Key stats
About First Trust TCW Opportunistic Fixed Income ETF
Expense ratio
0.65%
Home page
Inception date
Feb 14, 2017
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.
Classification
What's in the fund
Exposure type
Securitized
Government
Corporate
Stocks0.08%
Communications0.08%
Bonds, Cash & Other99.92%
Securitized44.15%
Government35.23%
Corporate15.10%
Cash3.25%
Miscellaneous1.21%
Loans0.66%
Municipal0.33%