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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 | 0.68% |
Closing NAV1 | $51.09 |
Closing Market Price2 | $51.14 |
Bid/Ask Midpoint | $51.14 |
Bid/Ask Premium | 0.08% |
Total Net Assets | $2,365,620,344 |
Outstanding Shares | 46,300,002 |
Daily Volume | 274,418 |
Average 30-Day Daily Volume | 434,911 |
Closing Market Price 52-Week High/Low | $51.47 / $50.81 |
Closing NAV 52-Week High/Low | $51.40 / $50.75 |
Number of Holdings | 1591 |
Weighted Average Effective Duration (Long Positions)7 | 3.32 Years |
Weighted Average Effective Duration (Short Positions)7 | -1.38 Years |
Weighted Average Effective Net Duration7 | 1.94 Years |
Weighted Average Effective Maturity | 3.05 Years |
Number of Holdings | 163 |
Average Holding Size | 0.09% |
Weighted Average Effective Maturity | 1.85 Years |
Weighted Average Coupon | 3.64% |
Weighted Average Price | $100.16 |
Holding |
Percent |
GNMA TBA, 4.50%, due 09/01/2048 |
4.82% |
Fannie Mae TBA, 5%, due 09/01/2048 |
3.12% |
FREDDIEMAC STRIP Series 343, Class F4, Variable rate, due 10/15/2037 |
1.74% |
U.S. Treasury Note, 3.375%, due 11/15/2019 |
1.70% |
U.S. Treasury Note, 2.25%, due 02/29/2020 |
1.69% |
Fannie Mae TBA, 4.50%, due 08/01/2048 |
1.54% |
U.S. Treasury Note, 2.25%, due 03/31/2020 |
1.48% |
Freddie Mac FG U69055, 4.50%, due 10/01/2047 |
1.47% |
Fannie Mae FN BM5039, 4.50%, due 12/01/2048 |
1.42% |
Fannie Mae FN BM3980, Variable rate, due 02/01/2043 |
1.31% |
Holdings are subject to change.
Past performance is not indicative of future results.
Among 476 funds in the Short-Term Bond category. This fund was rated 5 stars/476 funds (3 years).
Number of Days Bid/Ask Midpoint Above NAV
Quarter Ended |
0-49 Basis Points |
50-99 Basis Points |
100-199 Basis Points |
>=200 Basis Points |
12/31/2018 |
63 |
0 |
0 |
0 |
9/30/2018 |
60 |
1 |
0 |
0 |
6/30/2018 |
54 |
0 |
0 |
0 |
3/31/2018 |
50 |
0 |
0 |
0 |
Number of Days Bid/Ask Midpoint Below NAV
Quarter Ended |
0-49 Basis Points |
50-99 Basis Points |
100-199 Basis Points |
>=200 Basis Points |
12/31/2018 |
0 |
0 |
0 |
0 |
9/30/2018 |
2 |
0 |
0 |
0 |
6/30/2018 |
10 |
0 |
0 |
0 |
3/31/2018 |
11 |
0 |
0 |
0 |
The price used to calculate market return is determined by using the midpoint between the highest bid and the lowest offer on the stock exchange, on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated.
|
Percent |
Agency MBS Pass-throughs |
50.35% |
Agency MBS CMOs |
21.36% |
Non-Agency RMBS |
14.03% |
U.S. Treasuries |
5.45% |
Cash & Cash Equivalents |
5.01% |
Agency CMBS |
2.70% |
Non-Agency CMBS |
0.71% |
Government ETF |
0.40% |
Other |
-0.01% |
Government
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80.25%
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Cash&Cash Equivalents
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5.01%
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AAA
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10.23%
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AA+
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0.04%
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AA
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0.37%
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AA-
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0.01%
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A+
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0.65%
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A
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0.13%
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BBB+
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0.02%
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BBB
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0.05%
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BBB-
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0.01%
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BB+
|
0.70%
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BB
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0.05%
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B
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0.04%
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CCC+
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0.01%
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NR
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2.43%
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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 |
1.15% |
2.30 |
0.46 |
1.78 |
0.46 |
ICE BofAML 1-5 year US Treasury & Agency Index |
1.31% |
--- |
1.00 |
-0.18 |
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 BofAML 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 and the Internal Revenue Code. First Trust has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. First Trust believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.
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