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First Trust Ultra Short Duration Municipal ETF
FUMB (First Trust Ultra Short Duration Municipal ETF) is an index Short Term Fixed Income ETF by First. With a 0.29% MER, it provides diversified exposure. Monthly distribution with a 2.84% yield.
FUMB by First is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
Its 0.29% MER makes it one of the most cost-effective options in its category. It pays a monthly distribution with a 2.84% yield, making it attractive for income-seeking investors.
This ETF is suited for investors seeking stability and capital preservation. It can serve as a defensive component in a diversified portfolio or as a temporary cash parking option.