Key stats
About First Trust Enhanced Short Maturity ETF
Expense ratio
0.45%
Home page
Inception date
Aug 5, 2014
ISIN
US33739Q4082
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
What's in the fund
Exposure type
Corporate
Cash
Securitized
Bonds, Cash & Other100.00%
Corporate61.39%
Cash20.61%
Securitized14.99%
Government2.12%
Miscellaneous0.54%
Rights & Warrants0.35%