LMBS
First Trust Low Duration Opportunities ETFLMBS Fund Description
The First Trust Low Duration Opportunities ETF 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
-
1 Month
-
3 Months
-
YTD
-
1 Year
-
3 Years
-
5 Years
-
Max
-
1 Month
-
3 Months
-
YTD
-
1 Year
-
3 Years
-
5 Years
-
Max
-
LMBS Top 10 Countries
LMBS Top 10 Sectors
LMBS Top 10 Holdings [View All]
LMBS Portfolio 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 5 out of 5.
LMBS Tradability
LMBS Sector/Industry Breakdown
LMBS
LMBS Top 10 Holdings[View All]
LMBS Top 5 Countries
LMBS
LMBS Top 5 Currencies
LMBS
LMBS Economic Development
LMBS
LMBS Performance Statistics
LMBS HOLDINGS STATISTICS
LMBS
LMBS MATURITY DISTRIBUTION
LMBS
LMBS CREDIT BREAKDOWN
LMBS
The data and information contained herein is not intended to be investment or tax advice. A reference to a particular investment or security, a credit rating, or any observation concerning a security or investment provided in the ETF.com Service is not a recommendation to buy, sell, or hold such investment or security or to make any other investment decisions. You should not use such information for purposes of any actual transaction without consulting an investment or tax professional.
ETF.com DOES NOT TAKE RESPONSIBILITY FOR YOUR INVESTMENT OR OTHER ACTIONS NOR SHALL ETF.com HAVE ANY LIABILITY, CONTINGENT OR OTHERWISE, FOR THE ACCURACY, COMPLETENESS, TIMELINESS, OR CORRECT SEQUENCING OF ANY INFORMATION PROVIDED BY ETF.com OR FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON SUCH INFORMATION OR ETF.com.
[ETF.com DOES NOT PROVIDE ANY RESEARCH OPINIONS.] ETF.com MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, PRODUCTS OR SERVICES CONTAINED HEREIN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
Data provider:
Terms of Use