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Investment Objective/Strategy - The First Trust Long Duration Opportunities ETF's (the "Fund") primary investment objective is to generate current income with a focus on preservation of capital. Under normal market conditions, the Fund will invest at least 80% of its net assets (including investment borrowings) in a portfolio of investment-grade debt securities issued or guaranteed by the U.S. government, its agencies or government-sponsored entities, including publicly-issued U.S. Treasury securities and mortgage-related securities. The Fund may also invest in exchange-traded funds ("ETFs") that principally invest in such securities. The Fund may purchase mortgage-related securities in "to-be-announced" transactions ("TBA Transactions"), including mortgage dollar rolls.
There can be no assurance that the Fund's investment objectives will be achieved.
Ticker | LGOV |
Fund Type | Government Securities |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon |
CUSIP | 33738D606 |
ISIN | US33738D6067 |
Intraday NAV | LGOVIV |
Fiscal Year-End | 10/31 |
Exchange | NYSE Arca |
Inception | 1/22/2019 |
Inception Price | $25.00 |
Inception NAV | $25.00 |
Expense Ratio | 0.70% |
Closing NAV1 | $28.35 |
Closing Market Price2 | $28.43 |
Bid/Ask Midpoint | $28.48 |
Bid/Ask Premium | 0.46% |
30-Day Median Bid/Ask Spread3 | 0.74% |
Total Net Assets | $36,856,175 |
Outstanding Shares | 1,300,002 |
Daily Volume | 3,505 |
Average 30-Day Daily Volume | 22,948 |
Closing Market Price 52-Week High/Low | $30.99 / $27.42 |
Closing NAV 52-Week High/Low | $30.81 / $27.46 |
Number of Holdings (excluding cash) | 54 |
Holding |
Percent |
Fannie Mae or Freddie Mac TBA, 2%, due 07/01/2050 |
5.61% |
GNMA Series 2010-61, Class KE, 5%, due 05/16/2040 |
4.57% |
FHLMC Multifamily Structured Pass Though Certs. Series K158, Class A2, Variable rate, due 12/25/2030 |
3.64% |
U.S. Treasury Bond, 1.25%, due 05/15/2050 |
3.50% |
Fannie Mae Series 2015-66, Class CL, 3.50%, due 07/25/2041 |
2.87% |
Fannie Mae or Freddie Mac TBA, 1.50%, due 12/01/2050 |
2.72% |
FHLMC Multifamily Structured Pass Through Certs. Series K123, Class XAM, Variable rate, due 12/01/2030 |
2.02% |
FHLMC Multifamily Structured Pass Through Certs. Series K120, Class XAM, 1.21102%, due 10/25/2030 |
2.01% |
FHLMC Multifamily Structured Pass Through Certs. Series K109, Class XAM, Variable rate, due 04/25/2030 |
2.00% |
GNMA Series 2020-159, Class Z, 2.50%, due 10/15/2062 |
1.93% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Weighted Average Effective Duration8 | 11.47 Years |
Weighted Average Effective Duration (Long Positions)8 | 11.45 Years |
Weighted Average Effective Duration (Short Positions)8 | 0.02 Years |
Weighted Average Effective Maturity | 16.89 Years |
|
Percent |
Agency MBS CMOs |
39.35% |
Agency CMBS |
25.21% |
U.S. Treasury Futures |
13.92% |
Agency MBS Pass-Throughs |
10.53% |
Cash & Cash Equivalents |
5.73% |
U.S. Treasuries |
5.24% |
Other |
0.02% |
Government ETF |
0.00% |
Non-Agency CMBS |
0.00% |
Non-Agency RMBS |
0.00% |
Please note that percentage of 0.00 indicates an amount less than 0.01%.
|
2020 |
Q1 2021 |
Q2 2021 |
Q3 2021 |
Days Traded at Premium |
182 |
12 |
--- |
--- |
Days Traded at Discount |
71 |
1 |
--- |
--- |
Government & Agency
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94.27%
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Cash & Cash Equivalents
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5.73%
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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.
ICE BofA 5+ Year US Treasury Index - The Index is a subset of ICE BofA US Treasury Index including all securities with a remaining term to final maturity greater than or equal to 5 years.
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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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