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Morningstar

First Trust Ultra Short Dur Muncpl ETF FUMB

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

Morningstar’s Analysis FUMB

Will FUMB outperform in 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.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit First Trust Ultra Short Dur Muncpl ETF to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
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 11.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MIAMI DADE CNTY FLA INDL DEV AUTH SOLID WASTE DISP REV 0.86%

1.51 3.0 Mil
municipal

NORTHERN KY WTR DIST REV 4%

1.35 2.7 Mil
municipal

PENNSYLVANIA ST TPK COMMN TPK REV 5%

1.31 2.6 Mil
municipal

PORTLAND ORE WTR SYS REV 5%

1.28 2.5 Mil
municipal

INDIANA ST FIN AUTH ECONOMIC DEV REV 4.2%

1.26 2.5 Mil
municipal

JERSEY CITY N J 5%

1.18 2.3 Mil
Cash and Equivalents

ILLINOIS ST 5%

1.06 2.1 Mil
municipal

MASSACHUSETTS ST COLLEGE BLDG AUTH REV 5%

1.03 2.0 Mil
municipal

CONNECTICUT ST 5%

1.02 2.0 Mil
municipal

KNOXVILLE TENN WASTE WTR SYS REV 4%

1.02 2.0 Mil
municipal