LMBS: First Trust Low Duration Opportunities ETF - MutualFunds.com

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First Trust Low Duration Oppos ETF

LMBS - Snapshot

Vitals

  • YTD Return -0.3%
  • 3 Yr Annualized Return 2.3%
  • 5 Yr Annualized Return 3.1%
  • Net Assets $6.39 B
  • Holdings in Top 10 70.4%

52 WEEK LOW AND HIGH

$51.61
$49.90
$52.72

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.65%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 331.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification


Compare LMBS to Popular U.S. Short-Term Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$11.00

+0.09%

$67.93 B

2.37%

$0.26

2.52%

0.20%

$82.84

+0.02%

$59.81 B

1.90%

$1.57

2.77%

0.05%

$10.86

0.00%

$59.81 B

-

$0.02

2.74%

0.15%

$4.19

0.00%

$55.37 B

2.99%

$0.13

-0.48%

0.60%

$82.96

-0.04%

$40.61 B

2.43%

$2.01

2.38%

0.05%

LMBS - Profile

Distributions

  • YTD Total Return -0.3%
  • 3 Yr Annualized Total Return 2.3%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.41%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Trust Low Duration Opportunities ETF
  • Fund Family Name
    First Trust
  • Inception Date
    Nov 04, 2014
  • Shares Outstanding
    124200002
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jeremiah Charles

Fund Description

Under normal market conditions, the fund will seek to achieve its investment objectives by investing at least 60% of its net assets (including investment borrowings) in mortgage-related debt securities and other mortgage-related instruments (collectively, "Mortgage-Related Investments"). The advisor normally expects to invest in Mortgage-Related Investments tied to residential and commercial mortgages. It is non-diversified.


LMBS - Performance

Return Ranking - Trailing

Period LMBS Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -8.5% 206.3% 91.05%
1 Yr 1.3% -5.2% 7.1% 91.51%
3 Yr 2.3%* -0.7% 4.6% 76.87%
5 Yr 3.1%* -0.8% 5.0% 10.52%
10 Yr N/A* 0.2% 4.2% N/A

* Annualized

Return Ranking - Calendar

Period LMBS Return Category Return Low Category Return High Rank in Category (%)
2019 1.5% -2.4% 5.0% 76.65%
2018 -1.1% -50.6% 1.0% 43.13%
2017 -1.0% -1.6% 2.8% 95.35%
2016 3.5% -65.8% 7.1% 5.80%
2015 -0.5% -75.0% 3.0% 7.86%

Total Return Ranking - Trailing

Period LMBS Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -8.5% 206.3% 91.05%
1 Yr 1.3% -6.8% 7.1% 78.10%
3 Yr 2.3%* -0.7% 4.6% 66.85%
5 Yr 3.1%* -0.8% 5.0% 9.94%
10 Yr N/A* 0.2% 4.2% N/A

* Annualized

Total Return Ranking - Calendar

Period LMBS Return Category Return Low Category Return High Rank in Category (%)
2019 1.5% -2.3% 7.2% 77.54%
2018 -1.1% -4.2% 6.5% 50.68%
2017 -1.0% -1.6% 5.9% 95.56%
2016 3.5% -65.2% 10.7% 7.37%
2015 -0.5% -7.0% 3.5% 22.38%

LMBS - Holdings

Concentration Analysis

LMBS Category Low Category High LMBS % Rank
Net Assets 6.39 B 4.48 M 67.9 B 16.19%
Number of Holdings 1634 3 4826 3.86%
Net Assets in Top 10 657 M -168 M 7.13 B 26.34%
Weighting of Top 10 70.39% 2.4% 100.0% 3.46%

Top 10 Holdings

  1. 5 Year Treasury Note Future Dec 20 13.60%
  2. 5 Year Treasury Note Future Dec 20 13.60%
  3. 5 Year Treasury Note Future Dec 20 13.60%
  4. 5 Year Treasury Note Future Dec 20 13.60%
  5. 5 Year Treasury Note Future Dec 20 13.60%
  6. 5 Year Treasury Note Future Dec 20 13.60%
  7. 5 Year Treasury Note Future Dec 20 13.60%
  8. 5 Year Treasury Note Future Dec 20 13.60%
  9. 5 Year Treasury Note Future Dec 20 13.60%
  10. 5 Year Treasury Note Future Dec 20 13.60%

Asset Allocation

Weighting Return Low Return High LMBS % Rank
Bonds
74.80% 0.00% 177.64% 96.14%
Cash
25.20% -80.64% 100.00% 2.35%
Other
0.01% -2.01% 20.06% 9.56%
Stocks
0.00% 0.00% 6.71% 51.17%
Preferred Stocks
0.00% 0.00% 51.61% 54.36%
Convertible Bonds
0.00% 0.00% 32.87% 95.30%

Bond Sector Breakdown

Weighting Return Low Return High LMBS % Rank
Securitized
80.57% 0.00% 90.75% 2.52%
Cash & Equivalents
18.93% 0.00% 100.00% 11.58%
Government
0.51% 0.00% 78.98% 89.26%
Derivative
0.00% 0.00% 27.60% 56.38%
Corporate
0.00% 0.00% 100.00% 100.00%
Municipal
0.00% 0.00% 17.16% 76.68%

Bond Geographic Breakdown

Weighting Return Low Return High LMBS % Rank
US
74.76% 0.00% 144.19% 70.81%
Non US
0.04% -22.36% 78.41% 97.65%

LMBS - Expenses

Operational Fees

LMBS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% 0.01% 34.57% 58.23%
Management Fee 0.65% 0.00% 1.19% 93.82%
12b-1 Fee 0.00% 0.00% 1.00% 6.83%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

LMBS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.50% 5.00% N/A

Trading Fees

LMBS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LMBS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 331.00% 0.00% 496.37% 94.18%

LMBS - Distributions

Dividend Yield Analysis

LMBS Category Low Category High LMBS % Rank
Dividend Yield 2.13% 0.00% 3.56% 1.67%

Dividend Distribution Analysis

LMBS Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

LMBS Category Low Category High LMBS % Rank
Net Income Ratio 2.41% -9.96% 4.42% 40.48%

Capital Gain Distribution Analysis

LMBS Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

LMBS - Fund Manager Analysis

Managers

Jeremiah Charles


Start Date

Tenure

Tenure Rank

Nov 04, 2014

5.99

6.0%

Mr. Charles is a Portfolio Manager for the First Trust Mortgage Securities Team. Prior to joining First Trust in 2013, Mr. Charles was a Vice President of Mortgage Product Sales at CRT Capital and a Senior Portfolio Manager at Deerfield Capital Management.

James Snyder


Start Date

Tenure

Tenure Rank

Nov 04, 2014

5.99

6.0%

Mr. Snyder is a Senior Vice President and Portfolio Manager for First Trust. Prior to joining First Trust in 2013, Mr. Snyder worked as a Senior Portfolio Manager at Fort Sheridan Advisors where he managed mortgage portfolios for institutional clients. Mr. Snyder has led several mortgage trading and portfolio groups at Deerfield Capital, Spyglass Capital & Trading and American Express Financial Advisors. Mr. Snyder holds a B.S. and M.A. in Economics from DePaul University and an MBA from University of Chicago Booth School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 27.75 5.89 0.83