|
|
|
Investment Objective/Strategy - The investment objective of the Fund is to seek maximum total return and current income. Under normal market conditions, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in bonds, notes and bills issued or guaranteed by issuers in emerging market countries ("Debt Instruments") that are denominated in the local currency of the issuer.
There can be no assurance that the Fund's investment objectives will be achieved.
Ticker | FEMB |
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 | First Trust Global Portfolios Limited |
CUSIP | 33739P202 |
ISIN | US33739P2020 |
Intraday NAV | FEMBIV |
Fiscal Year-End | 10/31 |
Exchange | Nasdaq |
Inception | 11/4/2014 |
Inception Price | $50.00 |
Inception NAV | $50.00 |
Total Expense Ratio* | 0.85% |
* As of 3/1/2024
Closing NAV1 | $28.46 |
Closing Market Price2 | $28.41 |
Bid/Ask Midpoint | $28.35 |
Bid/Ask Discount | 0.39% |
30-Day Median Bid/Ask Spread3 | 0.45% |
Total Net Assets | $203,486,963 |
Outstanding Shares | 7,150,002 |
Daily Volume | 48,189 |
Average 30-Day Daily Volume | 56,736 |
Closing Market Price 52-Week High/Low | $29.43 / $26.42 |
Closing NAV 52-Week High/Low | $29.24 / $26.49 |
Number of Holdings (excluding cash) | 54 |
Holding |
Percent |
ROMANIA GOVERNMENT BOND N/C, 6.70%, due 02/25/2032 |
4.62% |
INDONESIA GOVERNMENT N/C, 7%, due 09/15/2030 |
4.37% |
INDONESIA GOVERNMENT N/C, 9%, due 03/15/2029 |
4.26% |
REPUBLIC OF SOUTH AFRICA N/C, 10.50%, due 12/21/2026 |
4.14% |
REPUBLIC OF SOUTH AFRICA N/C, 8.25%, due 03/31/2032 |
3.90% |
TITULOS DE TESORERIA N/C, 7.25%, due 10/18/2034 |
3.89% |
INDONESIA GOVERNMENT N/C, 8.375%, due 09/15/2026 |
3.56% |
THAILAND GOVERNMENT BOND N/C, 3.39%, due 06/17/2037 |
3.40% |
MALAYSIA GOVERNMENT N/C, 3.885%, due 08/15/2029 |
3.39% |
THAILAND GOVERNMENT BOND N/C, 3.35%, due 06/17/2033 |
3.36% |
*Â Excluding cash.Â
Holdings are subject to change.
Country |
Percent |
Indonesia |
14.75% |
Malaysia |
11.06% |
South Africa |
10.75% |
Brazil |
10.53% |
Colombia |
7.19% |
Thailand |
7.00% |
Romania |
6.43% |
Mexico |
6.30% |
Poland |
5.91% |
Hungary |
4.45% |
Weighted Average Effective Duration8 | 5 Years |
Weighted Average Maturity | 6.48 Years |
Weighted Average Coupon | 6.65% |
Weighted Average Yield-to-Worst9 | 6.85% |
Years |
Percent |
Cash |
2.11% |
0 - 3 Years |
18.23% |
3 - 5 Years |
18.53% |
5 - 7 Years |
16.78% |
7 - 10 Years |
26.51% |
10 - 15 Years |
17.01% |
15+ Years |
0.83% |
Exposure |
Percent |
ZAR |
13.21% |
IDR |
12.13% |
MYR |
11.05% |
BRL |
10.11% |
COP |
9.13% |
MXN |
7.98% |
THB |
6.96% |
PLN |
6.16% |
RON |
6.05% |
INR |
5.22% |
HUF |
5.07% |
PHP |
5.02% |
PEN |
2.28% |
CLP |
1.89% |
CNH |
1.83% |
KRW |
1.81% |
TRY |
0.13% |
CZK |
0.04% |
ILS |
0.00% |
USD |
-6.07% |
Please note that percentage of 0.00 indicates an amount less than 0.01%.
Credit Quality |
Percent |
Cash |
2.11% |
AAA |
5.83% |
AA |
0.53% |
A+ |
3.57% |
A |
16.72% |
A- |
6.44% |
BBB+ |
8.00% |
BBB |
17.55% |
BBB- |
18.13% |
BB |
20.99% |
B+ |
0.13% |
The ratings are by S&P Global Ratings. A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO), of the creditworthiness of an issuer with respect to debt obligations. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Investment grade is defined as those issuers that have a long-term credit rating of BBB- or higher. "NR" indicates no rating. The credit ratings shown relate to the credit worthiness of the issuers of the underlying securities in the fund, and not to the fund or its shares. Credit ratings are subject to change.
|
2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Days Traded at Premium |
124 |
52 |
46 |
60 |
Days Traded at Discount |
126 |
9 |
17 |
4 |
|
Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
FEMB |
11.35% |
1.19 |
1.03 |
-0.10 |
0.97 |
JP Morgan GBI-EM Global Diversified Index |
10.79% |
--- |
1.00 |
-0.22 |
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 Emerging Markets Local Currency Government - 10% Country Capped Index - The Index measures the performance of local currency Emerging Markets debt but caps country exposure to a maximum of 10%. JP Morgan GBI-EM Global Diversified Index - The Index is an unmanaged, market-capitalization weighted, total-return index tracking the traded market for U.S.-dollar-denominated Brady bonds, Eurobonds, traded loans, and local market debt instruments issued by sovereign and quasi-sovereign entities.
|
|
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.
|