|Bid||15.66 x 1300|
|Ask||47.90 x 1000|
|Day's Range||47.81 - 47.92|
|52 Week Range||45.32 - 48.23|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||-0.14|
|Expense Ratio (net)||0.87%|
First Trust Advisors L.P. announces the declaration of distributions for 115 exchange-traded funds advised by FTA.
First Trust added to its lineup of fixed income exchange traded funds last week with the debut of the First Trust Low Duration Strategic Focus ETF (LDSF) , an actively managed ETF of ETFs. The new ETF “seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in a portfolio of U.S.-listed exchange-traded funds ("ETFs") that principally invest in income-generating securities that provide the Fund with an effective portfolio duration of three years or less,” according to First Trust. LDSF's methodology includes both top-down and bottom-up analysis in an effort to find attractive fixed income opportunities with less interest rate risk.
The Federal Reserve raised interest rates four times last year, stoking billions of dollars of inflows to short and ultra-short duration bonds and the related exchange traded funds. At least one new ETF ...
In today's rising-interest-rate environment, senior loan funds' low-interest-rate risk and enticing yields have made them alluring. Senior loans' yields go up in lock step with short-term interest rates, offering an effective duration hedge, but they come with significant credit risks, as most of these loans are issued by companies rated below investment grade. Since 2010, their credit risk has gradually crept up.