|
|
|
Investment Objective/Strategy - The First Trust Core Investment Grade ETF (the "Fund") seeks to maximize long-term total return. Under normal market conditions, the Fund seeks to invest 100% of its Investment Portfolio in investment grade securities. Investment grade securities are those securities that are, at the time of purchase, rated as investment grade (i.e., rated Baa3/BBB- or above) by at least one nationally recognized statistical rating organization ("NRSRO") rating such securities, or if unrated, debt securities determined by the Fund's investment advisor to be of comparable quality. The Fund's Investment Portfolio includes only investment grade securities purchased by the Fund's portfolio managers (the "Investment Portfolio") and does not include uninvested cash or any other Fund asset unconnected to the Fund's intended portfolio, including, but not limited to, accounts receivable or assets received as part of an issuer workout.
There can be no assurance that the Fund's investment objectives will be achieved.
Ticker | FTCB |
Fund Type | Mortgage-Backed Securities & Intermediate Term Bond |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon Corp |
CUSIP | 33738D788 |
ISIN | US33738D7883 |
Intraday NAV | FTCBIV |
Fiscal Year-End | 07/31 |
Exchange | NYSE Arca |
Inception | 11/7/2023 |
Inception Price | $20.00 |
Inception NAV | $20.00 |
Total Expense Ratio* | 0.55% |
* As of 11/8/2023
Closing NAV1 | $21.32 |
Closing Market Price2 | $21.38 |
Bid/Ask Midpoint | $21.38 |
Bid/Ask Premium | 0.28% |
30-Day Median Bid/Ask Spread3 | 0.23% |
Total Net Assets | $36,247,507 |
Outstanding Shares | 1,700,002 |
Daily Volume | 13,127 |
Average 30-Day Daily Volume | 17,517 |
Closing Market Price 52-Week High/Low | $21.84 / $19.95 |
Closing NAV 52-Week High/Low | $21.81 / $19.93 |
Number of Holdings (excluding cash) | 267 |
Holding |
Percent |
Fannie Mae or Freddie Mac TBA, 3.50%, due 05/01/2052 |
4.72% |
U.S. Treasury Note, 3.75%, due 08/15/2027 |
3.04% |
FHLMC Multifamily Structured Pass Through Certs. Series K520, Class A2, Variable rate, due 03/25/2029 |
2.87% |
U.S. Treasury Note, 4.125%, due 07/31/2031 |
2.81% |
JP Morgan Mortgage Trust Series 2017-6, Class A7, Variable rate, due 12/25/2048 |
1.95% |
U.S. Treasury Bond, 3%, due 02/15/2049 |
1.75% |
GCAT Series 2019-RPL1, Class A1, Variable rate, due 10/25/2068 |
1.69% |
U.S. Treasury Note, 3.50%, due 09/30/2029 |
1.64% |
Freddie Mac FR SD7550, 3%, due 02/01/2052 |
1.62% |
Freddie Mac Series 4745, Class CZ, 3.50%, due 01/15/2048 |
1.44% |
*Â Excluding cash.Â
Holdings are subject to change.
Weighted Average Effective Duration (Long Positions)7 | 6.55 Years |
Weighted Average Effective Duration (Short Positions)7 | -0.39 Years |
Weighted Average Effective Net Duration7 | 6.16 Years |
Weighted Average Yield-to-Worst8 | 4.53% |
|
Percent |
Corporate Bonds |
25.28% |
U.S. Treasuries |
20.37% |
Non-Agency RMBS |
14.62% |
Agency CMOs |
12.30% |
Agency Pass-Throughs |
8.42% |
TBAs - Long |
7.66% |
Agency CMBS |
7.52% |
ABS |
3.95% |
Non-Agency CMBS |
3.63% |
Sovereign Agency Debt |
1.64% |
Cash & Cash Equivalents |
-5.39% |
Bond Futures - Net | 8.91% |
Options on Bond Futures - Net | -0.20% |
Options on Interest Rate Futures - Net | 0.00% |
TBAs - Short | -1.09% |
Credit Quality |
Percent |
Cash & Cash Equivalents |
-5.39% |
U.S. Treasuries |
20.37% |
Agency |
37.54% |
AAA |
21.39% |
AA |
0.60% |
AA- |
2.36% |
A+ |
1.07% |
A |
1.66% |
A- |
2.45% |
BBB+ |
5.40% |
BBB |
5.64% |
BBB- |
6.91% |
The ratings are by one or more nationally recognized statistical rating organizations (NRSROs), including S&P Global Ratings, Moody's Investors Service, Inc., Fitch Ratings, DBRS, Inc., Kroll Bond Rating Agency, Inc. 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 highest rating is used. A credit rating is an assessment provided by a 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 creditworthiness of the issuers of the underlying securities in the fund, and not to the fund or its shares. U.S. Agency and U.S. Agency mortgage-backed securities appear under "Agency". Credit ratings are subject to change.
|
2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Days Traded at Premium |
29 |
60 |
63 |
64 |
Days Traded at Discount |
7 |
1 |
0 |
0 |
Technology
|
4.85%
|
Banking
|
3.99%
|
Healthcare
|
3.02%
|
P&C
|
2.15%
|
Food and Beverage
|
1.65%
|
Health Insurance
|
1.15%
|
Aerospace/Defense
|
1.07%
|
Packaging
|
0.81%
|
Brokerage Asset Managers Exchanges
|
0.73%
|
Construction Machinery
|
0.70%
|
|
|
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. ICE BofA US Broad Market Index - The Index tracks the performance of US dollar denominated investment grade debt publicly issued in the US domestic market, including US Treasury, quasi-government, corporate, securitized and collateralized securities.
|
|
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.
|