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Morningstar

First Trust Long Duration Opp ETF LGOV

Morningstar Analyst Rating
Quantitative rating as of | See First Trust Investment Hub

Morningstar’s Analysis LGOV

Will LGOV outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LGOV’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the LGOV management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of LGOV’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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First Trust Long Duration Opp ETF's Average People Pillar and Process Pillar ratings aren't enough to prevent other weaknesses from sending this strategy to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

Unlock our full analysis with Morningstar Investor

Portfolio Holdings LGOV

More LGOV Holdings
  • Current Portfolio Date Feb 28, 2023
  • Equity Holdings 0
  • Bond Holdings 62
  • Other Holdings 1
  • % Assets in Top 10 Holdings 38.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Morgan Stanley Instl Lqudty Trs Instl

30.03
17,574,956
Cash and Equivalents

US Treasury Bond Future June 23

10.05
5,885,281
Government

10 Year Treasury Note Future June 23

5.91
3,461,344
Government

Ultra US Treasury Bond Future June 23

3.69
2,161,000
Government

United States Treasury Bonds 4%

3.37
1,972,188
Government

United States Treasury Bonds 3.375%

3.08
1,801,250
Government

United States Treasury Bonds 3.25%

3.02
1,768,438
Government

Tennessee Valley Authority 3.5%

2.84
1,660,867
Government

Federal Home Loan Mortgage Corporation 3.459%

2.56
1,500,960
Securitized

Government National Mortgage Association 5%

2.25
1,314,488
Securitized