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First Trust Low Duration Opportunities ETFFF

First Trust Low Duration Opportunities ETF

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Analysis
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Key stats


Assets under management (AUM)
‪4.94 B‬ USD
Fund flows (1Y)
‪843.13 M‬ USD
Dividend yield (indicated)
4.16%
Discount/Premium to NAV
0.01%
Shares outstanding
‪100.85 M‬
Expense ratio
0.64%

About First Trust Low Duration Opportunities ETF


Issuer
AJM Ventures LLC
Brand
First Trust
Home page
ftportfolios.com
Inception date
Nov 4, 2014
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
LMBS is an actively managed MBS ETF that has a duration target and reaches beyond agency-backed MBS to include non-agency and commercial MBS, for relative value and yield. As such, the portfolio carries material credit risk that is greater than that of pure-play agency-MBS funds. The fund's low-duration mandate increases its appeal to investors who are nervous about rising interest rates but LMBS short-duration mandate can lead to high portfolio turnover, with further implications for holding costs. Institutions should work with market makers on block trades, as some underlying non-agency-backed MBS and CMBS can be hard to access.

Classification


Asset Class
Fixed income
Category
Broad market, asset-backed
Focus
Broad credit
Niche
Short-term
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance——————
NAV total return——————

What's in the fund


As of April 30, 2025
Exposure type
Bonds, Cash & Other
Securitized
Government
Bonds, Cash & Other100.00%
Securitized79.26%
Government13.73%
Mutual fund5.27%
Cash1.18%
Corporate0.52%
ETF0.05%
Miscellaneous−0.01%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Symbol
Assets
Symbol
Assets
M
Morgan Stanley Institutional Liquidity Funds treasury Portfolio Institutional
5.27%
U
United States Treasury Bills 0.0% 27-MAY-2025
1.85%
U
United States Treasury Bills 0.0% 05-JUN-2025
1.84%
U
United States Treasury Bills 0.0% 24-JUN-2025
1.84%
U
United States Treasury Bills 0.0% 31-JUL-2025
1.83%
U
United States Treasury Bills 0.0% 26-AUG-2025
1.83%
U
UMBS TBA 30yr 5% June Delivery 5.000% 01-JAN-2055
1.54%
U
UMBS TBA 30yr 3.5% June Delivery 3.500% 01-DEC-2054
1.47%
F
FNMA 30yr Pool#FM3003 4.000% 01-May-2049 4.0% 01-MAY-2049
1.34%
U
UMBS TBA 30yr 3% June Delivery 3.000% 01-JUN-2052
1.29%
Top 10 weight20.10%
1034 total holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows