First Trust Smith Opportunistic Fixed Income ETF

Frequently Asked Questions About FIXD

What does FIXD invest in?

The First Trust Smith Opportunistic Fixed Income ETF (the Fund) has a core objective: to deliver the highest possible total return over the long term. Generally, and within standard market environments, the Fund's strategy involves allocating a significant portion—specifically, at least 80% of its net assets, which factors in any investment borrowings—to a range of fixed income instruments.

What is the expense ratio of FIXD?

First Trust Smith Opportunistic Fixed Income ETF (FIXD) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations.

What is FIXD's dividend yield?

FIXD's trailing-twelve-month yield is 5.17%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of FIXD?

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

What is the credit quality of FIXD?

FIXD'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 FIXD?

Yield to maturity (YTM) is the total return you'd earn from FIXD if every bond in the portfolio is held to maturity at the current price. FIXD'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.