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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 5, 2014
Expense Ratio
0.66%
Type
US Bonds
Fund Owner
First Trust
Volume (1m avg. daily)
$23,262,094
AUM
$4,087,387,594
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Derivatives offset
35.28%
n/a
Fannie Mae or Freddie Mac TBA 5.50% due 06/01/2053
4.20%
n/a
Fannie Mae or Freddie Mac TBA 6% due 05/01/2053
3.94%
n/a
Fannie Mae FN FM3003 4% due 05/01/2049
2.05%
n/a
Fannie Mae or Freddie Mac TBA 5% due 05/01/2053
1.87%
n/a
Fannie Mae FN FM2972 4% due 12/01/2044
1.77%
n/a
U.S. Treasury Bill 0% due 09/05/2024
1.75%
n/a
U.S. Treasury Bill 0% due 05/16/2024
1.66%
n/a
Fannie Mae or Freddie Mac TBA 5.50% due 06/01/2053
1.60%
n/a
U.S. Treasury Note 2.50% due 05/31/2024
1.44%
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 JSCP, PYLD, JCPB

LMBS
First Trust Exchange-Traded Fund III - First Trust Low Duration Opportunities ETF
JSCP
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Short Duration Core Plus ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
JCPB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Core Plus Bond ETF
IBTH
iShares Trust - iShares iBonds Dec 2027 Term Treasury ETF
CGSD
Capital Group Fixed Income ETF Trust - Capital Group Short Duration Income ETF
DBND
DoubleLine ETF Trust - DoubleLine Opportunistic Bond ETF
TUA
Simplify Exchange Traded Funds - Simplify Short Term Treasury Futures Strategy ETF
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund
IEI
BlackRock Institutional Trust Company N.A. - iShares 3-7 Year Treasury Bond ETF
BSV
Vanguard Group, Inc. - Vanguard Short-Term 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.

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Create your own algorithmic trading strategy with LMBS using Composer

News Related to LMBS

A New Bond ETF To Manage Duration Risk

Jan 7, 2019 • by ETF Professor
Read

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 -0.0004%. This is the percent change in the value of LMBS over the most recent 1-month period. The 3-month return on LMBS is -0.0004%. 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 0.0333%. 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 GNMA, MBB, and SPMB.

ETFs correlated to LMBS include JSCP, PYLD, and JCPB.

ETFs that are inversely correlated to LMBS 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.