Key stats
About First Trust Enhanced Short Maturity ETF
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Inception date
Aug 5, 2014
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
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
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
Corporate
Securitized
Cash
Bonds, Cash & Other100.00%
Corporate68.41%
Securitized16.40%
Cash14.07%
Government0.67%
Miscellaneous0.45%
Stock breakdown by region
North America94.23%
Europe5.19%
Asia0.58%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history