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First Trust Long Duration Opp ETF LGOV

Morningstar Medalist Rating
Medalist 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.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit First Trust Long Duration Opp ETF to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings LGOV

More LGOV Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 40.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

5 Year Treasury Note Future June 24

16.77 115.0 Mil
Government

2 Year Treasury Note Future June 24

10.27 70.4 Mil
Government

10 Year Treasury Note Future June 24

9.46 64.8 Mil
Government

Morgan Stanley Instl Lqudty Trs Instl

7.53 51.6 Mil
Cash and Equivalents

Federal National Mortgage Association 2.5%

2.46 16.9 Mil
Securitized

Federal Home Loan Mortgage Corp. 3%

2.30 15.8 Mil
Securitized

Fnma Pass-Thru I 3.5%

2.11 14.5 Mil
Securitized

US Treasury Bond Future June 24

1.98 13.6 Mil
Government

Federal Home Loan Mortgage Corp. 3%

1.68 11.5 Mil
Securitized

Federal National Mortgage Association 2%

1.59 10.9 Mil
Securitized