While its experienced comanagers remain, team turnover on First Trust Enhanced Short Maturity ETF gives us reason for pause. Plus, the strategy's process hasn't differentiated itself from the pack. This sums to a Morningstar Analyst Rating of Neutral.
Will FTSM outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of FTSM’s parent organization’s priorities and whether they’re in line with investors’ interests.