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First Trust TCW Unconstrained Plus Bond ETFFF

First Trust TCW Unconstrained Plus Bond ETF

24.93USDR
−0.02−0.08%
Last update at 21:14 GMT
USD
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Analysis
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Key stats


Assets under management (AUM)
‪3.49 B‬ USD
Fund flows (1Y)
‪1.33 B‬ USD
Dividend yield (indicated)
4.81%
Discount/Premium to NAV
0.1%
Shares outstanding
‪140.25 M‬
Expense ratio
0.85%

About First Trust TCW Unconstrained Plus Bond ETF


Issuer
AJM Ventures LLC
Brand
First Trust
Home page
ftportfolios.com
Inception date
Jun 4, 2018
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
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
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 managers 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 UCONs 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.

Classification


Asset Class
Fixed income
Category
Broad market, broad-based
Focus
Broad credit
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 February 28, 2025
Exposure type
Bonds, Cash & Other
Securitized
Government
Corporate
Bonds, Cash & Other100.00%
Securitized57.14%
Government23.12%
Corporate14.30%
Miscellaneous3.25%
Cash2.00%
Loans0.18%
Municipal0.01%
Stock breakdown by region
3%88%7%0.7%0.3%0.8%
North America88.02%
Europe7.02%
Latin America3.19%
Asia0.79%
Africa0.68%
Middle East0.29%
Oceania0.00%
Top 10 holdings
Symbol
Assets
Symbol
Assets
U
United States Treasury Notes 4.0% 28-FEB-2030
11.94%
U
United States Treasury Notes 4.25% 31-JAN-2030
7.32%
F
FIXED INCOME (UNCLASSFIED)
3.20%
U
U.S. Dollar
2.00%
A
ASSET-BACKED SECURITIES
1.74%
G
GNMA II TBA 30yr 5.5% March Delivery 5.500% 01-DEC-2054
1.40%
G
GNMA II TBA 30yr 5% March Delivery 5.000% 01-DEC-2054
1.13%
U
UMBS TBA 30yr 4.5% April Delivery 4.500% 01-OCT-2054
1.06%
U
UMBS TBA 30yr 2.5% March Delivery 2.500% 01-JUN-2052
1.01%
F
Fannie Mae REMIC Trust 2024-82 CF 5.70098% 25-NOV-2054
0.91%
Top 10 weight31.71%
938 total holdings

Dividends


Aug '24
Sep '24
Oct '24
Nov '24
Dec '24
Jan '25
Feb '25
‪0.00‬
‪0.03‬
‪0.06‬
‪0.09‬
‪0.12‬
Dividend amount
Dividend payout history
Ex-date
Record date
Pay date
Amount
Frequency
Feb 21, 2025
Feb 21, 2025
Feb 28, 2025
0.095
Monthly
Jan 22, 2025
Jan 22, 2025
Jan 31, 2025
0.095
Monthly
Dec 13, 2024
Dec 13, 2024
Dec 31, 2024
0.095
Monthly
Nov 21, 2024
Nov 21, 2024
Nov 29, 2024
0.095
Monthly
Oct 22, 2024
Oct 22, 2024
Oct 31, 2024
0.105
Monthly
Sep 26, 2024
Sep 26, 2024
Sep 30, 2024
0.105
Monthly
Aug 21, 2024
Aug 21, 2024
Aug 30, 2024
0.105
Monthly

Assets under management (AUM)



Fund Flows