Fund Description
The investment objective of the First Trust TCW Unconstrained Plus Bond ETF (the "Fund") is to seek to maximize long-term total return. Under normal market conditions, the Fund intends to invest at least 80% of its net assets (including investment borrowings) in a portfolio of fixed income securities. The Funds investment sub-advisor, TCW Investment Management Company LLC ("TCW" or the "Sub-Advisor"), will manage the Funds portfolio in an "unconstrained" manner, meaning that its investment universe is not limited to the securities of any particular index and it has discretion to invest in fixed income securities of any type or credit quality, including up to 70% in high yield (or "junk") securities, up to 60% in emerging market securities and up to 50% in securities denominated in foreign currencies. Additionally, under normal market conditions, the Funds average portfolio duration will vary from between 0 to 10 years. Duration is a measure of the expected price volatility of a fixed income security as a result of changes in market rates of interest.
Fund Profile
Fund Name First Trust TCW Unconstrained Plus Bond ETF
Fund Exchange Ticker UCON
Fund Sponsor First Trust
Fund ISIN US33740F8885
Net Expense Ratio 0.75 %
Fund Inception Date 4 June 2018
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Broad Market
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Funds Combining Developed & Emerging Exposure
Bond Type Broad Market
Credit Quality Fund Holds Both Investment Grade & High Yield
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination Multiple Currencies
Key Statistics
Return As of Date 14 June 2019
Asset Under Management 203.04 Million (USD)
1 Month Total Return 0.67 %
Year To Date Return 3.74 %
1 Year Total Return 4.81 %
3 Year Annualized Total Return
NAV 25.54
Share Outstanding 7,950,000
Top 10 Holdings (14 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
Homebanc Mortgage Trust Series 2005-4 Class A1 Variable rate due 10/25/2035 BOND
BCAP LLC Trust Series 2007-AA3 Class 1A1 Variable rate due 04/25/2037 BOND
WELLS FARGO & COMPANY Variable rate due 05/22/2028 BOND
FOX CORP 3.666% due 01/25/2022 BOND
FHLMC MULTIFAMILY STRUCTURED PASS THROUGH CERTS. Series K044 Class X1 Variable rate due 01/25/2025 BOND
DIGITAL REALTY TRUST LP 3.625% due 10/01/2022 BOND
CITIGROUP INC Variable rate due 04/24/2025 BOND
BOSTON SCIENTIFIC CORP 3.45% due 03/01/2024 BOND