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First Trust TCW Securitized Plus ETF

DEED
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 29 2020
Expense Ratio
0.66%
Type
US Bonds
Fund Owner
First Trust
Volume (1m avg. daily)
$716,504
AUM
$102,648,043
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

n/a
Fannie Mae or Freddie Mac TBA 2% due 02/01/2052
6.34%
n/a
Fannie Mae or Freddie Mac TBA 5% due 09/01/2052
5.94%
n/a
Fannie Mae or Freddie Mac TBA 2.50% due 03/01/2052
5.76%
n/a
GNMA TBA 2.50% due 02/01/2052
5.11%
n/a
Fannie Mae or Freddie Mac TBA 4.50% due 09/01/2052
3.42%
n/a
GNMA TBA 2.50% due 02/01/2052
2.57%
n/a
U.S. Treasury Note 3.875% due 01/15/2026
2.26%
n/a
Fannie Mae FN BQ7056 2% due 01/01/2052
2.25%
n/a
U.S. Treasury Bill 0% due 07/20/2023
2.21%
n/a
Fannie Mae FN CB3151 2% due 03/01/2052
2.04%
Invest with DEED

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.

ETFs related toDEED

ETFs correlated to DEED include DBND, JCPB, FLCB

DEED
First Trust Exchange-Traded Fund VIII - First Trust Exchange-Traded Fund VIII ETF
DBND
DoubleLine ETF Trust - DoubleLine Opportunistic Bond ETF
JCPB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Core Plus Bond ETF
FLCB
Franklin Templeton ETF Trust - Franklin U.S. Core Bond ETF
BBAG
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Aggregate Bond ETF
AGGY
WisdomTree Trust - WisdomTree Yield Enhanced U.S. Aggregate Bond Fund
SPTI
SPDR Series Trust - SPDR Portfolio Intermediate Term Treasury ETF
IBTH
iShares Trust - iShares iBonds Dec 2027 Term Treasury ETF
SPAB
SPDR Series Trust - SPDR Portfolio Aggregate Bond ETF
IBTI
iShares Trust - iShares iBonds Dec 2028 Term Treasury ETF
IEI
BlackRock Institutional Trust Company N.A. - iShares 3-7 Year Treasury Bond 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.

Automated Strategies
Related toDEED

#HFEAR

Hedgefundie's Excellent Adventure Refined

Category

Balance Risk Not Assets, Lever Up, Composer's Picks

Risk Rating

Aggressive

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with DEED using Composer

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.

The top holdings for DEED include Fannie Mae or Freddie Mac TBA 2% due 02/01/2052, Fannie Mae or Freddie Mac TBA 5% due 09/01/2052, and Fannie Mae or Freddie Mac TBA 2.50% due 03/01/2052.

DEED has 279 total holdings.

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 0.0117%. This is the percent change in the value of DEED over the most recent 1-month period. The 3-month return on DEED is 0.0696%. 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 0.0758%. 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 JMBS, VMBS, and LMBS.

ETFs correlated to DEED include DBND, JCPB, and FLCB.

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

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.