Morningstar

First Trust Ultra Short Duration Municipal ETF FUMB

Morningstar Medalist Rating
Medalist Rating as of | See First Trust Investment Hub

Morningstar’s Analysis FUMB

Will FUMB outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FUMB’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FUMB management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FUMB’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

First Trust Ultra Short Dur Muncpl ETF holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings FUMB

More FUMB Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CUMBERLAND CNTY N C INDL FACS & POLLUTN CTL FING AUTH SOLID WASTE DISP REV

0.97 3M
municipal

CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV 3%

0.97 2M
municipal

MIAMI DADE CNTY FLA INDL DEV AUTH SOLID WASTE DISP REV 3.25%

0.86 2M
municipal

DALLAS FORT WORTH TEX INTL ARPT REV 5%

0.79 2M
municipal

LOS ANGELES CALIF 5%

0.79 2M
municipal

MASSACHUSETTS ST PORT AUTH REV 5%

0.79 2M
municipal

NORTH TEX TWY AUTH REV 5%

0.78 2M
municipal

OHIO ST AIR QUALITY DEV AUTH REV 4.25%

0.78 2M
municipal

HUBER HEIGHTS OHIO 5%

0.78 2M
Cash and Equivalents

MIAMI-DADE CNTY FLA WTR & SWR REV 5%

0.78 2M
Cash and Equivalents

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