FDIV

First Trust Strategic Income ETF
*Unless otherwise stated, data provided by FactSet.

FDIV Fund Description

FDIV seeks income across a broad range of assets, including high-yield bonds, bank loans, preferred stock, MBSs, MLPs, dividend-paying equity and sovereign debt. The actively managed fund allocates to multiple managers.

FDIV Factset Analytics Insight

In a popular space dominated by index-based ETFs, FDIV serves up an actively managed portfolio aiming for income from different asset groups. Here's the first wrinkle: each of those different asset groups has a different subadvisor, providing an additional active management layer. The fund hunts for income across a broad swath of asset types: high-yield bonds, bank loans, preferred stock, MBSs, MLPs, dividend-paying equity (including option overlays), and sovereign debt (including emerging markets).However, FDIV actively allocates to these asset types using a variety of inputs (momentum, fundamentals, long-term return expectations, correlations, and macroeconomic conditions) and has broad discretion with respect to weights (0% to 50%) in each asset class. This flexibility means that any resemblance to the broader income market is merely coincidental. The fund should appeal to those seeking yield but not the fixed top-line allocations used by many competitors.FDIV should be traded with care: daily volume is low and spreads can be extremely wide. Its underlying basket of other funds should make block trades a bit easier, especially when working through the issuer First Trust. Given all its moving parts, its fee seems reasonable.

FDIV Charts And Performance

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PERFORMANCE [as of 11/18/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FDIV -0.12% 2.40% 13.16% 9.00% 5.15% 4.07% --
FDIV (NAV) 0.00% 2.07% 12.88% 8.71% 5.29% 4.08% --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FDIV Summary Data

First Trust
08/13/14
Open-Ended Fund
0.87%
$88.65M
0.17%

FDIV Portfolio Data

4.09%
11/21/19

FDIV Index Data

No Underlying Index
Proprietary
Proprietary
N/A

FDIV Fund Structure

No
No
100% / 0%
N/A
N/A
Low
N/A
N/A

FDIV Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

FDIV Factset Analytics Block Liquidity

As of 11/19/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of FDIV. FDIV is rated a N/A out of 5.

FDIV Tradability

14,193
$719.81K
5,850
$295.02K
0.17%
$0.09
-0.02%
4.32% / -1.86%
None
96.76%
50,000
0.12
0.02%
--
0
$50.59
N/A