LMBS
First Trust Low Duration Opportunities ETF·NASDAQ
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Key Stats
Assets Under Management
5.90BUSD
Fund Flows (1Y)
1.00BUSD
Dividend Yield
4.06%
Discount/Premium to NAV
0.08%
Shares Outstanding
117.40M
Expense Ratio
0.65%
About First Trust Low Duration Opportunities ETF
Issuer
First Trust Advisors L.P.
Brand
First Trust
Inception Date
Nov 4, 2014
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
LMBS is an actively managed MBS ETF that has a duration target and reaches beyond agency-backed MBS to include non-agency and commercial MBS, for relative value and yield. As such, the portfolio carries material credit risk that is greater than that of pure-play agency-MBS funds. The fund's low-duration mandate increases its appeal to investors who are nervous about rising interest rates but LMBS' short-duration mandate can lead to high portfolio turnover, with further implications for holding costs. Institutions should work with market makers on block trades, as some underlying non-agency-backed MBS and CMBS can be hard to access.
Classification
Asset Class
Fixed Income
Category
Broad Market, Asset-backed
Focus
Broad Credit
Niche
Short-Term
Strategy
Active
Geography
U.S.
Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +0.44% | +0.42% | +0.32% | +2.85% | +4.45% | -2.62% |
NAV Total Return | +0.38% | +1.47% | +0.48% | +7.34% | +18.43% | +15.39% |
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
No data is currently available
Asset
Region
100%
Category
Ratio
North America
100.00%
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
US Dollar
2.37%
Freddie Mac FR SL2533, 4%, due 05/01/2049
1.87%
GNMA TBA, 5.50%, due 08/01/2055
1.44%
U.S. Treasury Bill, 0%, due 02/17/2026
1.28%
Fannie Mae FN FM3003, 4%, due 05/01/2049
1.15%
Freddie Mac FR SL1523, 3.50%, due 07/01/2050
1.04%
U.S. Treasury Note, 4.125%, due 07/31/2028
1.01%
Fannie Mae FN FM2972, 4%, due 12/01/2044
0.99%
GNMA G2 MA7192, 2%, due 02/20/2051
0.96%
U.S. Treasury Inflation Indexed Note, 2.375%, due 10/15/2028
0.93%
Top 10 Weight 13.04%
1201 Total Holdings
Is SPY better than LMBS?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2026-01-21 | 2026-01-21 | 2026-01-30 | 0.170 |
| 2025-12-12 | 2025-12-12 | 2025-12-31 | 0.170 |
| 2025-11-21 | 2025-11-21 | 2025-11-28 | 0.170 |
| 2025-10-21 | 2025-10-21 | 2025-11-03 | 0.170 |
| 2025-09-25 | 2025-09-25 | 2025-09-30 | 0.170 |
| 2025-08-21 | 2025-08-21 | 2025-08-29 | 0.170 |
| 2025-07-22 | 2025-07-22 | 2025-07-31 | 0.170 |
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How Much Does LMBS Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy LMBS?
Fund Flows
