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ETFs

First Trust TCW Securitized Plus ETF

DEED
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Apr 29, 2020
Expense Ratio
0.75%
Type
US Bonds
Fund Owner
First Trust
Volume (1m avg. daily)
$667,651
AUM
$74,423,540
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

—
GNMA TBA 2.50% due 12/01/2051
6.14%
—
Fannie Mae or Freddie Mac TBA 5% due 06/01/2053
5.27%
—
Fannie Mae or Freddie Mac TBA 5.50% due 06/01/2053
4%
—
Fannie Mae or Freddie Mac TBA 2% due 01/01/2052
3.84%
—
Fannie Mae or Freddie Mac TBA 2.50% due 02/01/2052
3.18%
—
GNMA TBA 4.50% due 04/01/2053
2.44%
—
Fannie Mae 4.5 % TBA MBS Single Family 30 Years Maturity Settles October
2.27%
—
LHOME Mortgage Trust Series 2021-RTL3 Class A Variable rate due 09/25/2026
1.68%
—
MASTR Asset CMO 2007-25.5.37 Ctf Mezzanine Pthru Cl A4 Ser07- HE1 Fltg Rt
1.59%
—
Fannie Mae 4 % TBA MBS Single Family 30 Years Maturity Settles October
1.59%
Invest with DEED
Trade DEED Options

What is DEED?

The First Trust TCW Securitized Plus ETF seeks to maximize long-term total return. Under normal market conditions, the Fund will invest at least 80% of its net assets (including investment borrowings) in securitized debt securities, including asset-backed securities, residential and commercial mortgage-backed securities and collateralized loan obligations ("CLOs"). The Funds investment sub-advisor, TCW Investment Management Company LLC ("TCW" or the "Sub-Advisor") seeks to outperform the Bloomberg Barclays U.S. Mortgage-Backed Securities Index over a full market cycle through the utilization of independent, bottom-up research to identify securities that are undervalued and that offer a superior risk/reward profile. Under normal conditions, the Funds average portfolio duration varies within two years (plus or minus) of the portfolio duration of the securities comprising the Bloomberg Barclays U.S. Mortgage-Backed Securities Index. As a separate measure, there is no limit on the weighted average maturity of the Funds portfolio. While maturity refers to the expected life of a security, duration is a measure of the expected price volatility of a debt security as a result of changes in market rates of interest.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

DEED
Performance Measures**

for the time period Apr 30, 2020 to Dec 4, 2025

Returns

1M Trailing Return: 0.7%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 2.3%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -20.0%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 6.1%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.22

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.06

The annualized return divided by the max drawdown for the selected time period.

ETFs related toDEED

ETFs correlated to DEED include IBDY, UNIY, PYLD

DEED
First Trust Exchange-Traded Fund VIII - First Trust TCW Securitized Plus ETF
IBDY
iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
TYD
Direxion Shares ETF Trust - Direxion Daily 7-10 Year Treasury Bull 3X Shares
FLCB
Franklin Templeton ETF Trust - Franklin U.S. Core Bond ETF
GOVT
BlackRock Institutional Trust Company N.A. - iShares U.S. Treasury Bond ETF
DBND
DoubleLine ETF Trust - DoubleLine Opportunistic Bond ETF
UTEN
Rbb Fund Inc - US Treasury 10 Year Note ETF
VGIT
Vanguard Group, Inc. - Vanguard Intermediate-Term Treasury ETF
IBTJ
iShares Trust - iShares iBonds Dec 2029 Term Treasury ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

DEED is a US Bonds ETF. The First Trust TCW Securitized Plus ETF seeks to maximize long-term total return. Under normal market conditions, the Fund will invest at least 80% of its net assets (including investment borrowings) in securitized debt securities, including asset-backed securities, residential and commercial mortgage-backed securities and collateralized loan obligations ("CLOs"). The Funds investment sub-advisor, TCW Investment Management Company LLC ("TCW" or the "Sub-Advisor") seeks to outperform the Bloomberg Barclays U.S. Mortgage-Backed Securities Index over a full market cycle through the utilization of independent, bottom-up research to identify securities that are undervalued and that offer a superior risk/reward profile. Under normal conditions, the Funds average portfolio duration varies within two years (plus or minus) of the portfolio duration of the securities comprising the Bloomberg Barclays U.S. Mortgage-Backed Securities Index. As a separate measure, there is no limit on the weighted average maturity of the Funds portfolio. While maturity refers to the expected life of a security, duration is a measure of the expected price volatility of a debt security as a result of changes in market rates of interest.

Yes, DEED is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, DEED is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DEED is -0.0168%. This is the percent change in the value of DEED over the most recent 1-month period. The 3-month return on DEED is -0.0509%. This is the percent change in the value of DEED over the most recent 3-month period.

The standard deviation of DEED for the past year is 0.0861%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DEED include MBB, SPMB, and VMBS.

ETFs correlated to DEED include IBDY, UNIY, and PYLD.

ETFs that are inversely correlated to DEED include PST, TBX, and TTT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.