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2024 Estimated Capital Gain Distributions
Certain First Trust First Trust Exchange-Traded Funds are expected to pay a long-term capital gain distribution in December. For a list of exchange-traded funds expected to pay a long-term capital gain distribution, please click here. Also, certain First Trust Exchange-Traded Funds are expected to pay short-term capital gain distributions in December. For a list of exchange-traded funds expected to pay a short-term capital gain distribution, please click here. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above.
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* | 0.57% |
* As of 12/2/2024
Closing NAV1 | $21.05 |
Closing Market Price2 | $21.05 |
Bid/Ask Midpoint | $21.07 |
Bid/Ask Premium | 0.10% |
30-Day Median Bid/Ask Spread3 | 0.34% |
Total Net Assets | $118,946,660 |
Outstanding Shares | 5,650,002 |
Daily Volume | 17,713 |
Average 30-Day Daily Volume | 127,746 |
Closing Market Price 52-Week High/Low | $21.84 / $20.28 |
Closing NAV 52-Week High/Low | $21.81 / $20.21 |
Number of Holdings (excluding cash) | 340 |
Holding |
Percent |
Fannie Mae Series 2024-84, Class FD, Variable rate, due 11/25/2054 |
3.01% |
Freddie Mac Series 5202, Class NV, 3%, due 01/25/2037 |
3.01% |
U.S. Treasury Note, 4.125%, due 11/30/2029 |
2.75% |
FHLMC Multifamily Structured Pass Through Certs. Series K120, Class X1, Variable rate, due 10/25/2030 |
2.68% |
U.S. Treasury Note, 4.125%, due 11/15/2027 |
2.62% |
Freddie Mac Series 5487, Class ZM, 3.50%, due 12/25/2054 |
2.28% |
Freddie Mac - SCRT Series 2019-2, Class HV, 3%, due 08/25/2058 |
2.14% |
Pagaya AI Debt Selection Trust Series 2024-11, Class A, 5.092%, due 07/15/2032 |
2.03% |
U.S. Treasury Bond, 4.50%, due 11/15/2054 |
1.71% |
U.S. Treasury Note, 4.25%, due 11/15/2034 |
1.69% |
*Â Excluding cash.Â
Holdings are subject to change.
Weighted Average Effective Duration (Long Positions)8 | 6.94 Years |
Weighted Average Effective Duration (Short Positions)8 | -0.13 Years |
Weighted Average Effective Net Duration8 | 6.81 Years |
Weighted Average Yield-to-Worst9 | 4.83% |
|
Percent |
Corporate Bonds |
25.96% |
Agency CMOs |
21.31% |
U.S. Treasuries |
16.60% |
Non-Agency RMBS |
12.65% |
Agency Pass-Throughs |
6.64% |
Agency CMBS |
6.24% |
ABS |
5.95% |
TBAs - Long |
5.83% |
Non-Agency CMBS |
3.00% |
Cash & Cash Equivalents |
-4.18% |
Bond Futures - Net | 29.97% |
Options on Bond Futures - Net | -0.06% |
Options on Interest Rate Futures - Net | 0.00% |
TBAs - Short | 0.00% |
Credit Quality |
Percent |
Cash & Cash Equivalents |
-4.18% |
U.S. Treasuries |
16.60% |
Agency |
40.02% |
AAA |
21.24% |
AA |
0.31% |
AA- |
1.71% |
A+ |
1.17% |
A |
1.76% |
A- |
1.85% |
BBB+ |
5.15% |
BBB |
6.10% |
BBB- |
8.27% |
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
|
5.04%
|
Healthcare
|
4.41%
|
Banking
|
3.66%
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P&C
|
2.27%
|
Food and Beverage
|
1.86%
|
Health Insurance
|
0.92%
|
Packaging
|
0.91%
|
Construction Machinery
|
0.79%
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Electric
|
0.60%
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Paper
|
0.59%
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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.
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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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