UCONFirst Trust TCW Unconstrained Plus Bond ETF
UCON Fund Description
UCON is an actively managed fund, which broadly invests in various fixed income securities of almost any sector, maturity, or credit quality.
UCON Factset Analytics Insight
UCON seeks long-term total return with its broad discretion to invest in almost any kind of fixed income securities. The fund does not necessarily target any particular part of the bond market, but takes a flexible approach based on the manager’s top-down, long-term economic outlook. However, the manager may also employ independent, bottom-up research to identify undervalued securities. While UCON does have some exposure limits, they are fairly lax: up to 70% in high-yield debt, 60% in emerging-market debt, 50% in non-USD-denominated debt, and 50% each in residential MBS, commercial MBS, and ABS. MBS not backed by a government or government-sponsored agency is limited to 20% of the portfolio. Individual holdings may be of any maturity, but UCON’s portfolio duration will normally not exceed 10 years. The fund may also hold derivatives for hedging or duration management but not to exceed 20% of the portfolio.
UCON Summary Data
UCON Portfolio Data
UCON Index Data
UCON Portfolio Management
UCON Tax Exposures
UCON Fund Structure
UCON Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of UCON. UCON is rated a N/A out of 5.