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 12/02/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
LMBS -0.42% -1.01% -1.05% -1.26% -0.01% -0.54% --
LMBS (NAV) -0.41% -0.94% -1.02% -0.92% 0.06% -0.53% --
No Underlying Index -- -- -- -- -- -- --
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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
0.68%
$6.55B
$42.56M
0.02%
N/A

LMBS Portfolio Data

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N/A
1,388

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
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N/A
N/A
Low
Daily

LMBS Factset Analytics Block Liquidity

As of 12/03/21
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

871,556
$42.56M
777,582
$38.96M
0.02%
$0.01
-0.02%
0.29% / -0.28%
None
100.00%
50,000
15.55
0.02%
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12
$50.19
5

LMBS Top 10 Holdings[View All]

8.12%
7.16%
5.52%
5.31%
3.94%
3.14%
2.89%
2.54%
2.54%
1.47%
42.63%

LMBS Performance Statistics

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LMBS Holdings Statistics


LMBS
Segment Benchmark
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1,388
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N/A

LMBS Maturity Distribution


LMBS
Segment Benchmark
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LMBS Credit Breakdown


LMBS
Segment Benchmark
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