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Trending ETFs

First Trust Intermediate Duration Investment Grade Corporate ETF

Active ETF
FIIG
Payout Change
Pending
Price as of:
$20.87 +0.2 +0.97%
primary theme
N/A
FIIG (ETF)

First Trust Intermediate Duration Investment Grade Corporate ETF

Payout Change
Pending
Price as of:
$20.87 +0.2 +0.97%
primary theme
N/A
FIIG (ETF)

First Trust Intermediate Duration Investment Grade Corporate ETF

Payout Change
Pending
Price as of:
$20.87 +0.2 +0.97%
primary theme
N/A

Name

As of 11/07/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$20.87

$54.9 M

4.50%

$0.93

0.65%

Vitals

YTD Return

3.5%

1 yr return

10.8%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$54.9 M

Holdings in Top 10

13.7%

52 WEEK LOW AND HIGH

$20.7
$19.63
$21.60

Expenses

OPERATING FEES

Expense Ratio 0.65%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 11/07/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$20.87

$54.9 M

4.50%

$0.93

0.65%

FIIG - Profile

Distributions

  • YTD Total Return 3.5%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 4.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Trust Intermediate Duration Investment Grade Corporate ETF
  • Fund Family Name
    First Trust Advisors L.P.
  • Inception Date
    Aug 03, 2023
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

Under normal market conditions, the Fund seeks to achieve its objectives by investing at least 80% of its net assets (plus any borrowings for investment purposes) in investment grade corporate debt securities. Corporate debt securities are debt obligations issued by businesses to finance their operations. Notes, bonds, loans, debentures and commercial paper are the most common types of corporate debt securities, with the primary differences being their maturities and secured or unsecured status. Commercial paper has the shortest term and is usually unsecured. Corporate debt securities may have fixed or floating interest rates. The corporate debt securities in which the Fund may invest also include senior loans and covenant-lite loans, substantially all of which are expected to be covenant-lite loans.At least 80% of the Fund’s net assets will be invested in corporate debt securities that are, at the time of purchase, investment grade (i.e., rated Baa3/BBB- or above) by at least one nationally recognized statistical rating organization (“NRSRO”) rating such securities, or if unrated, debt securities determined by the Fund’s investment advisor to be of comparable quality. In the case of a split rating between one or more of the NRSROs, the Fund will consider the highest rating. For an unrated security to be considered investment grade, the Fund’s investment advisor will consider, at the time of purchase, whether such security is of comparable quality based on fundamental credit analysis of the unrated security and comparable securities that are rated by an NRSRO.The investment philosophy of the Fund’s investment advisor is based on the belief that deep fundamental credit analysis performed by a highly experienced credit team, within a risk managed framework, will generate higher absolute and risk-adjusted returns within investment grade debt strategies. This investment philosophy is expressed by the Fund’s investment advisor through an investment process that combines rigorous bottom-up fundamental credit analysis and disciplined portfolio construction. Risk management is a critical component of the entire process and is embedded in both the fundamental credit analysis and portfolio construction.The Fund's investment advisor's fundamental credit analysis involves the evaluation of the macro-economy, industry trends, consistency of company cash flows and valuation and management quality, among other considerations. The investment process favors companies that produce relatively stable cash flows through an economic cycle, companies that have valuations supportive of the debt balances and companies that have management teams with a sound track record. The Fund's investment advisor's key considerations of portfolio construction include yield curve management (i.e., monitoring macro factors that drive interest rates), relative value assessments (i.e., an internal process of evaluating investment opportunities on a relative basis), portfolio diversification, issuer liquidity and continuous monitoring.Under normal market conditions, the Fund seeks to construct a portfolio that has a dollar weighted average duration of +/- 1.5 years of the Bloomberg U.S. Credit Corp 5-10 Year Index. Duration measures the price sensitivity of a debt security (or portfolio of debt securities) to relative changes in interest rates. In general, each year of duration represents an expected 1% change in the value of a security for every 1% immediate change in interest rates. For example, the price of a debt security with a three-year duration would be expected to drop by approximately 3% in response to a 1% increase in interest rates. Therefore, prices of debt securities with shorter durations tend to be less sensitive to interest rate changes than debt securities with longer durations. As the value of a debt security changes over time, so will its duration. The Fund’s investment advisor will calculate the duration of the portfolio by modeling the cash flows of all the individual holdings, including the impact of prepayment variability and coupon adjustments where applicable, to determine the duration of each holding and then aggregating based on the size of the position. In performing this duration calculation, the Fund’s investment advisor will utilize third-party models.Securities in the portfolio may be sold for several reasons, including, but not limited to, meeting cash needs of the Fund, deterioration in the fundamental credit quality of an issuer or a change in the relative attractiveness (relative value) of a security.Although the Fund intends to invest primarily in investment grade corporate debt securities, the Fund may invest up to 20% of its net assets (plus any borrowings for investment purposes) in debt securities of any credit quality, including senior loans and other debt securities that are below investment grade (also known as high yield securities, or commonly referred to as “junk” bonds), or unrated securities that have not been judged by the Fund’s investment advisor to be of comparable quality to rated investment grade securities, U.S. Treasury securities, securities issued by agencies of the U.S. government, taxable municipal securities, non-U.S. dollar denominated corporate debt, cash equivalents, futures contracts and options contracts. To the extent the Fund purchases or sells securities in delayed settlement transactions (e.g., on a when-issued basis), the Fund will do so pursuant to Rule 18f-4 under the 1940 Act. The Fund's active trading strategy may lead to higher levels of portfolio turnover.As of January 31, 2024, the Fund had significant investments in financial and health care companies, although this may change from time to time. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector.The Fund is classified as “non-diversified” under the Investment Company Act of 1940, as amended (the “1940 Act”).
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FIIG - Performance

Return Ranking - Trailing

Period FIIG Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% N/A N/A N/A
1 Yr 10.8% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period FIIG Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period FIIG Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% N/A N/A N/A
1 Yr 10.8% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period FIIG Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

FIIG - Holdings

Concentration Analysis

FIIG Category Low Category High FIIG % Rank
Net Assets 54.9 M N/A N/A N/A
Number of Holdings 226 N/A N/A N/A
Net Assets in Top 10 31.9 M N/A N/A N/A
Weighting of Top 10 13.69% N/A N/A N/A

Top 10 Holdings

  1. Jabil Inc 1.80%
  2. FMC CORP 0%, due 08/ 1.80%
  3. Crowdstrike Holdings Inc 1.62%
  4. Icon Investments Six DAC 1.35%
  5. Brown Brown Inc 1.24%
  6. MSCI Inc 1.24%
  7. Smurfit Kappa Treasury ULC 1.22%
  8. GLOBAL PAYMENTS INC 1.20%
  9. JPMorgan Chase Co 1.12%
  10. Berry Global Inc 1.10%

Asset Allocation

Weighting Return Low Return High FIIG % Rank
Bonds
98.71% N/A N/A N/A
Cash
1.29% N/A N/A N/A
Stocks
0.00% N/A N/A N/A
Preferred Stocks
0.00% N/A N/A N/A
Other
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High FIIG % Rank
Derivative
0.00% N/A N/A N/A
Cash & Equivalents
0.00% N/A N/A N/A
Securitized
0.00% N/A N/A N/A
Corporate
0.00% N/A N/A N/A
Municipal
0.00% N/A N/A N/A
Government
0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High FIIG % Rank
US
98.71% N/A N/A N/A
Non US
0.00% N/A N/A N/A

FIIG - Expenses

Operational Fees

FIIG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% N/A N/A N/A
Management Fee 0.65% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

FIIG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

FIIG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FIIG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

FIIG - Distributions

Dividend Yield Analysis

FIIG Category Low Category High FIIG % Rank
Dividend Yield 4.50% N/A N/A N/A

Dividend Distribution Analysis

FIIG Category Low Category High Category Mod
Dividend Distribution Frequency Monthly

Net Income Ratio Analysis

FIIG Category Low Category High FIIG % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

FIIG Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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FIIG - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A