First Trust TCW Unconstrained Plus Bond ETFFirst Trust TCW Unconstrained Plus Bond ETFFirst Trust TCW Unconstrained Plus Bond ETF

First Trust TCW Unconstrained Plus Bond ETF

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Key stats


Assets under management (AUM)
‪3.19 B‬USD
Fund flows (1Y)
‪1.57 B‬USD
Dividend yield (indicated)
4.99%
Discount/Premium to NAV
−0.09%

About First Trust TCW Unconstrained Plus Bond ETF


Issuer
AJM Ventures LLC
Brand
First Trust
Expense ratio
0.85%
Inception date
Jun 4, 2018
Index tracked
No Underlying Index
Management style
Active
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
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
StocksBonds, Cash & Other
Securitized
Miscellaneous
Government
Corporate
Stocks0.11%
Finance0.06%
Communications0.05%
Bonds, Cash & Other99.89%
Securitized41.69%
Miscellaneous23.28%
Government18.32%
Corporate11.86%
Cash4.55%
Loans0.17%
Municipal0.00%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Summary
Neutral
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Neutral
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Summary
Neutral
SellBuy
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.