LGOV – First Trust Long Duration Opp ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to generate current income with a focus on preservation of capital. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in a portfolio of investment-grade debt securities issued or guaranteed by the U.S. government, its agencies or government-sponsored entities, including publicly-issued U.S. Treasury securities and mortgage-related securities. It may also invest in exchange-traded funds ("ETFs") that principally invest in such securities.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
LGOV	First Trust Long Duration Opportunities ETF	ETF	Open			Jan 22, 2019	$589.30M	0.490%	—	—	−$25.94M

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