LMBS

First Trust Low Duration Opportunities ETF
B

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

LMBS 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

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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  • YTD
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COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 09/20/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
LMBS -0.08% 0.38% 0.71% 0.81% 3.29% -- --
LMBS (NAV) -0.11% 0.38% 0.57% 0.75% 3.34% -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

LMBS Top 10 Countries

LMBS Top 10 Sectors

LMBS Top 10 Holdings [View All]

LMBS Summary Data

First Trust
11/04/14
Open-Ended Fund
0.68%
$1.62B
$10.95M
0.02%

LMBS Portfolio Data

4.76
20.41 years
3.50%
09/14/18
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 09/21/18
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

210,987
$10.95M
193,219
$10.07M
0.02%
$0.01
0.13%
0.34% / -0.09%
None
100.00%
50,000
3.86
0.02%
0.00%
--
$50.88
5

LMBS Sector/Industry Breakdown


LMBS
Segment Benchmark
97.73%
--
2.27%
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LMBS Top 10 Holdings[View All]

15.22%
3.86%
3.18%
2.54%
2.38%
2.25%
1.53%
1.51%
35.9%

LMBS Top 5 Countries


LMBS
Segment Benchmark
100.00%
--

LMBS Top 5 Currencies


LMBS
Segment Benchmark
100.00%
--

LMBS Economic Development


LMBS
Segment Benchmark
100.00%
--
0.00%
--

LMBS Performance Statistics

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LMBS HOLDINGS STATISTICS


LMBS
Segment Benchmark
20.41 years
--
4.76
--
0.17
--
3.03
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3.50%
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--
Low
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1544
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BBB-
N/A

LMBS MATURITY DISTRIBUTION


LMBS
Segment Benchmark
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LMBS CREDIT BREAKDOWN


LMBS
Segment Benchmark
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