UCON First Trust TCW Unconstrained Plus Bond ETF

This is an actively managed fund that seeks to maximize long-term total return. Under normal market conditions, the Fund intends to invest at least 80% of its net assets (including investment borrowings) in a portfolio of fixed income securities. The Fund's investment sub-advisor, TCW Investment Management Company LLC ("TCW" or the "Sub-Advisor"), will manage the Fund's portfolio in an "unconstrained" manner, meaning that its investment universe is not limited to the securities of any particular index and it has discretion to invest in fixed income securities of any type or credit quality, including up to 70% in high yield (or "junk") securities, up to 60% in emerging market securities and up to 50% in securities denominated in foreign currencies. Additionally, under normal market conditions, the Fund's average portfolio duration will vary from between 0 to 10 years. Duration is a measure of the expected price volatility of a fixed income security as a result of changes in market rates of interest.

$25.01  +0.09 (0.36%)
As of 08/12/2022 16:00:00 EST     IEX book   CBOE book

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ETF Information

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Sponsor:     First Trust
Category1:  US Fixed Income
Category2:  Broad market
Category3:  Unconstrained
Morningstar category:  Nontraditional Bond
Leverage factor:  1.00
Inception date:  06/04/2018
Current yield:  1.96%
Historical average yield:  2.74%
Market cap:  $1,229,542,050
Average volume:  354,110
Fees:     0.7500%
Investment style: Actively managed