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Trending ETFs

First Trust TCW Unconstrained Plus Bond ETF

etf
UCON
Dividend policy
Active
Price as of:
$26.63 -0.05 0%
primary theme
Bond Sector Diversified
UCON (ETF)

First Trust TCW Unconstrained Plus Bond ETF

Dividend policy
Active
Price as of:
$26.63 -0.05 0%
primary theme
Bond Sector Diversified
UCON (ETF)
First Trust TCW Unconstrained Plus Bond ETF
Dividend policy
Active
Price as of:
$26.63 -0.05 0%
primary theme
Bond Sector Diversified

UCON - Snapshot

Vitals

  • YTD Return -0.2%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $242 M
  • Holdings in Top 10 36.3%

52 WEEK LOW AND HIGH

$26.68
$22.13
$26.74

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.85%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 111.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme Bond Sector Diversified
  • Fund Type Exchange Traded Fund
  • Investment Style Nontraditional Bond

Compare UCON to Popular Bond Sector Diversified Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$12.08

+0.08%

$131.63 B

4.88%

$0.59

blocked
blocked
blocked

-0.25%

-

$10.39

+0.10%

$35.32 B

2.69%

$0.28

blocked
blocked
blocked

0.19%

-

$8.46

+0.12%

$20.24 B

3.67%

$0.31

blocked
blocked
blocked

0.59%

-

$12.60

+0.16%

$15.65 B

2.06%

$0.26

blocked
blocked
blocked

-0.08%

-

$9.76

0.00%

$15.00 B

4.61%

$0.45

blocked
blocked
blocked

-0.41%

-

Compare UCON to Popular Bond Sector Diversified ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$21.87

-0.05%

$812.17 M

2.64%

$0.58

blocked
blocked
blocked

-1.00%

-

$26.63

-0.19%

$242.34 M

3.04%

$0.81

blocked
blocked
blocked

-0.19%

-

$26.29

-0.10%

$122.13 M

2.84%

$0.75

blocked
blocked
blocked

0.11%

-

$21.85

-0.23%

$115.93 M

5.11%

$1.12

blocked
blocked
blocked

0.14%

-

$47.18

+0.09%

$89.75 M

2.28%

$1.08

blocked
blocked
blocked

0.11%

-

UCON - Profile

Distributions

  • YTD Total Return -0.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.88%
DIVIDENDS
  • Dividend Yield 2.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Trust TCW Unconstrained Plus Bond ETF
  • Fund Family Name
    First Trust
  • Inception Date
    Jun 04, 2018
  • Shares Outstanding
    9100002
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Stephen Kane

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets (including investment borrowings) in a portfolio of fixed income securities. Its average portfolio duration will vary from between 0 to 10 years. The fund may invest a significant portion of its assets in securitized investment products, including up to 50% of its net assets in each of ABS, RMBS and CMBS. It may also utilize listed and over-the-counter traded derivatives instruments for duration/yield curve management and/or hedging purposes. The fund is non-diversified.


UCON - Performance

Return Ranking - Trailing

Period UCON Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -2.0% 5.6% 64.85%
1 Yr 6.8% -28.6% 24.1% 36.55%
3 Yr N/A* -17.9% 10.4% N/A
5 Yr N/A* -11.9% 14.1% N/A
10 Yr N/A* -1.2% 13.0% N/A

* Annualized

Return Ranking - Calendar

Period UCON Return Category Return Low Category Return High Rank in Category (%)
2020 3.1% -49.2% 314.3% 33.81%
2019 3.9% -35.1% 15.3% 60.71%
2018 N/A -48.0% 3.1% N/A
2017 N/A -14.8% 11.2% N/A
2016 N/A -11.2% 10.7% N/A

Total Return Ranking - Trailing

Period UCON Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -2.0% 5.6% 64.85%
1 Yr 6.8% -31.1% 24.1% 29.52%
3 Yr N/A* -19.5% 10.4% N/A
5 Yr N/A* -12.9% 14.1% N/A
10 Yr N/A* -1.2% 13.0% N/A

* Annualized

Total Return Ranking - Calendar

Period UCON Return Category Return Low Category Return High Rank in Category (%)
2020 3.1% -49.2% 314.3% 33.81%
2019 3.9% -35.1% 15.3% 62.89%
2018 N/A -48.0% 8.0% N/A
2017 N/A -14.8% 15.2% N/A
2016 N/A -11.2% 17.7% N/A

UCON - Holdings

Concentration Analysis

UCON Category Low Category High UCON % Rank
Net Assets 242 M 1 M 132 B 67.82%
Number of Holdings 543 3 7676 44.97%
Net Assets in Top 10 29.4 M -2.76 B 12 B 65.90%
Weighting of Top 10 36.34% 4.8% 100.0% 33.78%

Top 10 Holdings

  1. Ultra 10 Year US Treasury Note Future Dec 20 14.13%
  2. Ultra 10 Year US Treasury Note Future Dec 20 14.13%
  3. Ultra 10 Year US Treasury Note Future Dec 20 14.13%
  4. Ultra 10 Year US Treasury Note Future Dec 20 14.13%
  5. Ultra 10 Year US Treasury Note Future Dec 20 14.13%
  6. Ultra 10 Year US Treasury Note Future Dec 20 14.13%
  7. Ultra 10 Year US Treasury Note Future Dec 20 14.13%
  8. Ultra 10 Year US Treasury Note Future Dec 20 14.13%
  9. Ultra 10 Year US Treasury Note Future Dec 20 14.13%
  10. Ultra 10 Year US Treasury Note Future Dec 20 14.13%

Asset Allocation

Weighting Return Low Return High UCON % Rank
Bonds
73.95% -262.75% 9989800.00% 81.38%
Cash
24.98% -229.11% 362.75% 10.33%
Convertible Bonds
1.07% 0.00% 179.84% 56.79%
Stocks
0.00% -91.60% 170.77% 86.10%
Preferred Stocks
0.00% 0.00% 35.26% 82.20%
Other
0.00% -42.24% 120.57% 70.79%

Bond Sector Breakdown

Weighting Return Low Return High UCON % Rank
Securitized
42.16% 0.00% 99.25% 19.29%
Corporate
29.02% 0.00% 99.91% 60.19%
Cash & Equivalents
21.76% 0.01% 100.00% 14.27%
Government
3.54% 0.00% 98.23% 68.89%
Municipal
1.80% 0.00% 41.64% 9.92%
Derivative
1.72% 0.00% 68.37% 32.07%

Bond Geographic Breakdown

Weighting Return Low Return High UCON % Rank
US
63.54% -262.75% 219.84% 53.80%
Non US
10.41% -13.39% 231.13% 74.18%

UCON - Expenses

Operational Fees

UCON Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.01% 14.61% 72.16%
Management Fee 0.85% 0.00% 2.25% 78.66%
12b-1 Fee 0.00% 0.00% 1.00% 12.62%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

UCON Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

UCON Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 2.00% 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.

UCON Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 111.00% 0.00% 493.00% 62.25%

UCON - Distributions

Dividend Yield Analysis

UCON Category Low Category High UCON % Rank
Dividend Yield 2.38% 0.00% 6.42% 1.97%

Dividend Distribution Analysis

UCON Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

UCON Category Low Category High UCON % Rank
Net Income Ratio 2.88% -1.55% 18.14% 68.41%

Capital Gain Distribution Analysis

UCON Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

UCON - Fund Manager Analysis

Managers

Stephen Kane


Start Date

Tenure

Tenure Rank

Jun 04, 2018

2.58

2.6%

Stephen M. Kane, CFA Group Managing Director U.S. Fixed Income Mr. Kane is a Generalist Portfolio Manager in the U.S. Fixed Income Group. He joined TCW in 2009 during the acquisition of Metropolitan West Asset Management LLC (MetWest). At MetWest, Mr. Kane was responsible for leading MetWest's AlphaTrak, Ultra Short and Liability Driven Investment (LDI) products, and he co-manages many of the firm's mutual funds. Under his co-leadership, the MetWest investment team was recognized as Morningstar's Fixed Income Manager of the Year for 2005. Prior to establishing MetWest, he was a fixed income portfolio manager at Hotchkis and Wiley. He also served as a Vice President at PIMCO. Mr. Kane earned a BS in Business from the University of California, Berkeley and an MBA from the University of Chicago Booth School of Business.

Bryan Whalen


Start Date

Tenure

Tenure Rank

Jun 04, 2018

2.58

2.6%

Bryan T. Whalen, CFA Group Managing Director U.S. Fixed Income Mr. Whalen is a Generalist Portfolio Manager in the U.S. Fixed Income Group. Mr. Whalen joined TCW in 2009 during the acquisition of Metropolitan West Asset Management LLC (MetWest) as co-head of the Securitized Products division. Prior to joining TCW, Mr. Whalen was a partner and co-head of MetWest's Securitized Products division. Prior to joining MetWest in 2004, he was a director in the fixed income department at Credit Suisse First Boston in New York. Previously, he was a vice president at Donaldson, Lufkin & Jenrette. Mr. Whalen earned a BA in Economics from Yale University. He is a CFA charterholder.

Tad Rivelle


Start Date

Tenure

Tenure Rank

Jun 04, 2018

2.58

2.6%

Tad Rivelle Group Managing Director Chief Investment Officer–Fixed Income Co-Director Fixed Income Tad Rivelle is Chief Investment Officer, Fixed Income. Prior to joining TCW, Tad served as Chief Investment Officer for MetWest, an independent institutional investment manager that he cofounded. The MetWest investment team has been recognized for a number of performance related awards, including Morningstar’s Fixed Income Manager of the Year. Mr. Rivelle was also the co-director of fixed income at Hotchkis & Wiley and a portfolio manager at PIMCO. Tad holds a BS in Physics from Yale University, an MS in Applied Mathematics from University of Southern California, and an MBA from the UCLA Anderson School of Management.

Laird Landmann


Start Date

Tenure

Tenure Rank

Jun 04, 2018

2.58

2.6%

Laird R. Landmann Group Managing Director Co-Director Fixed Income U.S. Fixed Income Mr. Landmann is a Generalist Portfolio Manager in the U.S. Fixed Income Group. He joined TCW in 2009 during the acquisition of Metropolitan West Asset Management LLC (MetWest). Mr. Landmann currently serves on the boards of the Trust Company of the West and the Metropolitan West Mutual Funds. He is a leader of the MetWest investment team that was recognized as Morningstar's Fixed Income Manager of the Year for 2005 and has been nominated for the award eight times. Prior to founding MetWest in 1996, Mr. Landmann was a principal and the co-director of fixed income at Hotchkis and Wiley. He also served as a portfolio manager and vice president at PIMCO. Mr. Landmann holds an AB in Economics from Dartmouth College and an MBA from the University of Chicago Booth School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 29.65 5.5 2.0