Symbols

MGOV

First Trust Intermediate Government Opportunities ETF·ARCA

--(--)

Key Stats

Assets Under Management

87.21MUSD

Fund Flows (1Y)

21.37MUSD

Dividend Yield

4.91%

Discount/Premium to NAV

0.10%

Shares Outstanding

4.25M

Expense Ratio

0.66%

About First Trust Intermediate Government Opportunities ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

https://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=MGOV

Inception Date

Aug 2, 2023

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

First Trust Advisors LP

Distributor

First Trust Portfolios LP

MGOV aims for sustained gains by primarily investing in a portfolio of US Treasury and mortgage-related securities, with a flexibility to invest in ETFs and derivatives relating to Government Securities. The fund strives for an average effective duration of three to eight years. The managers utilize a rules-based combination of top-down and bottom-up analysis for security selection. The portfolio's composition is determined by evaluating market fundamentals and performing individual security analysis, which helps decide portfolio weightings and timing for buy and sell decisions. The fund also explores more complex investment strategies like TBA Transactions, which involve the purchase of mortgage-related securities with defined general parameters, but without specifying the precise securities to be delivered until close to the settlement date. Mortgage dollar rolls are another form of these TBA Transactions that the fund employs.