Key stats
About First Trust Low Duration Opportunities ETF
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Inception date
Nov 4, 2014
Structure
Open-Ended Fund
Replication method
Physical
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
LMBS is an actively managed MBS ETF that has a duration target and reaches beyond agency-backed MBS to include non-agency and commercial MBS, for relative value and yield. As such, the portfolio carries material credit risk that is greater than that of pure-play agency-MBS funds. The fund's low-duration mandate increases its appeal to investors who are nervous about rising interest rates but LMBS short-duration mandate can lead to high portfolio turnover, with further implications for holding costs. Institutions should work with market makers on block trades, as some underlying non-agency-backed MBS and CMBS can be hard to access.
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
Bonds, Cash & Other100.00%
Securitized83.59%
Government14.63%
Cash1.02%
Mutual fund1.01%
ETF0.06%
Rights & Warrants−0.31%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
LMBS invests in bonds. The fund's major sectors are Securitized, with 83.59% stocks, and Government, with 14.63% of the basket. The assets are mostly located in the N/A region.
LMBS top holdings are United States Treasury Bills 0.0% 22-JUL-2025 and United States Treasury Bills 0.0% 31-JUL-2025, occupying 3.59% and 1.79% of the portfolio correspondingly.
LMBS last dividends amounted to 0.17 USD. The month before, the issuer paid 0.17 USD in dividends,
LMBS assets under management is 5.06 B USD. It's risen 1.80% over the last month.
LMBS fund flows account for 863.88 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, LMBS pays dividends to its holders with the dividend yield of 4.15%. The last dividend (May 30, 2025) amounted to 0.17 USD. The dividends are paid monthly.
LMBS shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Nov 4, 2014, and its management style is Active.
LMBS expense ratio is 0.64% meaning you'd have to pay 0.64% of your investment to help manage the fund.
LMBS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
LMBS invests in bonds.
LMBS price has risen by 0.74% over the last month, and its yearly performance shows a 1.74% increase. See more dynamics on LMBS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.40% over the last month, showed a 0.14% increase in three-month performance and has increased by 4.48% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.40% over the last month, showed a 0.14% increase in three-month performance and has increased by 4.48% in a year.
LMBS trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.