and potential interest rate hikes, which could make short-duration bonds more attractive. The fund's ability to maintain a high allocation to municipal debt securities (at least 80% of net assets) ensures consistent adherence to its investment objective. However, potential risks include credit risk associated with municipal bonds and the impact of changes in tax laws. The fund's beta of 0.08 indicates low volatility relative to the broader market, further supporting its role as a stable investment option.
Based on FMP financials and quantitative analysis
FUMB Key Highlights
Market capitalization of $0.24 billion indicates a moderate size within the ultra-short duration municipal bond ETF market.
- Beta of 0.08 suggests low volatility compared to the broader market, appealing to risk-averse investors.
- Investment strategy focused on at least 80% allocation to municipal debt securities ensures adherence to its tax-exempt income objective.
- Ultra-short duration focus minimizes interest rate risk, providing stability in fluctuating market conditions.
- Active management approach allows for adjustments to the portfolio based on market conditions and economic outlook, seeking to optimize performance.
Who Are FUMB's Competitors?
FUMB is benchmarked below against 5 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| BKGI BNY Mellon Global Infrastructure Income ETF | $41.61 | -0.34% | $1.25B | — |
| BKUI BNY Mellon Ultra Short Income ETF | $49.50 | +0.06% | $234M | — |
| CLSE Convergence Long/Short Equity ETF | $34.42 | +0.50% | $396M | — |
| EDGH 3EDGE Dynamic Hard Assets ETF | $33.60 | 0.00% | $249M | — |
| EMNT PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund | $98.38 | -0.01% | $211M | — |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are FUMB's Key Strengths?
Focus on tax-exempt income.
- Ultra-short duration minimizes interest rate risk.
- Low beta indicates stability.
- High allocation to municipal debt securities.
What Are FUMB's Weaknesses?
Limited growth potential compared to equity investments.
- Susceptibility to changes in tax laws.
- Dependence on the municipal bond market.
- Potential for credit risk within the bond portfolio.
What Are the Key Risks for FUMB?
Changes in tax laws could reduce the attractiveness of municipal bonds.
- Credit risk associated with municipal bonds.
- Competition from other fixed-income ETFs.
- Economic downturn impacting the credit quality of municipal bonds.
What Are FUMB's Competitive Advantages?
- Focus on ultra-short duration municipal bonds provides a niche offering.
- Tax-exempt income stream appeals to specific investor segments.
- Established track record in managing municipal bond portfolios.
- Low beta indicates stability and reduced volatility.
What Does FUMB Do?
First Trust Ultra Short Duration Municipal ETF (FUMB) was created to provide investors with a vehicle for federally tax-exempt income while emphasizing capital preservation. The fund achieves this objective by investing primarily in municipal debt securities. These securities are chosen for their ability to generate interest income that is exempt from regular federal income taxes, making the fund attractive to investors in higher tax brackets. Under normal market conditions, FUMB invests at least 80% of its net assets, including investment borrowings, in municipal bonds. This high allocation to municipal debt underscores the fund's commitment to its core investment strategy. The fund's ultra-short duration focus means it invests in bonds with relatively short maturities, typically one year or less. This strategy helps to minimize the fund's sensitivity to interest rate changes, making it a potentially less volatile investment option compared to longer-duration bond funds. The fund's investment approach involves careful selection of municipal bonds based on credit quality, yield, and maturity. The portfolio is actively managed, with the investment advisor making adjustments to the portfolio based on market conditions and economic outlook. This active management seeks to optimize the fund's performance while maintaining its focus on capital preservation and tax-exempt income. FUMB is designed for investors who prioritize stability and income over high growth, and who are seeking a tax-advantaged investment option within the fixed income market.
What Products and Services Does FUMB Offer?
- Invests primarily in municipal debt securities.
- Seeks to provide federally tax-exempt income.
- Focuses on capital preservation.
- Invests at least 80% of net assets in municipal bonds.
- Manages a portfolio of ultra-short duration bonds.
- Actively manages the portfolio based on market conditions.
How Does FUMB Make Money?
- Generates revenue through management fees charged on assets under management (AUM).
- Invests in municipal bonds to generate tax-exempt income.
- Manages the fund's portfolio to optimize performance and minimize risk.
What Industry Does FUMB Operate In?
The asset management industry is characterized by intense competition and evolving investor preferences. Within this landscape, FUMB occupies a niche segment focused on ultra-short duration municipal bonds. The demand for tax-exempt income remains strong, particularly among high-net-worth individuals and those in high-tax states. The competitive landscape includes other fixed-income ETFs, such as BKGI, BKUI, CLSE, EDGH, and EMNT, but FUMB differentiates itself through its specific focus on municipal debt and ultra-short duration. The industry is also influenced by regulatory changes and economic conditions, which can impact the performance of fixed-income investments.
Who Are FUMB's Key Customers?
- Individual investors seeking tax-exempt income.
- Financial advisors looking for stable investment options for their clients.
- Institutional investors seeking to preserve capital.
- High-net-worth individuals in high-tax states.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is an etf, not an operating company
FUMB Financials
Bull Case vs Bear Case
Bull Case
- Focus on tax-exempt income.
- Ultra-short duration minimizes interest rate risk.
- Low beta indicates stability.
- High allocation to municipal debt securities.
Bear Case
- Limited growth potential compared to equity investments.
- Susceptibility to changes in tax laws.
- Dependence on the municipal bond market.
- Potential for credit risk within the bond portfolio.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
FUMB Latest News
No recent news available for FUMB.
FUMB Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for FUMB.
Price Targets
Wall Street price target analysis for FUMB.
FUMB MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for FUMB; grades run from A+ (80-100) to F (below 30).
FUMB Financials Stock FAQ
What are the key benefits of investing in municipal bonds through FUMB?
Investing in municipal bonds through FUMB offers several key benefits, primarily the potential for federally tax-exempt income. This can be particularly attractive to investors in higher tax brackets seeking to minimize their tax liabilities.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- Financial data is based on available information as of 2026-03-17.