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ETFs

First Trust Exchange-Traded Fund IV First Trust Low Duration Opportunities ETF

LMBS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 05 2014
Expense Ratio
0.66%
Type
US Bonds
Fund Owner
First Trust
Volume (1m avg. daily)
$27,326,149
AUM
$4,363,350,595
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Derivatives offset
30.83%
n/a
Fannie Mae or Freddie Mac TBA 4.50% due 08/01/2037
3.22%
n/a
Fannie Mae or Freddie Mac TBA 5.50% due 04/01/2053
2.98%
n/a
Fannie Mae FN FM3003 4% due 05/01/2049
2.08%
n/a
Fannie Mae 2.5 % TBA MBS Conv 15 Year (Dwarfs) Settles July
2.06%
n/a
Fannie Mae FN FM2972 4% due 12/01/2044
1.79%
n/a
U.S. Treasury Note 2.875% due 11/30/2023
1.59%
n/a
U.S. Treasury Note 4% due 02/15/2026
1.53%
n/a
Fannie Mae or Freddie Mac TBA 5.50% due 03/01/2053
1.45%
n/a
Fannie Mae 5 % TBA MBS Single Family 30 Years Maturity Settles July
1.37%
Invest with LMBS

What is LMBS?

The First Trust Low Duration Mortgage Opportunities ETF is an actively managed exchange-traded fund. The Funds primary objective is to generate current income with a secondary objective of capital appreciation. Under normal market conditions, the fund will seek to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in investment grade, mortgage-related debt securities and other mortgage-related instruments tied to residential and commercial mortgages.

ETFs related toLMBS

ETFs correlated to LMBS include CGSD, TUA, XTWO

LMBS
First Trust Exchange-Traded Fund III - First Trust Low Duration Opportunities ETF
CGSD
Capital Group Fixed Income ETF Trust - Capital Group Short Duration Income ETF
TUA
Simplify Exchange Traded Funds - Simplify Short Term Treasury Futures Strategy ETF
XTWO
BondBloxx ETF Trust - BondBloxx Bloomberg Two Year Target Duration US Treasury ETF
DBND
DoubleLine ETF Trust - DoubleLine Opportunistic Bond ETF
OBIL
Rbb Fund Inc - US Treasury 12 Month Bill ETF
SPTS
SSgA Active Trust - SPDR Portfolio Short Term Treasury ETF
VGSH
Vanguard Group, Inc. - Vanguard Short-Term Treasury ETF
SCHO
Schwab Strategic Trust - Schwab Short-Term U.S. Treasury ETF
UTWO
Rbb Fund Inc - US Treasury 2 Year Note ETF
JSCP
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Short Duration Core Plus 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 toLMBS

#BUFF

Copy Warren Buffett

Category

Classic, Copy the Greats

Risk Rating

Aggressive

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with LMBS using Composer

FAQ

LMBS is a US Bonds ETF. The First Trust Low Duration Mortgage Opportunities ETF is an actively managed exchange-traded fund. The Funds primary objective is to generate current income with a secondary objective of capital appreciation. Under normal market conditions, the fund will seek to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in investment grade, mortgage-related debt securities and other mortgage-related instruments tied to residential and commercial mortgages.

Yes, LMBS 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, LMBS 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 LMBS is -0.0073%. This is the percent change in the value of LMBS over the most recent 1-month period. The 3-month return on LMBS is 0.0129%. This is the percent change in the value of LMBS over the most recent 3-month period.

The standard deviation of LMBS for the past year is 0.033%. 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 LMBS include VMBS, MBB, and DEED.

ETFs correlated to LMBS include CGSD, TUA, and XTWO.

ETFs that are inversely correlated to LMBS include PST, TBX, and BSVO.

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.