UCON
·ARCA
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Key Stats
Assets Under Management
3.17BUSD
Fund Flows (1Y)
-215.34MUSD
Dividend Yield
4.62%
Discount/Premium to NAV
0.24%
Shares Outstanding
126.10M
Expense Ratio
0.86%
About First Trust Smith Unconstrained Bond ETF
Issuer
First Trust Advisors L.P.
Brand
First Trust
Inception Date
Jun 4, 2018
Structure
Open-Ended Fund
Index Tracked
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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
UCON seeks long-term total return with its broad discretion to invest in almost any kind of fixed income securities. The fund does not necessarily target any particular part of the bond market, but takes a flexible approach based on the manager's top-down, long-term economic outlook. However, the manager may also employ independent, bottom-up research to identify undervalued securities. While UCON does have some exposure limits, they are fairly lax: up to 70% in high-yield debt, 60% in emerging-market debt, 50% in non-USD-denominated debt, and 50% each in residential MBS, commercial MBS, and ABS. MBS not backed by a government or government-sponsored agency is limited to 20% of the portfolio. Individual holdings may be of any maturity, but UCON's portfolio duration will normally not exceed 10 years. The fund may also hold derivatives for hedging or duration management but not to exceed 20% of the portfolio.
Classification
Asset Class
Fixed Income
Category
Broad Market, Broad-based
Focus
Broad Credit
Niche
Broad Maturities
Strategy
Active
Geography
Global
Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +0.04% | -0.04% | +2.15% | +2.31% | +4.35% | -5.51% |
NAV Total Return | +0.44% | +1.34% | +7.26% | +7.48% | +20.76% | +15.52% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Utilities
100.00%
Utilities
100.00%
Asset
Region
100%
Category
Ratio
North America
100.00%
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
U.S. Treasury Note, 3.625%, due 08/31/2027
5.21%
U.S. Treasury Note, 4%, due 05/31/2030
3.64%
U.S. Treasury Note, 4%, due 11/15/2035
3.25%
Freddie Mac FN SD8491, 5%, due 12/01/2054
3.02%
U.S. Treasury Note, 4.25%, due 01/31/2030
2.85%
U.S. Treasury Note, 3.50%, due 10/31/2027
2.65%
U.S. Treasury Inflation Indexed Note, 1.625%, due 10/15/2029
2.07%
U.S. Treasury Note, 3.50%, due 09/30/2029
1.93%
U.S. Treasury Bond, 4.625%, due 11/15/2045
1.51%
U.S. Treasury Note, 3.50%, due 11/30/2030
1.31%
Top 10 Weight 27.44%
414 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-12 | 2025-12-12 | 2025-12-31 | 0.110 |
| 2025-11-21 | 2025-11-21 | 2025-11-28 | 0.110 |
| 2025-10-21 | 2025-10-21 | 2025-10-31 | 0.110 |
| 2025-09-25 | 2025-09-25 | 2025-09-30 | 0.095 |
| 2025-08-21 | 2025-08-21 | 2025-08-29 | 0.095 |
| 2025-07-22 | 2025-07-22 | 2025-07-31 | 0.095 |
| 2025-06-26 | 2025-06-26 | 2025-06-30 | 0.090 |
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Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
