First Trust Enhanced Short Maturity ETFFirst Trust Enhanced Short Maturity ETFFirst Trust Enhanced Short Maturity ETF

First Trust Enhanced Short Maturity ETF

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Key stats


Assets under management (AUM)
‪6.07 B‬USD
Fund flows (1Y)
‪−1.49 B‬USD
Dividend yield (indicated)
4.95%
Discount/Premium to NAV
0.03%

About First Trust Enhanced Short Maturity ETF


Issuer
AJM Ventures LLC
Brand
First Trust
Expense ratio
0.45%
Inception date
Aug 5, 2014
Index tracked
No Underlying Index
Management style
Active
FTSM is an actively managed fund that primarily invests in a variety of USD-denominated fixed-income securities for capital preservation and income generation. The fund selects securities for the portfolio by evaluating fixed income sectors and macro market trends while completing bottom-up analysis of individual securities. The portfolio allocates most of its assets to investment grade securities but rather than holding solely investment-grade securities, FTSM reaches into bank loans often rated as non-investment grade for additional yield. The Fund may also invest in fixed income securities issued by non-U.S. corporations and governments and at least 20% may be invested in privately-issued mortgage- and asset-backed securities or in floating rate loans by companies or other entities from banks and other lenders. The fund targets an average maturity of less than three years.

Classification


Asset Class
Fixed income
Category
Broad market, broad-based
Focus
Broad credit
Niche
Short-term
Strategy
Active
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 November 21, 2024
Exposure type
Bonds, Cash & Other
Corporate
Cash
Securitized
Bonds, Cash & Other100.00%
Corporate63.35%
Cash23.53%
Securitized12.47%
Government0.65%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows