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Investment Objective/Strategy - The First Trust Low Duration Opportunities ETF is an actively managed exchange-traded fund. The Fund's primary objective is to generate current income with a secondary objective of capital appreciation.
There can be no assurance that the Fund's investment objectives will be achieved.
Ticker | LMBS |
Fund Type | Mortgage-Backed Securities |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | BNY Mellon Investment Servicing (US) Inc. |
CUSIP | 33739Q200 |
ISIN | US33739Q2003 |
Intraday NAV | LMBSIV |
Fiscal Year-End | 10/31 |
Exchange | Nasdaq |
Inception | 11/4/2014 |
Inception Price | $50.00 |
Inception NAV | $50.00 |
Expense Ratio | 0.66% |
Closing NAV1 | $48.76 |
Closing Market Price2 | $48.68 |
Bid/Ask Midpoint | $48.70 |
Bid/Ask Discount | 0.13% |
30-Day Median Bid/Ask Spread3 | 0.02% |
Total Net Assets | $5,482,994,915 |
Outstanding Shares | 112,450,002 |
Daily Volume | 553,691 |
Average 30-Day Daily Volume | 725,948 |
Closing Market Price 52-Week High/Low | $51.08 / $48.57 |
Closing NAV 52-Week High/Low | $51.06 / $48.66 |
Number of Holdings (excluding cash) | 1459 |
Holding |
Percent |
Fannie Mae or Freddie Mac TBA, 4.50%, due 09/01/2048 |
2.78% |
Fannie Mae or Freddie Mac TBA, 4%, due 05/01/2049 |
2.73% |
Fannie Mae or Freddie Mac TBA, 4.50%, due 09/01/2048 |
2.50% |
Fannie Mae or Freddie Mac TBA, 4%, due 05/01/2049 |
2.15% |
Fannie Mae FN FS1780, 2.50%, due 04/01/2042 |
1.08% |
Fannie Mae FN FS1524, 2.50%, due 04/01/2042 |
1.05% |
Fannie Mae or Freddie Mac TBA, 2.50%, due 01/01/2052 |
1.01% |
Fannie Mae FN CB3507, 4%, due 04/01/2052 |
0.93% |
Fannie Mae FN FM3047, 4%, due 04/01/2045 |
0.93% |
Fannie Mae FN FS0697, 2.50%, due 02/01/2042 |
0.93% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Among 78 funds in the Short Government category. This fund was rated 3 stars/78 funds (3 years), 4 stars/76 funds (5 years) based on risk adjusted returns.
Weighted Average Effective Duration (Long Positions)9 | 5.02 Years |
Weighted Average Effective Duration (Short Positions)9 | -3.42 Years |
Weighted Average Effective Net Duration9 | 1.60 Years |
Weighted Average Effective Maturity | 3.31 Years |
Number of Holdings | 168 |
Average Holding Size | 0.11% |
Weighted Average Effective Maturity | 4.17 Years |
Weighted Average Coupon | 2.42% |
Weighted Average Price | $97.15 |
|
Percent |
Agency MBS Pass-Throughs |
39.79% |
Agency MBS CMOs |
30.98% |
Agency CMBS |
11.67% |
Non-Agency RMBS |
8.73% |
Non-Agency CMBS |
5.09% |
ABS |
4.20% |
Government ETF |
0.01% |
Other |
0.01% |
Cash & Cash Equivalents |
-0.48% |
|
2021 |
Q1 2022 |
Q2 2022 |
Q3 2022 |
Days Traded at Premium |
97 |
2 |
4 |
--- |
Days Traded at Discount |
155 |
60 |
31 |
--- |
Government & Agency
|
82.46%
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Cash & Cash Equivalents
|
-0.48%
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AAA
|
12.97%
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AA+
|
0.70%
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AA
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0.45%
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A+
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0.13%
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A
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0.35%
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A-
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0.46%
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BBB+
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0.26%
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BBB
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0.73%
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BBB-
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0.53%
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BB+
|
0.24%
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BB
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0.16%
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NR
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1.04%
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The ratings are by one or more nationally recognized statistical rating organizations (NRSROs), including Standard & Poor's Rating Group, a division of the McGraw Hill Companies, Inc., 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. 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. Treasury, U.S. Agency and U.S. Agency mortgage-backed securities appear under "Government". Credit ratings are subject to change.
|
Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
LMBS |
1.79% |
-0.20 |
0.18 |
-0.12 |
0.28 |
ICE BofA 1-5 year US Treasury & Agency Index |
2.17% |
--- |
1.00 |
-0.07 |
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 1-5 year US Treasury & Agency Index - The Index measures the performance of US dollar denominated US Treasury and non-subordinated US agency debt.
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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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