First Trust Smith Unconstrained Bond ETF

Frequently Asked Questions About UCON

What does UCON invest in?

The Fund aims to achieve the highest possible total return over an extended period. Typically, under ordinary market circumstances, it allocates a minimum of 80% of its net capital, including any funds acquired through borrowing for investment, to various fixed income securities.

What is the expense ratio of UCON?

First Trust Smith Unconstrained Bond ETF (UCON) charges an expense ratio of 0.86%. This is the annual fee deducted from fund assets to cover management and operations.

What is UCON's dividend yield?

UCON's trailing-twelve-month yield is 4.80%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of UCON?

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

What is the credit quality of UCON?

UCON'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 UCON?

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