# First Trust Intermediate Government Opportunities ETF (MGOV): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mgov for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: First Trust · Asset class: Fixed Income - Strategy: Thematic · Inception: 2023-08-02 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 ins... ## Key Facts | Metric | Value | |---|---| | Price | $19.44 | | Expense Ratio | 0.50% | | Assets Under Management | $93.4M | | NAV | $19.45 | | Holdings Count | 198 | | Distribution Yield (TTM) | 4.84% | | Annual Distribution (TTM) | $0.94 /share | | Distribution Frequency | Monthly | | 52-Week Range | $18.94 – $20.95 | | Beta | 0.26 | ## Latest Distribution - Amount: $0.0700 /share - Ex-date: 2026-10-21 - Pay date: 2026-10-30 ## Frequently Asked Questions ### 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 4.84%, 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. ### Does MGOV pay a dividend? Yes, First Trust Intermediate Government Opportunities ETF (MGOV) distributes dividends to shareholders. The trailing-twelve-month yield is 4.84%. Full dividend history is on this page. ### How often does MGOV pay dividends? First Trust Intermediate Government 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 MGOV's next ex-dividend date? The most recently announced ex-dividend date for MGOV 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 MGOV's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.50% 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 MGOV charge its expense ratio? The expense ratio is deducted in tiny daily slices from MGOV'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 MGOV cost more than a fund like VOO? MGOV's strategy (current expense ratio 0.50%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where MGOV sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to MGOV? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as MGOV (0.50%) 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/mgov - Distribution history: https://www.dividenddata.com/funds/mgov/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mgov/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mgov/expenses - Peer comparison: https://www.dividenddata.com/funds/mgov/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.