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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 |
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 |
Gross Expense Ratio* | 0.45% |
Net Expense Ratio* | 0.25% |
* As of 3/2/2020
First Trust has contractually agreed to waive management fees of 0.20% of average daily net assets until March 1, 2021. Please see the Fees and Expenses of the Fund section in the fund's prospectus for more details.
Closing NAV1 | $60.05 |
Closing Market Price2 | $60.04 |
Bid/Ask Midpoint | $60.05 |
Bid/Ask Discount | 0.01% |
30-Day Median Bid/Ask Spread3 | 0.02% |
Total Net Assets | $5,077,338,186 |
Outstanding Shares | 84,549,724 |
Daily Volume | 886,819 |
Average 30-Day Daily Volume | 652,228 |
Closing Market Price 52-Week High/Low | $60.22 / $57.71 |
Closing NAV 52-Week High/Low | $60.22 / $58.71 |
Number of Holdings (excluding cash) | 591 |
Holding |
Percent |
U.S. Treasury Note, 1.50%, due 11/30/2021 |
0.80% |
ENERGY TRANSFER OPER LP 0%, due 01/22/2021 |
0.69% |
FIDELITY NATL INFO SERV 0%, due 01/25/2021 |
0.59% |
Verizon Owner Trust Series 2020-B, Class A, 0.85%, due 02/20/2025 |
0.59% |
Flagship Credit Auto Trust Series 2020-4, Class A, 0.53%, due 04/15/2025 |
0.58% |
BECTON DICKINSON AND CO 3.125%, due 11/08/2021 |
0.55% |
CVS HEALTH CORP 3.35%, due 03/09/2021 |
0.52% |
ENBRIDGE ENERGY PARTNERS 4.20%, due 09/15/2021 |
0.51% |
VERIZON COMMUNICATIONS Variable rate, due 03/16/2022 |
0.51% |
BPCE SA N/C, Variable rate, due 05/31/2022 |
0.50% |
*Â Excluding cash.Â
Holdings are subject to change.
|
Percent |
Fixed-Rate Corporate Bonds |
32.80% |
Commercial Paper |
24.74% |
Floating-Rate Corporate Bonds |
24.67% |
Asset Backed Securities |
11.19% |
Commercial Mortgage Backed Securities |
2.42% |
Mortgage Backed Securities |
1.64% |
Agency Collateralized Mortgage Obligation |
1.45% |
Government Bonds and Notes |
0.79% |
Yankee CD |
0.29% |
Cash |
0.01% |
Past performance is not indicative of future results.
Weighted Average Effective Duration9 | 0.53 Years |
Weighted Average Maturity | 0.75 Years |
Credit Quality |
Percent |
Government & Agency |
3.53% |
Cash |
0.01% |
AAA |
14.72% |
AA+ |
0.88% |
AA |
2.44% |
AA- |
7.31% |
A+ |
13.95% |
A |
5.59% |
A- |
8.42% |
BBB+ |
9.56% |
BBB |
7.91% |
BBB- |
0.95% |
A-1 (short-term) |
3.22% |
A-2 (short-term) |
14.81% |
A-3 (short term) |
6.70% |
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. 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 |
19.30% |
31-90 days |
13.38% |
3-6 months |
12.95% |
6-12 months |
19.66% |
1-2 years |
20.64% |
2-3 years |
12.26% |
>3 years |
1.81% |
|
2020 |
Q1 2021 |
Q2 2021 |
Q3 2021 |
Days Traded at Premium |
123 |
3 |
--- |
--- |
Days Traded at Discount |
130 |
10 |
--- |
--- |
Financial
|
30.13%
|
Energy
|
12.65%
|
Consumer, Non-cyclical
|
11.68%
|
ABS
|
11.19%
|
Consumer, Cyclical
|
9.11%
|
Utilities
|
6.65%
|
Industrial
|
4.46%
|
Communications
|
3.30%
|
Technology
|
3.05%
|
CMBS
|
2.42%
|
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|
|
Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
FTSM |
1.30% |
1.67 |
-5.08 |
0.23 |
-0.60 |
ICE BofA 0-1 Year US Treasury Index |
0.42% |
--- |
1.00 |
1.24 |
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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