Fund Description
The First Trust Long Duration Opportunities ETFs (the "Fund") primary investment objective is to generate current income with a focus on preservation of capital. Under normal market conditions, the Fund will invest at least 80% of its net assets (including investment borrowings) in a portfolio of investment-grade debt securities issued or guaranteed by the U.S. government, its agencies or government-sponsored entities, including publicly-issued U.S. Treasury securities and mortgage-related securities. The Fund may also invest in exchange-traded funds ("ETFs") that principally invest in such securities. The Fund may purchase mortgage-related securities in "to-be-announced" transactions ("TBA Transactions"), including mortgage dollar rolls.
Fund Profile
Fund Name First Trust Long Duration Opportunities ETF
Fund Exchange Ticker LGOV
Fund Sponsor First Trust
Fund ISIN US33738D6067
Net Expense Ratio 0.70 %
Fund Inception Date 22 January 2019
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Treasury & Government
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Treasury & Government
Credit Quality Investment Grade Only
Average Maturity Long (10 + years)
Bond Currency Denomination USD
Key Statistics
Return As of Date 28 June 2022
Asset Under Management 34.00 Million (USD)
1 Month Total Return -3.08 %
Year To Date Return -15.04 %
1 Year Total Return -14.43 %
3 Year Annualized Total Return -2.04 %
NAV 23.45
Share Outstanding 1,450,000
Top 10 Holdings (28 June 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
US Dollar CASH 0.3992091983
US ULTRA BOND CBT Sep22 WNU2 FUTR 0.2083798638
US LONG BOND(CBT) Sep22 USU2 FUTR 0.1242679936
Derivatives offset OTHR 0.0527565562
GNMA Series 2010-61 Class KE 5% due 05/16/2040 BOND 0.0448264214
FANNIE MAE Series 2005-74 Class NZ 6% due 09/25/2035 BOND 0.0340882181
Fannie Mae or Freddie Mac TBA 5% due 06/01/2048 BOND 0.0320142366
FHLMC Multifamily Structured Pass Through Certs. Series K159 Class A3 Variable rate due 11/25/2033 PREF 0.0316152820
FHLMC Multifamily Structured Pass Through Certs. Series K1522 Class A2 2.361% due 10/25/2036 BOND 0.0257953093
FHLMC Multifamily Structured Pass Through Certs. Series K-1521 Class A2 2.184% due 08/25/2036 BOND 0.0249569897