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 0.76 %
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 26 January 2021
Asset Under Management 246.60 Million (USD)
1 Month Total Return 0.24 %
Year To Date Return 0.13 %
1 Year Total Return 5.68 %
3 Year Annualized Total Return
NAV 26.66
Share Outstanding 9,250,000
Top 10 Holdings (26 January 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
Derivatives offset OTHR 0.1173875156
Fannie Mae or Freddie Mac TBA 2% due 08/01/2050 BOND 0.0542114542
U.S. Treasury Bill 0% due 02/23/2021 BILL 0.0400234463
Fannie Mae or Freddie Mac 2.50% due 02/01/2050 BOND 0.0290286222
U.S. Treasury Bill 0% due 01/28/2021 BILL 0.0269749853
U.S. Treasury Bill 0% due 02/16/2021 BILL 0.0255493549
U.S. Treasury Bill 0% due 02/09/2021 BILL 0.0252645795
U.S. Treasury Bill 0% due 02/18/2021 BILL 0.0174671155
U.S. Treasury Bill 0% due 02/04/2021 BILL 0.0152891178
Fannie Mae or Freddie Mac TBA 2% due 07/01/2050 BOND 0.0105247842