Fund Description
The First Trust TCW Securitized Plus ETF seeks to maximize long-term total return. Under normal market conditions, the Fund will invest at least 80% of its net assets (including investment borrowings) in securitized debt securities, including asset-backed securities, residential and commercial mortgage-backed securities and collateralized loan obligations ("CLOs"). The Funds investment sub-advisor, TCW Investment Management Company LLC ("TCW" or the "Sub-Advisor") seeks to outperform the Bloomberg Barclays U.S. Mortgage-Backed Securities Index over a full market cycle through the utilization of independent, bottom-up research to identify securities that are undervalued and that offer a superior risk/reward profile. Under normal conditions, the Funds average portfolio duration varies within two years (plus or minus) of the portfolio duration of the securities comprising the Bloomberg Barclays U.S. Mortgage-Backed Securities Index. As a separate measure, there is no limit on the weighted average maturity of the Funds portfolio. While maturity refers to the expected life of a security, duration is a measure of the expected price volatility of a debt security as a result of changes in market rates of interest.
Fund Profile
Fund Name First Trust TCW Securitized Plus ETF
Fund Exchange Ticker DEED
Fund Sponsor First Trust
Fund ISIN US33740U1097
Net Expense Ratio 0.65 %
Fund Inception Date 29 April 2020
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Mortgage
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Treasury & Government
Credit Quality Investment Grade Only
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 26 January 2021
Asset Under Management 23.31 Million (USD)
1 Month Total Return 0.37 %
Year To Date Return 0.32 %
1 Year Total Return
3 Year Annualized Total Return
NAV 25.9
Share Outstanding 900,002
Top 10 Holdings (26 January 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
U.S. Treasury Bill 0% due 01/28/2021 BILL 0.1410834949
US 2YR NOTE (CBT) Mar21 TUH1 FUTR 0.1235553363
Fannie Mae or Freddie Mac TBA 2% due 08/01/2050 BOND 0.1154254896
Fannie Mae or Freddie Mac 2.50% due 02/01/2050 BOND 0.0599735878
U.S. Treasury Note 0.125% due 11/30/2022 BOND 0.0593676136
GNMA TBA 2% due 07/01/2050 BOND 0.0446716529
Fannie Mae or Freddie Mac TBA 2% due 07/01/2050 BOND 0.0444733870
GNMA TBA 2.50% due 05/01/2050 BOND 0.0418263909
U.S. Treasury Note 0.375% due 12/31/2025 BOND 0.0401467301
U.S. Treasury Bill 0% due 02/25/2021 BILL 0.0301081460