LMBS

First Trust Low Duration Opportunities ETF
*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.

LMBS Factset Analytics Insight

LMBS is an actively managed MBS ETF that has a duration target and 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 but LMBS’ short-duration mandate can lead to high portfolio turnover, with further implications for holding costs. Institutions should work with market makers on block trades, as some underlying non-agency-backed MBS and CMBS can be hard to access.

PERFORMANCE [as of 05/16/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
LMBS -- -- -- -- -- -- --
LMBS (NAV) -0.23% -1.50% -2.24% -2.89% 0.36% 1.04% --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

LMBS Summary Data

First Trust
11/04/14
Open-Ended Fund
0.66%
$5.50B
$38.02M
0.02%
N/A

LMBS Portfolio Data

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N/A
1,377

LMBS Index Data

No Underlying Index
Proprietary
Proprietary
N/A

LMBS Portfolio Management

0.66%
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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
-- / --
N/A
N/A
Low
Daily

LMBS Factset Analytics Block Liquidity

As of 05/17/22
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

800,775
$38.02M
730,413
$35.28M
0.02%
$0.01
-0.11%
0.19% / -0.43%
None
100.00%
50,000
14.61
0.02%
0.01%
78
$48.73
5

LMBS Sector/Industry Breakdown


LMBS
Segment Benchmark
84.49%
--
22.75%
--
-7.25%
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LMBS Top 10 Holdings[View All]

8.83%
4.46%
2.83%
2.77%
2.74%
2.54%
2.23%
1.72%
1.07%
1.02%
30.20%

LMBS Performance Statistics

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LMBS Holdings Statistics

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1,377
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LMBS Avg Life Maturity Distribution

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LMBS OAS Breakdown

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