LMBS

First Trust Low Duration Opportunities ETF
B

N/A
*Unless otherwise stated, data provided by FactSet.

LMBS 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

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
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COMPARE
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Select ETFs to compare their performance:
PERFORMANCE [as of 01/17/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
LMBS 0.26% 0.94% -0.01% 1.71% 3.22% -- --
LMBS (NAV) 0.38% 1.04% 0.17% 1.72% 3.31% -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

LMBS Top 10 Holdings [View All]

LMBS Summary Data

First Trust
11/04/14
Open-Ended Fund
0.68%
$2.23B
$23.09M
0.03%

LMBS Portfolio Data

4.76
20.41 years
3.50%
01/23/19
1544

LMBS Index Data

No Underlying Index
Proprietary
Proprietary
N/A

LMBS Portfolio Management

0.68%
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LMBS Tax Exposures

20.00% / 39.60%
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Ordinary income
No

LMBS Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

LMBS Factset Analytics Block Liquidity

As of 01/18/19
5
4
3
2
1

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

LMBS Tradability

452,749
$23.09M
378,985
$19.32M
0.03%
$0.01
0.13%
0.34% / -0.08%
None
100.00%
50,000
7.58
0.02%
--
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$51.06
5

LMBS Top 10 Holdings[View All]

14.49%
4.48%
3.07%
1.74%
1.73%
1.51%
1.51%
1.51%
1.46%
1.40%
32.9%

LMBS Performance Statistics

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LMBS HOLDINGS STATISTICS


LMBS
Segment Benchmark
20.41 years
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4.76
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3.50%
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1544
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N/A
N/A

LMBS MATURITY DISTRIBUTION


LMBS
Segment Benchmark
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LMBS CREDIT BREAKDOWN


LMBS
Segment Benchmark
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