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2026 Estimated Capital Gain Distributions
Certain First Trust First Trust Exchange-Traded Funds are expected to pay a long-term capital gain distribution in December. For a list of exchange-traded funds expected to pay a long-term capital gain distribution, please click here. Also, certain First Trust Exchange-Traded Funds are expected to pay short-term capital gain distributions in December. For a list of exchange-traded funds expected to pay a short-term capital gain distribution, please click here. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above.
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 asset levels. Please see the fund's Statement of Additional Information for full details.
| Closing NAV1 | $41.74 |
| Closing Market Price2 | $41.67 |
| Bid/Ask Midpoint | $41.68 |
| Bid/Ask Discount | 0.16% |
| 30-Day Median Bid/Ask Spread3 | 0.02% |
| Total Net Assets | $2,738,032,863 |
| Outstanding Shares | 65,600,002 |
| Daily Volume | 1,195,945 |
| Average 30-Day Daily Volume | 674,149 |
| Closing Market Price 52-Week High/Low | $44.80 / $41.27 |
| Closing NAV 52-Week High/Low | $44.73 / $41.27 |
| Number of Holdings (excluding cash) | 414 |
| Holding |
Percent |
| U.S. Treasury Bond, 5.125%, due 08/15/2046 |
5.34% |
| U.S. Treasury Note, 4.375%, due 05/15/2036 |
4.82% |
| U.S. Treasury Bond, 5%, due 05/15/2056 |
3.17% |
| U.S. Treasury Note, 4.125%, due 10/31/2029 |
2.80% |
| U.S. Treasury Bond, 5.125%, due 08/15/2056 |
2.15% |
| U.S. Treasury Note, 4.125%, due 08/31/2028 |
1.89% |
| U.S. Treasury Bond, 5%, due 05/15/2046 |
1.87% |
| U.S. Treasury Note, 4.75%, due 09/30/2028 |
1.58% |
| THE BOEING CO 7.008%, due 05/01/2064 |
0.93% |
| GILDAN ACTIVEWEAR INC 5.40%, due 10/07/2035 |
0.92% |
*Â Excluding cash.Â
Holdings are subject to change.
| Years |
Percent |
| 0 - 0.99 Years |
0.69% |
| 1 - 2.99 Years |
15.48% |
| 3 - 4.99 Years |
16.06% |
| 5 - 6.99 Years |
5.27% |
| 7 - 9.99 Years |
20.50% |
| 10 - 19.99 Years |
14.27% |
| 20 Years & Over |
27.73% |
| Weighted Average Effective Duration8 | 5.67 Years |
| Weighted Average Maturity | 12.39 Years |
| Weighted Average Yield-to-Worst9 | 5.88% |
|
Percent |
| Corporate |
45.66% |
| U.S. Treasuries |
27.94% |
| Securitized |
18.77% |
| Preferred |
6.37% |
| Term Loans |
1.21% |
| Cash & Equivalents |
0.05% |
| Credit Quality |
Percent |
| Government/Agency |
46.76% |
| AA |
0.27% |
| AA- |
0.22% |
| A+ |
1.23% |
| A |
2.00% |
| A- |
5.45% |
| BBB+ |
2.39% |
| BBB |
9.18% |
| BBB- |
14.25% |
| BB+ |
5.25% |
| BB |
4.80% |
| BB- |
5.47% |
| B+ |
2.34% |
| B- |
0.39% |
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 |
51 |
5 |
1 |
| Days Traded at Discount |
185 |
10 |
57 |
63 |
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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