First Trust Intermediate Duration Investment Grade Corporate ETF

Frequently Asked Questions About FIIG

What does FIIG invest in?

The First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) seeks to provide a combination of steady income and long-term capital appreciation. To fulfill this objective, the Fund normally commits at least 80% of its net assets (along with any leveraged funds) to corporate debt securities that are rated as investment grade. These corporate instruments are financial obligations issued by businesses to fund their activities, encompassing various types like notes, bonds, loans, debentures, and commercial paper. Their key distinctions often lie in their maturity lengths and whether they are backed by collateral. Commercial paper, for example, is typically short-term and unsecured. The interest payments on these corporate debt holdings can be either fixed or adjustable. Furthermore, the Fund's investments may extend to senior loans and covenant-lite loans.

What is the expense ratio of FIIG?

First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations.

What is FIIG's dividend yield?

FIIG's trailing-twelve-month yield is 5.04%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of FIIG?

Effective duration measures FIIG's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FIIG's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of FIIG?

FIIG's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of FIIG?

Yield to maturity (YTM) is the total return you'd earn from FIIG if every bond in the portfolio is held to maturity at the current price. FIIG's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.