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Investment Objective/Strategy - The First Trust TCW Emerging Markets Debt ETF (the "Fund") seeks to provide high total return from current income and capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (including investment borrowings) in debt securities issued or guaranteed by companies, financial institutions and government entities located in emerging market countries. An "emerging market country" is a country that, at the time the Fund invests in the related security or instrument, is classified as an emerging or developing economy by any supranational organization such as the World Bank or the United Nations, or related entities, or is considered an emerging market country for purposes of constructing a major emerging market securities index. The Fund's investments include, but are not limited to, debt securities issued by sovereign entities, quasi-sovereign entities and corporations. "Quasi-Sovereign" refers to an entity that is either 100% owned by a sovereign entity or whose debt is 100% guaranteed by a sovereign entity. The Fund may invest up to 25% of its net assets in securities issued by non-Quasi-Sovereign corporations in emerging market countries. The Fund will invest at least 90% of its assets in dollar-denominated securities. The Fund may invest up to 10% of its assets in securities denominated in Eurodollars and/or Japanese yen.
There can be no assurance that the Fund's investment objectives will be achieved.
Ticker | EFIX |
Fund Type | Emerging Market Bonds |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon Corp |
Portfolio Manager/Sub-Advisor | TCW Investment Management Company LLC |
CUSIP | 33740U604 |
ISIN | US33740U6047 |
Intraday NAV | EFIXIV |
Fiscal Year-End | 08/31 |
Exchange | NYSE Arca |
Inception | 2/17/2021 |
Inception Price | $20.00 |
Inception NAV | $20.00 |
Total Expense Ratio* | 0.95% |
* As of 1/2/2024
Closing NAV1 | $16.63 |
Closing Market Price2 | $16.56 |
Bid/Ask Midpoint | $16.56 |
Bid/Ask Discount | 0.42% |
30-Day Median Bid/Ask Spread3 | 1.62% |
Total Net Assets | $39,910,040 |
Outstanding Shares | 2,400,002 |
Daily Volume | 7,616 |
Average 30-Day Daily Volume | 14,908 |
Closing Market Price 52-Week High/Low | $16.75 / $14.56 |
Closing NAV 52-Week High/Low | $16.74 / $14.44 |
Number of Holdings (excluding cash) | 183 |
Holding |
Percent |
UKRAINE GOVERNMENT Variable rate, due 05/31/2040 |
2.02% |
SAUDI INTERNATIONAL BOND N/C, 5.75%, due 01/16/2054 |
1.78% |
OMAN GOV INTERNTL BOND N/C, 6.25%, due 01/25/2031 |
1.60% |
ARAB REPUBLIC OF EGYPT N/C, 7.30%, due 09/30/2033 |
1.31% |
GREENSAIF PIPELINES BIDCO 6.129%, due 02/23/2038 |
1.30% |
PETROLEOS MEXICANOS 6.70%, due 02/16/2032 |
1.25% |
ISTANBUL METROPOLITAN MUNICIPALITY 10.50%, due 12/06/2028 |
1.12% |
REPUBLIC OF PANAMA 2.252%, due 09/29/2032 |
1.07% |
REPUBLIC OF PHILIPPINES N/C, 5.50%, due 01/17/2048 |
1.07% |
KINGDOM OF BAHRAIN N/C, 6.75%, due 09/20/2029 |
1.06% |
*Â Excluding cash.Â
Holdings are subject to change.
Weighted Average Effective Duration8 | 7.09 Years |
Weighted Average Maturity | 11.68 Years |
Weighted Average Price | $92.87 |
Country |
Percent |
Turkey |
6.66% |
Mexico |
6.24% |
Chile |
4.92% |
Brazil |
4.61% |
Saudi Arabia |
4.51% |
Colombia |
4.48% |
Indonesia |
4.05% |
Panama |
3.82% |
Egypt |
3.62% |
South Africa |
3.45% |
|
Percent |
Sovereigns |
69.28% |
Corporates |
19.80% |
Quasi-Sovereigns |
10.92% |
Hedge |
0.00% |
Please note that percentage of 0.00 indicates an amount less than 0.01%.
Years |
Percent |
Less than 1 Years |
0.29% |
1 -2 .99 Years |
1.83% |
3 - 4.99 Years |
15.37% |
5 - 6.99 Years |
18.68% |
7 - 9.99 Years |
22.71% |
10 - 19.99 Years |
13.91% |
Greater than 20 Years |
27.21% |
Credit Quality |
Percent |
AA |
1.44% |
A |
10.03% |
BBB |
18.87% |
BB |
31.53% |
B |
18.65% |
CCC |
15.15% |
CC |
1.21% |
C |
0.94% |
D |
1.23% |
Unrated |
0.95% |
The credit quality and ratings information presented above reflect the ratings assigned by one or more nationally recognized statistical rating organizations (NRSROs), including S&P Global Ratings, Moody's Investors Service, Inc., Fitch Ratings, or a comparably rated NRSRO. For situations in which a security is rated by more than one NRSRO and the ratings are not equivalent, the lowest rating is used. Sub-investment grade ratings are those rated BB+/Ba1 or lower. Investment grade ratings are those rated BBB-/Baa3 or higher. The credit ratings shown relate to the creditworthiness of the issuers of the underlying securities in the fund, and not to the fund or its shares. U.S. Treasury, U.S. Agency and U.S. Agency mortgage-backed securities appear under "Government/Agency". Credit ratings are subject to change.
|
2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Days Traded at Premium |
234 |
55 |
61 |
37 |
Days Traded at Discount |
16 |
6 |
2 |
27 |
|
Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
EFIX |
11.03% |
1.29 |
0.99 |
-0.18 |
0.98 |
JP Morgan Emerging Market Bond Index Global Diversified |
10.98% |
--- |
1.00 |
-0.30 |
1.00 |
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms
on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure
of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.
JP Morgan Emerging Market Bond Index Global Diversified - The Index is a uniquely weighted USD-denominated emerging markets sovereign index.
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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