# First Trust Long Duration Opportunities ETF (LGOV): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/lgov for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: First Trust · Asset class: Government Bond - Strategy: Actively Managed · Inception: 2019-01-22 The primary aim of the First Trust Long Duration Opportunities ETF (the "Fund") is to generate consistent income while prioritizing the protection of capital. Under typical market conditions, the Fund will commit a minimum of 80% of its net assets (including funds obtained through borrowing) to a portfolio of high-quality debt instruments. These securities are issued or guaranteed by the U.S. government, its agencies, or government-sponsored entities, encompassing publicly issued U.S. Treasury securities and mortgage-related securities. Additionally, the Fund has the flexibility to invest i... ## Key Facts | Metric | Value | |---|---| | Price | $20.29 | | Expense Ratio | 0.49% | | Assets Under Management | $610.1M | | NAV | $20.34 | | Holdings Count | 173 | | Distribution Yield (TTM) | 4.58% | | Annual Distribution (TTM) | $0.93 /share | | Distribution Frequency | Monthly | | 52-Week Range | $19.40 – $23.59 | | Beta | 1.78 | ## Latest Distribution - Amount: $0.0775 /share - Ex-date: 2026-10-21 - Pay date: 2026-10-30 ## Frequently Asked Questions ### What does LGOV invest in? The primary aim of the First Trust Long Duration Opportunities ETF (the "Fund") is to generate consistent income while prioritizing the protection of capital. Under typical market conditions, the Fund will commit a minimum of 80% of its net assets (including funds obtained through borrowing) to a portfolio of high-quality debt instruments. These securities are issued or guaranteed by the U.S. government, its agencies, or government-sponsored entities, encompassing publicly issued U.S. Treasury securities and mortgage-related securities. Additionally, the Fund has the flexibility to invest in exchange-traded funds (ETFs) that predominantly hold these types of securities. To acquire mortgage-related securities, the Fund may engage in "to-be-announced" (TBA) transactions, which include practices such as mortgage dollar rolls. ### What is the expense ratio of LGOV? First Trust Long Duration Opportunities ETF (LGOV) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations. ### What is LGOV's dividend yield? LGOV's trailing-twelve-month yield is 4.58%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of LGOV? Effective duration measures LGOV's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. LGOV's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of LGOV? LGOV'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 LGOV? Yield to maturity (YTM) is the total return you'd earn from LGOV if every bond in the portfolio is held to maturity at the current price. LGOV'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. ### Does LGOV pay a dividend? Yes, First Trust Long Duration Opportunities ETF (LGOV) distributes dividends to shareholders. The trailing-twelve-month yield is 4.58%. Full dividend history is on this page. ### How often does LGOV pay dividends? First Trust Long Duration Opportunities ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is LGOV's next ex-dividend date? The most recently announced ex-dividend date for LGOV was 2026-10-21. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will LGOV's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.49% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does LGOV charge its expense ratio? The expense ratio is deducted in tiny daily slices from LGOV's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does LGOV cost more than a fund like VOO? LGOV is actively managed (current expense ratio 0.49%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether LGOV's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to LGOV? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as LGOV (0.49%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/lgov - Distribution history: https://www.dividenddata.com/funds/lgov/dividend - Holdings & diversification: https://www.dividenddata.com/funds/lgov/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/lgov/expenses - Peer comparison: https://www.dividenddata.com/funds/lgov/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.