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Morningstar

First Trust Enhanced Short Maturity ETF FTSM

Morningstar Medalist Rating
Medalist Rating as of | See First Trust Investment Hub

Morningstar’s Analysis FTSM

Will FTSM 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 FTSM’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FTSM 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 FTSM’s parent organization’s priorities and whether they’re in line with investors’ interests.

An undistinguished ultra-short offering

Analyst Saraja Samant

Saraja Samant

Analyst

Summary

First Trust Enhanced Short Maturity ETF FTSM is led by an experienced group of portfolio managers supported by a growing team, but a turnover in the past several years coupled with an industry-standard straightforward approach limit the strategy’s appeal. It earns a Morningstar Medalist Rating of Neutral.

by Saraja Samant
Rated on Published on

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Portfolio Holdings FTSM

More FTSM Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 346
  • Other Holdings 119
  • % Assets in Top 10 Holdings 8.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 4.625%

1.59
118,889,063
Government

United States Treasury Notes 4.625%

1.59
118,870,313
Government

United States Treasury Notes 3.875%

1.00
74,410,234
Government

AutoNation, Inc.

0.67
50,000,000
Cash and Equivalents

Energy Transfer LP

0.67
50,000,000
Cash and Equivalents

FMC Corporation 0%

0.67
50,000,000
Cash and Equivalents

GLOBAL PAYMENTS INC 0%

0.67
50,000,000
Cash and Equivalents

Federal Home Loan Mortgage Corporation 3.171%

0.58
43,435,522
Securitized

Bayer US Finance II LLC 3.875%

0.56
41,660,864
Corporate

Enterprise Products Operating LLC 3.9%

0.54
40,076,280
Corporate