UCON

First Trust Smith Unconstrained Bond ETF

$25.20

+0.00%

Market closed. Last update: 11:43 PM ET

📎 Investment Objective

The First Trust Smith Unconstrained Bond ETF (UCON) seeks to provide total return through a flexible, unconstrained fixed income strategy.

Overview

ETF tracking First Trust Smith Unconstrained Bond ETF

Category Fixed Income

Issuer First Trust

Inception Date 2018-06-05

Market Cap $3.0B

Average Volume N/A

Dividend Yield 3.75%

52-Week Range $24.48 - $25.38

VWAP $25.20

Performance

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Investment Summary

📎 Investment Objective

The First Trust Smith Unconstrained Bond ETF (UCON) seeks to provide total return through a flexible, unconstrained fixed income strategy.

🎯 Investment Strategy

The fund invests in a diversified portfolio of fixed income securities, including U.S. government bonds, corporate bonds, mortgage-backed securities, and other debt instruments. The portfolio managers have the flexibility to adjust the fund's duration, credit quality, and sector exposures based on their market outlook and assessment of relative value opportunities.

✨ Key Features

Actively managed, unconstrained fixed income strategy
Broad mandate to invest across the fixed income spectrum
Seeks to generate total return through flexible portfolio positioning
Experienced portfolio management team

⚠️ Primary Risks

Interest rate risk as bond prices may decline with rising rates
Credit risk if the fund invests in lower-quality or high-yield bonds
Liquidity risk for less-traded or illiquid fixed income securities
Potential for higher volatility compared to traditional bond funds

👤 Best For

This ETF may be suitable for investors seeking a flexible, actively managed fixed income solution as part of a diversified portfolio. It may be appropriate for investors with a moderate to high-risk tolerance who are comfortable with the fund's unconstrained approach and potential for higher volatility.