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Trending ETFs

Name

As of 05/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$27.92

$157 M

5.69%

$1.59

0.85%

Vitals

YTD Return

-1.9%

1 yr return

7.7%

3 Yr Avg Return

-2.1%

5 Yr Avg Return

-0.1%

Net Assets

$157 M

Holdings in Top 10

38.4%

52 WEEK LOW AND HIGH

$27.8
$26.37
$29.54

Expenses

OPERATING FEES

Expense Ratio 0.85%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$27.92

$157 M

5.69%

$1.59

0.85%

FEMB - Profile

Distributions

  • YTD Total Return -1.9%
  • 3 Yr Annualized Total Return -2.1%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.55%
DIVIDENDS
  • Dividend Yield 5.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Trust Emerging Markets Local Currency Bond ETF
  • Fund Family Name
    First Trust Advisors L.P.
  • Inception Date
    Nov 04, 2014
  • Shares Outstanding
    8750002
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Leonardo Da Costa

Fund Description

Under normal market conditions, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in bonds, notes and bills issued or guaranteed by entities incorporated or domiciled in emerging market countries (collectively, “Bonds”) that are denominated in the local currency of the issuer. The Fund invests in Bonds issued or guaranteed by: (i) foreign governments (which may be local foreign governments, such as municipalities and states); (ii) instrumentalities, agencies or other political subdivisions of foreign governments; (iii) central banks, sovereign entities, supranational issuers or development agencies; or (iv) entities or enterprises organized, owned, backed or sponsored by any of the entities set forth above. The Fund’s investment in Bonds may be through purchases of global depositary notes (“GDNs”), which are debt instruments created by a depositary bank that evidence ownership of a local currency-denominated debt instrument.In implementing the Fund’s investment strategy, First Trust Global Portfolios Limited (“First Trust Global” or the “Sub-Advisor”), the Fund’s investment sub-advisor, seeks to provide current income and enhance capital, while minimizing volatility. The Sub-Advisor continually reviews fundamental economic and structural themes that impact long and medium term asset returns in emerging markets. The Sub-Advisor also considers shorter term market drivers such as valuations, liquidity conditions and sentiment to determine the appropriate positioning of the Fund’s investments. The Sub-Advisor will adjust the portfolio’s country allocations, duration and individual security positioning to reflect what it believes to be the most attractive opportunities on a continuous basis.The Sub-Advisor considers emerging market countries to be countries that are characterized by developing commercial and financial infrastructure with significant potential for economic growth and increased capital market participation by foreign investors. The Sub-Advisor considers a variety of factors when determining whether a country should be considered an emerging market, including whether it is classified by the World Bank in the lower, lower-middle or upper-middle income designation for one of the past three years. As of the date of this prospectus, the Sub-Advisor considers emerging market countries to include any country other than Canada, the United States, Australia, Austria, Belgium, Cyprus, Denmark, Finland, France, Germany, Hong Kong, Iceland, Ireland, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom. This list of emerging market countries may be expanded or exceptions may be made depending on the evolution of market and economic conditions. The Fund’s exposure to any single country generally will be limited to 20% of the Fund’s net assets, although this percentage may change from time to time in response to economic events. The percentage of Fund assets invested in a specific region, country or issuer will change from time to time. As of January 31, 2024, the Fund had significant investments in issuers located in Asia and in Latin America, and may be expected to invest significantly in European issuers although this may change from time to time. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector.The Fund may invest in Bonds of any credit quality, including unrated securities, high-yield (also known as “junk”) bonds, and with effective or final maturities of any length. The Fund will invest only in Bonds that, at the time of purchase, are performing, and not in default or distressed. However, the Fund may invest in Bonds which become non-performing, distressed or defaulted subsequent to purchase and the Fund may continue to hold such Bonds. Under normal market conditions, at least 80% of the Fund’s net assets that are invested in Bonds will be invested in Bonds that are issued by issuers with outstanding debt of at least $200 million, or the foreign currency equivalent thereof.The Fund may invest in foreign currencies and derivative instruments, including swap agreements, exchange-listed futures contracts, exchange-listed options, exchange-listed options on futures contracts, forward currency contracts, non-deliverable forward currency contracts and exchange-listed currency options. The Fund uses foreign currencies and derivative instruments primarily to hedge interest rate risk and actively manage interest rate exposure and to hedge foreign currency risk and actively manage foreign currency exposure. The Fund may also use derivative instruments to enhance returns, as a substitute for, or to gain exposure to, a position in an underlying asset, to reduce transaction costs, to maintain full market exposure, to manage cash flows or to preserve capital. The Fund’s investments in derivative instruments will not be used to seek to achieve a multiple or inverse multiple of an index. Under normal market conditions, no more than 20% of the value of the Fund’s net assets will be invested in derivative instruments. To the extent that the Fund invests in derivative instruments as a substitute for, or to gain exposure to, a position in an underlying asset, such investments shall be (a) counted towards the 80% test set forth above and valued according to their market, and not notional, value.The Fund is classified as “non-diversified” under the Investment Company Act of 1940, as amended (the “1940 Act”).
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FEMB - Performance

Return Ranking - Trailing

Period FEMB Return Category Return Low Category Return High Rank in Category (%)
YTD -1.9% -4.5% 8.6% 88.04%
1 Yr 7.7% -3.9% 24.6% 74.09%
3 Yr -2.1%* -14.3% 4.3% 58.62%
5 Yr -0.1%* -9.0% 6.6% 85.98%
10 Yr N/A* -6.0% 4.9% 7.10%

* Annualized

Return Ranking - Calendar

Period FEMB Return Category Return Low Category Return High Rank in Category (%)
2023 11.0% -10.6% 17.8% 1.99%
2022 -15.8% -29.1% -2.4% 31.27%
2021 -18.1% -24.0% 2.7% 98.94%
2020 -2.6% -14.0% 9.7% 86.55%
2019 5.5% -6.4% 13.0% 84.87%

Total Return Ranking - Trailing

Period FEMB Return Category Return Low Category Return High Rank in Category (%)
YTD -1.9% -4.5% 8.6% 88.04%
1 Yr 7.7% -3.9% 24.6% 74.09%
3 Yr -2.1%* -14.3% 4.3% 58.62%
5 Yr -0.1%* -9.0% 6.6% 85.98%
10 Yr N/A* -6.0% 4.9% N/A

* Annualized

Total Return Ranking - Calendar

Period FEMB Return Category Return Low Category Return High Rank in Category (%)
2023 17.1% -0.6% 20.0% 1.99%
2022 -10.5% -27.6% -1.7% 22.34%
2021 -13.4% -18.5% 7.4% 98.59%
2020 3.1% -7.8% 18.0% 75.64%
2019 11.4% -3.0% 23.0% 79.70%

FEMB - Holdings

Concentration Analysis

FEMB Category Low Category High FEMB % Rank
Net Assets 157 M 565 K 14.4 B 55.15%
Number of Holdings 90 4 1779 89.04%
Net Assets in Top 10 59.3 M -134 M 1.25 B 45.51%
Weighting of Top 10 38.44% 5.1% 101.4% 12.75%

Top 10 Holdings

  1. Malaysia Government Bond 4.61%
  2. Indonesia Treasury Bond 4.21%
  3. Romania Government Bond 4.05%
  4. Brazil Notas do Tesouro Nacional Serie F 3.97%
  5. Indonesia Treasury Bond 3.96%
  6. Thailand Government Bond 3.84%
  7. Republic of South Africa Government Bond 3.76%
  8. Mexican Bonos 3.52%
  9. Brazil Notas do Tesouro Nacional Serie F 3.27%
  10. Colombian TES 3.24%

Asset Allocation

Weighting Return Low Return High FEMB % Rank
Bonds
90.89% 0.00% 100.14% 73.09%
Cash
9.32% 0.00% 23.05% 20.93%
Stocks
0.00% -0.01% 95.28% 54.15%
Preferred Stocks
0.00% 0.00% 3.04% 29.24%
Convertible Bonds
0.00% 0.00% 8.47% 71.81%
Other
-0.21% -9.56% 88.17% 93.69%

FEMB - Expenses

Operational Fees

FEMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.02% 32.92% 75.67%
Management Fee 0.85% 0.00% 1.10% 86.38%
12b-1 Fee 0.00% 0.00% 1.00% 5.76%
Administrative Fee N/A 0.02% 0.65% N/A

Sales Fees

FEMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FEMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FEMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 218.00% 44.68%

FEMB - Distributions

Dividend Yield Analysis

FEMB Category Low Category High FEMB % Rank
Dividend Yield 5.69% 0.00% 22.22% 49.83%

Dividend Distribution Analysis

FEMB Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

FEMB Category Low Category High FEMB % Rank
Net Income Ratio 4.55% -2.28% 8.00% 27.89%

Capital Gain Distribution Analysis

FEMB Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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FEMB - Fund Manager Analysis

Managers

Leonardo Da Costa


Start Date

Tenure

Tenure Rank

Nov 04, 2014

7.58

7.6%

Leonardo Da Costa, CFA, has been a portfolio manager at First Trust Global where he focuses on fixed income and is a specialist in emerging markets since May 2013. Mr. Da Costa joined ISIS AM in October 2012 where he was a portfolio manager on the fixed income team. Prior to his time at ISIS AM, he worked for Hydra Capital Management from March 2007 to September 2009, on the firm's long/short and long only emerging market fixed income products. He started his career as a member of the Global Emerging Market Debt team at Aberdeen where he also worked with Mr. Fulton. The team was responsible for managing $2.5 billion of emerging market fixed income assets across total return, income, and closed end products. Mr. Da Costa has a B.Comm (Honours) in Investment and Financial Management from the University of Pretoria (South Africa) and is a CFA charterholder.

Derek Fulton


Start Date

Tenure

Tenure Rank

Nov 04, 2014

7.58

7.6%

Derek Fulton is a director and chief executive officer of FTGP. Mr. Fulton has been managing global portfolios with a focus on fixed income for over 20 years. Prior to joining FTGP in 2011, he was a co-founder and principal of a boutique fixed income manager in Paris managing global bond funds. Prior to that he was Head of Global & Closed-End Fixed Income Portfolios at Aberdeen Asset Management (“Aberdeen”) in London and also held a position as Head of Asian Fixed Income based in Singapore. At First Trust he is responsible for development and distribution of actively managed and smart beta strategies.

Anthony Beevers


Start Date

Tenure

Tenure Rank

Mar 01, 2019

3.25

3.3%

Anthony Beevers is a Portfolio Manager at First Trust Global Portfolios Limited where he focuses on quantitative strategies across global fixed income and multi-asset solutions. Prior to joining First Trust Global Portfolios Limited, he was a Senior Analyst on the Portfolio Management team at FQS Capital Partners, a specialized quantitative investment firm investing in hedge funds across fixed income, FX and equity markets. Anthony graduated with first class Honors from the ICMA Centre at the Henley Business School and is a CFA Charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 23.87 6.39 6.11