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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 —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 5.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 3.875%

1.15 75.0 Mil
Government

United States Treasury Notes 0.125%

1.11 72.8 Mil
Government

United States Treasury Notes 4.625%

1.00 65.7 Mil
Government

AutoNation, Inc. 0%

0.76 50.0 Mil
Cash and Equivalents

Energy Transfer LP 0%

0.76 50.0 Mil
Cash and Equivalents

T-Mobile US TR 2022-1 4.91%

0.73 47.8 Mil
Securitized

Thomson Reuters Corp 0%

0.69 45.0 Mil
Cash and Equivalents

Federal Home Loan Mortgage Corp. 3.171%

0.66 43.5 Mil
Securitized

Global Payments Inc

0.61 40.0 Mil
—

FMC Corp. 0%

0.61 40.0 Mil
Cash and Equivalents