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 19 March 2019
Asset Under Management 2525.64 Million (USD)
1 Month Total Return 0.31 %
Year To Date Return 0.87 %
1 Year Total Return 2.48 %
3 Year Annualized Total Return 2.97 %
NAV 51.23
Share Outstanding 49,300,000
Top 10 Holdings (18 March 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
GNMA TBA 4.50% due 09/01/2048 BOND 0.0358195896
FREDDIEMAC STRIP Series 343 Class F4 Variable rate due 10/15/2037 BOND 0.0233113138
U.S. Treasury Note 3.375% due 11/15/2019 BOND 0.0231754191
U.S. Treasury Note 2.25% due 02/29/2020 BOND 0.0229944348
U.S. Treasury Note 2.25% due 03/31/2020 BOND 0.0201161912
Freddie Mac FG U69055 4.50% due 10/01/2047 BOND 0.0198222138
Fannie Mae FN BM5039 4.50% due 12/01/2048 BOND 0.0192579406
US ULTRA BOND CBT Jun19 BOND 0.0177648949
Fannie Mae FN BM3980 Variable rate due 02/01/2043 BOND 0.0175311569
Fannie Mae FN MA3422 5% due 07/01/2048 BOND 0.0156590813