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 0.67 %
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 Treasury & Government
Credit Quality Not Applicable
Average Maturity Short (1-3 years)
Bond Currency Denomination Not Applicable
Key Statistics
Return As of Date 26 January 2021
Asset Under Management 6628.05 Million (USD)
1 Month Total Return 0.17 %
Year To Date Return 0.23 %
1 Year Total Return 1.00 %
3 Year Annualized Total Return 2.47 %
NAV 51.46
Share Outstanding 128,800,000
Top 10 Holdings (26 January 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
US Dollar CASH 0.2557327535
Derivatives offset OTHR 0.1881562676
Fannie Mae or Freddie Mac TBA 1.50% due 12/01/2050 BOND 0.0280150955
Fannie Mae FN MA3937 3% due 02/01/2050 BOND 0.0188953743
Fannie Mae FN FM2500 2.50% due 03/01/2035 BOND 0.0174861897
Fannie Mae FN FM1194 4.50% due 05/01/2039 BOND 0.0152514640
Freddie Mac Series 4673 Class WZ 3.50% due 04/15/2047 BOND 0.0141800293
Freddie Mac Series 4790 Class Z 4% due 05/15/2048 BOND 0.0139016937
Fannie Mae FN FM1725 2.50% due 11/01/2047 BOND 0.0102177373
Fannie Mae FN FM0085 4% due 03/01/2050 BOND 0.0101949054