Symbols

FIXD

First Trust Smith Opportunistic Fixed Income ETF·NASDAQ

--(--)

Key Stats

Assets Under Management

3.45BUSD

Fund Flows (1Y)

-1.62BUSD

Dividend Yield

4.49%

Discount/Premium to NAV

0.14%

Shares Outstanding

77.90M

Expense Ratio

0.65%

About First Trust Smith Opportunistic Fixed Income ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

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

Inception Date

Feb 14, 2017

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

FIXD can be compared to other actively managed "core bond” ETFs in the space. TCW, FIXD's sub-advisor, is a household name in the fixed income mutual fund space. FIXD's investors are paying for the ability of TCW to outperform the market. FIXD has a long leash in selecting its investments. It can hold securities of various issuers, sectors, maturities, and credit qualities. It can also hold derivatives, including OTC derivatives, for hedging and other purposes. It only aims to have a weighted average duration within 1 year of the iconic Bloomberg US Aggregate Index. Since FIXD can hold high-yield and/or non-USD denominated securities, it will have a rather different yield, credit, and currency exposure profile than similar funds with the same duration.