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 21 June 2019
Asset Under Management 2969.28 Million (USD)
1 Month Total Return 0.76 %
Year To Date Return 2.48 %
1 Year Total Return 3.79 %
3 Year Annualized Total Return 2.86 %
NAV 51.55
Share Outstanding 57,600,000
Top 10 Holdings (21 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
US 2YR NOTE (CBT) Sep19 BOND 0.0212030939
U.S. Treasury Note 3.375% due 11/15/2019 BOND 0.0158433460
FREDDIEMAC STRIP Series 343 Class F4 Variable rate due 10/15/2037 BOND 0.0147415515
BMO CAPITAL MARKETS II Series BMOC-3883 Class A30 3% due 05/01/2049 BOND 0.0142647300
U.S. Treasury Note 2.25% due 03/31/2020 BOND 0.0138181964
U.S. Treasury Note 1.50% due 10/31/2019 BOND 0.0137653813
Fannie Mae FN BM5039 4.50% due 12/01/2048 BOND 0.0132706248
Freddie Mac FG U69055 4.50% due 10/01/2047 BOND 0.0131253747
FANNIE MAE Series 2019-26 Class GA 3.50% due 04/01/2049 BOND 0.0129058007
Fannie Mae FN BM6018 5% due 05/01/2049 BOND 0.0126445468