FIXD – First Trust Smith Opportnstc Fxd Inc ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to maximize long-term total return. The fund pursues its objective by investing at least 80% of its net assets (including investment borrowings) in fixed income securities. It may invest up to 35% of its net assets in corporate, non-U.S. and non-agency debt and other securities rated below investment grade by one or more nationally recognized statistical rating organization ("NRSRO"), or, if unrated, judged to be of comparable quality by the Sub-Advisor.

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
—	First Trust Smith Opportunistic Fixed Income ETF	ETF	Open	—		Feb 14, 2017	—	0.650%	—	—	—
FIXD	First Trust Smith Opportunistic Fixed Income ETF	ETF	Open			Feb 14, 2017	$2.87B	0.650%	—	—	−$389.32M

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