First Trust Exchange-Traded Fund IV First Trust Core Investment Grade ETFFirst Trust Exchange-Traded Fund IV First Trust Core Investment Grade ETFFirst Trust Exchange-Traded Fund IV First Trust Core Investment Grade ETF

First Trust Exchange-Traded Fund IV First Trust Core Investment Grade ETF

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Key stats


Assets under management (AUM)
‪439.69 M‬USD
Fund flows (1Y)
‪431.40 M‬USD
Dividend yield (indicated)
5.27%
Discount/Premium to NAV
0.2%
Shares outstanding
‪21.60 M‬
Expense ratio
0.57%

About First Trust Exchange-Traded Fund IV First Trust Core Investment Grade ETF


Issuer
AJM Ventures LLC
Brand
First Trust
Inception date
Nov 7, 2023
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Management style
Active
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
FTCB broadly invests in fixed income securities of various maturities rated as investment grade. The broad portfolio may comprise of corporate and government securities from around the world, including TIPS, asset-backed securities, and CLOs. Investments could also include securities by non-US corporations and governments, including issuers tied to emerging markets. Using quantitative and qualitative methods, the fund reviews macroeconomic and sector-specific risks and opportunities. It aims to maximize long-term total return through a relative value approach in which a securitys risk-versus-reward characteristics are assessed against other securities. Along with its value orientation, the fund utilizes an active approach to duration, yield curve, sector and security-specific risk. As an actively managed ETF, the fund manager has full discretion to make buy, hold, or sell decisions at any time. The fund may invest in derivatives that open investors to counterparty risk.

Classification


Asset Class
Fixed income
Category
Broad market, broad-based
Focus
Investment grade
Niche
Broad maturities
Strategy
Active
Geography
Global
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of January 13, 2025
Exposure type
Bonds, Cash & Other
Securitized
Corporate
Government
Mutual fund
Bonds, Cash & Other100.00%
Securitized47.74%
Corporate23.04%
Government14.53%
Mutual fund11.61%
Cash2.82%
Miscellaneous0.24%
Structured0.02%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows