Fund Description
The First Trust Low Duration Mortgage Opportunities ETF is an actively managed exchange-traded fund. The Funds primary objective is to generate current income with a secondary objective of capital appreciation. Under normal market conditions, the fund will seek to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in investment grade, mortgage-related debt securities and other mortgage-related instruments tied to residential and commercial mortgages.
Fund Profile
Fund Name First Trust Low Duration Opportunities ETF
Fund Exchange Ticker LMBS
Fund Sponsor First Trust
Fund ISIN US33739Q2003
Net Expense Ratio 0.68 %
Fund Inception Date 5 November 2014
Fund Legal Structure ETF (Open end fund)
Exchange NASDAQ
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 Mortgage
Credit Quality Not Applicable
Average Maturity Short (1-3 years)
Bond Currency Denomination Not Applicable
Key Statistics
Return As of Date 18 January 2019
Asset Under Management 2234.31 Million (USD)
1 Month Total Return 0.20 %
Year To Date Return 0.00 %
1 Year Total Return 1.82 %
3 Year Annualized Total Return 3.12 %
NAV 51.07
Share Outstanding 43,750,000
Top 10 Holdings (17 January 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
GNMA TBA 4.50% due 07/01/2048 BOND 0.0792542011
Fannie Mae TBA 5% due 09/01/2048 BOND 0.0579761771
U.S. Treasury Note 3.375% due 11/15/2019 BOND 0.0246931333
U.S. Treasury Note 2.25% due 02/29/2020 BOND 0.0244520212
Freddie Mac FG U69055 4.50% due 10/01/2047 BOND 0.0214439254
GNMA G2 BJ7736 4.50% due 12/20/2048 BOND 0.0213950688
U.S. Treasury Note 2.25% due 03/31/2020 BOND 0.0213892271
Fannie Mae FN BM5039 4.50% due 12/01/2048 BOND 0.0206814963
Fannie Mae FN BM3980 Variable rate due 02/01/2043 BOND 0.0198299645
US ULTRA BOND CBT Mar19 BOND 0.0195228857