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 07/16/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
LMBS -0.15% -0.05% -0.09% -0.61% 0.14% -0.15% --
LMBS (NAV) 0.07% 0.00% -0.09% -0.42% 0.20% -0.11% --
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
0.68%
$6.85B
$53.27M
0.02%

LMBS Portfolio Data

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N/A
1,696

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 07/19/21
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 N/A out of 5.

LMBS Tradability

1,045,431
$53.27M
735,267
$37.42M
0.02%
$0.01
0.08%
0.29% / -0.16%
None
100.00%
50,000
14.71
0.02%
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21
$50.91
N/A

LMBS Top 10 Holdings[View All]

7.99%
4.19%
3.54%
3.16%
3.16%
2.29%
1.94%
1.60%
1.55%
1.52%
30.93%

LMBS Performance Statistics

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LMBS Holdings Statistics

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1,696
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LMBS Avg Life Maturity Distribution

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LMBS OAS Breakdown

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