Key stats
About First Trust TCW Opportunistic Fixed Income ETF
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Inception date
Feb 14, 2017
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
FIXD can be compared to other actively managed core bond ETFs in the space. TCW, FIXD`s sub-advisor, is a household name in the fixed income mutual fund space. FIXD`s investors are paying for the ability of TCW to outperform the market. FIXD has a long leash in selecting its investments. It can hold securities of various issuers, sectors, maturities, and credit qualities. It can also hold derivatives, including OTC derivatives, for hedging and other purposes. It only aims to have a weighted average duration within 1 year of the iconic Bloomberg US Aggregate Index. Since FIXD can hold high-yield and/or non-USD denominated securities, it will have a rather different yield, credit, and currency exposure profile than similar funds with the same duration.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Securitized
Government
Corporate
Bonds, Cash & Other100.00%
Securitized57.14%
Government19.35%
Corporate17.70%
Cash4.54%
Miscellaneous0.56%
Municipal0.46%
Loans0.26%
Stock breakdown by region
North America87.65%
Europe9.69%
Latin America1.60%
Asia0.55%
Middle East0.30%
Africa0.22%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history