ETF overview
The First Trust Core Investment Grade ETF (the "Fund") aims to maximize its long-term total return. Under typical market conditions, the Fund endeavors to invest its entire "Investment Portfolio" in high-quality, investment-grade securities. To qualify as investment-grade, a security must, at the time of purchase, carry a credit rating of at least Baa3/BBB- from a nationally recognized statistical rating organization (NRSRO). Alternatively, if unrated, it must be determined by the Fund's investment advisor to possess equivalent credit quality. This "Investment Portfolio" exclusively consists of such investment-grade securities hand-picked by the Fund's portfolio managers. It specifically excludes any uninvested cash or other fund assets not directly tied to its core investment strategy, including, but not limited to, outstanding receivables or assets acquired through an issuer's financial restructuring.
Fund facts
- Expense ratio
- 0.56%
- Fund assets
- 2.72B USD (all share classes)
- Issuer
- First Trust
- Inception date
- Nov 7, 2023
- Number of holdings
- 797
Breakdown
Holdings (797)
| Name | Ticker | Weight |
|---|---|---|
| US 2YR NOTE (CBT) Dec26 | 15.41% | |
| US 5YR NOTE (CBT) Dec26 | 6.84% | |
| Fannie Mae or Freddie Mac TBA, 6%, due 06/01/2056 | 3.08% | |
| US ULTRA BOND CBT Dec26 | 2.60% | |
| Fannie Mae or Freddie Mac TBA, 3.50%, due 02/01/2052 | 1.99% | |
| GNMA G2 MA7366, 2%, due 05/20/2051 | 1.53% | |
| GNMA G2 788850, 6%, due 09/20/2066 | 1.24% | |
| U.S. Treasury Bill, 0%, due 10/20/2026 | 0.94% | |
| U.S. Treasury Bill, 0%, due 10/22/2026 | 0.94% | |
| U.S. Treasury Bill, 0%, due 10/27/2026 | 0.94% | |
| and 784 more | ||
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.56%
- Fund assets
- 2.72B USD (all share classes)
- Issuer
- First Trust
- Inception date
- Nov 7, 2023
- Number of holdings
- 797
| Name | Ticker | Weight |
|---|---|---|
| US 2YR NOTE (CBT) Dec26 | 15.41% | |
| US 5YR NOTE (CBT) Dec26 | 6.84% | |
| Fannie Mae or Freddie Mac TBA, 6%, due 06/01/2056 | 3.08% | |
| US ULTRA BOND CBT Dec26 | 2.60% | |
| Fannie Mae or Freddie Mac TBA, 3.50%, due 02/01/2052 | 1.99% | |
| GNMA G2 MA7366, 2%, due 05/20/2051 | 1.53% | |
| GNMA G2 788850, 6%, due 09/20/2066 | 1.24% | |
| U.S. Treasury Bill, 0%, due 10/20/2026 | 0.94% | |
| U.S. Treasury Bill, 0%, due 10/22/2026 | 0.94% | |
| U.S. Treasury Bill, 0%, due 10/27/2026 | 0.94% | |
| and 784 more | ||
The First Trust Core Investment Grade ETF (the "Fund") aims to maximize its long-term total return. Under typical market conditions, the Fund endeavors to invest its entire "Investment Portfolio" in high-quality, investment-grade securities. To qualify as investment-grade, a security must, at the time of purchase, carry a credit rating of at least Baa3/BBB- from a nationally recognized statistical rating organization (NRSRO). Alternatively, if unrated, it must be determined by the Fund's investment advisor to possess equivalent credit quality. This "Investment Portfolio" exclusively consists of such investment-grade securities hand-picked by the Fund's portfolio managers. It specifically excludes any uninvested cash or other fund assets not directly tied to its core investment strategy, including, but not limited to, outstanding receivables or assets acquired through an issuer's financial restructuring.
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