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ETFs

First Trust Long Duration Opportunities ETF

LGOV
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 22 2019
Expense Ratio
0.68%
Type
US Bonds
Fund Owner
First Trust
Volume (1m avg. daily)
$1,369,986
AUM
$189,313,541
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Freddie Mac Series 5213 Class DB 3% due 04/25/2052
5.64%
n/a
U.S. Treasury Bill 0% due 02/08/2024
5.19%
n/a
GNMA Series 2018-53 Class BZ 3.50% due 04/20/2048
4.58%
n/a
GNMA Series 2022-128 Class PN 4% due 07/20/2052
4.51%
n/a
GNMA Series 2014-26 Class MZ 3% due 02/20/2044
4.40%
n/a
U.S. Treasury Bill 0% due 01/11/2024
3.65%
n/a
U.S. Treasury Bill 0% due 01/18/2024
3.65%
n/a
GNMA Series 2022-124 Class MY 3.50% due 07/20/2052
3.62%
n/a
Fannie Mae Series 2016-94 Class MB 2.50% due 12/25/2046
2.78%
n/a
FHLMC Multifamily Structured Pass Through Certs. Series K159 Class A3 Variable rate due 11/25/2033
2.69%
Invest with LGOV

What is LGOV?

The First Trust Long Duration Opportunities ETFs (the "Fund") primary investment objective is to generate current income with a focus on preservation of capital. Under normal market conditions, the Fund will invest at least 80% of its net assets (including investment borrowings) in a portfolio of investment-grade debt securities issued or guaranteed by the U.S. government, its agencies or government-sponsored entities, including publicly-issued U.S. Treasury securities and mortgage-related securities. The Fund may also invest in exchange-traded funds ("ETFs") that principally invest in such securities. The Fund may purchase mortgage-related securities in "to-be-announced" transactions ("TBA Transactions"), including mortgage dollar rolls.

ETFs related toLGOV

ETFs correlated to LGOV include DBND, UNIY, JCPB

LGOV
First Trust Exchange-Traded Fund IV - First Trust Long Duration Opportunities ETF
DBND
DoubleLine ETF Trust - DoubleLine Opportunistic Bond ETF
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund
JCPB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Core Plus Bond ETF
GOVI
Invesco Capital Management LLC - Invesco Equal Weight 0-30 Year Treasury ETF
TLH
BlackRock Institutional Trust Company N.A. - iShares 10-20 Year Treasury Bond ETF
SPAB
SPDR Series Trust - SPDR Portfolio Aggregate Bond ETF
UBT
ProShares Trust - ProShares Ultra 20+ Year Treasury 2x Shares
BBAG
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Aggregate Bond ETF
AGGY
WisdomTree Trust - WisdomTree Yield Enhanced U.S. Aggregate Bond Fund
FLCB
Franklin Templeton ETF Trust - Franklin U.S. Core Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toLGOV

#SAM

Spread Across the Market

Category

Getting Defensive, Investing for the Long-Term

Risk Rating

Moderate

#ROT

Ride the Oil Trend

Category

Featured, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with LGOV using Composer

FAQ

LGOV is a US Bonds ETF. The First Trust Long Duration Opportunities ETFs (the "Fund") primary investment objective is to generate current income with a focus on preservation of capital. Under normal market conditions, the Fund will invest at least 80% of its net assets (including investment borrowings) in a portfolio of investment-grade debt securities issued or guaranteed by the U.S. government, its agencies or government-sponsored entities, including publicly-issued U.S. Treasury securities and mortgage-related securities. The Fund may also invest in exchange-traded funds ("ETFs") that principally invest in such securities. The Fund may purchase mortgage-related securities in "to-be-announced" transactions ("TBA Transactions"), including mortgage dollar rolls.

Yes, LGOV is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, LGOV is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on LGOV is -0.0359%. This is the percent change in the value of LGOV over the most recent 1-month period. The 3-month return on LGOV is -0.0774%. This is the percent change in the value of LGOV over the most recent 3-month period.

The standard deviation of LGOV for the past year is 0.1%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to LGOV include SHY, BIL, and TLT.

ETFs correlated to LGOV include DBND, UNIY, and JCPB.

ETFs that are inversely correlated to LGOV include TTT, TBT, and TBF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.