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First Trust TCW Emerging Markets Debt ETF

EFIX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 18 2021
Expense Ratio
0.86%
Type
Global Ex. US Bonds
Fund Owner
First Trust
Volume (1m avg. daily)
$83,601
AUM
$30,985,531
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

QTTZ5216585
Qatar Petroleum - 3.125% BD REDEEM 12/07/2041 USD 200000 - 144A
2.23%
n/a
DOMINICAN REPUBLIC 4.50% due 01/30/2030
2.09%
PEMX5055128
PETROLEOS MEXICANOS 6.49% due 01/23/2027
1.99%
n/a
REPUBLIC OF TURKEY N/C 9.375% due 01/19/2033
1.92%
49MN
Bahrain - 5.25% NT REDEEM 25/01/2033 USD 200000 - Reg S
1.73%
n/a
REPUBLIC OF PERU 2.783% due 01/23/2031
1.73%
n/a
ROMANIA N/C 7.625% due 01/17/2053
1.64%
n/a
HUNGARY N/C 5.25% due 06/16/2029
1.63%
SH45
GACI First Investment Co - 5.375% MTN REDEEM 13/10/2122 USD 200000
1.63%
KZKT4484253
KAZMUNAYGAS NATIONAL CO N/C 5.75% due 04/19/2047
1.63%
Invest with EFIX

What is EFIX?

The First Trust TCW Emerging Markets Debt ETF (the "Fund") seeks to provide high total return from current income and capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (including investment borrowings) in debt securities issued or guaranteed by companies, financial institutions and government entities located in emerging market countries. An "emerging market country" is a country that, at the time the Fund invests in the related security or instrument, is classified as an emerging or developing economy by any supranational organization such as the World Bank or the United Nations, or related entities, or is considered an emerging market country for purposes of constructing a major emerging market securities index. The Funds investments include, but are not limited to, debt securities issued by sovereign entities, quasi-sovereign entities and corporations. "Quasi-Sovereign" refers to an entity that is either 100% owned by a sovereign entity or whose debt is 100% guaranteed by a sovereign entity. The Fund may invest up to 25% of its net assets in securities issued by non-Quasi-Sovereign corporations in emerging market countries. The Fund will invest at least 90% of its assets in dollar-denominated securities. The Fund may invest up to 10% of its assets in securities denominated in Eurodollars and/or Japanese yen.

ETFs related toEFIX

ETFs correlated to EFIX include EMHC, PCY, IYLD

EFIX
First Trust Exchange-Traded Fund VIII - First Trust TCW Emerging Markets Debt ETF
EMHC
SPDR Series Trust - SPDR Bloomberg Emerging Markets USD Bond ETF
PCY
Invesco Capital Management LLC - Invesco Emerging Markets Sovereign Debt ETF
IYLD
BlackRock Institutional Trust Company N.A. - iShares Morningstar Multi-Asset Income ETF
EMB
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan USD Emerging Markets Bond ETF
VWOB
Vanguard Group, Inc. - Vanguard Emerging Markets Government Bond ETF
EMHY
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan EM High Yield Bond ETF
DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
JSCP
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Short Duration Core Plus ETF
FPE
First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF
AOK
BlackRock Institutional Trust Company N.A. - iShares Core Conservative Allocation 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 toEFIX

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#HFEAR

Hedgefundie's Excellent Adventure Refined

Category

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

Risk Rating

Aggressive

Create your own algorithmic trading strategy with EFIX using Composer

FAQ

EFIX is a Global Ex. US Bonds ETF. The First Trust TCW Emerging Markets Debt ETF (the "Fund") seeks to provide high total return from current income and capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (including investment borrowings) in debt securities issued or guaranteed by companies, financial institutions and government entities located in emerging market countries. An "emerging market country" is a country that, at the time the Fund invests in the related security or instrument, is classified as an emerging or developing economy by any supranational organization such as the World Bank or the United Nations, or related entities, or is considered an emerging market country for purposes of constructing a major emerging market securities index. The Funds investments include, but are not limited to, debt securities issued by sovereign entities, quasi-sovereign entities and corporations. "Quasi-Sovereign" refers to an entity that is either 100% owned by a sovereign entity or whose debt is 100% guaranteed by a sovereign entity. The Fund may invest up to 25% of its net assets in securities issued by non-Quasi-Sovereign corporations in emerging market countries. The Fund will invest at least 90% of its assets in dollar-denominated securities. The Fund may invest up to 10% of its assets in securities denominated in Eurodollars and/or Japanese yen.

The top holdings for EFIX include Qatar Petroleum - 3.125% BD REDEEM 12/07/2041 USD 200000 - 144A, DOMINICAN REPUBLIC 4.50% due 01/30/2030, and PETROLEOS MEXICANOS 6.49% due 01/23/2027.

EFIX has 122 total holdings.

Yes, EFIX 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, EFIX 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 EFIX is 0.0336%. This is the percent change in the value of EFIX over the most recent 1-month period. The 3-month return on EFIX is 0.12%. This is the percent change in the value of EFIX over the most recent 3-month period.

The standard deviation of EFIX for the past year is 0.1105%. 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 EFIX include AGG, BSV, and BND.

ETFs correlated to EFIX include EMHC, PCY, and IYLD.

ETFs that are inversely correlated to EFIX include SJB, EFZ, and EPV.

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.