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On November 10, 2014, First Trust Enhanced Short Maturity ETF (FTSM) effected a reverse split of its outstanding shares in which two outstanding FTSM shares were converted into one FTSM share. All share and per share data set forth below and elsewhere on this website (including for periods prior to the reverse share split) have been adjusted to reflect the reverse share split.
Investment Objective/Strategy - The First Trust Enhanced Short Maturity ETF is an actively managed exchange-traded fund. The fund's investment objective is to seek current income, consistent with preservation of capital and daily liquidity.
There can be no assurance that the Fund's investment objectives will be achieved.
- The First Trust Enhanced Short Maturity ETF uses an actively managed strategy that invests in short-duration securities, which are primarily U.S. dollar-denominated, investment-grade securities.
- The fund will be invested across a broad range of asset classes to maintain diversification and at least 80% of the fund's assets will be investment-grade securities at the time of purchase.
- The fund will utilize a short-duration strategy that may offer the potential for enhanced income, while focusing on preservation of capital and daily liquidity.
Ticker | FTSM |
Fund Type | Short Maturity |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon Corp |
CUSIP | 33739Q408 |
ISIN | US33739Q4082 |
Intraday NAV | FTSMIV |
Fiscal Year-End | 10/31 |
Exchange | Nasdaq |
Inception | 8/5/2014 |
Inception Price | $60.00 |
Inception NAV | $60.00 |
Expense Ratio* | 0.45% |
* As of 6/1/2023
As of the date of the prospectus, as approved by the Trust's Board of Trustees, the management fee paid to First Trust Advisors L.P., the Fund's investment advisor, will be reduced to 0.41625% based on the current level of Fund net assets. The management fee could be further reduced, or increased up to the amount in the table above, based on changes in the level of Fund net assets ("breakpoints"). See the Fund's Statement of Additional Information for more information on the breakpoints.
Closing NAV1 | $59.54 |
Closing Market Price2 | $59.52 |
Bid/Ask Midpoint | $59.53 |
Bid/Ask Discount | 0.03% |
30-Day Median Bid/Ask Spread3 | 0.02% |
Total Net Assets | $8,117,639,122 |
Outstanding Shares | 136,349,724 |
Daily Volume | 1,473,606 |
Average 30-Day Daily Volume | 1,365,364 |
Closing Market Price 52-Week High/Low | $59.73 / $59.29 |
Closing NAV 52-Week High/Low | $59.72 / $59.29 |
Number of Holdings (excluding cash) | 517 |
Holding |
Percent |
U.S. Treasury Note, 2.50%, due 08/15/2023 |
1.05% |
U.S. Treasury Note, 4.625%, due 02/28/2025 |
0.81% |
VW CREDIT INC 0%, due 06/13/2023 |
0.80% |
U.S. Treasury Note, 3.875%, due 04/30/2025 |
0.73% |
FMC CORP 0%, due 06/12/2023 |
0.63% |
U.S. Treasury Bill, 0%, due 09/19/2023 |
0.61% |
U.S. Treasury Bill, 0%, due 11/16/2023 |
0.60% |
FHLMC Multifamily Structured Pass Through Certs. Series K041, Class A2, 3.171%, due 10/25/2024 |
0.54% |
BAYER US FINANCE II LLC 3.875%, due 12/15/2023 |
0.51% |
CONAGRA BRANDS INC 0%, due 06/12/2023 |
0.50% |
*Â Excluding cash.Â
Holdings are subject to change.
|
Percent |
Fixed-Rate Corporate Bonds |
45.86% |
Commercial Paper |
35.47% |
Floating-Rate Corporate Bonds |
5.51% |
Asset Backed Securities |
3.98% |
Commercial Mortgage Backed Securities |
3.95% |
Government Bonds and Notes |
3.78% |
Yankee CD |
0.84% |
Mortgage Backed Securities |
0.49% |
Agency Collateralized Mortgage Obligation |
0.12% |
Past performance is not indicative of future results.
Weighted Average Effective Duration8 | 0.46 Years |
Weighted Average Maturity | 0.62 Years |
Weighted Average Yield-to-Worst9 | 5.32% |
Calculated based on market value of invested assets plus settled cash position.
Credit Quality |
Percent |
Government & Agency |
7.69% |
AAA |
5.47% |
AA+ |
0.04% |
AA |
0.30% |
AA- |
5.42% |
A+ |
5.31% |
A |
5.54% |
A- |
8.24% |
BBB+ |
13.13% |
BBB |
9.93% |
BBB- |
3.04% |
A-1 (short-term) |
4.67% |
A-2 (short-term) |
28.32% |
A-3 (short term) |
2.90% |
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, 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 ratings are used. Ratings are measured highest to lowest on a scale that generally ranges from AAA to D for long-term ratings and A-1 to C for short-term ratings. Investment grade is defined as those issuers that have a long-term credit rating of BBB- or higher or a short-term credit rating of A-3 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. Treasury, U.S. Agency and U.S. Agency mortgage-backed securities appear under "Government". Credit ratings are subject to change.
Years |
Percent |
1-30 days |
32.03% |
31-90 days |
11.46% |
3-6 months |
12.54% |
6-12 months |
21.79% |
1-2 years |
18.58% |
2-3 years |
3.15% |
>3 years |
0.45% |
|
2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Days Traded at Premium |
128 |
30 |
11 |
--- |
Days Traded at Discount |
123 |
32 |
37 |
--- |
Consumer, Non-cyclical
|
24.99%
|
Financial
|
18.61%
|
Utilities
|
9.14%
|
Industrial
|
8.97%
|
Energy
|
8.60%
|
Technology
|
5.80%
|
Consumer, Cyclical
|
5.34%
|
CMBS
|
3.98%
|
ABS
|
3.95%
|
Basic Materials
|
3.84%
|
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|
Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
FTSM |
0.61% |
0.34 |
0.91 |
0.28 |
0.90 |
ICE BofA 0-1 Year US Treasury Index |
0.54% |
--- |
1.00 |
-0.96 |
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.
ICE BofA 0-1 Year US Treasury Index - The Index is comprised of U.S. dollar denominated sovereign debt securities publicly issued by the U.S. Treasury in its domestic market with at least one month and less than one year remaining term to final maturity.
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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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