UCONFirst Trust TCW Unconstrained Plus Bond ETF
UCON Fund Description
The First Trust TCW Unconstrained Plus Bond ETF is an actively managed portfolio with broad leeway to invest in various fixed income securities of almost any sector, maturity, or credit quality. The fund seeks long-term total return.
UCON Factset Analytics Insight
UCONs active manager has broad discretion to invest in almost any kind of fixed income securities. The fund does not necessarily target any particular part of the bond market, but takes a flexible approach based on the managers top-down, long-term economic outlook. However, the manager may also employ independent, bottom-up research to identify undervalued securities.
While UCON does have some exposure limits, they are fairly lax: up to 70% in high-yield debt, 60% in emerging-market debt, 50% in non-USD-denominated debt, and 50% each in residential MBS, commercial MBS, and ABS. MBS not backed by a government or government-sponsored agency is limited to 20% of the portfolio. Individual holdings may be of any maturity, but UCONs portfolio duration will normally not exceed 10 years. The fund may also hold derivatives for hedging or duration management, not to exceed 20% of the portfolio.
While ultra-flexible, actively managed bond funds are not expected to come cheap, UCON still charges a bit more than its closest competitors.
UCON CHARTS AND PERFORMANCE
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UCON Top 10 Holdings [View All]
UCON Summary Data
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UCON Portfolio Management
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UCON Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of UCON. UCON is rated a N/A out of 5.
UCON Top 10 Holdings[View All]
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UCON HOLDINGS STATISTICS
UCON MATURITY DISTRIBUTION
UCON CREDIT BREAKDOWN