NASDAQ | ETF
Under normal market conditions, the fund seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in a portfolio ofU. S.-listed exchange-traded funds (ETFs) that principally invest in income-generating securities that provide it with a duration of three years or less.
A significant portion of the ETFs in which the fund invests may be advised by First Trust.
Top 8 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| LMBS | First Trust Low Duration Opportunities ETF | 35.07% | ||
| FSIG | First Trust Exchange-Traded Fund IV | 34.95% | ||
| HYLS | First Trust Tactical High Yield ETF | 12.12% | ||
| FTSM | First Trust Enhanced Short Maturity ETF | 6.59% | ||
| FTSL | First Trust Senior Loan Fund | 3.00% | ||
| MBB | iShares MBS ETF | 2.47% | ||
| FEMB | First Trust Emerging Markets Local Currency Bond ETF | 2.32% | ||
| IEI | iShares 3-7 Year Treasury Bond ETF | 1.94% |