Key stats
About First Trust TCW Securitized Plus ETF
Expense ratio
0.76%
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Inception date
Apr 29, 2020
DEED is the second US ETF in the broad market space that offers access to securitized/asset-backed securities. It is actively managed to invest in asset-backed securities, residential and commercial mortgage-backed securities and collateralized loan obligations. The fund seeks to outperform the Bloomberg US Mortgage-Backed Securities Index, using its own research to identify undervalued securities with superior risk/reward profile. Roughly half of the portfolio is composed of securities issued by US government and its agencies, and the remaining may be invested in non-government and privately-issued MBS and other ABS. The fund is a mix of junk and investment-grade bonds of any maturities, and may opt to invest in OTC derivatives up to 25% of the portfolio.
Classification
What's in the fund
Exposure type
Securitized
Bonds, Cash & Other100.00%
Securitized89.96%
Government6.28%
Cash3.76%