ETF Evaluator:
First Trust Intermediate DurInvGrdCrpETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Corporate Bond Over the Last Year
| 4.6% | Pacer US Cash Cows Bond ETF (MILK) |
| 3.8% | PGIM Corporate Bond 0-5 Year ETF (PCS) |
| 3.6% | Hilton BDC Corporate Bond ETF (HBDC) |
| 3.5% | iShares Invm Grd Crp Bd Buywrt Stgy ETF (LQDW) |
| 3.3% | State Street SPDR Port ItmtTermCorpBdETF (SPIB) |
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ETF Details
First Trust Intermediate DurInvGrdCrpETF Overview
First Trust Intermediate DurInvGrdCrpETF (FIIG) is an actively managed Taxable Bond Corporate Bond exchange-traded fund (ETF). First Trust Advisors L.P. launched the ETF in 2023.
The investment seeks to deliver current income and long-term capital appreciation.
Under normal market conditions, the fund seeks to achieve its objectives by investing at least 80% of its net assets in investment grade corporate debt securities. At least 80% of the fund’s net assets will be invested in corporate debt securities that are, at the time of purchase, investment grade (i.e., rated Baa3/BBB- or above) by at least one nationally recognized statistical rating organization (“NRSRO”) rating such securities, or if unrated, debt securities determined by the fund’s investment advisor to be of comparable quality. The fund is non-diversified.
About First Trust Intermediate DurInvGrdCrpETF (FIIG)
There are 7 members of the management team with an average tenure of 2.63 years: Scott Skowronski (2023), Jeffrey Scott (2023), William Housey (2023), Eric Maisel (2023), Kevin Ziets (2026), Nathan Simons (2023) and Todd Larson (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Credit Corp 5-10 Yr TR USD index with a weighting of 100%. First Trust Intermediate DurInvGrdCrpETF has 234 securities in its portfolio. The top 10 holdings constitute 12.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
First Trust Intermediate DurInvGrdCrpETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. First Trust Intermediate DurInvGrdCrpETF has 16.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 98.7% (81.9% domestic bond, 16.7% foreign bond and 0.0% convertible bond). First Trust Intermediate DurInvGrdCrpETF has 1.3% of the portfolio in cash.
Assets Under Management
The fund has $646 million in total assets, which is below the $3 billion average for the Corporate Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FIIG Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The First Trust Intermediate DurInvGrdCrpETF expense ratio is average compared to funds in the Corporate Bond category. First Trust Intermediate DurInvGrdCrpETF has an expense ratio of 0.49%, which is 100% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. First Trust Intermediate DurInvGrdCrpETF has a portfolio turnover rate of 31%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 58% for the Corporate Bond category.
Recently, in the month of July 2026, First Trust Intermediate DurInvGrdCrpETF returned -1.3%, which earned it a grade of B, as the Corporate Bond category had an average return of -1.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
First Trust Intermediate DurInvGrdCrpETF has a trailing yield of 4.72%, which is below the 5.07% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
First Trust Intermediate DurInvGrdCrpETF Grades
Year to date, the ETF has returned -0.9%, 0.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 2.6% over the past year (grade of C).
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FIIG Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FIIG Return (NAV) | -1.3% | -0.6% | 2.6% | na | na | na |
| FIIG Return (Price) | -1.3% | -0.8% | 2.5% | na | na | na |
| NAV +/- Price Return | -0.095% | 0.191% | 0.103% | na | na | na |
| Corporate Bond Avg | -1.4% | -0.6% | 2.6% | 4.8% | 0.1% | 2.3% |
| FIIG Grade (NAV) | B | B | C | na | na | na |
| +/- Category (NAV) | 0.1% | 0.1% | -0.0% | na | na | na |
| FIIG Tax-Cost Ratio | na | na | 1.9% | na | na | na |
FIIG Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FIIG Return (NAV) | -0.9% | 8.6% | 2.7% | na | na | na | na | na | na | na | na |
| FIIG Return (Price) | -1.3% | 8.8% | 2.1% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.356% | 0.029% | -0.190% | na | na | na | na | na | na | na | na |
| Corporate Bond Avg | -0.6% | 7.8% | 2.8% | 8.3% | -14.8% | -0.9% | 9.6% | 13.5% | -2.0% | 5.2% | 5.0% |
| FIIG Grade (NAV) | F | A | D | na | na | na | na | na | na | na | na |
| +/- Category | -0.4% | 0.8% | -0.2% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 4.7% |
| Total Assets: | $ 646 Mil |
| Share Class Assets: | $ 646 Mil |
| Turnover: | 31.0% |
| Expense Ratio: | 0.49% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 7 | |||
| Longest Tenure: 3.0 years | |||
| Average Tenure: 2.6 years | |||
| Managers (Year): Skowronski Scott (2023), Scott Jeffrey (2023), Housey William (2023), Maisel Eric (2023), Simons Nathan (2023), Larson Todd (2023), Ziets Kevin (2026) | |||
Portfolio Composition (as of 7/30/26)
| # of Holdings: | 234 |
| % in Top 10 Holdings: | 12.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 16.7% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 81.9% |
| Foreign Bond: | 16.7% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | First Trust Advisors L.P. |
| Phone Number: | 800-621-1675 |
| Website: | www.ftportfolios.com |
| Inception Date: | August 2, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.49% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.25% |
