First Trust Intermediate Government Opportunities ETF

Frequently Asked Questions About MGOV

What does MGOV invest in?

The First Trust Intermediate Government Opportunities ETF endeavors to achieve the greatest possible total return over the long term. Under typical market conditions, the fund will commit at least 80% of its net assets, including any capital borrowed for investment purposes, to debt instruments issued or backed by the United States government, its agencies, or government-sponsored entities, collectively known as "Government Securities." Its holdings in these Government Securities encompass publicly traded U.S. Treasury products, such as bonds, notes, and bills, alongside mortgage-backed instruments like pass-through securities, collateralized mortgage obligations (CMOs), and commercial mortgage-backed securities (CMBS). The fund also possesses the flexibility to allocate capital to exchange-traded funds that primarily invest in Government Securities, as well as derivative instruments including futures contracts, options, and swap agreements that derive their value from Government Securities. Additionally, the fund may acquire mortgage-related securities via "to-be-announced" transactions, which include mortgage dollar rolls, and can invest in both fixed-rate and floating-rate securities.

What is the expense ratio of MGOV?

First Trust Intermediate Government Opportunities ETF (MGOV) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations.

What is MGOV's dividend yield?

MGOV's trailing-twelve-month yield is 4.89%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of MGOV?

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

What is the credit quality of MGOV?

MGOV'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 MGOV?

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