Investment Objective/Strategy - The investment objective of the First Trust Smith Opportunistic Fixed Income ETF (the "Fund") is to seek to maximize long-term total return. Under normal market conditions, the Fund pursues its objective by investing at least 80% of its net assets (including investment borrowings) in fixed income securities.
There can be no assurance that the Fund's investment objectives will be achieved.
| Ticker | FIXD |
| Fund Type | Intermediate Term Bond |
| Investment Advisor | First Trust Advisors L.P. |
| Investor Servicing Agent | BNY Mellon Investment Servicing (US) Inc. |
| Portfolio Manager/Sub-Advisor | Smith Capital Investors, LLC |
| CUSIP | 33740F805 |
| ISIN | US33740F8059 |
| Intraday NAV | FIXDIV |
| Fiscal Year-End | 08/31 |
| Exchange | Nasdaq |
| Inception | 2/14/2017 |
| Inception Price | $50.00 |
| Inception NAV | $50.00 |
| Total Expense Ratio* | 0.65% |
* As of 1/2/2026
The Investment Advisor has implemented fee breakpoints, which reduce the fund's investment management fee at certain assets levels. Please see the fund's Statement of Additional Information for full details.
| Closing NAV1 | $44.14 |
| Closing Market Price2 | $44.22 |
| Bid/Ask Midpoint | $44.22 |
| Bid/Ask Premium | 0.17% |
| 30-Day Median Bid/Ask Spread3 | 0.02% |
| Total Net Assets | $3,436,421,725 |
| Outstanding Shares | 77,850,002 |
| Daily Volume | 406,890 |
| Average 30-Day Daily Volume | 422,439 |
| Closing Market Price 52-Week High/Low | $44.96 / $42.72 |
| Closing NAV 52-Week High/Low | $44.92 / $42.80 |
| Number of Holdings (excluding cash) | 421 |
| Holding |
Percent |
| U.S. Treasury Note, 3.75%, due 10/31/2032 |
3.94% |
| Freddie Mac FN SD8491, 5%, due 12/01/2054 |
3.59% |
| U.S. Treasury Note, 4%, due 11/15/2035 |
3.52% |
| U.S. Treasury Bond, 4.625%, due 11/15/2055 |
3.37% |
| U.S. Treasury Bond, 4.625%, due 11/15/2045 |
3.36% |
| U.S. Treasury Note, 4%, due 05/31/2030 |
2.99% |
| U.S. Treasury Note, 4.125%, due 11/30/2029 |
2.36% |
| U.S. Treasury Bond, 4.875%, due 08/15/2045 |
2.23% |
| U.S. Treasury Bond, 4.75%, due 08/15/2055 |
2.06% |
| U.S. Treasury Note, 3.50%, due 11/30/2030 |
1.21% |
*Â Excluding cash.Â
Holdings are subject to change.
| Years |
Percent |
| 0 - 0.99 Years |
1.23% |
| 1 - 2.99 Years |
5.90% |
| 3 - 4.99 Years |
15.03% |
| 5 - 6.99 Years |
12.40% |
| 7 - 9.99 Years |
22.64% |
| 10 - 19.99 Years |
11.84% |
| 20 Years & Over |
30.96% |
| Weighted Average Effective Duration8 | 6.26 Years |
| Weighted Average Maturity | 13.69 Years |
| Weighted Average Yield-to-Worst9 | 4.69% |
|
Percent |
| Corporate |
41.47% |
| U.S. Treasuries |
31.07% |
| Securitized |
21.62% |
| Preferred |
4.27% |
| Term Loans |
0.89% |
| Cash & Equivalents |
0.68% |
| Government-Related |
0.00% |
Please note that percentage of 0.00 indicates an amount less than 0.01%.
| Credit Quality |
Percent |
| Government/Agency |
53.37% |
| AA |
0.78% |
| AA- |
0.67% |
| A+ |
1.38% |
| A |
3.01% |
| A- |
3.27% |
| BBB+ |
3.63% |
| BBB |
8.40% |
| BBB- |
13.77% |
| BB+ |
3.76% |
| BB |
3.64% |
| BB- |
3.35% |
| B+ |
0.84% |
| B- |
0.13% |
Credit Quality is a measure of credit worthiness and risk of a bond or portfolio, based on the issuer's financial condition. AAA/Aaa is the highest and D is lowest. If applicable, the Pre-Refunded/Agency category includes bonds which are deemed high-quality investment-grade by the Advisor. If applicable, the Not Rated category includes bonds that are not rated by a Nationally Recognized Statistical Rating Organization. Composite Rating Source: Bloomberg L.P., ratings presented are a blend of a security's Moody's, S&P, Fitch and DBRS ratings. The rating agencies are evenly weighted when calculating the composite. Ratings presented may differ when viewed on an agency-by-agency basis.
|
|
2025 |
Q1 2026 |
Q2 2026 |
Q3 2026 |
| Days Traded at Premium |
65 |
17 |
--- |
--- |
| Days Traded at Discount |
185 |
4 |
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Bloomberg US Aggregate Bond Index - The Index covers the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, MBS, ABS, and CMBS.
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