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Investment Objective/Strategy - The First Trust Strategic Income ETF is an actively managed exchange-traded fund. The primary investment objective of the Fund is to seek risk-adjusted income. The Fund's secondary investment objective is capital appreciation.
There can be no assurance that the Fund's investment objectives will be achieved.
Ticker | FDIV |
Fund Type | Multi Asset Income |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon |
Portfolio Manager/Sub-Advisor | First Trust Global Portfolios Limited, Energy Income Partners, LLC, Stonebridge Advisors LLC, Richard Bernstein Advisors LLC |
CUSIP | 33739Q309 |
ISIN | US33739Q3092 |
Intraday NAV | FDIVIV |
Fiscal Year-End | 10/31 |
Exchange | Nasdaq |
Inception | 8/13/2014 |
Inception Price | $50.00 |
Inception NAV | $50.00 |
Gross Expense Ratio* | 1.26% |
Net Expense Ratio* | 0.87% |
* As of 3/1/2021
First Trust has contractually agreed to reimburse acquired fund fees and expenses of the shares of investment companies held by the fund, provided that the investment companies are advised by the fund’s investment advisor. The agreement will remain in place until at least March 1, 2022, or until its termination at the direction of the Trust's Board of Trustees. Please see the Fees and Expenses of the Fund section in the fund's prospectus for more details.
Closing NAV1 | $47.90 |
Closing Market Price2 | $47.83 |
Bid/Ask Midpoint | $47.88 |
Bid/Ask Discount | 0.04% |
30-Day Median Bid/Ask Spread3 | 0.37% |
Total Net Assets | $55,087,455 |
Outstanding Shares | 1,150,002 |
Daily Volume | 8,067 |
Average 30-Day Daily Volume | 36,038 |
Closing Market Price 52-Week High/Low | $49.66 / $37.41 |
Closing NAV 52-Week High/Low | $49.72 / $37.35 |
Number of Holdings (excluding cash) | 160 |
Holding |
Percent |
First Trust Tactical High Yield ETF |
14.88% |
First Trust Emerging Markets Local Currency Bond ETF |
14.41% |
First Trust Preferred Securities and Income ETF |
11.13% |
First Trust Low Duration Opportunities ETF |
4.65% |
iShares JPMorgan USD Emerging Markets Bond ETF |
4.54% |
First Trust Institutional Preferred Securities and Income ETF |
3.72% |
TC Energy Corporation |
2.03% |
Enterprise Products Partners L.P. |
1.90% |
First Trust Long Duration Opportunities ETF |
1.48% |
Magellan Midstream Partners, L.P. |
1.30% |
*Â Excluding cash.Â
Holdings are subject to change.
Past performance is not indicative of future results.
Maximum Market Cap. | $164,490 |
Median Market Cap. | $8,308 |
Minimum Market Cap. | $309 |
|
2020 |
Q1 2021 |
Q2 2021 |
Q3 2021 |
Days Traded at Premium |
74 |
5 |
--- |
--- |
Days Traded at Discount |
179 |
37 |
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--- |
Dividend Paying Equities
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24.84%
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International Sovereign Bonds
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19.35%
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MLPs
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15.99%
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High-yield Bonds and Senior Loans
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15.15%
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Preferred Securities
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15.11%
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Mortgage-related Securities
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8.96%
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Other
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0.60%
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Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
FDIV |
11.81% |
-1.34 |
0.80 |
0.18 |
0.97 |
Bloomberg Barclays U.S. Aggregate Bond Index |
3.42% |
3.51 |
0.05 |
1.10 |
0.17 |
Russell 3000® Index |
19.39% |
9.15 |
1.19 |
0.74 |
0.87 |
Blended Benchmark |
14.24% |
--- |
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.
Bloomberg Barclays U.S. 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. Russell 3000® Index - The Index is comprised of the 3000 largest and most liquid stocks based and traded in the U.S. Blended Benchmark - The Benchmark is equally weighted to include these six indexes: the Alerian MLP Index, Dow Jones U.S. Select Dividend Index, ICE BofA Fixed Rate Preferred Securities Index, ICE BofA U.S. High Yield Index,Bloomberg Barclays EM USD Aggregate Index and Bloomberg Barclays U.S. MBS Index. The Alerian MLP Index is a composite of the 50 most prominent energy master limited partnerships calculated using a float-adjusted market capitalization methodology. The Dow Jones U.S. Select Dividend Index consists of 100 widely-traded, dividend-paying stocks derived from the Dow Jones U.S. Total Market Index. The ICE BofA Fixed Rate Preferred Securities Index tracks the performance of fixed-rate U.S. dollar denominated preferred securities issued in the U.S. domestic market. The ICE BofA U.S. High Yield Index tracks the performance of U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market. The Bloomberg Barclays EM USD Aggregate Index is a flagship hard currency Emerging Markets debt bench mark that includes USD denominated debt from sovereign, quasi-sovereign, and corporate EM issuers. The Bloomberg Barclays U.S. MBS Index measures the performance of investment grade fixed-rate mortgage-backed pass-through securities of GNMA, FNMA, and FHLMC. The Blended Benchmark returns are calculated by using the monthly return of the six indices during each period shown above. At the beginning of each month the six indices are rebalanced to a 16.66 percentage weighting for each to account for divergence from that percentage weighting the occurred during the course of each month. The monthly returns are then compounded for each period shown above, giving the performance of the Blended Benchmark for each period shown above.
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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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