LMBS
First Trust Low Duration Opportunities ETFLMBS Fund Description
LMBS is an actively managed fund that invests in a variety of mortgage-backed securities with target duration of less than 3 years. The fund may also take positions in US Treasury futures or options.
LMBS Factset Analytics Insight
LMBS is a one-of-a-kind actively managed MBS ETF. Not only does it have a duration target, it also reaches beyond agency-backed MBS to include non-agency and commercial MBS, for relative value and yield. As such, the portfolio carries material credit risk that is greater than that of pure-play agency-MBS funds. The fund's low-duration mandate increases its appeal to investors who are nervous about rising interest rates. LMBS is readily tradable, with decent daily volume and small spreads. While it has a liquid underlying basket, institutions should work with market makers on block trades, as some underlying non-agency-backed MBS and CMBS can be hard to access. LMBS charges a fee that is a bit steep even for an actively managed bond fund, and the fund's short-duration mandate can lead to high portfolio turnover, with further implications for holding costs.
LMBS Charts And Performance
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1 Month
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3 Months
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YTD
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1 Year
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3 Years
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5 Years
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1 Month
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3 Months
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YTD
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1 Year
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3 Years
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5 Years
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LMBS Summary Data
LMBS Portfolio Data
LMBS Index Data
LMBS Portfolio Management
LMBS Tax Exposures
LMBS Fund Structure
LMBS Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of LMBS. LMBS is rated a N/A out of 5.
LMBS Tradability
LMBS Top 10 Holdings
LMBS Performance Statistics
LMBS Holdings Statistics
LMBS Avg Life Maturity Distribution
LMBS OAS Breakdown
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